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 2022






OASIS SOFTWARE SOLUTIONS LIMITED (REGISTERED NUMBER: 05505532)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022










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 2022







DIRECTORS: 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 2022

2022 2021
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,338 -

CURRENT ASSETS
Debtors 5 339,705 337,991
Cash at bank 375,148 527,490
714,853 865,481
CREDITORS
Amounts falling due within one year 6 (139,828 ) (406,156 )
NET CURRENT ASSETS 575,025 459,325
TOTAL ASSETS LESS CURRENT
LIABILITIES
578,363
459,325

PROVISIONS FOR LIABILITIES (835 ) -
NET ASSETS 577,528 459,325

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 577,428 459,225
SHAREHOLDERS' FUNDS 577,528 459,325

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 and authorised for issue on 1 October 2022 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 2022


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.

The company has early adopted the 'Triennial review 2017 amendments'.

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 2022


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 7 (2021 - 9 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2021 - 8,966 8,966
Additions 2,000 1,846 3,846
At 31 March 2022 2,000 10,812 12,812
DEPRECIATION
At 1 April 2021 - 8,966 8,966
Charge for year - 508 508
At 31 March 2022 - 9,474 9,474
NET BOOK VALUE
At 31 March 2022 2,000 1,338 3,338
At 31 March 2021 - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 153,039 24,554
Amounts to be billed 176,344 180,892
Amounts due from related party - 125,250
Prepayments and accrued income 10,322 7,295
339,705 337,991

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 34,492 8,497
Corporation tax 44,173 20,269
Social security and other taxes 10,112 7,263
VAT 40,116 50,814
Amount due to related party - 265,424
Director's current account 412 45,412
Accruals and deferred income 10,523 8,477
139,828 406,156

7. CALLED UP SHARE CAPITAL


Allotted and issued:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100

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