Oscar Business Solutions Ltd
Oscar Business Solutions Ltd
Registered number: 08164634
Unaudited Financial Statements
For The Year Ended 31 January 2018
TMA Accounting Ltd
The Garden House
Threshersfield
Hever
Kent
TN8 7ND
Oscar Business Solutions Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2018
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1 |
| Notes to the Financial Statements | 3—4 |
Oscar Business Solutions Ltd
Balance Sheet
As at
31 January 2018
Balance Sheet
Registered number:
08164634
For the year ending 31 January 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| CURRENT ASSETS | |||||
| Debtors | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 6 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 79,466 | 32,404 | |||
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges her 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. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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Page 1
Oscar Business Solutions Ltd
Balance Sheet (continued)
As at
31 January 2018
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Oscar Business Solutions Ltd
Notes to the Unaudited Accounts
For The Year Ended 31 January 2018
Notes to the Unaudited Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
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3.
Tangible Assets
| Plant & Machinery | |
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| Cost | |
| As at |
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| Depreciation | |
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| Net Book Value | |
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Oscar Business Solutions Ltd
Notes to the Unaudited Accounts (continued)
For The Year Ended 31 January 2018
4.
Debtors
| 2018 | 2017 | ||
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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5.
Creditors: Amounts Falling Due Within One Year
| 2018 | 2017 | ||
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| £ | £ | ||
| Corporation tax |
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| VAT |
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| Director's loan account |
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7.
Dividends
| 2018 | 2017 | ||
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| £ | £ | ||
| On equity shares: | |||
| Final dividend paid |
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| 95,000 | 160,000 | ||
8.
Ultimate Controlling Party
The company's ultimate controlling party is by virtue of her ownership of 100% of the issued share capital in the company.
9.
General Information
Oscar Business Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08164634 . The registered office is 3 Winifred Road, London, SW19 3AS.
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