Oasis Software Solutions Limited - Accounts to registrar (filleted) - small 18.2

Oasis Software Solutions Limited - Accounts to registrar (filleted) - small 18.2

OASIS SOFTWARE SOLUTIONS LIMITED - Company Information

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REGISTERED NUMBER: 05505532 (England and Wales)















OASIS SOFTWARE SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019





Watts Gregory LLP
Chartered Accountants
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS








OASIS SOFTWARE SOLUTIONS LIMITED (REGISTERED NUMBER: 05505532)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OASIS SOFTWARE SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2019







DIRECTORS: E P T Anderson
N A MacDonald
W E Clough





REGISTERED OFFICE: Wyastone Business Park
Wyastone Leys
MONMOUTH
NP25 3SR





REGISTERED NUMBER: 05505532 (England and Wales)





ACCOUNTANTS: Watts Gregory LLP
Chartered Accountants
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS
Page 1
OASIS SOFTWARE SOLUTIONS LIMITED (REGISTERED NUMBER: 05505532)

BALANCE SHEET
31 MARCH 2019

2019 2018
Notes £    £   
CURRENT ASSETS
Debtors 5 406,876 289,093
Cash at bank 482,781 373,034
889,657 662,127
CREDITORS
Amounts falling due within one year 6 (456,407 ) (405,695 )
NET CURRENT ASSETS 433,250 256,432
TOTAL ASSETS LESS CURRENT
LIABILITIES
433,250
256,432

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 433,150 256,332
SHAREHOLDERS' FUNDS 433,250 256,432

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved for issue by the Board of Directors on 12 December 2019 and were signed on
its behalf by:





N A MacDonald - Director


The notes form part of these financial statements

Page 2
OASIS SOFTWARE SOLUTIONS LIMITED (REGISTERED NUMBER: 05505532)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019


1. STATUTORY INFORMATION

Oasis Software Solutions Limited is a private company, limited by shares , registered in England and Wales.
The company's registered number and registered office address can be found on the Company Information
page.

The company's functional and presentational currency in the financial statements is the Sterling (£), rounded to
the nearest pound.

The significant accounting policies applied in the presentation of these financial statements are set out below.
These policies have been consistently applied to all years presented unless otherwise stated.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There have been no material departures from Financial Reporting Standard 102 1A.

Turnover
Turnover represents amounts billed and billable in respect of programming and installation of software during
the year, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33.33% on cost

Current tax
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and
is calculated using the tax rates and laws that have been enacted or substantively enacted at the balance sheet
date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws
that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal
of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's
pension scheme are charged to the profit and loss account in the period to which they relate.

Amounts to be billed
Services provided to clients, which at the balance sheet date have not been billed, have been recognised as
turnover. Turnover recognised in this manner is based on an assessment of the fair value of the services
provided at the balance sheet date as a proportion of the total value of the engagement. Provision is made
against unbilled amounts on those engagements where the right to receive payment is contingent on factors
outside the control of the company. Unbilled revenue is included in debtors.

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees
are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

Page 3 continued...
OASIS SOFTWARE SOLUTIONS LIMITED (REGISTERED NUMBER: 05505532)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019


2. ACCOUNTING POLICIES - continued

Non-derivative financial instruments
Basic financial instruments are recognised at amortised cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2018 - 7 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2018
and 31 March 2019 8,966
DEPRECIATION
At 1 April 2018
and 31 March 2019 8,966
NET BOOK VALUE
At 31 March 2019 -
At 31 March 2018 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 230,088 208,776
Amounts to be billed 78,080 32,275
Other debtors 50,919 1,250
Amounts due from related party 42,250 42,250
Prepayments and accrued income 5,539 4,542
406,876 289,093

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 290,561 257,958
Corporation tax 49,353 65,294
VAT 53,724 30,262
Amount due to related party 44,782 21,282
Director's current account 100 100
Accruals and deferred income 17,887 30,799
456,407 405,695

7. CALLED UP SHARE CAPITAL


Allotted and issued:
Number: Class: Nominal 2019 2018
value: £    £   
100 Ordinary £1 100 100

Page 4