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REGISTERED NUMBER: 07259590 (England and Wales)



























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

OSBORNE POULTRY PRODUCTS LIMITED

OSBORNE POULTRY PRODUCTS LIMITED (REGISTERED NUMBER: 07259590)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OSBORNE POULTRY PRODUCTS LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTOR: N Mahmood





REGISTERED OFFICE: Atlas Ind Estate/ Unit 4
Colebrook Road
Birmingham
West Midlands
B11 2NT





REGISTERED NUMBER: 07259590 (England and Wales)






OSBORNE POULTRY PRODUCTS LIMITED (REGISTERED NUMBER: 07259590)

BALANCE SHEET
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 136,078 141,687

CURRENT ASSETS
Stocks - 75,472
Debtors 5 34,963 367,568
Cash at bank and in hand 26,610 269,866
61,573 712,906
CREDITORS
Amounts falling due within one year 6 58,473 468,620
NET CURRENT ASSETS 3,100 244,286
TOTAL ASSETS LESS CURRENT
LIABILITIES

139,178

385,973

CREDITORS
Amounts falling due after more than one
year

7

-

(124,183

)

PROVISIONS FOR LIABILITIES (7,314 ) (8,314 )
NET ASSETS 131,864 253,476

OSBORNE POULTRY PRODUCTS LIMITED (REGISTERED NUMBER: 07259590)

BALANCE SHEET - continued
31 May 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 131,862 253,474
SHAREHOLDERS' FUNDS 131,864 253,476

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 6 November 2024 and were signed by:





N Mahmood - Director


OSBORNE POULTRY PRODUCTS LIMITED (REGISTERED NUMBER: 07259590)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Osborne Poultry Products 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance

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.


OSBORNE POULTRY PRODUCTS LIMITED (REGISTERED NUMBER: 07259590)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 128,851 280,770 409,621
Additions - 9,800 9,800
At 31 May 2024 128,851 290,570 419,421
DEPRECIATION
At 1 June 2023 30,924 237,010 267,934
Charge for year 2,577 12,832 15,409
At 31 May 2024 33,501 249,842 283,343
NET BOOK VALUE
At 31 May 2024 95,350 40,728 136,078
At 31 May 2023 97,927 43,760 141,687

OSBORNE POULTRY PRODUCTS LIMITED (REGISTERED NUMBER: 07259590)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 33,124
DEPRECIATION
At 1 June 2023
and 31 May 2024 30,637
NET BOOK VALUE
At 31 May 2024 2,487
At 31 May 2023 2,487

The HP agreement was repaid in full.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 32,856 346,846
Other debtors 2,107 20,722
34,963 367,568

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 40,371
Trade creditors 42,220 420,615
Taxation and social security 12,535 4,134
Other creditors 3,718 3,500
58,473 468,620

OSBORNE POULTRY PRODUCTS LIMITED (REGISTERED NUMBER: 07259590)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 124,183

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 43,535

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary Shares 2 2 2

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
N Mahmood
Balance outstanding at start of year - 30,102
Amounts advanced 59,884 53,140
Amounts repaid (59,166 ) (83,242 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 718 -