Oasis Trading (Commodities) Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 06810612 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2022

for

Oasis Trading (Commodities) Limited

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

M Murray

Mrs J E Murray

SECRETARY:

Mrs J E Murray

REGISTERED OFFICE:

6 station view

Hazel Grove

stockport

SK7 5ER

REGISTERED NUMBER:

06810612 (England and Wales)

ACCOUNTANTS:

IN Accountancy Limited

6 Station View

Bramhall Moor Lane

Hazel Grove

Stockport

Cheshire

SK7 5ER

FIXED ASSETS

Tangible assets

4

491

3,621

CURRENT ASSETS

Stocks

74,698

89,258

Debtors

5

188,728

204,143

Cash at bank

1,503

52,435

264,929

345,836

CREDITORS

Amounts falling due within one year

6

262,693

303,964

NET CURRENT ASSETS

2,236

41,872

TOTAL ASSETS LESS CURRENT LIABILITIES

2,727

45,493

CREDITORS

Amounts falling due after more than one year

7

(34,866

)

(44,499

)

PROVISIONS FOR LIABILITIES

(595

)

(688

)

NET (LIABILITIES)/ASSETS

(32,734

)

306

CAPITAL AND RESERVES

Called up share capital

101

101

Retained earnings

(32,835

)

205

SHAREHOLDERS' FUNDS

(32,734

)

306

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 June 2023 and were signed on its behalf by:

M Murray - Director

1.	STATUTORY INFORMATION

Oasis Trading (Commodities) 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.

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 financial statements are prepared in sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2021

and 30 April 2022

20,866

DEPRECIATION

At 1 May 2021

17,245

Charge for year

3,130

At 30 April 2022

20,375

NET BOOK VALUE

At 30 April 2022

491

At 30 April 2021

3,621

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.22

30.4.21

£

£

Trade debtors

107,666

181,141

Amounts owed by associates

31,454

225

Other debtors

49,608

22,777

188,728

204,143

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.22

30.4.21

£

£

Bank loans and overdrafts

46,971

5,501

Trade creditors

198,871

282,193

Amounts owed to associates

250

250

Taxation and social security

11,844

11,243

Other creditors

4,757

4,777

262,693

303,964

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.22

30.4.21

£

£

Bank loans

34,866

44,499

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The director owes the company £40,906 (2021, £16,314) as at balance sheet date 30th April 2022

9.	RELATED PARTY DISCLOSURES

Full of Beans Snacks Limited

Mr M Murray, a director, has a controlling interest in Full of Beans Snacks Limited. At the balance sheet date the amount owed to the company by Full of Beans Snacks Limited were £225 (2021, £225).

Shaw Road ( Leasehold) Management Limited

Mr M Murray, a director, has a controlling interest in Shaw Road (Leasehold) Management Limited.

This company has now been dissolved and an amount of £430 owed to Shaw Road (Leasehold) Management Limited was written off in the year (2021, £0).

Natures Table Snacks Limited

Mr M Murray, a director, has a controlling interest in Natures Table Snacks Limited. At the balance sheet date the amount owed to the company were £250 (2021, £250).

Oasis Tarim Ve Ambalaj Limited

Mr M Murray, a director, has a controlling interest in Oasis Tarim Ve Ambalaj Limited.

At the balance sheet date the amount owed to the company by Oasis Tarim Ve Ambalaj Limited was £5,417 (2021, 5,417).

E-Flaves Limited

Mr M Murray, a director, has a controlling interest in E-Flaves Limited.

At the balance sheet date the amount owed to the company by E-Flaves Limited was £31,229 (2021, £0)

10.	ULTIMATE CONTROLLING PARTY

The controlling party is M Murray.

11.	GOING CONCERN

The continued trading of the company is reliant upon the support of the directors and creditors.