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REGISTERED NUMBER: 08759509 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30TH NOVEMBER 2023

FOR

OSQA LIMITED

OSQA LIMITED (REGISTERED NUMBER: 08759509)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OSQA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTORS: P Talbot
Mrs T Talbot





REGISTERED OFFICE: 35 The Oaks
Burgess Hill
West Sussex
RH15 9XP





REGISTERED NUMBER: 08759509 (England and Wales)





ACCOUNTANTS: Peter Lawson & Co.
225 London Road
Burgess Hill
West Sussex
RH15 9QU

OSQA LIMITED (REGISTERED NUMBER: 08759509)

BALANCE SHEET
30TH NOVEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 5 3,631 8,632
Cash at bank 1,181 1,118
4,812 9,750
CREDITORS
Amounts falling due within one year 6 13,666 4,271
NET CURRENT (LIABILITIES)/ASSETS (8,854 ) 5,479
TOTAL ASSETS LESS CURRENT
LIABILITIES

(8,854

)

5,479

CREDITORS
Amounts falling due after more than one year 7 20,398 23,399
NET LIABILITIES (29,252 ) (17,920 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (29,254 ) (17,922 )
SHAREHOLDERS' FUNDS (29,252 ) (17,920 )

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

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

OSQA LIMITED (REGISTERED NUMBER: 08759509)

BALANCE SHEET - continued
30TH NOVEMBER 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 Board of Directors and authorised for issue on 26th July 2024 and were signed on its behalf by:




P Talbot - Director



Mrs T Talbot - Director


OSQA LIMITED (REGISTERED NUMBER: 08759509)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023

1. STATUTORY INFORMATION

Osqa 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.

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 - 33% on cost

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 (2022 - 1 ) .

OSQA LIMITED (REGISTERED NUMBER: 08759509)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st December 2022
and 30th November 2023 2,601
DEPRECIATION
At 1st December 2022
and 30th November 2023 2,601
NET BOOK VALUE
At 30th November 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 3,631 8,632

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 732
Taxation and social security - (1,620 )
Other creditors 13,666 5,159
13,666 4,271

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 20,398 23,399

8. CAPITAL COMMITMENTS
2023 2022
£    £   
Contracted but not provided for in the
financial statements - -

OSQA LIMITED (REGISTERED NUMBER: 08759509)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th November 2023 and 30th November 2022:

2023 2022
£    £   
Mrs T Talbot
Balance outstanding at start of year (109 ) 8,520
Amounts advanced 109 -
Amounts repaid - (8,629 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (109 )

P Talbot
Balance outstanding at start of year 5,001 10,501
Amounts repaid (5,001 ) (5,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 5,001

10. ULTIMATE CONTROLLING PARTY

Mr P Talbot & Mrs T C Talbot control the company jointly.