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Company Registration No. 06536073 (England and Wales)
Osmosis Promotional Products Limited Unaudited accounts for the year ended 31 March 2023
Osmosis Promotional Products Limited Unaudited accounts Contents
Page
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Osmosis Promotional Products Limited Company Information for the year ended 31 March 2023
Director
Mr S Scop
Company Number
06536073 (England and Wales)
Registered Office
152 Coles Green Road London NW2 7HD England
Accountants
Jacobs & Company 152 Coles Green Road London NW2 7HD
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Osmosis Promotional Products Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
71,786 
84,718 
Investments
213,923 
254,362 
285,709 
339,080 
Current assets
Inventories
2,517 
15,532 
Debtors
177,790 
136,453 
Cash at bank and in hand
85,070 
32,799 
265,377 
184,784 
Creditors: amounts falling due within one year
(441,045)
(436,958)
Net current liabilities
(175,668)
(252,174)
Total assets less current liabilities
110,041 
86,906 
Creditors: amounts falling due after more than one year
(10,000)
(10,000)
Provisions for liabilities
Deferred tax
(7,465)
(9,167)
Net assets
92,576 
67,739 
Capital and reserves
Called up share capital
20 
20 
Profit and loss account
92,556 
67,719 
Shareholders' funds
92,576 
67,739 
For the year ending 31 March 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 20 November 2023 and were signed on its behalf by
Mr S Scop Director Company Registration No. 06536073
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Osmosis Promotional Products Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Osmosis Promotional Products Limited is a private company, limited by shares, registered in England and Wales, registration number 06536073. The registered office is 152 Coles Green Road, London, NW2 7HD, England.
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.
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.
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:
Land & buildings
over the life of the lease
Plant & machinery
20%- 33% on straight line basis
Motor vehicles
over 5 years on straight line basis
Income recognition
Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Investments
Investments in shares are included at fair value.
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Osmosis Promotional Products Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
58,602 
55,034 
21,909 
135,545 
Additions
- 
2,227 
- 
2,227 
At 31 March 2023
58,602 
57,261 
21,909 
137,772 
Depreciation
At 1 April 2022
11,231 
39,132 
464 
50,827 
Charge for the year
5,860 
6,517 
2,782 
15,159 
At 31 March 2023
17,091 
45,649 
3,246 
65,986 
Net book value
At 31 March 2023
41,511 
11,612 
18,663 
71,786 
At 31 March 2022
47,371 
15,902 
21,445 
84,718 
5
Investments
Subsidiary undertakings 
Other investments 
Total 
£ 
£ 
£ 
Valuation at 1 April 2022
159,548 
94,814 
254,362 
Additions
- 
111,468 
111,468 
Fair value adjustments
(151,907)
- 
(151,907)
Valuation at 31 March 2023
7,641 
206,282 
213,923 
Investments comprise: In-Car Promotions Limited UK company - 100% shareholding - dormant Pulstar Dataprint Limited UK company - 100% shareholding - promotional & printing Osmosis Properties Ltd - 100% shareholding - property investment
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
16,772 
Trade debtors
176,495 
109,426 
Amounts due from group undertakings etc.
- 
7,354 
Accrued income and prepayments
45 
1,651 
Other debtors
1,250 
1,250 
177,790 
136,453 
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Osmosis Promotional Products Limited Notes to the Accounts for the year ended 31 March 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
42,234 
- 
Trade creditors
46,811 
18,530 
Amounts owed to group undertakings and other participating interests
244,093 
280,838 
Taxes and social security
15,192 
659 
Other creditors
11,436 
272 
Loans from directors
79,330 
134,742 
Accruals
1,949 
1,917 
441,045 
436,958 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
10,000 
10,000 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
20 Ordinary shares of £1 each
20 
20 
10
Contingent liabilities
The company is a party to a cross-guarantee in favour of HSBC Bank plc in respect of borrowings by Osmosis Properties Ltd, Replay Promotions Limited and the company.
11
Transactions with related parties
The following balances existed with related companies at 31 March 2023 An amount of £537 was due to Pulstar Dataprint Limited, a subsidiary (2022:£113,964). An amount of £488 was due to Osmosis Properties Ltd, a subsidiary (2022: £7,354 from). The company paid rent of £79,500 to Osmosis Properties Ltd in the year (2022:£79,500). An amount of £243,069 was due to Replay Promotions Ltd (2022:£166,873). The director Mr S Scop is a director and shareholder of Replay Promotions Ltd. Osmosis charged Replay Promotions Ltd an amount of £54,000 (2023:£54,000) for management fees and share of office costs in the year.
12
Average number of employees
During the year the average number of employees was 6 (2022: 6).
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