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REGISTERED NUMBER: 01373362 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

OSTARVEN LTD

OSTARVEN LTD (REGISTERED NUMBER: 01373362)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OSTARVEN LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: Mr O J Calloway
Mr D A Munnings





REGISTERED OFFICE: 10 Whiting Street
Bury St Edmunds
Suffolk
IP33 1NX





REGISTERED NUMBER: 01373362 (England and Wales)





ACCOUNTANTS: Twinn Accountants Limited
Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St. Edmunds
Suffolk
IP31 2QY

OSTARVEN LTD (REGISTERED NUMBER: 01373362)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,851 30,431

CURRENT ASSETS
Stocks 5 138,233 134,297
Debtors 6 9,613 3,069
Cash at bank and in hand 29,676 47,409
177,522 184,775
CREDITORS
Amounts falling due within one year 7 77,615 53,206
NET CURRENT ASSETS 99,907 131,569
TOTAL ASSETS LESS CURRENT
LIABILITIES

124,758

162,000

CREDITORS
Amounts falling due after more than one
year

8

(17,342

)

(36,843

)

PROVISIONS FOR LIABILITIES (4,722 ) (5,782 )
NET ASSETS 102,694 119,375

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 101,694 118,375
SHAREHOLDERS' FUNDS 102,694 119,375

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

OSTARVEN LTD (REGISTERED NUMBER: 01373362)

BALANCE SHEET - continued
31 MARCH 2025


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 17 June 2025 and were signed on its behalf by:





Mr D A Munnings - Director


OSTARVEN LTD (REGISTERED NUMBER: 01373362)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Ostarven 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Workshop & office equipment - 20% on cost
Fixtures & fittings - 20% on cost
Motor vehicles - 20% on cost
Equipment - 20% on cost

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

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.

OSTARVEN LTD (REGISTERED NUMBER: 01373362)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued

Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the asset's fair value at the date of inception and the present value of minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of the capital and interest elements. The interest is charged to the profit and loss so as to produce a constant periodic rate of interest of the remaining balance of the liability.

Rentals payable under the operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

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 6 (2024 - 7 ) .

4. TANGIBLE FIXED ASSETS
Workshop
& office Fixtures Motor
equipment & fittings vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 8,680 667 30,648 3,734 43,729
Additions 4,298 - - 384 4,682
Disposals (4,074 ) (667 ) - (2,321 ) (7,062 )
At 31 March 2025 8,904 - 30,648 1,797 41,349
DEPRECIATION
At 1 April 2024 4,993 667 5,034 2,604 13,298
Charge for year 1,781 - 6,129 359 8,269
Eliminated on disposal (2,081 ) (667 ) - (2,321 ) (5,069 )
At 31 March 2025 4,693 - 11,163 642 16,498
NET BOOK VALUE
At 31 March 2025 4,211 - 19,485 1,155 24,851
At 31 March 2024 3,687 - 25,614 1,130 30,431

OSTARVEN LTD (REGISTERED NUMBER: 01373362)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2024
and 31 March 2025 30,165
DEPRECIATION
At 1 April 2024 4,720
Charge for year 6,033
At 31 March 2025 10,753
NET BOOK VALUE
At 31 March 2025 19,412
At 31 March 2024 25,445

5. STOCKS
2025 2024
£    £   
Stocks 138,233 134,297

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 1,108 -
Prepayments 8,505 3,069
9,613 3,069

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 10,446 10,193
Hire purchase contracts (see note 9) 9,174 2,932
Trade creditors 31,829 12,021
Corporation tax 5,358 7,163
Social security & other taxes 1,787 702
VAT 2,304 4,687
Other creditors 4,086 4,960
Directors' current accounts 9,461 8,599
Accrued expenses 3,170 1,949
77,615 53,206

OSTARVEN LTD (REGISTERED NUMBER: 01373362)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans - 1-2 years 2,582 10,446
Bank loans - 2-5 years - 2,582
Hire purchase contracts (see note 9) 14,760 23,815
17,342 36,843

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2025 2024
£    £   
Net obligations repayable:
Within one year 9,174 2,932
Between one and five years 14,760 23,815
23,934 26,747

Non-cancellable operating leases
2025 2024
£    £   
Within one year 16,917 14,500
Between one and five years - 16,917
16,917 31,417

10. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 13,028 23,221

Bank loans is a Bounce Back Loan that is secured by the UK government.