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REGISTERED NUMBER: 07306410 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

JPW Osprey Limited

JPW Osprey Limited (Registered number: 07306410)

Contents of the Financial Statements
for the Year Ended 31 May 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JPW Osprey Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: J P Wood
Mrs M L Wood





REGISTERED OFFICE: Osprey House
Guildford Road
Little Bookham
Surrey
KT23 4HB





REGISTERED NUMBER: 07306410 (England and Wales)





ACCOUNTANTS: OMB Accountants
Holmwood Farm
Horsham Road
Dorking
Surrey
RH5 4JR

JPW Osprey Limited (Registered number: 07306410)

Balance Sheet
31 May 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 17,941 22,474

CURRENT ASSETS
Stocks 12,344 15,056
Debtors 5 2,934,771 1,493,877
Cash at bank and in hand 238,800 1,094,767
3,185,915 2,603,700
CREDITORS
Amounts falling due within one year 6 (2,136,245 ) (1,416,855 )
NET CURRENT ASSETS 1,049,670 1,186,845
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,067,611

1,209,319

CREDITORS
Amounts falling due after more than one
year

7

(38,133

)

(44,265

)
NET ASSETS 1,029,478 1,165,054

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,029,378 1,164,954
SHAREHOLDERS' FUNDS 1,029,478 1,165,054

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

JPW Osprey Limited (Registered number: 07306410)

Balance Sheet - continued
31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by:





J P Wood - Director


JPW Osprey Limited (Registered number: 07306410)

Notes to the Financial Statements
for the Year Ended 31 May 2023


1. STATUTORY INFORMATION

JPW Osprey Limited 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.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Turnover recognised on contracts in excess of invoices raised is shown as amounts recoverable on contracts within Debtors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks & work in progress
Work in progress is stated at the lower of cost or net realisable value. Cost in bringing each project to its present condition is based on purchase cost including all expenses related to project. The company recognises income and profit on projects based on the stage of completeness once the outcome of the project can be seen with some certainty.

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

Relief is claimed for any overseas taxation payable under Double Taxation Agreements.


JPW Osprey Limited (Registered number: 07306410)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
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 average rate of exchange ruling during the period in which the transactions occurred. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 55,922
Additions 1,448
At 31 May 2023 57,370
DEPRECIATION
At 1 June 2022 33,448
Charge for year 5,981
At 31 May 2023 39,429
NET BOOK VALUE
At 31 May 2023 17,941
At 31 May 2022 22,474

JPW Osprey Limited (Registered number: 07306410)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 226,073 7,349
Other debtors 2,708,698 1,486,528
2,934,771 1,493,877

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,023,851 168,015
Taxation and social security 67,016 264,471
Other creditors 1,045,378 984,369
2,136,245 1,416,855

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 38,133 44,265

8. RELATED PARTY DISCLOSURES

Included within Debtors are interest free loans of £2,634,241 to other companies controlled by the directors. Included within Trade creditors is £840,000 owed to a company controlled by the directors. Included within Other creditors are interest free loans from the directors of £282,729.