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REGISTERED NUMBER: 10777375 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

OSM CONSTRUCTION LTD

OSM CONSTRUCTION LTD (REGISTERED NUMBER: 10777375)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


OSM CONSTRUCTION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: D P Whittaker
J R Whittaker





REGISTERED OFFICE: Batworth Barn
Crossbush Lane
Crossbush
West Sussex
BN18 9PQ





REGISTERED NUMBER: 10777375 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Horsham) Limited
Ridgeland House
15 Carfax
Horsham
West Sussex
RH12 1DY

OSM CONSTRUCTION LTD (REGISTERED NUMBER: 10777375)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 79,111 40,944

CURRENT ASSETS
Debtors 5 540,684 170,421
Cash at bank and in hand 369,031 589,578
909,715 759,999
CREDITORS
Amounts falling due within one year 6 644,361 562,060
NET CURRENT ASSETS 265,354 197,939
TOTAL ASSETS LESS CURRENT LIABILITIES 344,465 238,883

CREDITORS
Amounts falling due after more than one year 7 (7,893 ) (18,207 )

PROVISIONS FOR LIABILITIES (11,740 ) (5,900 )
NET ASSETS 324,832 214,776

CAPITAL AND RESERVES
Called up share capital 8 3,750 3,750
Capital redemption reserve 6,251 6,251
Retained earnings 314,831 204,775
SHAREHOLDERS' FUNDS 324,832 214,776

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2025 and were signed on its behalf by:





D P Whittaker - Director


OSM CONSTRUCTION LTD (REGISTERED NUMBER: 10777375)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

OSM Construction Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual
provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial instruments are initially recognised at the transaction price and are subsequently measured at
amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Other financial instruments, including derivatives, are initially recognised at fair value, which is normally the
transaction price and are subsequently carried at fair value, with adjustments through the profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

OSM CONSTRUCTION LTD (REGISTERED NUMBER: 10777375)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 77,397 3,014 - 7,152 87,563
Additions 6,247 - 84,285 1,368 91,900
Disposals (42,187 ) - (22,495 ) - (64,682 )
At 30 September 2024 41,457 3,014 61,790 8,520 114,781
DEPRECIATION
At 1 October 2023 37,128 3,014 - 6,477 46,619
Charge for year 10,734 - 6,089 582 17,405
Eliminated on disposal (26,479 ) - (1,875 ) - (28,354 )
At 30 September 2024 21,383 3,014 4,214 7,059 35,670
NET BOOK VALUE
At 30 September 2024 20,074 - 57,576 1,461 79,111
At 30 September 2023 40,269 - - 675 40,944

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 369,436 60,048
Other debtors 168,630 108,335
Prepayments and accrued income 2,618 2,038
540,684 170,421

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,311 10,057
Trade creditors 131,871 14,207
Tax 54,636 45,156
Social security and other taxes 15,316 2,395
Other creditors 54,874 53,838
Directors' current accounts 82,728 99,562
Accruals and deferred income 294,625 336,845
644,361 562,060

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bounceback loan > 1 yr 7,893 18,207

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,875 Ordinary A Shares £1 1,875 1,875
1,875 Ordinary B Shares £1 1,875 1,875
3,750 3,750

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £54,860 were paid to the directors .

OSM CONSTRUCTION LTD (REGISTERED NUMBER: 10777375)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


9. RELATED PARTY DISCLOSURES - continued

Included within Creditors: Amounts falling due within one year are amounts owed to the directors of the company. At the balance sheet date, the amount due to the directors, included under 'Directors' current accounts', was £82,728 (2023: £99,562). The loan amount is unsecured, interest-free, and repayable on demand.