OSPREY FOODS LIMITED

Company Registration Number:
12872065 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

OSPREY FOODS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes

OSPREY FOODS LIMITED

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Directors

The directors shown below have held office during the whole of the period from
1 April 2023 to 31 March 2024

Mark E Joll
C Warhurst


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
5 November 2024

And signed on behalf of the board by:
Name: Mark E Joll
Status: Director

OSPREY FOODS LIMITED

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 20,600 11,110
Investments:   0 0
Total fixed assets: 20,600 11,110
Current assets
Stocks: 4 630,098 802,791
Debtors: 5 997,893 857,779
Cash at bank and in hand: 29,744 22,279
Investments:   0 0
Total current assets: 1,657,735 1,682,849
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 6 ( 1,310,535 ) ( 1,241,410 )
Net current assets (liabilities): 347,200 441,439
Total assets less current liabilities: 367,800 452,549
Creditors: amounts falling due after more than one year: 7 ( 302,819 ) ( 404,167 )
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 64,981 48,382
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 64,979 48,380
Total Shareholders' funds: 64,981 48,382

The notes form part of these financial statements

OSPREY FOODS LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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 directors acknowledge their 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 5 November 2024
and signed on behalf of the board by:

Name: Mark E Joll
Status: Director

The notes form part of these financial statements

OSPREY FOODS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured as the fair value of consideration received, or receivable, net of discounts and value added taxes. Turnover comprises the sale of of wholesale food goods.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at historic cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Building Equipment-2% straight line Plant & Machinary-15 % reducing balance Furniture & Fixtures-15 % reducing balance Office Equipment-33% straight line Gains and losses on disposals are determined by comparing the proceeds with the carrying amountand are recognised in the Profit and loss account.

    Other accounting policies

    Stock Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

OSPREY FOODS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 9 6

OSPREY FOODS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 9,995 0 0 1,596 11,591
Additions 10,214 371 10,585
Disposals
Revaluations
Transfers
At 31 March 2024 9,995 10,214 371 1,596 22,176
Depreciation
At 1 April 2023 200 0 0 281 481
Charge for year 200 353 15 527 1,095
On disposals
Other adjustments
At 31 March 2024 400 353 15 808 1,576
Net book value
At 31 March 2024 9,595 9,861 356 788 20,600
At 31 March 2023 9,795 0 0 1,315 11,110

OSPREY FOODS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Stocks

2024 2023
£ £
Stocks 630,098 802,791
Total 630,098 802,791

OSPREY FOODS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors

2024 2023
£ £
Trade debtors 834,771 737,565
Prepayments and accrued income 70,750 58,393
Other debtors 92,372 61,821
Total 997,893 857,779

OSPREY FOODS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 623,947 397,988
Trade creditors 613,790 815,942
Taxation and social security 28,845 10,613
Accruals and deferred income 21,563 2,530
Other creditors 22,390 14,337
Total 1,310,535 1,241,410

OSPREY FOODS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

7. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 87,820 189,168
Other creditors 214,999 214,999
Total 302,819 404,167

OSPREY FOODS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

8. Loans to directors

Name of director receiving advance or credit: C Warhurst
Description of the transaction:
Advance for personal reasons
£
Balance at 31 March 2023 14,999
Advances or credits made: 23,573
Advances or credits repaid: 14,000
Balance at 31 March 2024 24,572