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REGISTERED NUMBER: 05327032 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

OSBORN TRANSPORT SERVICES LIMITED

OSBORN TRANSPORT SERVICES LIMITED (REGISTERED NUMBER: 05327032)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OSBORN TRANSPORT SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: M E Foster
Ms J Wallis





SECRETARY: Mrs S Foster





REGISTERED OFFICE: Gossard Park
Off Grovebury Road
Leighton Buzzard
Bedfordshire
LU7 4SQ





REGISTERED NUMBER: 05327032 (England and Wales)





ACCOUNTANTS: Parkers
Cornelius House
178-180 Church Road
Hove
East Sussex
BN3 2DJ

OSBORN TRANSPORT SERVICES LIMITED (REGISTERED NUMBER: 05327032)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,181,632 889,633

CURRENT ASSETS
Stocks 37,500 45,000
Debtors 5 202,287 278,699
Cash at bank and in hand 129,594 156,994
369,381 480,693
CREDITORS
Amounts falling due within one year 6 408,476 370,139
NET CURRENT (LIABILITIES)/ASSETS (39,095 ) 110,554
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,142,537

1,000,187

CREDITORS
Amounts falling due after more than one
year

7

(459,901

)

(287,420

)

PROVISIONS FOR LIABILITIES 10 (4,744 ) (4,211 )
NET ASSETS 677,892 708,556

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 677,792 708,456
SHAREHOLDERS' FUNDS 677,892 708,556

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

OSBORN TRANSPORT SERVICES LIMITED (REGISTERED NUMBER: 05327032)

BALANCE SHEET - continued
31ST DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th May 2025 and were signed on its behalf by:





M E Foster - Director


OSBORN TRANSPORT SERVICES LIMITED (REGISTERED NUMBER: 05327032)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1. STATUTORY INFORMATION

Osborn Transport Services 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.

Significant judgements and estimates
No significant judgements have had to be made by the directors in preparing these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.

The company recognises turnover when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Land and buildings include a freehold workshop and office buildings. Land and buildings are carried at their initial cost, less subsequent depreciation and impairment losses. Revaluations are performed by the Director, Mr Foster, with sufficient regularity to ensure that the carrying amounts do not differ materially from those that would be determined using fair values at the end of each reporting period.

Land is not depreciated.

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

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.


OSBORN TRANSPORT SERVICES LIMITED (REGISTERED NUMBER: 05327032)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

Stock is also assessed for impairment at each reporting date. The carrying amount of each item of stock, or group of similar items, is compared with its selling price less costs to complete and sell. If an item of stock or group of similar items is impaired, its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 16 ) .

OSBORN TRANSPORT SERVICES LIMITED (REGISTERED NUMBER: 05327032)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st January 2024 971,700 99,984 20,754 109,758 1,202,196
Additions 282,904 - 150 28,203 311,257
At 31st December 2024 1,254,604 99,984 20,904 137,961 1,513,453
DEPRECIATION
At 1st January 2024 116,810 82,548 16,968 96,237 312,563
Charge for year 4,379 3,481 967 10,431 19,258
At 31st December 2024 121,189 86,029 17,935 106,668 331,821
NET BOOK VALUE
At 31st December 2024 1,133,415 13,955 2,969 31,293 1,181,632
At 31st December 2023 854,890 17,436 3,786 13,521 889,633

Included in cost of land and buildings is freehold land of £ 523,500 (2023 - £ 523,500 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 202,287 256,756
Other debtors - 21,943
202,287 278,699

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 70,082 36,400
Hire purchase contracts (see note 8) 11,030 -
Trade creditors 177,744 135,341
Taxation and social security 63,071 119,798
Other creditors 86,549 78,600
408,476 370,139

OSBORN TRANSPORT SERVICES LIMITED (REGISTERED NUMBER: 05327032)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 454,129 287,420
Hire purchase contracts (see note 8) 5,772 -
459,901 287,420

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 179,246 165,933

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 11,030 -
Between one and five years 5,772 -
16,802 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 524,211 323,820
Hire purchase contracts 16,802 -
541,013 323,820

The bank loan is secured by a legal mortgage on the freehold property. There is a fixed and floating charge over all of the company's assets.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 4,744 4,211

OSBORN TRANSPORT SERVICES LIMITED (REGISTERED NUMBER: 05327032)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st January 2024 4,211
Charge to Income Statement during year 533
Balance at 31st December 2024 4,744

11. RELATED PARTY DISCLOSURES

Included in other creditors is £50,495 (2023 - £50,495) which is owed from Osborn Recovery Services Limited. This is a company under common control.