OSIDGE CONSTRUCTION MANAGEMENT LTD
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Company registration number 05382812
Date
Approval date of the accounts by the board 01/08/2024
Date
Date of signing on the audit/accountants report 01/08/2024
Date of engagement letter (required for Date
CA and ACCA reports) 03/07/2006
Person signing directors' report:
Name of director Dr Hamid Ahmadi
Or, name of secretary
Name of director signing balance sheet Dr Hamid Ahmadi
Address of registered office:
Address line 1 96 Osidge Lane
Address line 2
City or town East Barnet
County or region Herts
Postcode N14 5JG
Name of senior statutory auditor
Name of auditors/accountants Parkside
Type of firm (eg Chartered Accountants) Accountants
Address of auditors/accountants
Address line 1 34 Birch Grove
Address line 2
City or town Potters Bar
County or region Herts
Postcode EN6 1SY
Prior year adjustments (+ for a gain; - for a loss) £
Correction of prior year errors
Effect of retrospective changes in accounting policies
More info on prior year adjustments
Number Number
Average number of persons employed by the company 3 2
Freehold land & buildings if
revalued amounts shown in trial balance: £ £
historical cost
cumulative depreciation based on cost
£ £
Amounts due after more than one year included in debtors
Amounts included in creditors falling due for payment
after more than five years: £ £
Payable otherwise than by installment
Payable by installment
£ £
Secured bank loans included in creditors
Capital commitments: £ £
contracted
Total future payments due under non-cancellable £ £
operating leases
OSIDGE CONSTRUCTION MANAGEMENT LTD
Registered number: 05382812
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,315 1,644
Current assets
Cash at bank and in hand 370,579 399,949
Creditors: amounts falling due within one year 4 (3,633) (29,900)
Net current assets 366,946 370,049
Total assets less current liabilities 368,261 371,693
Creditors: amounts falling due after more than one year 5 (48,062) (862)
Net assets 320,199 370,831
Capital and reserves
Called up share capital 200 200
Profit and loss account 319,999 370,631
Shareholders' funds 320,199 370,831
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr Hamid Ahmadi
Director
Approved by the board on 1 August 2024
OSIDGE CONSTRUCTION MANAGEMENT LTD
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Fixtures, fittings, tools and equipment 20% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 9,765
At 31 March 2024 9,765
Depreciation
At 1 April 2023 8,121
Charge for the year 329
At 31 March 2024 8,450
Net book value
At 31 March 2024 1,315
At 31 March 2023 1,644
4 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 2,270 21,801
Other taxes and social security costs - 6,601
Other creditors 1,363 1,498
3,633 29,900
5 Creditors: amounts falling due after one year 2024 2023
£ £
Loans from Directors 48,062 862
6 Other information
OSIDGE CONSTRUCTION MANAGEMENT LTD is a private company limited by shares and incorporated in England. Its registered office is:
96 Osidge Lane
East Barnet
Herts
N14 5JG
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