Company Registration No. SC375212 (Scotland)
Osprey Tunnels Limited
Unaudited accounts
for the year ended 31 January 2024
Osprey Tunnels Limited
Unaudited accounts
Contents
Osprey Tunnels Limited
Company Information
for the year ended 31 January 2024
Company Number
SC375212 (Scotland)
Registered Office
Scones Lethendy
Perth
PH2 6AB
Accountants
Fraser + Accountants
3 Barossa Place
Perth
Perthshire
PH1 5HG
Osprey Tunnels Limited
Statement of financial position
as at 31 January 2024
Tangible assets
85,566
150,793
Cash at bank and in hand
20,112
2,841
Creditors: amounts falling due within one year
(74,254)
(172,747)
Net current liabilities
(26,002)
(58,614)
Called up share capital
1
1
Profit and loss account
59,563
92,178
Shareholders' funds
59,564
92,179
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 October 2024 and were signed on its behalf by
David Leslie
Director
Company Registration No. SC375212
Osprey Tunnels Limited
Notes to the Accounts
for the year ended 31 January 2024
Osprey Tunnels Limited is a private company, limited by shares, registered in Scotland, registration number SC375212. The registered office is Scones Lethendy , Perth , PH2 6AB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight-line
Computer equipment
33% straight-line
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2023
521,189
416
521,605
Disposals
(94,498)
-
(94,498)
At 31 January 2024
426,691
416
427,107
At 1 February 2023
370,395
417
370,812
Charge for the year
47,125
(1)
47,124
On disposals
(76,395)
-
(76,395)
At 31 January 2024
341,125
416
341,541
At 31 January 2024
85,566
-
85,566
At 31 January 2023
150,794
(1)
150,793
Osprey Tunnels Limited
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
26,924
76,910
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
833
10,833
Obligations under finance leases and hire purchase contracts
73,624
162,992
Taxes and social security
826
-
Other creditors
1,180
1,180
Loans from directors
(3,247)
(124)
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).