Caseware UK (AP4) 2023.0.135 2023.0.135 66falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01falseThe principal activity of the company in the year under review was recruitment and consulting services in Projectand Programme Management, PMO, SAP for global enterprises and IT Support for small and mediumenterprises.truetrue 03954468 2023-01-01 2023-12-31 03954468 2022-01-01 2022-12-31 03954468 2023-12-31 03954468 2022-12-31 03954468 c:Director1 2023-01-01 2023-12-31 03954468 d:FurnitureFittings 2023-01-01 2023-12-31 03954468 d:FurnitureFittings 2023-12-31 03954468 d:FurnitureFittings 2022-12-31 03954468 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03954468 d:OfficeEquipment 2023-01-01 2023-12-31 03954468 d:OfficeEquipment 2023-12-31 03954468 d:OfficeEquipment 2022-12-31 03954468 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03954468 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03954468 d:CurrentFinancialInstruments 2023-12-31 03954468 d:CurrentFinancialInstruments 2022-12-31 03954468 d:Non-currentFinancialInstruments 2023-12-31 03954468 d:Non-currentFinancialInstruments 2022-12-31 03954468 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03954468 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03954468 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 03954468 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 03954468 d:ShareCapital 2023-12-31 03954468 d:ShareCapital 2022-12-31 03954468 d:SharePremium 2023-01-01 2023-12-31 03954468 d:SharePremium 2023-12-31 03954468 d:SharePremium 2022-12-31 03954468 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 03954468 d:RetainedEarningsAccumulatedLosses 2023-12-31 03954468 d:RetainedEarningsAccumulatedLosses 2022-12-31 03954468 c:OrdinaryShareClass1 2023-01-01 2023-12-31 03954468 c:OrdinaryShareClass1 2023-12-31 03954468 c:OrdinaryShareClass1 2022-12-31 03954468 c:OrdinaryShareClass2 2023-01-01 2023-12-31 03954468 c:OrdinaryShareClass2 2023-12-31 03954468 c:OrdinaryShareClass2 2022-12-31 03954468 c:FRS102 2023-01-01 2023-12-31 03954468 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 03954468 c:FullAccounts 2023-01-01 2023-12-31 03954468 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03954468 2 2023-01-01 2023-12-31 03954468 3 2023-01-01 2023-12-31 03954468 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03954468










Osirian Consulting Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 December 2023

 
Osirian Consulting Limited
 

Contents



Page
Accountants' report
 
 
1
Balance sheet
 
 
2 - 3
Notes to the financial statements
 
 
4 - 10


 
Osirian Consulting Limited
 
  
Chartered accountants' report to the director on the preparation of the unaudited statutory financial statements of Osirian Consulting Limited for the year ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Osirian Consulting Limited for the year ended 31 December 2023 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Osirian Consulting Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Osirian Consulting Limited and state those matters that we have agreed to state to the director of Osirian Consulting Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Osirian Consulting Limited and its director for our work or for this report. 

It is your duty to ensure that Osirian Consulting 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 loss of Osirian Consulting Limited. You consider that Osirian Consulting Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Osirian Consulting 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.

  



Kreston Reeves LLP
Chartered Accountants
2nd Floor
168 Shoreditch High Street
London
E1 6RA
8 August 2024
Page 1

 
Osirian Consulting Limited
Registered number: 03954468

Balance sheet
As at 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,042
5,265

  
4,042
5,265

Current assets
  

Debtors: amounts falling due after more than one year
 5 
28,000
48,000

Debtors: amounts falling due within one year
 5 
613,587
772,791

Cash at bank and in hand
  
12,149
138,943

  
653,736
959,734

Creditors: amounts falling due within one year
 6 
(381,701)
(524,953)

Net current assets
  
 
 
272,035
 
 
434,781

Total assets less current liabilities
  
276,077
440,046

Creditors: amounts falling due after more than one year
 7 
(20,834)
(23,448)

  

Net assets
  
255,243
416,598


Capital and reserves
  

Called up share capital 
 8 
1,100
1,100

Share premium account
 9 
162,005
162,005

Profit and loss account
 9 
92,138
253,493

  
255,243
416,598


Page 2

 
Osirian Consulting Limited
Registered number: 03954468

Balance sheet (continued)
As at 31 December 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




C J Lapthorn
Director
Date: 7 August 2024

The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
Osirian Consulting Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

1.


