NATIVE ORACLE LIMITED 28/02/2022 iXBRL
NATIVE ORACLE LIMITED 28/02/2022 iXBRL
Company registration number:
SC442370
Contents
Directors and other information
Accountants report
Abridged statement of financial position
Notes to the financial statements
Directors and other information
Director |
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(Appointed 1 July 2022) | ||
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Registered office |
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Business address |
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Accountants |
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Chartered Accountants | |||
59 Admiral Street | |||
Glasgow | |||
G41 1HP | |||
Report to the director on the preparation of the
unaudited statutory financial statements of NATIVE ORACLE LIMITED
Year ended 28 February 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of NATIVE ORACLE LIMITED for the year ended 28 February 2022 which comprise the abridged statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the director of NATIVE ORACLE LIMITED, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of NATIVE ORACLE LIMITED and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NATIVE ORACLE LIMITED and its director as a body for our work or for this report.
It is your duty to ensure that NATIVE ORACLE LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of NATIVE ORACLE LIMITED. You consider that NATIVE ORACLE LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of NATIVE ORACLE LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Chartered Accountants
Chartered Accountants
59 Admiral Street
Glasgow
G41 1HP
28 March 2023
Abridged statement of financial position
28 February 2022
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Note | £ | £ | £ | £ | |||||
Current assets | |||||||||
Stocks | - |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year |
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Net liabilities |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholder deficit |
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Director's responsibilities:
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The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
28 March 2023
, and are signed on behalf of the board by:
Director
Company registration number:
SC442370
Notes to the financial statements
Year ended 28 February 2022
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Traders Quarter, 3rd.Floor, 166 Buchanan Street, Glasgow, G1 2LW.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
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.
Taxation
Stocks
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2021:
1
).
5.
Directors advances, credits and guarantees
During the year under review no advances, credits or guarantees were either granted to, or on behalf of, the director.
6.
Controlling party
7.
Going Concern
As at the balance sheet date the company has an excess of liabilities over assets. However, the shareholder has confirmed that sufficient resources will be made available to fund the company's on-going operations. That being the case it has been regarded as appropriate to prepare these accounts on the going concern basis.