Registered number
10205433
Osecopy Engineers Limited
Filleted Accounts
31 May 2024
Osecopy Engineers Limited
Registered number: 10205433
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 130 -
Current assets
Debtors 4 10,553 9,972
Cash at bank and in hand 20,517 23,388
31,070 33,360
Creditors: amounts falling due within one year 5 (30,864) (29,069)
Net current assets 206 4,291
Net assets 336 4,291
Capital and reserves
Called up share capital 2 2
Profit and loss account 334 4,289
Shareholders' funds 336 4,291
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Ikechukwu Osejindu
Director
Approved by the board on 21 February 2025
Osecopy Engineers Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 162
At 31 May 2024 162
Depreciation
Charge for the year 32
At 31 May 2024 32
Net book value
At 31 May 2024 130
4 Debtors 2024 2023
£ £
Trade debtors - 15
Other debtors 10,553 9,957
10,553 9,972
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 37
Taxation and social security costs 30,695 28,135
Director's account (371) 357
Accruals 540 540
30,864 29,069
6 Other information
Osecopy Engineers Limited is a private company limited by shares and incorporated in England. Its registered office is:
Kemp House
160 City Road
London
EC1V 2NX
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