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Company Registration No. 04712948 (England and Wales)
M.G. OSBORN LIMITED Unaudited accounts for the year ended 30 April 2023
M.G. OSBORN LIMITED Unaudited accounts Contents
Page
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M.G. OSBORN LIMITED Company Information for the year ended 30 April 2023
Director
Michael Osborn
Secretary
Gill Osborn
Company Number
04712948 (England and Wales)
Registered Office
2 SWIFT CLOSE UTTOXETER STAFFORDSHIRE ST14 8TT
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M.G. OSBORN LIMITED Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,438 
21,879 
Investments
38,776 
37,927 
55,214 
59,806 
Current assets
Inventories
15,428 
19,398 
Debtors
31,380 
42,100 
Cash at bank and in hand
96,264 
27,989 
143,072 
89,487 
Creditors: amounts falling due within one year
(52,645)
(46,637)
Net current assets
90,427 
42,850 
Total assets less current liabilities
145,641 
102,656 
Creditors: amounts falling due after more than one year
(9,666)
(15,770)
Provisions for liabilities
Deferred tax
(3,883)
- 
Net assets
132,092 
86,886 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
131,992 
86,786 
Shareholders' funds
132,092 
86,886 
For the year ending 30 April 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 29 January 2024 and were signed on its behalf by
Michael Osborn Director Company Registration No. 04712948
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M.G. OSBORN LIMITED Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
M.G. OSBORN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04712948. The registered office is 2 SWIFT CLOSE, UTTOXETER, STAFFORDSHIRE, ST14 8TT.
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:
Plant & machinery
15% reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 May 2022
7,241 
54,378 
458 
62,077 
At 30 April 2023
7,241 
54,378 
458 
62,077 
Depreciation
At 1 May 2022
6,957 
32,783 
458 
40,198 
Charge for the year
43 
5,398 
- 
5,441 
At 30 April 2023
7,000 
38,181 
458 
45,639 
Net book value
At 30 April 2023
241 
16,197 
- 
16,438 
At 30 April 2022
284 
21,595 
- 
21,879 
5
Investments
Other investments 
£ 
Valuation at 1 May 2022
37,927 
Additions
849 
Valuation at 30 April 2023
38,776 
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M.G. OSBORN LIMITED Notes to the Accounts for the year ended 30 April 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
30,569 
40,559 
Accrued income and prepayments
811 
1,541 
31,380 
42,100 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
4,935 
(5,570)
Obligations under finance leases and hire purchase contracts
6,104 
6,104 
Trade creditors
2,600 
12,400 
Taxes and social security
8,217 
1,280 
Other creditors
114 
151 
Loans from directors
30,675 
32,272 
52,645 
46,637 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
9,666 
15,770 
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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