2022-09-082023-09-302023-09-30false14345461OSP Construction and Joinery Limited2024-01-2943390iso4217:GBPxbrli:pure143454612022-09-08143454612023-09-30143454612022-09-082023-09-30143454612022-09-07143454612022-09-07143454612022-09-072022-09-0714345461bus:SmallEntities2022-09-082023-09-3014345461bus:AuditExempt-NoAccountantsReport2022-09-082023-09-3014345461bus:FullAccounts2022-09-082023-09-3014345461bus:PrivateLimitedCompanyLtd2022-09-082023-09-3014345461core:WithinOneYear2023-09-3014345461core:AfterOneYear2023-09-3014345461core:WithinOneYear2022-09-0714345461core:AfterOneYear2022-09-0714345461core:ShareCapital2023-09-3014345461core:SharePremium2023-09-3014345461core:RevaluationReserve2023-09-3014345461core:OtherReservesSubtotal2023-09-3014345461core:RetainedEarningsAccumulatedLosses2023-09-3014345461core:ShareCapital2022-09-0714345461core:SharePremium2022-09-0714345461core:RevaluationReserve2022-09-0714345461core:OtherReservesSubtotal2022-09-0714345461core:RetainedEarningsAccumulatedLosses2022-09-0714345461core:LandBuildings2023-09-3014345461core:PlantMachinery2023-09-3014345461core:Vehicles2023-09-3014345461core:FurnitureFittings2023-09-3014345461core:OfficeEquipment2023-09-3014345461core:NetGoodwill2023-09-3014345461core:IntangibleAssetsOtherThanGoodwill2023-09-3014345461core:ListedExchangeTraded2023-09-3014345461core:UnlistedNon-exchangeTraded2023-09-3014345461core:LandBuildings2022-09-0714345461core:PlantMachinery2022-09-0714345461core:Vehicles2022-09-0714345461core:FurnitureFittings2022-09-0714345461core:OfficeEquipment2022-09-0714345461core:NetGoodwill2022-09-0714345461core:IntangibleAssetsOtherThanGoodwill2022-09-0714345461core:ListedExchangeTraded2022-09-0714345461core:UnlistedNon-exchangeTraded2022-09-0714345461core:LandBuildings2022-09-082023-09-3014345461core:PlantMachinery2022-09-082023-09-3014345461core:Vehicles2022-09-082023-09-3014345461core:FurnitureFittings2022-09-082023-09-3014345461core:OfficeEquipment2022-09-082023-09-3014345461core:NetGoodwill2022-09-082023-09-3014345461core:IntangibleAssetsOtherThanGoodwill2022-09-082023-09-3014345461core:ListedExchangeTraded2022-09-082023-09-3014345461core:UnlistedNon-exchangeTraded2022-09-082023-09-3014345461core:MoreThanFiveYears2022-09-082023-09-3014345461core:Non-currentFinancialInstruments2023-09-3014345461core:Non-currentFinancialInstruments2022-09-0714345461dpl:CostSales2022-09-082023-09-3014345461dpl:DistributionCosts2022-09-082023-09-3014345461core:LandBuildings2022-09-082023-09-3014345461core:PlantMachinery2022-09-082023-09-3014345461core:Vehicles2022-09-082023-09-3014345461core:FurnitureFittings2022-09-082023-09-3014345461core:OfficeEquipment2022-09-082023-09-3014345461dpl:AdministrativeExpenses2022-09-082023-09-3014345461core:NetGoodwill2022-09-082023-09-3014345461core:IntangibleAssetsOtherThanGoodwill2022-09-082023-09-3014345461dpl:GroupUndertakings2022-09-082023-09-3014345461dpl:ParticipatingInterests2022-09-082023-09-3014345461dpl:GroupUndertakingscore:ListedExchangeTraded2022-09-082023-09-3014345461core:ListedExchangeTraded2022-09-082023-09-3014345461dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-09-082023-09-3014345461core:UnlistedNon-exchangeTraded2022-09-082023-09-3014345461dpl:CostSales2022-09-072022-09-0714345461dpl:DistributionCosts2022-09-072022-09-0714345461core:LandBuildings2022-09-072022-09-0714345461core:PlantMachinery2022-09-072022-09-0714345461core:Vehicles2022-09-072022-09-0714345461core:FurnitureFittings2022-09-072022-09-0714345461core:OfficeEquipment2022-09-072022-09-0714345461dpl:AdministrativeExpenses2022-09-072022-09-0714345461core:NetGoodwill2022-09-072022-09-0714345461core:IntangibleAssetsOtherThanGoodwill2022-09-072022-09-0714345461dpl:GroupUndertakings2022-09-072022-09-0714345461dpl:ParticipatingInterests2022-09-072022-09-0714345461dpl:GroupUndertakingscore:ListedExchangeTraded2022-09-072022-09-0714345461core:ListedExchangeTraded2022-09-072022-09-0714345461dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-09-072022-09-0714345461core:UnlistedNon-exchangeTraded2022-09-072022-09-0714345461core:NetGoodwill2023-09-3014345461core:IntangibleAssetsOtherThanGoodwill2023-09-3014345461core:LandBuildings2023-09-3014345461core:PlantMachinery2023-09-3014345461core:Vehicles2023-09-3014345461core:FurnitureFittings2023-09-3014345461core:OfficeEquipment2023-09-3014345461core:AfterOneYear2023-09-3014345461core:WithinOneYear2023-09-3014345461core:ListedExchangeTraded2023-09-3014345461core:UnlistedNon-exchangeTraded2023-09-3014345461core:ShareCapital2023-09-3014345461core:SharePremium2023-09-3014345461core:RevaluationReserve2023-09-3014345461core:OtherReservesSubtotal2023-09-3014345461core:RetainedEarningsAccumulatedLosses2023-09-3014345461core:NetGoodwill2022-09-0714345461core:IntangibleAssetsOtherThanGoodwill2022-09-0714345461core:LandBuildings2022-09-0714345461core:PlantMachinery2022-09-0714345461core:Vehicles2022-09-0714345461core:FurnitureFittings2022-09-0714345461core:OfficeEquipment2022-09-0714345461core:AfterOneYear2022-09-0714345461core:WithinOneYear2022-09-0714345461core:ListedExchangeTraded2022-09-0714345461core:UnlistedNon-exchangeTraded2022-09-0714345461core:ShareCapital2022-09-0714345461core:SharePremium2022-09-0714345461core:RevaluationReserve2022-09-0714345461core:OtherReservesSubtotal2022-09-0714345461core:RetainedEarningsAccumulatedLosses2022-09-0714345461core:NetGoodwill2022-09-0714345461core:IntangibleAssetsOtherThanGoodwill2022-09-0714345461core:LandBuildings2022-09-0714345461core:PlantMachinery2022-09-0714345461core:Vehicles2022-09-0714345461core:FurnitureFittings2022-09-0714345461core:OfficeEquipment2022-09-0714345461core:AfterOneYear2022-09-0714345461core:WithinOneYear2022-09-0714345461core:ListedExchangeTraded2022-09-0714345461core:UnlistedNon-exchangeTraded2022-09-0714345461core:ShareCapital2022-09-0714345461core:SharePremium2022-09-0714345461core:RevaluationReserve2022-09-0714345461core:OtherReservesSubtotal2022-09-0714345461core:RetainedEarningsAccumulatedLosses2022-09-0714345461core:AfterOneYear2022-09-082023-09-3014345461core:WithinOneYear2022-09-082023-09-3014345461core:Non-currentFinancialInstrumentscore:CostValuation2022-09-082023-09-3014345461core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-09-082023-09-3014345461core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-09-082023-09-3014345461core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-09-082023-09-3014345461core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-09-082023-09-3014345461core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-09-082023-09-3014345461core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-09-082023-09-3014345461core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-09-082023-09-3014345461core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-09-082023-09-3014345461core:Non-currentFinancialInstrumentscore:CostValuation2023-09-3014345461core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-09-3014345461core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-09-3014345461core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-09-3014345461core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-09-3014345461core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-09-3014345461core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-09-3014345461core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-09-3014345461core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-09-3014345461core:Non-currentFinancialInstrumentscore:CostValuation2022-09-0714345461core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-09-0714345461core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-09-0714345461core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-09-0714345461core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-09-0714345461core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-09-0714345461core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-09-0714345461core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-09-0714345461core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-09-0714345461bus:Director12022-09-082023-09-30

