1 March 2022 false No description of principal activity Taxfiler 2023.10 06831239business:PrivateLimitedCompanyLtd2022-03-012023-02-28 068312392022-02-28 068312392022-03-012023-02-28 06831239business:AuditExempt-NoAccountantsReport2022-03-012023-02-28 06831239business:FilletedAccounts2022-03-012023-02-28 068312392023-02-28 06831239business:Director12022-03-012023-02-28 068312392022-02-28 06831239core:WithinOneYear2023-02-28 06831239core:WithinOneYear2022-02-28 06831239core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 06831239core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 06831239core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 06831239core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 06831239core:PreviouslyStatedAmount2023-02-28 06831239core:PreviouslyStatedAmount2022-02-28 06831239business:SmallEntities2022-03-012023-02-28 06831239countries:EnglandWales2022-03-012023-02-28 06831239core:PlantMachinery2022-03-012023-02-28 06831239core:Goodwill2022-02-28 06831239core:Goodwill2022-03-012023-02-28 06831239core:Goodwill2023-02-28 06831239core:PlantMachinery2022-02-28 06831239core:PlantMachinery2023-02-28 06831239core:AfterOneYear2023-02-28 06831239core:AfterOneYear2022-02-28 068312392021-03-012022-02-28 iso4217:GBP xbrli:pure
Company Registration No. 06831239 (England and Wales)
Osprey Electrical Limited Unaudited accounts for the year ended 28 February 2023
Osprey Electrical Limited Unaudited accounts Contents
Page
- 2 -
Osprey Electrical Limited Company Information for the year ended 28 February 2023
Director
Steven Young
Company Number
06831239 (England and Wales)
- 3 -
Osprey Electrical Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
30,000 
- 
Tangible assets
817 
1,089 
30,817 
1,089 
Current assets
Debtors
1,104 
2,511 
Cash at bank and in hand
845 
1,452 
1,949 
3,963 
Creditors: amounts falling due within one year
(20,367)
(4,707)
Net current liabilities
(18,418)
(744)
Net assets
12,399 
345 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
12,397 
343 
Shareholders' funds
12,399 
345 
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 November 2023 and were signed on its behalf by
Steven Young Director Company Registration No. 06831239
- 4 -
Osprey Electrical Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Osprey Electrical Limited is a private company, limited by shares, registered in England and Wales, registration number 06831239.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2022
- 
Additions
30,000 
At 28 February 2023
30,000 
Amortisation
At 1 March 2022
- 
At 28 February 2023
- 
Net book value
At 28 February 2023
30,000 
- 5 -
Osprey Electrical Limited Notes to the Accounts for the year ended 28 February 2023
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2022
20,484 
At 28 February 2023
20,484 
Depreciation
At 1 March 2022
19,395 
Charge for the year
272 
At 28 February 2023
19,667 
Net book value
At 28 February 2023
817 
At 28 February 2022
1,089 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
1,104 
2,511 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
- 
882 
Taxes and social security
29,478 
21,856 
Loans from directors
(9,111)
(18,031)
20,367 
4,707 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
- 6 -