Oasis Cladding Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 3345288

Oasis Cladding Limited

Filleted Unaudited Financial Statements

31 March 2025

Oasis Cladding Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	6		17,325		23,100

Current assets

Stocks		23,829	54,660
Debtors	7	227,791	167,183
Cash at bank and in hand		266,609	241,861
		---------	---------
		518,229	463,704

Creditors: amounts falling due within one year	8	190,672		187,928
		---------		---------
Net current assets			327,557		275,776
			---------		---------
Total assets less current liabilities			344,882		298,876

Provisions

Taxation including deferred tax	3,292	4,389
	---------	---------
Net assets	341,590	294,487
	---------	---------

Capital and reserves

Called up share capital	9	100	100
Profit and loss account		341,490	294,387
		---------	---------
Shareholders funds		341,590	294,487
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Oasis Cladding Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 17 December 2025 , and are signed on behalf of the board by:

Mr A Allum	Mr P Tickner
Director	Director

Company registration number: 3345288

Oasis Cladding Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1a Altic Court, Off Borough Road, Gallowfields Trading Estate, Richmond, North Yorkshire, DL10 4SX.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less, or to receive more tax.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. Particulars of employees

The average number of persons employed by the company during the year amounted to 6 (2024: 6 ).

5. Taxation on ordinary activities

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	16,118	10,388

Deferred tax:

Origination and reversal of timing differences	( 1,097)	( 2,449)
	--------	-------
Taxation on ordinary activities	15,021	7,939
	--------	-------

6. Tangible assets

	Fixtures and fittings	Motor vehicles	Total
	£	£	£
Cost
At 1 April 2024 and 31 March 2025	5,627	65,712	71,339
	-------	--------	--------
Depreciation
At 1 April 2024	3,336	44,903	48,239
Charge for the year	573	5,202	5,775
	-------	--------	--------
At 31 March 2025	3,909	50,105	54,014
	-------	--------	--------
Carrying amount
At 31 March 2025	1,718	15,607	17,325
	-------	--------	--------
At 31 March 2024	2,291	20,809	23,100
	-------	--------	--------

7. Debtors

	2025	2024
	£	£
Trade debtors	85,591	58,106
Amounts owed by group undertakings	100,000	100,000
Other debtors	42,200	9,077
	---------	---------
	227,791	167,183
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	27,279	27,258
Accruals and deferred income	118,285	123,376
Corporation tax	16,118	10,388
Social security and other taxes	4,455	2,371
Director loan accounts	82	82
Other creditors	24,453	24,453
	---------	---------
	190,672	187,928
	---------	---------

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

10. Directors' advances, credits and guarantees

During the year there were no directors' advances, credits and guarantees.

11. Related party transactions

During the current year the company rented premises from Altic Industries Limited, its holding company, for a commercial rent of £18,000 (2024 - £18,000). The company also paid management charges to Altic Industries Limited to the value of £120,000 (2024 - £120,000). The amount outstanding from Altic Industries Limited at the balance sheet date was £100,000 (2024 - £100,000).

12. Controlling party

The company's immediate and ultimate parent company is Altic Industries Limited, a company incorporated in England. During the current and previous year, the company was under the control of Mr A Allum and Mr P Tickner .