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Company Registration No. 15645326 (England and Wales)
Oscar Store Ltd Unaudited accounts for the year ended 31 March 2026
Oscar Store Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Oscar Store Ltd Company Information for the year ended 31 March 2026
Director
Bahadeen Ali Hassan
Company Number
15645326 (England and Wales)
Registered Office
7a Walm Lane London London NW2 5SJ England
Accountants
Schiavi Pole Brett Ltd Unit 2 58 High Street Pinner HA5 5PZ
- 3 -
Oscar Store Ltd Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Intangible assets
4
12,000
16,000
Tangible assets
5
13,177
17,570
25,177
33,570
Current assets
Inventories
59,500
39,500
Debtors
6
7,022
19,122
Cash at bank and in hand
28,255
637
94,777
59,259
Creditors: amounts falling due within one year
7
(99,045)
(90,746)
Net current liabilities
(4,268)
(31,487)
Net assets
20,909
2,083
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
19,909
1,083
Shareholders' funds
20,909
2,083
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 May 2026 and were signed on its behalf by
Bahadeen Ali Hassan Director Company Registration No. 15645326
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Oscar Store Ltd Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
Oscar Store Ltd is a private company, limited by shares, registered in England and Wales, registration number 15645326. The registered office is 7a Walm Lane, London, London, NW2 5SJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 March 2026 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2024. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Straight Line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Oscar Store Ltd Notes to the Accounts for the year ended 31 March 2026
4
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2025
20,000
At 31 March 2026
20,000
Amortisation
At 1 April 2025
4,000
Charge for the year
4,000
At 31 March 2026
8,000
Net book value
At 31 March 2026
12,000
At 31 March 2025
16,000
5
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 April 2025
21,963
At 31 March 2026
21,963
Depreciation
At 1 April 2025
4,393
Charge for the year
4,393
At 31 March 2026
8,786
Net book value
At 31 March 2026
13,177
At 31 March 2025
17,570
6
Debtors
2026
2025
£
£
Amounts falling due within one year
VAT
2,190
5,322
Trade debtors
719
13,800
Other debtors
4,113
-
7,022
19,122
7
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
1,662
36,586
Taxes and social security
16,790
2,972
Other creditors
1,000
-
Loans from directors
79,593
51,188
99,045
90,746
- 6 -
Oscar Store Ltd Notes to the Accounts for the year ended 31 March 2026
8
Average number of employees
During the year the average number of employees was 2 (2025: 1).
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