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REGISTERED NUMBER: 13738627 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30th November 2023

for

Osmen Limited

Osmen Limited (Registered number: 13738627)






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


Osmen Limited

Company Information
for the Year Ended 30th November 2023







DIRECTOR: F L Lau





REGISTERED OFFICE: Permanent House
1 Dundas Street
Huddersfield
HD1 2EX





REGISTERED NUMBER: 13738627 (England and Wales)

Osmen Limited (Registered number: 13738627)

Balance Sheet
30th November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 32,000 36,000
Tangible assets 5 6,558 7,518
38,558 43,518

CURRENT ASSETS
Stocks 1,786 4,000
Debtors 6 925 32,623
Cash at bank and in hand 53,358 37,161
56,069 73,784
CREDITORS
Amounts falling due within one year 7 78,049 111,855
NET CURRENT LIABILITIES (21,980 ) (38,071 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,578

5,447

PROVISIONS FOR LIABILITIES 1,639 1,428
NET ASSETS 14,939 4,019

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 14,839 3,919
SHAREHOLDERS' FUNDS 14,939 4,019

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 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.

Osmen Limited (Registered number: 13738627)

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 director and authorised for issue on 23rd August 2024 and were signed by:





F L Lau - Director


Osmen Limited (Registered number: 13738627)

Notes to the Financial Statements
for the Year Ended 30th November 2023

1. STATUTORY INFORMATION

Osmen 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on Reducing Balance
Fixtures and fittings - 10% Straight Line Basis

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Osmen Limited (Registered number: 13738627)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st December 2022
and 30th November 2023 40,000
AMORTISATION
At 1st December 2022 4,000
Charge for year 4,000
At 30th November 2023 8,000
NET BOOK VALUE
At 30th November 2023 32,000
At 30th November 2022 36,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st December 2022
and 30th November 2023 8,568
DEPRECIATION
At 1st December 2022 1,050
Charge for year 960
At 30th November 2023 2,010
NET BOOK VALUE
At 30th November 2023 6,558
At 30th November 2022 7,518

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 925 32,623

Osmen Limited (Registered number: 13738627)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts - 2,146
Trade creditors 20,723 11,668
Taxation and social security 29,720 20,265
Other creditors 27,606 77,776
78,049 111,855

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100