4 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 09697411 2023-01-01 2023-12-31 09697411 2023-12-31 09697411 2022-12-31 09697411 2022-01-01 2022-12-31 09697411 2022-12-31 09697411 2021-12-31 09697411 core:LandBuildings core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09697411 core:FurnitureFittings 2023-01-01 2023-12-31 09697411 core:MotorVehicles 2023-01-01 2023-12-31 09697411 bus:Director1 2023-01-01 2023-12-31 09697411 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-31 09697411 core:FurnitureFittings 2022-12-31 09697411 core:MotorVehicles 2022-12-31 09697411 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-31 09697411 core:FurnitureFittings 2023-12-31 09697411 core:MotorVehicles 2023-12-31 09697411 core:WithinOneYear 2023-12-31 09697411 core:WithinOneYear 2022-12-31 09697411 core:ShareCapital 2023-12-31 09697411 core:ShareCapital 2022-12-31 09697411 core:RetainedEarningsAccumulatedLosses 2023-12-31 09697411 core:RetainedEarningsAccumulatedLosses 2022-12-31 09697411 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-31 09697411 core:FurnitureFittings 2022-12-31 09697411 core:MotorVehicles 2022-12-31 09697411 bus:SmallEntities 2023-01-01 2023-12-31 09697411 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 09697411 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09697411 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09697411 bus:FullAccounts 2023-01-01 2023-12-31 09697411 core:OfficeEquipment 2023-01-01 2023-12-31 09697411 core:OfficeEquipment 2022-12-31 09697411 core:OfficeEquipment 2023-12-31
COMPANY REGISTRATION NUMBER: 09697411
Osborne Equine Services Limited
Filleted Unaudited Financial Statements
For the year ended
31 December 2023
Osborne Equine Services Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
63,755
70,258
Current assets
Stocks
179,981
120,712
Debtors
6
116,473
24,174
Cash at bank and in hand
228,232
585,145
---------
---------
524,686
730,031
Creditors: amounts falling due within one year
7
459,952
301,591
---------
---------
Net current assets
64,734
428,440
---------
---------
Total assets less current liabilities
128,489
498,698
Provisions
Taxation including deferred tax
10,421
11,347
---------
---------
Net assets
118,068
487,351
---------
---------
Capital and reserves
Called up share capital
140
140
Profit and loss account
117,928
487,211
---------
---------
Shareholders funds
118,068
487,351
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Osborne Equine Services Limited
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 10 October 2024 , and are signed on behalf of the board by:
Mr C P H Osborne
Director
Company registration number: 09697411
Osborne Equine Services Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Underwood Hall Farm, Westley Waterless, Newmarket, Suffolk, CB8 0RN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Conversion costs
-
25% reducing balance
Fixtures & Fittings
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Equipment
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2022: 5 ).
5. Tangible assets
Conversion costs
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 January 2023
17,316
43,035
47,512
89,538
197,401
Additions
9,641
9,641
--------
--------
--------
--------
---------
At 31 December 2023
17,316
43,035
47,512
99,179
207,042
--------
--------
--------
--------
---------
Depreciation
At 1 January 2023
14,975
26,067
23,009
63,092
127,143
Charge for the year
585
1,650
6,126
7,783
16,144
--------
--------
--------
--------
---------
At 31 December 2023
15,560
27,717
29,135
70,875
143,287
--------
--------
--------
--------
---------
Carrying amount
At 31 December 2023
1,756
15,318
18,377
28,304
63,755
--------
--------
--------
--------
---------
At 31 December 2022
2,341
16,968
24,503
26,446
70,258
--------
--------
--------
--------
---------
6. Debtors
2023
2022
£
£
Trade debtors
19,264
17,749
Amounts owed by group undertakings
90,677
Other debtors
6,532
6,425
---------
--------
116,473
24,174
---------
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
77,923
58,648
Social security and other taxes
371,115
232,564
Other creditors
10,914
10,379
---------
---------
459,952
301,591
---------
---------