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REGISTERED NUMBER: 08800118 (England and Wales)















MARTIN OSBORNE DESIGN SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






MARTIN OSBORNE DESIGN SERVICES LIMITED (REGISTERED NUMBER: 08800118)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5

Accountants' Report 6

MARTIN OSBORNE DESIGN SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: M A Osborne





REGISTERED OFFICE: 18 Northgate
Sleaford
Lincolnshire
NG34 7BJ





BUSINESS ADDRESS: Station House
Church Lane
Sleaford
Lincolnshire
NG34 7DF





REGISTERED NUMBER: 08800118 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
18 Northgate
Sleaford
Lincolnshire
NG34 7BJ

MARTIN OSBORNE DESIGN SERVICES LIMITED (REGISTERED NUMBER: 08800118)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 255,231 256,733

CURRENT ASSETS
Stocks 10,000 10,000
Debtors 5 271,676 255,649
Cash at bank 11,230 34,297
292,906 299,946
CREDITORS
Amounts falling due within one year 6 63,498 63,591
NET CURRENT ASSETS 229,408 236,355
TOTAL ASSETS LESS CURRENT LIABILITIES 484,639 493,088

CREDITORS
Amounts falling due after more than one year 7 (137,869 ) (166,599 )

PROVISIONS FOR LIABILITIES (5,386 ) (4,379 )
NET ASSETS 341,384 322,110

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 341,383 322,109
SHAREHOLDERS' FUNDS 341,384 322,110

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

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 director and authorised for issue on 8 August 2024 and were signed by:





M A Osborne - Director


MARTIN OSBORNE DESIGN SERVICES LIMITED (REGISTERED NUMBER: 08800118)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Martin Osborne Design Services 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.

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 etc - 15% on reducing balance

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

Stocks
Stocks are valued at the lower of cost, determined on a first in, first out basis, and fair value less costs to complete and sell after making due allowance for slow moving and obsolete items. Cost, in the case of products processed by the company, comprises direct materials and labour costs together with appropriate factory overheads.

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 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.

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 5 (2022 - 6 ) .

MARTIN OSBORNE DESIGN SERVICES LIMITED (REGISTERED NUMBER: 08800118)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 246,721 21,213 267,934
DEPRECIATION
At 1 January 2023 - 11,201 11,201
Charge for year - 1,502 1,502
At 31 December 2023 - 12,703 12,703
NET BOOK VALUE
At 31 December 2023 246,721 8,510 255,231
At 31 December 2022 246,721 10,012 256,733

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,800 -
Other debtors 269,876 255,649
271,676 255,649

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 30,013 23,326
Taxation and social security 30,674 37,668
Other creditors 2,811 2,597
63,498 63,591

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 137,869 166,599

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 66,718 90,057

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 167,882 189,925

The bank loans are secured by fixed and floating charges over all the property of the company.

MARTIN OSBORNE DESIGN SERVICES LIMITED (REGISTERED NUMBER: 08800118)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
M A Osborne
Balance outstanding at start of year 56,898 49,076
Amounts advanced 71,716 66,040
Amounts repaid (75,927 ) (58,218 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 52,687 56,898

The loan to the director is unsecured and repayable on demand. Interest on the overdrawn director's loan account has been provided at the official rate.

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MARTIN OSBORNE DESIGN SERVICES 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 Martin Osborne Design Services Limited for the year ended 31 December 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

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

It is your duty to ensure that Martin Osborne Design Services 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 Martin Osborne Design Services Limited. You consider that Martin Osborne Design Services 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 Martin Osborne Design Services 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.






Duncan & Toplis Limited
18 Northgate
Sleaford
Lincolnshire
NG34 7BJ


Date: .............................................