Registered number
13640821
Osprey Coaches Limited
Unaudited Filleted Accounts
30 September 2024
Osprey Coaches Limited
Registered number: 13640821
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 32,436 32,137
Current assets
Debtors 4 28,829 24,220
Cash at bank and in hand 51,636 37,504
80,465 61,724
Creditors: amounts falling due within one year 5 (27,441) (30,489)
Net current assets 53,024 31,235
Net assets 85,460 63,372
Capital and reserves
Called up share capital 100 100
Profit and loss account 85,360 63,272
Shareholders' funds 85,460 63,372
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.
J P Michaelson
Director
Approved by the board on 13 May 2025
Osprey Coaches Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehicles 15% per annum on net book value
Fixtures, fittings, tools and equipment 15% per annum on net book value
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2023 12,391 30,000 42,391
Additions 2,273 3,750 6,023
At 30 September 2024 14,664 33,750 48,414
Depreciation
At 1 October 2023 2,567 7,687 10,254
Charge for the year 1,815 3,909 5,724
At 30 September 2024 4,382 11,596 15,978
Net book value
At 30 September 2024 10,282 22,154 32,436
At 30 September 2023 9,824 22,313 32,137
4 Debtors 2024 2023
£ £
Trade debtors 24,800 17,902
Other debtors 4,029 6,318
28,829 24,220
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 4,472 6,294
Taxation and social security costs 8,984 7,124
Other creditors 13,985 17,071
27,441 30,489
6 Related party transactions 2024 2023
£ £
Dividends paid to directors 3,000 4,000
7 Controlling party
The ultimate controlling interest is held by the directors of the company.
8 Other information
Osprey Coaches Limited is a private company limited by shares and incorporated in England. Its registered office is:
4A The Avenue
Highams Park
London
E4 9LD
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