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REGISTERED NUMBER: 01218876 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

A T OSBORNE LIMITED

A T OSBORNE LIMITED (REGISTERED NUMBER: 01218876)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

A T OSBORNE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs J W Osborne
M Osborne





SECRETARY: Mrs J W Osborne





REGISTERED OFFICE: Wytchwood
Shelley Lane
Ower
ROMSEY
Hampshire
SO51 6ZL





REGISTERED NUMBER: 01218876 (England and Wales)





ACCOUNTANTS: R A Vowles & Co
Chartered Accountants
148 Commercial Road
Totton
Southampton
Hampshire
S040 3AA

A T OSBORNE LIMITED (REGISTERED NUMBER: 01218876)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,735 48,287

CURRENT ASSETS
Stocks 5 42,989 57,195
Debtors 6 55,220 34,989
Prepayments and accrued income 5,581 6,821
Cash in hand 413 74
104,203 99,079
CREDITORS
Amounts falling due within one year 7 243,106 216,932
NET CURRENT LIABILITIES (138,903 ) (117,853 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(92,168

)

(69,566

)

CREDITORS
Amounts falling due after more than one year 8 12,467 22,069
NET LIABILITIES (104,635 ) (91,635 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 (104,735 ) (91,735 )
SHAREHOLDERS' FUNDS (104,635 ) (91,635 )

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 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.

A T OSBORNE LIMITED (REGISTERED NUMBER: 01218876)

BALANCE SHEET - continued
31 DECEMBER 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 25 September 2024 and were signed on its behalf by:





M Osborne - Director


A T OSBORNE LIMITED (REGISTERED NUMBER: 01218876)

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

1. STATUTORY INFORMATION

A T Osborne 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 represents net invoiced sales of goods and services, excluding value added tax. Turnover is recognised when the goods are sold or the services completed. During the year the company exported goods to non EEC Countries amounting to £40,299 (2022 - NIL).

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold land & workshop - 2% on cost
Tools and equipment - 25% on reducing balance
Office equipment - 25% on reducing balance
Motor vehicles & show trailer - 25% on reducing balance

The directors are of the opinion that no further depreciation is necessary on the land. It was originally bought for £25,407 and was valued at £200,000 on 22 June 2022 by Howard A Smith a chartered surveyor.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

A T OSBORNE LIMITED (REGISTERED NUMBER: 01218876)

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

4. TANGIBLE FIXED ASSETS
Motor
Freehold vehicles
land & Tools and Office & show
workshop equipment equipment trailer Totals
£    £    £    £    £   
COST
At 1 January 2023
and 31 December 2023 90,233 6,523 16,425 19,107 132,288
DEPRECIATION
At 1 January 2023 42,971 6,424 16,372 18,234 84,001
Charge for year 1,296 25 13 218 1,552
At 31 December 2023 44,267 6,449 16,385 18,452 85,553
NET BOOK VALUE
At 31 December 2023 45,966 74 40 655 46,735
At 31 December 2022 47,262 99 53 873 48,287

5. STOCKS
2023 2022
£    £   
Stocks 42,989 57,195

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 23,155 13,314
Amounts owed by group undertakings 31,217 19,183
Other debtors 848 300
Directors' current accounts - 2,192
55,220 34,989

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 56,506 54,985
Trade creditors 56,424 59,172
Social security and other taxes 11,748 3,048
VAT 6,148 11,959
Other creditors 16,523 14,819
Directors' current accounts 95,757 72,949
243,106 216,932

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 9) 12,467 22,069

A T OSBORNE LIMITED (REGISTERED NUMBER: 01218876)

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

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 46,990 46,761
Bank loans 9,516 8,224
56,506 54,985

Amounts falling due between one and two years:
Bank loans - 1-2 years 8,443 8,136

Amounts falling due between two and five years:
Bank loans - 2-5 years 4,024 13,933

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 January 2023 (91,735 )
Deficit for the year (13,000 )
At 31 December 2023 (104,735 )

12. DIRECTORS' 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 Osborne
Balance outstanding at start of year 2,193 2,193
Amounts repaid (2,193 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 2,193

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
A T OSBORNE LIMITED

The following reproduces the text of the report prepared for the directors 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors 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 A T Osborne Limited for the year ended 31 December 2023 which comprise the Income Statement, 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of A T Osborne Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A T Osborne Limited and state those matters that we have agreed to state to the Board of Directors of A T Osborne Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A T Osborne Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that A T Osborne 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 A T Osborne Limited. You consider that A T Osborne 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 A T Osborne 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.

GOING CONCERN
The company's total liabilities exceeded its total assets at 31 December 2023 by £104,735 (2022 - £91,735. The company cannot pay its creditors as and when they fall due. These conditions indicate the existence of a material uncertainty which may cast significant doubt about the company's ability to continue as a going concern.






R A Vowles & Co
Chartered Accountants
148 Commercial Road
Totton
Southampton
Hampshire
S040 3AA


25 September 2024