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REGISTERED NUMBER: 11073773 (England and Wales)










Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Ossimoro Ltd

Ossimoro Ltd (Registered number: 11073773)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ossimoro Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mr G Guido
Mrs A Nicolella





REGISTERED OFFICE: 49 Watergate Street
Chester
Cheshire
CH1 2LB





REGISTERED NUMBER: 11073773 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

Ossimoro Ltd (Registered number: 11073773)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 47,407 23,088

CURRENT ASSETS
Debtors 5 1,457 445
Cash at bank 173,270 191,010
174,727 191,455
CREDITORS
Amounts falling due within one year 6 49,547 43,622
NET CURRENT ASSETS 125,180 147,833
TOTAL ASSETS LESS CURRENT
LIABILITIES

172,587

170,921

CREDITORS
Amounts falling due after more than one
year

7

(22,481

)

-

PROVISIONS FOR LIABILITIES (3,622 ) (4,387 )
NET ASSETS 146,484 166,534

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 145,484 165,534
146,484 166,534

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

Ossimoro Ltd (Registered number: 11073773)

Balance Sheet - continued
29 February 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 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 31 May 2024 and were signed on its behalf by:





Mr G Guido - Director


Ossimoro Ltd (Registered number: 11073773)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Ossimoro 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.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

Turnover
Revenue 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Ossimoro Ltd (Registered number: 11073773)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 8 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Short Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 12,425 26,951 - 1,399 40,775
Additions - 444 34,568 1,749 36,761
At 29 February 2024 12,425 27,395 34,568 3,148 77,536
DEPRECIATION
At 1 March 2023 1,864 15,196 - 627 17,687
Charge for year 528 2,440 8,642 832 12,442
At 29 February 2024 2,392 17,636 8,642 1,459 30,129
NET BOOK VALUE
At 29 February 2024 10,033 9,759 25,926 1,689 47,407
At 28 February 2023 10,561 11,755 - 772 23,088

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 34,568
At 29 February 2024 34,568
DEPRECIATION
Charge for year 8,642
At 29 February 2024 8,642
NET BOOK VALUE
At 29 February 2024 25,926

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 1,457 445

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 3,372 -
Taxation and social security 45,071 42,516
Other creditors 1,104 1,106
49,547 43,622

Ossimoro Ltd (Registered number: 11073773)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 22,481 -

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £44,000 (2023 - £40,000) were paid to the directors .