General information

Osirian Consulting Limited (the company) is a private limited company incorporated and domiciled in England & Wales. The address of its registered office is 25 Underhill, Moulsford, Wallingford, South Oxon, OX10 9JH.
The principal activities of the company in the year under review was recruitment and consulting services in Project and Programme Management, Cyber, IT Support and IT Channel Sales.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
Osirian Consulting Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures & fittings
-
25%
reducing balance
Office equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
Osirian Consulting Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

2.Accounting policies (continued)

 
2.10

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.11

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

  
2.12

Pensions

Defined Contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations
The contributions are recognised as an expense in the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.13

Employee Benefit Trust

Payments by the company to Osirian Consulting Limited Employee Benefit Trust are accounted for in accordance with FRS 102

 
2.14

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.15

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.16

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 6

 
Osirian Consulting Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2022 - 6).


4.


Tangible fixed assets





Fixtures & fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
5,488
9,051
14,539


Additions
-
1,515
1,515



At 31 December 2023

5,488
10,566
16,054



Depreciation


At 1 January 2023
4,431
4,843
9,274


Charge for the year on owned assets
264
2,474
2,738



At 31 December 2023

4,695
7,317
12,012



Net book value



At 31 December 2023
793
3,249
4,042



At 31 December 2022
1,057
4,208
5,265

Page 7

 
Osirian Consulting Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

5.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
28,000
48,000


2023
2022
£
£

Due within one year

Trade debtors
342,570
475,904

Other debtors
188,417
190,134

Prepayments and accrued income
82,600
106,753

613,587
772,791



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
441
430

Bank loans
3,846
10,719

Trade creditors
90,021
86,557

Amounts owed to group undertakings
4,968
23,418

Corporation tax
-
22,240

Other taxation and social security
5,839
9,308

Other creditors
159,133
69,149

Accruals and deferred income
117,453
303,132

381,701
524,953



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
20,834
23,448


Page 8

 
Osirian Consulting Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



750 (2022 - 750) Ordinary 'A' shares of £1.00 each
750
750
350 (2022 - 350) Ordinary 'B' shares of £1.00 each
350
350

1,100

1,100



9.


Reserves

Share premium account

This represents the additional amount shareholders paid for their issued shares that was in excess of the par value of those shares

Profit & loss account

The profit and loss account comprises all current and prior period retained profits and losses.
Share capital
This represents the nominal value of shares that have been issued by the company.


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £2,661 (2022: £2,343). Contributions totalling £453 (2022: £824) were payable to the fund at the balance sheet date.


11.


Related party transactions

At the year end the balance due from C J Lapthorn was £120,000 (2022: £120,000) and is included in 'Other debtors' in Note 5 to these accounts.
During the year the company was charged £16,000 (2022: £16,000), in respect of rent, by the Colin Lapthorn Pension Trust, of whom C J Lapthorn, a director, is a Trustee.
During the year the company operated the Osirian Consulting Limited Employee Benefit Trust. The balance of £28,000 (2022: £48,000) is included in 'Other debtors' in Note 5 to these accounts. 
During the year the company loaned Osirian Group Limited, its parent company £128,450 (2022: £68,000) and was charged £12,000 (2022: £12,000) by Osirian Group Limited on commercial terms. An interim dividend of £100,000 (2022: £100,000) was paid during the year. 
The balance due to Osirian Group Limited at the year end was £4,968 (2022: £23,418) and is included within 'Creditors: amounts owed to group undertaking'. Interest of £1,558 (2022: £719) has been charged in relation to the loan.

Page 9

 
Osirian Consulting Limited
 

 
Notes to the financial statements
For the year ended 31 December 2023

12.


Controlling party

The company is under the control of Osirian Group Limited, its parent company.


Page 10