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REGISTERED NUMBER: 07608623 (England and Wales)















Unaudited Financial Statements for the Year Ended 5 April 2024

for

Osmech Pipework Ltd

Osmech Pipework Ltd (Registered number: 07608623)






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Osmech Pipework Ltd

Company Information
for the Year Ended 5 April 2024







DIRECTOR: J F Hinsley





REGISTERED OFFICE: 29 Creek Road
Hayling Island
Hampshire
PO11 9QZ





REGISTERED NUMBER: 07608623 (England and Wales)





ACCOUNTANTS: Moss & Co (Direct Accounts) Limited
Rapley House
29 Creek Road
Hayling Island
Hampshire
PO11 9QZ

Osmech Pipework Ltd (Registered number: 07608623)

Balance Sheet
5 April 2024

5.4.24 5.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,356 12,944

CURRENT ASSETS
Debtors 5 17,583 13,965
Cash at bank 27,387 37,467
44,970 51,432
CREDITORS
Amounts falling due within one year 6 1,861 1,744
NET CURRENT ASSETS 43,109 49,688
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,465

62,632

CREDITORS
Amounts falling due after more than
one year

7

(6,000

)

(8,000

)

PROVISIONS FOR LIABILITIES (1,968 ) (2,459 )
NET ASSETS 45,497 52,173

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 45,496 52,172
SHAREHOLDERS' FUNDS 45,497 52,173

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Osmech Pipework Ltd (Registered number: 07608623)

Balance Sheet - continued
5 April 2024


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 2 August 2024 and were signed by:





J F Hinsley - Director


Osmech Pipework Ltd (Registered number: 07608623)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. STATUTORY INFORMATION

Osmech Pipework 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.

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 reducing balance
Fixtures & equipment - 20% on reducing balance
Motor vans - 20% on reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Osmech Pipework Ltd (Registered number: 07608623)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

4. TANGIBLE FIXED ASSETS
Plant and Fixtures Motor
machinery & equipment vans Totals
£    £    £    £   
COST
At 6 April 2023
and 5 April 2024 290 5,516 22,362 28,168
DEPRECIATION
At 6 April 2023 58 4,254 10,912 15,224
Charge for year 46 252 2,290 2,588
At 5 April 2024 104 4,506 13,202 17,812
NET BOOK VALUE
At 5 April 2024 186 1,010 9,160 10,356
At 5 April 2023 232 1,262 11,450 12,944

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Trade debtors 1,980 -
Other debtors 15,603 13,965
17,583 13,965

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Taxation and social security 361 -
Other creditors 1,500 1,744
1,861 1,744

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
5.4.24 5.4.23
£    £   
Bank loans 6,000 8,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,000 8,000

Osmech Pipework Ltd (Registered number: 07608623)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 5.4.24 5.4.23
value: £    £   
1 Ordinary £1 1 1

9. RESERVES
Retained
earnings
£   

At 6 April 2023 52,172
Profit for the year 824
Dividends (7,500 )
At 5 April 2024 45,496

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 5 April 2024 and 5 April 2023:

5.4.24 5.4.23
£    £   
J F Hinsley
Balance outstanding at start of year - -
Amounts advanced 2,047 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,047 -

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J F Hinsley.

Osmech Pipework Ltd

Report of the Accountants to the Director of
Osmech Pipework Ltd

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 Balance Sheet. 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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 5 April 2024 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Moss & Co (Direct Accounts) Limited
Rapley House
29 Creek Road
Hayling Island
Hampshire
PO11 9QZ


2 August 2024