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REGISTERED NUMBER: 10777375 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

OSM CONSTRUCTION LTD

OSM CONSTRUCTION LTD (REGISTERED NUMBER: 10777375)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


OSM CONSTRUCTION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: D P Whittaker
J R Whittaker





REGISTERED OFFICE: Batworth Barn
Crossbush Lane
Crossbush
West Sussex
BN18 9PQ





REGISTERED NUMBER: 10777375 (England and Wales)





ACCOUNTANTS: Galloways Accounting
First Floor
Ridgeland House
15 Carfax
Horsham
West Sussex
RH12 1DY

OSM CONSTRUCTION LTD (REGISTERED NUMBER: 10777375)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,944 45,283

CURRENT ASSETS
Debtors 5 170,421 310,502
Cash at bank and in hand 589,578 167,991
759,999 478,493
CREDITORS
Amounts falling due within one year 6 562,060 385,174
NET CURRENT ASSETS 197,939 93,319
TOTAL ASSETS LESS CURRENT
LIABILITIES

238,883

138,602

CREDITORS
Amounts falling due after more than one year 7 (18,207 ) (28,268 )

PROVISIONS FOR LIABILITIES (5,900 ) (11,321 )
NET ASSETS 214,776 99,013

CAPITAL AND RESERVES
Called up share capital 8 3,750 3,750
Capital redemption reserve 6,251 6,251
Retained earnings 204,775 89,012
SHAREHOLDERS' FUNDS 214,776 99,013

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

OSM CONSTRUCTION LTD (REGISTERED NUMBER: 10777375)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 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 8 April 2024 and were signed on its behalf by:





D P Whittaker - Director


OSM CONSTRUCTION LTD (REGISTERED NUMBER: 10777375)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

OSM Construction Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 - 20% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual
provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial instruments are initially recognised at the transaction price and are subsequently measured at
amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Other financial instruments, including derivatives, are initially recognised at fair value, which is normally the
transaction price and are subsequently carried at fair value, with adjustments through the profit or loss.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

OSM CONSTRUCTION LTD (REGISTERED NUMBER: 10777375)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 October 2022 78,446 3,014 7,152 88,612
Additions 22,341 - - 22,341
Disposals (23,390 ) - - (23,390 )
At 30 September 2023 77,397 3,014 7,152 87,563
DEPRECIATION
At 1 October 2022 35,139 2,713 5,477 43,329
Charge for year 12,978 301 1,000 14,279
Eliminated on disposal (10,989 ) - - (10,989 )
At 30 September 2023 37,128 3,014 6,477 46,619
NET BOOK VALUE
At 30 September 2023 40,269 - 675 40,944
At 30 September 2022 43,307 301 1,675 45,283

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 60,048 172,918
Other debtors 108,335 136,620
Prepayments and accrued income 2,038 964
170,421 310,502

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 10,057 9,808
Trade creditors 14,207 59,212
Tax 45,156 22,718
Social security and other taxes 2,395 39,638
Other creditors 53,838 110,435
Directors' current accounts 99,562 141,810
Accruals and deferred income 336,845 1,553
562,060 385,174

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.23 30.9.22
£    £   
Bounceback loan > 1 yr 18,207 28,268

OSM CONSTRUCTION LTD (REGISTERED NUMBER: 10777375)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
1,875 Ordinary A Shares £1 1,875 1,875
1,875 Ordinary B Shares £1 1,875 1,875
3,750 3,750