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REGISTERED NUMBER: 03786603 (England and Wales)















Financial Statements

for the Year Ended 30 June 2024

for

OSBORNE & ALLEN LIMITED

OSBORNE & ALLEN LIMITED (REGISTERED NUMBER: 03786603)

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


OSBORNE & ALLEN LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTORS: R Bremner
L D Bremner





SECRETARY: L D Bremner





REGISTERED OFFICE: 112 Power Road
Chiswick
London
W4 5PN





REGISTERED NUMBER: 03786603 (England and Wales)





ACCOUNTANTS: Rawse, Varley & Co
Chartered Accountants
Lloyds Bank Chambers
Hustlergate
Bradford
BD1 1UQ

OSBORNE & ALLEN LIMITED (REGISTERED NUMBER: 03786603)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 72,120 80,783

CURRENT ASSETS
Stock 110,656 151,328
Debtors 5 252,231 248,876
Cash at bank 179,493 92,958
542,380 493,162
CREDITORS
Amounts falling due within one year 6 338,527 294,151
NET CURRENT ASSETS 203,853 199,011
TOTAL ASSETS LESS CURRENT
LIABILITIES

275,973

279,794

CREDITORS
Amounts falling due after more than one
year

7

9,641

19,911
NET ASSETS 266,332 259,883

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 266,232 259,783
SHAREHOLDERS' FUNDS 266,332 259,883

OSBORNE & ALLEN LIMITED (REGISTERED NUMBER: 03786603)

Balance Sheet - continued
30 June 2024


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.

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 Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





R Bremner - Director


OSBORNE & ALLEN LIMITED (REGISTERED NUMBER: 03786603)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

Osborne & Allen 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 represents the invoice value of goods and services provided, less returns and allowances, excluding value added tax.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation.

Depreciation is calculated to write off the assets over their estimated useful lives at the following annual rates:

Short leasehold property - over the term of the lease
Fixtures and equipment - 20% of cost
Motor vehicles - 25% of reducing balance

Stock
Stock is stated at the lower of cost and estimated net realisable value.

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.

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.

Leasing and hire purchase
Assets held under hire purchase and similar contracts are capitalised as tangible fixed assets and the corresponding liabilities to pay rentals are shown net of finance charges as hire purchase and similar obligations. The finance charge element of rentals is allocated so as to produce a constant periodic rate of charge on the remaining balance of the obligations for each accounting period.

Rentals payable under operating leases are charged to profit and loss account as incurred.

OSBORNE & ALLEN LIMITED (REGISTERED NUMBER: 03786603)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Equipment,
fixtures
Land and and
buildings fittings Totals
£    £    £   
COST
At 1 July 2023 57,012 203,009 260,021
Additions - 15,188 15,188
At 30 June 2024 57,012 218,197 275,209
DEPRECIATION
At 1 July 2023 56,447 122,791 179,238
Charge for year 205 23,646 23,851
At 30 June 2024 56,652 146,437 203,089
NET BOOK VALUE
At 30 June 2024 360 71,760 72,120
At 30 June 2023 565 80,218 80,783

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 34,537 1,293
Other debtors 216,134 246,660
250,671 247,953

Amounts falling due after more than one year:
Other debtors 1,560 923

Aggregate amounts 252,231 248,876

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,272 10,015
Trade creditors 51,700 54,807
Taxation and social security 129,144 84,804
Other creditors 147,411 144,525
338,527 294,151

OSBORNE & ALLEN LIMITED (REGISTERED NUMBER: 03786603)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 9,641 19,911

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 35,625 72,750
Between one and five years 22,500 58,125
58,125 130,875

The operating lease commitments refer to property leases.

9. CALLED UP SHARE CAPITAL

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

51 'A' ordinary £1 51 51
24 'B' ordinary £1 24 24
5 'C' ordinary £1 5 5
5 'D' ordinary £1 5 5
5 'E' ordinary £1 5 5
5 'F' ordinary £1 5 5
5 'G' ordinary £1 5 5
100 100

All share classes rank equally, except that dividends may be paid on each class of shares at different rates and frequencies.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors, R Bremner and L D Bremner, operate a joint current account with the company which was overdrawn by a maximum amount of £48,328 for a period of 277 days during the year. The current account is interest free and was in credit at both the beginning and end of the year.