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REGISTERED NUMBER: 05660418 (England and Wales)















OSBORNES (QUANTITY SURVEYORS) LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2024






OSBORNES (QUANTITY SURVEYORS) LIMITED (REGISTERED NUMBER: 05660418)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OSBORNES (QUANTITY SURVEYORS) LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M P D Cakebread
A J Knight
C G Matthews
Ms D J Suffolk





SECRETARY: M P D Cakebread





REGISTERED OFFICE: Orchard Court V Binley Business
Park Harry Weston Road
Coventry
CV3 2TQ





REGISTERED NUMBER: 05660418 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

OSBORNES (QUANTITY SURVEYORS) LIMITED (REGISTERED NUMBER: 05660418)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,544 32,384

CURRENT ASSETS
Debtors 5 200,832 214,746
Cash at bank and in hand 237,556 291,584
438,388 506,330
CREDITORS
Amounts falling due within one year 6 241,517 239,165
NET CURRENT ASSETS 196,871 267,165
TOTAL ASSETS LESS CURRENT
LIABILITIES

221,415

299,549

CREDITORS
Amounts falling due after more than one
year

7

(11,770

)

(21,019

)

PROVISIONS FOR LIABILITIES (5,883 ) (7,789 )
NET ASSETS 203,762 270,741

CAPITAL AND RESERVES
Called up share capital 60 84
Capital redemption reserve 100 76
Retained earnings 203,602 270,581
203,762 270,741

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

OSBORNES (QUANTITY SURVEYORS) LIMITED (REGISTERED NUMBER: 05660418)

Balance Sheet - continued
31 March 2024


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 22 October 2024 and were signed on its behalf by:





M P D Cakebread - Director


OSBORNES (QUANTITY SURVEYORS) LIMITED (REGISTERED NUMBER: 05660418)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Osbornes (Quantity Surveyors) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Office equipment - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 15 ) .

OSBORNES (QUANTITY SURVEYORS) LIMITED (REGISTERED NUMBER: 05660418)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Office
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 37,087 42,671 175,017 254,775
Additions - - 342 342
At 31 March 2024 37,087 42,671 175,359 255,117
DEPRECIATION
At 1 April 2023 29,838 34,031 158,522 222,391
Charge for year 1,812 2,160 4,210 8,182
At 31 March 2024 31,650 36,191 162,732 230,573
NET BOOK VALUE
At 31 March 2024 5,437 6,480 12,627 24,544
At 31 March 2023 7,249 8,640 16,495 32,384

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 200,819 214,746
Other debtors 13 -
200,832 214,746

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,649 10,649
Trade creditors 31,312 36,275
Taxation and social security 199,556 183,645
Other creditors - 8,596
241,517 239,165

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 11,770 21,019

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 46,398 47,436
Between one and five years 7,991 2,206
54,389 49,642

OSBORNES (QUANTITY SURVEYORS) LIMITED (REGISTERED NUMBER: 05660418)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the directors.