OSP Construction and Joinery Limited

Registered Number
14345461
(England and Wales)

Unaudited Financial Statements for the Period ended
30 September 2023

OSP Construction and Joinery Limited
Company Information
for the period from 8 September 2022 to 30 September 2023

Director

Christopher James Souter

Registered Address

6 County Business Park
Darlington Road
Northallerton
DL6 2NQ

Registered Number

14345461 (England and Wales)
OSP Construction and Joinery Limited
Statement of Financial Position
30 September 2023

Notes

2023

£

£

Fixed assets
Tangible assets535,400
35,400
Current assets
Debtors7152,040
Cash at bank and on hand224,449
376,489
Creditors amounts falling due within one year8(243,970)
Net current assets (liabilities)132,519
Total assets less current liabilities167,919
Provisions for liabilities9(8,850)
Net assets159,069
Capital and reserves
Called up share capital1
Profit and loss account159,068
Shareholders' funds159,069
The financial statements were approved and authorised for issue by the Director on 29 January 2024, and are signed on its behalf by:
Christopher James Souter
Director
Registered Company No. 14345461
OSP Construction and Joinery Limited
Notes to the Financial Statements
for the period ended 30 September 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The company was incorporated on 8 September 2022 and commenced trading 14 October 2022.
2.Basis of measurement used in financial statements
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
3.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Vehicles20
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Valuation of financial instruments policy
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
4.Employee information

2023
Average number of employees during the year1
5.Property, plant and equipment

Vehicles

Total

££
Cost or valuation
Additions36,00036,000
At 30 September 2336,00036,000
Depreciation and impairment
Charge for year600600
At 30 September 23600600
Net book value
At 30 September 2335,40035,400
At 07 September 22--
6.Description of nature of transactions and balances with related parties
Included in other creditors is a loan from the director. The loan is interest free with no set terms for repayment.
7.Debtors

2023

£
Trade debtors / trade receivables152,040
Total152,040
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Creditors within one year

2023

£
Trade creditors / trade payables164,570
Taxation and social security69,944
Other creditors8,152
Accrued liabilities and deferred income1,304
Total243,970
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
9.Provisions for liabilities

2023

£
Net deferred tax liability (asset)8,850
Total8,850