4 3 Osmor Products Limited 02267236 false 2023-05-01 2024-08-31 2024-08-31 The principal activity of the company is wholesale of cable covers. The company ceased trading on 31 August 2024. All trade and assets were transferred to Vulcascot Cable Protectors Ltd, a company under common ownership. Digita Accounts Production Advanced 6.30.9574.0 true 02267236 2023-05-01 2024-08-31 02267236 2024-08-31 02267236 bus:OrdinaryShareClass1 2024-08-31 02267236 core:CurrentFinancialInstruments 2024-08-31 02267236 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 02267236 core:FurnitureFittingsToolsEquipment 2024-08-31 02267236 bus:SmallEntities 2023-05-01 2024-08-31 02267236 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-08-31 02267236 bus:FilletedAccounts 2023-05-01 2024-08-31 02267236 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-08-31 02267236 bus:RegisteredOffice 2023-05-01 2024-08-31 02267236 bus:Director1 2023-05-01 2024-08-31 02267236 bus:Director2 2023-05-01 2024-08-31 02267236 bus:Director4 2023-05-01 2024-08-31 02267236 bus:Director5 2023-05-01 2024-08-31 02267236 bus:OrdinaryShareClass1 2023-05-01 2024-08-31 02267236 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-08-31 02267236 bus:Agent1 2023-05-01 2024-08-31 02267236 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-08-31 02267236 core:OfficeEquipment 2023-05-01 2024-08-31 02267236 countries:England 2023-05-01 2024-08-31 02267236 2023-04-30 02267236 core:FurnitureFittingsToolsEquipment 2023-04-30 02267236 2022-05-01 2023-04-30 02267236 2023-04-30 02267236 bus:OrdinaryShareClass1 2023-04-30 02267236 core:CurrentFinancialInstruments 2023-04-30 02267236 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 02267236 core:FurnitureFittingsToolsEquipment 2023-04-30 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 02267236

Osmor Products Limited

Unaudited Filleted Financial Statements

for the Period from 1 May 2023 to 31 August 2024

 

Osmor Products Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Osmor Products Limited

Company Information

Directors

Mr M F Dufty

Mrs V L Dufty

Mr L Henman

Mr S D Smith

Registered office

37 Tything Road East
Alcester
B49 6ES

Accountants

Icke & Co Limited The Old Barn
Avoncroft Farm
Offenham
Evesham
Worcestershire
WR11 8RR

 

Osmor Products Limited

(Registration number: 02267236)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

82

Current assets

 

Stocks

5

-

14,920

Debtors

6

38,785

17,201

Cash at bank and in hand

 

35,435

26,083

 

74,220

58,204

Creditors: Amounts falling due within one year

7

(11,156)

(12,058)

Net current assets

 

63,064

46,146

Net assets

 

63,064

46,228

Capital and reserves

 

Called up share capital

8

60

60

Retained earnings

63,004

46,168

Shareholders' funds

 

63,064

46,228

For the financial period ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 January 2025 and signed on its behalf by:
 

.........................................
Mr M F Dufty
Director

 

Osmor Products Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
37 Tything Road East
Alcester
B49 6ES

These financial statements were authorised for issue by the Board on 16 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue 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 for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Osmor Products Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 31 August 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Osmor Products Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 31 August 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 4 (2023 - 3).

 

Osmor Products Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 31 August 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 May 2023

12,408

12,408

Disposals

(12,408)

(12,408)

At 31 August 2024

-

-

Depreciation

At 1 May 2023

12,326

12,326

Charge for the period

82

82

Eliminated on disposal

(12,408)

(12,408)

At 31 August 2024

-

-

Carrying amount

At 31 August 2024

-

-

At 30 April 2023

82

82

5

Stocks

2024
£

2023
£

Other inventories

-

14,920

6

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

14,919

12,248

Amounts owed by related parties

23,866

1,125

Other debtors

 

-

3,828

   

38,785

17,201

7

Creditors

Creditors: amounts falling due within one year

 

Osmor Products Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2023 to 31 August 2024

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

1,148

6,811

Amounts owed to related parties

2,691

2,188

Taxation and social security

 

5,484

459

Accruals and deferred income

 

1,800

2,600

Other creditors

 

33

-

 

11,156

12,058

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary £1 of £1 each

60

60

60

60