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REGISTERED NUMBER: 03114420 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Osco Limited

Osco Limited (Registered number: 03114420)






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




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Osco Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: W Battrick





SECRETARY: M Battrick





REGISTERED OFFICE: Unit 25 Chancery Gate
5 Goulds Close
Milton Keynes
Buckinghamshire
MK1 1EQ





REGISTERED NUMBER: 03114420 (England and Wales)





ACCOUNTANTS: Haines Watts (Berkhamsted) Limited
4 Claridge Court
Lower Kings Road
Berkhamsted
Hertfordshire
HP4 2AF

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Osco Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Osco Limited for the year ended 31 August 2023 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Osco Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Osco Limited and state those matters that we have agreed to state to the director of Osco Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Osco Limited and its director for our work or for this report.

It is your duty to ensure that Osco Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Osco Limited. You consider that Osco Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Osco Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts (Berkhamsted) Limited
4 Claridge Court
Lower Kings Road
Berkhamsted
Hertfordshire
HP4 2AF


8 January 2024

Osco Limited (Registered number: 03114420)

Statement of Financial Position
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 123,285 125,521

CURRENT ASSETS
Stocks 308,507 251,379
Debtors 5 423,957 396,046
Cash at bank 1,026,279 735,002
1,758,743 1,382,427
CREDITORS
Amounts falling due within one year 6 455,291 424,386
NET CURRENT ASSETS 1,303,452 958,041
TOTAL ASSETS LESS CURRENT LIABILITIES 1,426,737 1,083,562

CREDITORS
Amounts falling due after more than one
year

7

20,833

30,833
NET ASSETS 1,405,904 1,052,729

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 9 1,405,854 1,052,679
SHAREHOLDERS' FUNDS 1,405,904 1,052,729

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Osco Limited (Registered number: 03114420)

Statement of Financial Position - continued
31 August 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 January 2024 and were signed by:





W Battrick - Director


Osco Limited (Registered number: 03114420)

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

1. STATUTORY INFORMATION

Osco 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.

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% straight line
Fixtures and fittings - 20% straight line

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Osco Limited (Registered number: 03114420)

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

2. ACCOUNTING POLICIES - continued

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 7 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 September 2022 165,477 66,033 24,528 256,038
Additions 8,049 22,994 2,286 33,329
At 31 August 2023 173,526 89,027 26,814 289,367
DEPRECIATION
At 1 September 2022 61,297 57,552 11,668 130,517
Charge for year 24,697 5,782 5,086 35,565
At 31 August 2023 85,994 63,334 16,754 166,082
NET BOOK VALUE
At 31 August 2023 87,532 25,693 10,060 123,285
At 31 August 2022 104,180 8,481 12,860 125,521

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 389,742 327,116
Other debtors 34,215 68,930
423,957 396,046

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 245,412 318,868
Taxation and social security 193,989 70,601
Other creditors 5,890 24,917
455,291 424,386

Osco Limited (Registered number: 03114420)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans 20,833 30,833

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.8.23 31.8.22
£    £   
Within one year 37,873 37,873
Between one and five years 160,960 9,468
198,833 47,341

9. RESERVES
Retained
earnings
£   

At 1 September 2022 1,052,679
Profit for the year 353,175
At 31 August 2023 1,405,854