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REGISTERED NUMBER: 04545584 (England and Wales)

















A P Osmond Thatching Limited

Financial Statements

for the Year Ended 31 October 2024






A P Osmond Thatching Limited (Registered number: 04545584)

Contents of the Financial Statements
for the year ended 31 October 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A P Osmond Thatching Limited

Company Information
for the year ended 31 October 2024







DIRECTOR: A P Osmond





SECRETARY: Mrs F J Osmond





REGISTERED OFFICE: 24 Cornwall Road
Dorchester
Dorset
DT1 1RX





REGISTERED NUMBER: 04545584 (England and Wales)





ACCOUNTANTS: Read Woodruff
Chartered Accountants
24 Cornwall Road
Dorchester
Dorset
DT1 1RX

A P Osmond Thatching Limited (Registered number: 04545584)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,276 1,724
7,276 1,724

CURRENT ASSETS
Debtors 6 2,563 716
Cash at bank 13,770 12,398
16,333 13,114
CREDITORS
Amounts falling due within one year 7 6,084 6,424
NET CURRENT ASSETS 10,249 6,690
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,525

8,414

PROVISIONS FOR LIABILITIES 1,382 328
NET ASSETS 16,143 8,086

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 16,140 8,083
SHAREHOLDERS' FUNDS 16,143 8,086

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 July 2025 and were signed by:





A P Osmond - Director


A P Osmond Thatching Limited (Registered number: 04545584)

Notes to the Financial Statements
for the year ended 31 October 2024


1. STATUTORY INFORMATION

A P Osmond Thatching Limited 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.

Turnover represents net invoiced sales income for the supply of thatching services and materials. The company is not VAT registered.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Office equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

A P Osmond Thatching Limited (Registered number: 04545584)

Notes to the Financial Statements - continued
for the year ended 31 October 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 15,000
AMORTISATION
At 1 November 2023
and 31 October 2024 15,000
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Office Motor
machinery equipment vehicles Totals
£    £    £    £   
COST
At 1 November 2023 3,557 1,910 4,000 9,467
Additions 818 - 8,495 9,313
Disposals (737 ) (1,910 ) (4,000 ) (6,647 )
At 31 October 2024 3,638 - 8,495 12,133
DEPRECIATION
At 1 November 2023 3,283 1,726 2,734 7,743
Charge for year 159 - 2,124 2,283
Eliminated on disposal (709 ) (1,726 ) (2,734 ) (5,169 )
At 31 October 2024 2,733 - 2,124 4,857
NET BOOK VALUE
At 31 October 2024 905 - 6,371 7,276
At 31 October 2023 274 184 1,266 1,724

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts recoverable on contracts 2,563 -
Other debtors - 716
2,563 716

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 726 690
UK corporation tax 3,884 3,823
Tax and social security costs 13 -
Directors' current accounts 124 278
Accruals and deferred income 1,337 1,633
6,084 6,424