Company Registration No. 03777079 (England and Wales)
OASIS MERCHANDISING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017
PAGES FOR FILING WITH REGISTRAR
OASIS MERCHANDISING LIMITED
COMPANY INFORMATION
Directors
Noel Gallagher
Liam Gallagher
Marcus Russell
Alec McKinlay
Secretary
Alec McKinlay
Company number
03777079
Registered office
OJK Ltd
19 Portland Place
London
W1B 1PX
Accountants
OJK Limited
19 Portland Place
London
W1B 1PX
OASIS MERCHANDISING LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
OASIS MERCHANDISING LIMITED
BALANCE SHEET
AS AT
31 MARCH 2017
31 March 2017
- 1 -
2017
2016
Notes
£
£
£
£
Current assets
Stocks
-
7,183
Debtors
2
28,397
4,018
Cash at bank and in hand
182,521
91,964
210,918
103,165
Creditors: amounts falling due within one year
3
(183,521)
(75,768)
Net current assets
27,397
27,397
Capital and reserves
Called up share capital
4
40
40
Capital redemption reserve
20
20
Profit and loss reserves
27,337
27,337
Total equity
27,397
27,397
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
T
he directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved by the board of directors and authorised for issue on 22 December 2017 and are signed on its behalf by:
Noel Gallagher
Director
Company Registration No. 03777079
OASIS MERCHANDISING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017
- 2 -
1
Accounting policies
Company information
Oasis Merchandising Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
OJK Ltd, 19 Portland Place, London, W1B 1PX.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for
merchandise
net of VAT
.
1.3
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
1.4
Financial instruments
The company has
only basic financial instruments.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest
method unless the arrangement constitutes a financing transaction,
.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans
and
loans from
fellow group companies are
initially recognised at transaction price unless the arrangement constitutes a
financing transaction
.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
1.6
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the profit and loss account for the period.
2
Debtors
2017
2016
Amounts falling due within one year:
£
£
Trade debtors
3,860
3,258
Other debtors
24,537
760
28,397
4,018
OASIS MERCHANDISING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2017
- 3 -
3
Creditors: amounts falling due within one year
2017
2016
£
£
Trade creditors
6,797
5,630
Other creditors
176,724
70,138
183,521
75,768
4
Called up share capital
2017
2016
£
£
Ordinary share capital
Issued and fully paid
40 Ordinary shares of £1 each
40
40
40
40