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OSE EUROPEAN LTD

Registered Number
11391131
(England and Wales)

Unaudited Financial Statements for the Period ended
31 January 2025

OSE EUROPEAN LTD
Company Information
for the period from 1 August 2023 to 31 January 2025

Director

STEARMAN, Keith Edward

Registered Address

Unit 1, H Nichol Yard
South Shore Road
Gateshead
NE8 3AE

Registered Number

11391131 (England and Wales)
OSE EUROPEAN LTD
Balance Sheet as at
31 January 2025

Notes

31 Jan 2025

31 Jul 2023

£

£

£

£

Fixed assets
Tangible assets4209,087309,054
209,087309,054
Current assets
Debtors51,655,3251,593,761
Cash at bank and on hand8,5668,860
1,663,8911,602,621
Creditors amounts falling due within one year6(1,620,944)(1,509,682)
Net current assets (liabilities)42,94792,939
Total assets less current liabilities252,034401,993
Creditors amounts falling due after one year7(89,118)(241,290)
Provisions for liabilities(51,309)-
Net assets111,607160,703
Capital and reserves
Called up share capital100100
Profit and loss account111,507160,603
Shareholders' funds111,607160,703
The financial statements were approved and authorised for issue by the Director on 16 May 2025, and are signed on its behalf by:
STEARMAN, Keith Edward
Director
Registered Company No. 11391131
OSE EUROPEAN LTD
Notes to the Financial Statements
for the period ended 31 January 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
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.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Plant and machinery5
Vehicles5
Office Equipment4
2.Average number of employees

20252023
Average number of employees during the year4861
3.Intangible assets

Total

£
Cost or valuation
At 01 August 235,247
Disposals(5,247)
Amortisation and impairment
At 01 August 235,247
On disposals(5,247)
Net book value
At 31 January 25-
At 31 July 23-
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 August 23457,609
Additions47,269
Disposals(83,677)
At 31 January 25421,201
Depreciation and impairment
At 01 August 23148,555
Charge for year63,559
At 31 January 25212,115
Net book value
At 31 January 25209,087
At 31 July 23309,054
5.Debtors: amounts due within one year

2025

2023

££
Trade debtors / trade receivables1,115,5661,116,929
Other debtors313,810230,475
Prepayments and accrued income225,949246,357
Total1,655,3251,593,761
6.Creditors: amounts due within one year

2025

2023

££
Trade creditors / trade payables396,923174,263
Bank borrowings and overdrafts10,01510,014
Taxation and social security318,122256,369
Other creditors892,1661,056,050
Accrued liabilities and deferred income3,71812,986
Total1,620,9441,509,682
7.Creditors: amounts due after one year

2025

2023

££
Bank borrowings and overdrafts3,31917,733
Other creditors85,799223,557
Total89,118241,290
8.Obligations under finance leases

2025

2023

££
Finance lease and HP contracts85,798223,557