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
M.G. OSBORN LIMITED
Company Information
for the year ended 30 April 2023
Company Number
04712948 (England and Wales)
Registered Office
2 SWIFT CLOSE
UTTOXETER
STAFFORDSHIRE
ST14 8TT
M.G. OSBORN LIMITED
Statement of financial position
as at 30 April 2023
Tangible assets
16,438
21,879
Cash at bank and in hand
96,264
27,989
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
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
M.G. OSBORN LIMITED
Notes to the Accounts
for the year ended 30 April 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
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
Valuation at 30 April 2023
38,776
M.G. OSBORN LIMITED
Notes to the Accounts
for the year ended 30 April 2023
Amounts falling due within one year
Trade debtors
30,569
40,559
Accrued income and prepayments
811
1,541
7
Creditors: amounts falling due within one year
2023
2022
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
Loans from directors
30,675
32,272
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).