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REGISTERED NUMBER: 13221716 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Osbourne Home Ltd

Osbourne Home Ltd (Registered number: 13221716)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Osbourne Home Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mrs L E Jackson
D P Crow





REGISTERED OFFICE: Mayfair House
46 Boulevard
Weston super Mare
BS23 1NF





REGISTERED NUMBER: 13221716 (England and Wales)





ACCOUNTANTS: Mayfair Business & Tax Consultancy Limited
Mayfair House
46 Boulevard
Weston super Mare
Somerset
BS23 1NF

Osbourne Home Ltd (Registered number: 13221716)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 261,690 52,599
Tangible assets 5 18,861 4,239
280,551 56,838

CURRENT ASSETS
Debtors 6 54,933 8,267
Cash at bank 500,679 1,247,640
555,612 1,255,907
CREDITORS
Amounts falling due within one year 7 264,952 226,755
NET CURRENT ASSETS 290,660 1,029,152
TOTAL ASSETS LESS CURRENT
LIABILITIES

571,211

1,085,990

CAPITAL AND RESERVES
Called up share capital 118 118
Share premium 1,219,982 1,219,982
Retained earnings (648,889 ) (134,110 )
571,211 1,085,990

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

Osbourne Home Ltd (Registered number: 13221716)

Balance Sheet - continued
28 February 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2023 and were signed on its behalf by:




D P Crow - Director



Mrs L E Jackson - Director


Osbourne Home Ltd (Registered number: 13221716)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Osbourne Home Ltd 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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Assets under construction are being amortised evenly over their estimated useful life, once the asset is complete.

Other intangible assets are being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Osbourne Home Ltd (Registered number: 13221716)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Assets Other
under intangible
construction assets Totals
£    £    £   
COST
At 1 March 2022 - 65,749 65,749
Additions 222,241 - 222,241
At 28 February 2023 222,241 65,749 287,990
AMORTISATION
At 1 March 2022 - 13,150 13,150
Amortisation for year - 13,150 13,150
At 28 February 2023 - 26,300 26,300
NET BOOK VALUE
At 28 February 2023 222,241 39,449 261,690
At 28 February 2022 - 52,599 52,599

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 4,830
Additions 16,782
At 28 February 2023 21,612
DEPRECIATION
At 1 March 2022 591
Charge for year 2,160
At 28 February 2023 2,751
NET BOOK VALUE
At 28 February 2023 18,861
At 28 February 2022 4,239

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 1,967 5,706
Other debtors 52,966 2,561
54,933 8,267

Osbourne Home Ltd (Registered number: 13221716)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 37,615 71,956
Taxation and social security 540 -
Other creditors 226,797 154,799
264,952 226,755