Company Registration No. SC674371 (Scotland)
OS1A LTD
Unaudited accounts
for the year ended 31 December 2023
OS1A LTD
Unaudited accounts
Contents
OS1A LTD
Company Information
for the year ended 31 December 2023
Director
Marcin Mioduszewski
Company Number
SC674371 (Scotland)
Registered Office
101 Rose Street South Lane
Edinburgh
Midlothian
EH2 3JG
Scotland
Accountants
Euro Lex Ltd
27 Old Gloucester Street
London
WC1N 3AX
OS1A LTD
Accountants' report
Accountants' report to the director of OS1A LTD on the preparation of the unaudited statutory accounts for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
OS1A LTD for the year ended
31 December 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of OS1A LTD, as a body, in accordance with the terms of our engagement letter dated 20 November 2023. Our work has been undertaken solely to prepare for your approval the accounts of OS1A LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than OS1A LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that OS1A LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of OS1A LTD. You consider that OS1A LTD 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 accounts of OS1A LTD. 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 accounts.
Euro Lex Ltd
27 Old Gloucester Street
London
WC1N 3AX
28 November 2024
OS1A LTD
Statement of financial position
as at 31 December 2023
Tangible assets
218,143
335,129
Cash at bank and in hand
36,084
3,664
Net current assets
381,230
170,432
Total assets less current liabilities
599,373
505,561
Provisions for liabilities
Other provisions
-
121,663
Net assets
599,373
627,224
Called up share capital
492,000
492,000
Capital redemption reserve
133,438
136,251
Profit and loss account
(26,065)
(1,027)
Shareholders' funds
599,373
627,224
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. 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 29 November 2024 and were signed on its behalf by
Marcin Mioduszewski
Director
Company Registration No. SC674371
OS1A LTD
Notes to the Accounts
for the year ended 31 December 2023
OS1A LTD is a private company, limited by shares, registered in Scotland, registration number SC674371. The registered office is 101 Rose Street South Lane, Edinburgh, Midlothian, EH2 3JG, Scotland.
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:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2023
218,743
42,216
62,554
48,211
371,724
Additions
-
-
10,014
-
10,014
At 31 December 2023
218,743
42,216
72,568
48,211
381,738
At 1 January 2023
-
7,599
14,533
14,463
36,595
Charge for the year
16,011
-
-
-
16,011
On disposals
-
34,617
48,021
28,351
110,989
At 31 December 2023
16,011
42,216
62,554
42,814
163,595
At 31 December 2023
202,732
-
10,014
5,397
218,143
At 31 December 2022
218,743
34,617
48,021
33,748
335,129
OS1A LTD
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Trade debtors
17,915
140,410
Amounts due from group undertakings etc.
179
-
Amounts falling due after more than one year
6
Investments held as current assets
2023
2022
Listed investments
999
4,358
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).