Oska Trade Limited - Filleted accounts

Registered number

05743927

Oska Trade Limited

Unaudited Filleted Accounts

31 December 2024

Oska Trade Limited
Registered number:		05743927
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		28,368			23,519
Investments	4		32,330			37,328
			60,698			60,847

Current assets
Stocks		870,939			975,253
Debtors	5	1,422,850			2,229,662
Cash at bank and in hand		241,282			268,754
		2,535,071			3,473,669

Creditors: amounts falling due within one year	6	(736,524)			(2,052,956)

Net current assets			1,798,547			1,420,713

Total assets less current liabilities			1,859,245			1,481,560

Provisions for liabilities			(4,134)			(2,273)

Net assets			1,855,111			1,479,287

Capital and reserves
Called up share capital			1			1
Profit and loss account			1,855,110			1,479,286

Shareholder's funds			1,855,111			1,479,287

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime.


Ms L Bayer
Director
Approved by the board on 22 December 2025

Oska Trade Limited
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales / value added tax, returns, rebates and discounts. The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings	over the lease term
	Fixtures, fittings, tools and equipment	12.5% to 33.33% straight line

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees			2024		2023
Number					Number

	Average number of persons employed by the company			22		22

3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 January 2024	145,292		339,028		484,320
	Additions	-		12,202		12,202
	At 31 December 2024	145,292		351,230		496,522

	Depreciation
	At 1 January 2024	122,010		338,791		460,801
	Charge for the year	7,353		-		7,353
	At 31 December 2024	129,363		338,791		468,154

	Net book value
	At 31 December 2024	15,929		12,439		28,368
	At 31 December 2023	23,282		237		23,519

4	Investments
Investments in
subsidiary
undertakings
£
	Cost
	At 1 January 2024					37,328
	Disposals					(4,998)

	At 31 December 2024					32,330

	The company's investments at the balance sheet date represent shareholdings in the following companies:-
	1. 100 ordinary £1 shares in Oska Ludlow Limited, a company involved in clothing retailing. At 31 December 2024 Oska Ludlow Limited had net liabilities of £607196 (2023: £499397) and made a loss after tax in the year to that date of £107899 (2023: £121798).
	2. 102 ordinary £1 shares in Oska St Ives Limited, a company involved in clothing retailing. At 31 December 2024 Oska St Ives Limited had net liabilities of £52944 (2023: £10223) and made a loss after tax in the year to that date of £42721 (2023: £17081).

	The company has taken advantage of the exemptions available to small companies to not prepare group accounts.


5	Debtors			2024		2023
£					£

	Trade debtors			96,533		186,197
	Amounts owed by group undertakings and undertakings in which the company has a participating interest			1,087,582		1,829,645
	Other debtors			238,735		213,820
				1,422,850		2,229,662

	Amounts due after more than one year included above			48,274		46,388


6	Creditors: amounts falling due within one year			2024		2023
£					£

	Trade creditors			37,269		126,836
	Amounts owed to group undertakings and undertakings in which the company has a participating interest			448,482		1,598,558
	Taxation and social security costs			242,168		315,794
	Other creditors			8,605		11,768
				736,524		2,052,956


7	Related party transactions

	During the year the company purchased goods totalling £2523776 (2023: £2932414) from Oska Textilvertriebs GmbH, an associated company. Various expenses, including IT costs of £2740 (2023: £2765) were settled on behalf of Oska Textilvertriebs GmbH and at the year end the balance outstanding was £446565 (2023: £763255). The company also incurred management charges of £125599 (2023: £113403) from Oska Management GmbH.
	The company incurs rent charges from third parties which are recharged to Oska St Ives Limited. Rent of £47317 (2023: £47317) was recharged to Oska St Ives Limited during the year. Oska Ludlow Limited purchased goods totalling £691082 (2023: £684906) from Oska Trade Limited. Oska St Ives Limited purchased goods amounting to £142302 (2023: £155817) from Oska Trade Limited. At the year end £68909 (2023: £77820) was owed by Oska St Ives Limited and £1211850 (2023: £1026153) by Oska Ludlow Limited.
8	Controlling party

	The company is owned by Oska Management GmbH, a company incorporated in Germany and whose registered office is Dirnismaning 34, 85748 Garching, Germany.

9	Other information

	Oska Trade Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 16 Eastway Business Village
	Olivers Place
	Fulwood
	Preston
	PR2 9WT