IRIS Accounts Production v24.3.2.46 03600356 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh036003562023-06-30036003562024-06-30036003562023-07-012024-06-30036003562022-06-30036003562022-07-012023-06-30036003562023-06-3003600356ns15:EnglandWales2023-07-012024-06-3003600356ns14:PoundSterling2023-07-012024-06-3003600356ns10:Director12023-07-012024-06-3003600356ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3003600356ns10:SmallEntities2023-07-012024-06-3003600356ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3003600356ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3003600356ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3003600356ns10:FullAccounts2023-07-012024-06-3003600356ns10:Director22023-07-012024-06-3003600356ns10:RegisteredOffice2023-07-012024-06-3003600356ns5:CurrentFinancialInstruments2024-06-3003600356ns5:CurrentFinancialInstruments2023-06-3003600356ns5:Non-currentFinancialInstruments2024-06-3003600356ns5:Non-currentFinancialInstruments2023-06-3003600356ns5:ShareCapital2024-06-3003600356ns5:ShareCapital2023-06-3003600356ns5:RetainedEarningsAccumulatedLosses2024-06-3003600356ns5:RetainedEarningsAccumulatedLosses2023-06-300360035612023-07-012024-06-3003600356ns5:LandBuildings2023-07-012024-06-3003600356ns5:PlantMachinery2023-07-012024-06-3003600356ns5:LandBuildings2023-06-3003600356ns5:PlantMachinery2023-06-3003600356ns5:LandBuildings2024-06-3003600356ns5:PlantMachinery2024-06-3003600356ns5:LandBuildings2023-06-3003600356ns5:PlantMachinery2023-06-3003600356ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3003600356ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30
REGISTERED NUMBER: 03600356 (England and Wales)












Unaudited Financial Statements

For The Year Ended 30 June 2024

for

Osco Europe Limited

Osco Europe Limited (Registered number: 03600356)






Contents of the Financial Statements
For The Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Osco Europe Limited

Company Information
For The Year Ended 30 June 2024







DIRECTORS: J P Massey
Ms A E Gurney





REGISTERED OFFICE: Units 25 -27 Mayfield Avenue Ind Est
Fyfield Road
Weyhill
Andover
Hampshire
SP11 8HU





REGISTERED NUMBER: 03600356 (England and Wales)





ACCOUNTANTS: Butler & Co (Bishops Waltham) Limited
Chartered Accountants
Avalon House
Waltham Business Park
Brickyard Road, Swanmore
Southampton
Hampshire
SO32 2SA

Osco Europe Limited (Registered number: 03600356)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 84,931 73,232
Investment property 6 750,000 700,000
834,931 773,232

CURRENT ASSETS
Stocks 353,700 357,153
Debtors 7 718,682 953,142
Cash at bank and in hand 157,355 232,130
1,229,737 1,542,425
CREDITORS
Amounts falling due within one year 8 498,092 681,291
NET CURRENT ASSETS 731,645 861,134
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,566,576

1,634,366

CREDITORS
Amounts falling due after more than one
year

9

(208,958

)

(267,840

)

PROVISIONS FOR LIABILITIES (75,421 ) (69,944 )
NET ASSETS 1,282,197 1,296,582

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,281,197 1,295,582
SHAREHOLDERS' FUNDS 1,282,197 1,296,582

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Osco Europe Limited (Registered number: 03600356)

Balance Sheet - continued
30 June 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2025 and were signed on its behalf by:





J P Massey - Director


Osco Europe Limited (Registered number: 03600356)

Notes to the Financial Statements
For The Year Ended 30 June 2024

1. STATUTORY INFORMATION

Osco Europe 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Critical accounting judgements and key sources of estimation uncertainty
No significant judgements, estimations and uncertainties have arisen in the preparation of the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer.This is usually at the point that the customer has signed for delivery of the goods.

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 the contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 1.1% on cost
Plant and machinery etc - 33% on cost, 20% on cost and 15% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Osco Europe Limited (Registered number: 03600356)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

Osco Europe Limited (Registered number: 03600356)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 6,960 149,687 156,647
Additions - 24,061 24,061
At 30 June 2024 6,960 173,748 180,708
DEPRECIATION
At 1 July 2023 464 82,951 83,415
Charge for year 696 11,666 12,362
At 30 June 2024 1,160 94,617 95,777
NET BOOK VALUE
At 30 June 2024 5,800 79,131 84,931
At 30 June 2023 6,496 66,736 73,232

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 700,000
Revaluations 50,000
At 30 June 2024 750,000
NET BOOK VALUE
At 30 June 2024 750,000
At 30 June 2023 700,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2023 315,173
Valuation in 2024 50,000
Cost 384,827
750,000

If the investment property had not been revalued it would have been included at the following historical cost:

30.6.24 30.6.23
£    £   
Cost 410,409 410,409
Aggregate depreciation (25,582 ) (25,582 )

The investment property was valued on an open market basis on 30 June 2024 by the company directors. .

Osco Europe Limited (Registered number: 03600356)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 174,035 185,195
Amounts owed by group undertakings 456,527 457,656
Other debtors 88,120 310,291
718,682 953,142

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 43,445 41,302
Trade creditors 65,321 60,761
Taxation and social security 51,429 84,290
Other creditors 337,897 494,938
498,092 681,291

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 208,958 267,840

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 176,458 205,340

10. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loan 185,454 214,336

One of the company's bank loans is secured on the investment property.

11. RELATED PARTY DISCLOSURES

Osco Europe Limited is a subsidiary of Osco Design Limited, a company registered in England and Wales.

During the year the company had transactions including loan relationships with related parties, which were carried out under normal market conditions.