IRIS Accounts Production v25.1.4.42 07198410 Board of Directors 1.12.23 30.11.24 30.11.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh071984102023-11-30071984102024-11-30071984102023-12-012024-11-30071984102022-11-30071984102022-12-012023-11-30071984102023-11-3007198410ns15:EnglandWales2023-12-012024-11-3007198410ns14:PoundSterling2023-12-012024-11-3007198410ns10:Director12023-12-012024-11-3007198410ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3007198410ns10:SmallEntities2023-12-012024-11-3007198410ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-3007198410ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3007198410ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3007198410ns10:FullAccounts2023-12-012024-11-3007198410ns10:Director22023-12-012024-11-3007198410ns10:RegisteredOffice2023-12-012024-11-3007198410ns5:CurrentFinancialInstruments2024-11-3007198410ns5:CurrentFinancialInstruments2023-11-3007198410ns5:Non-currentFinancialInstruments2024-11-3007198410ns5:Non-currentFinancialInstruments2023-11-3007198410ns5:ShareCapital2024-11-3007198410ns5:ShareCapital2023-11-3007198410ns5:RetainedEarningsAccumulatedLosses2024-11-3007198410ns5:RetainedEarningsAccumulatedLosses2023-11-3007198410ns5:PlantMachinery2023-12-012024-11-3007198410ns5:PlantMachinery2023-11-3007198410ns5:MotorVehicles2023-11-3007198410ns5:MotorVehicles2023-12-012024-11-3007198410ns5:PlantMachinery2024-11-3007198410ns5:MotorVehicles2024-11-3007198410ns5:PlantMachinery2023-11-3007198410ns5:MotorVehicles2023-11-3007198410ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-11-3007198410ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-12-012024-11-3007198410ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-11-3007198410ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-11-3007198410ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-3007198410ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-30
REGISTERED NUMBER: 07198410 (England and Wales)















Unaudited Financial Statements For The Year Ended 30 November 2024

for

W M Osgerby Limited

W M Osgerby Limited (Registered number: 07198410)

Contents of the Financial Statements
For The Year Ended 30 November 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W M Osgerby Limited

Company Information
For The Year Ended 30 November 2024







DIRECTORS: Mr W M Osgerby
Mrs G Osgerby





REGISTERED OFFICE: Shrubbery Farm
Ottringham Road
Sunk Island
Hull
Yorkshire
HU12 0DY





REGISTERED NUMBER: 07198410 (England and Wales)





ACCOUNTANTS: Harris & Clarke LLP
7 Billing Road
Northampton
NORTHAMPTONSHIRE
NN1 5AN

W M Osgerby Limited (Registered number: 07198410)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 530,591 507,472

CURRENT ASSETS
Stocks 170 -
Debtors 5 18,380 39,594
Cash at bank 65,900 8,854
84,450 48,448
CREDITORS
Amounts falling due within one year 6 153,952 191,647
NET CURRENT LIABILITIES (69,502 ) (143,199 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

461,089

364,273

CREDITORS
Amounts falling due after more than one year 7 (88,912 ) (86,241 )

PROVISIONS FOR LIABILITIES (130,367 ) (94,583 )
NET ASSETS 241,810 183,449

W M Osgerby Limited (Registered number: 07198410)

Balance Sheet - continued
30 November 2024

2024 2023
Notes £    £    £    £   

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 241,809 183,448
SHAREHOLDERS' FUNDS 241,810 183,449

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 10 June 2025 and were signed on its behalf by:





Mr W M Osgerby - Director


W M Osgerby Limited (Registered number: 07198410)

Notes to the Financial Statements
For The Year Ended 30 November 2024


1. STATUTORY INFORMATION

W M Osgerby 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.

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The assets residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans from related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found , an impairment loss is recognised in profit or loss.


W M Osgerby Limited (Registered number: 07198410)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 8 (2023 - 6 ) .

W M Osgerby Limited (Registered number: 07198410)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 December 2023 769,886 41,345 811,231
Additions 79,975 - 79,975
Disposals (51,380 ) - (51,380 )
At 30 November 2024 798,481 41,345 839,826
DEPRECIATION
At 1 December 2023 281,241 22,518 303,759
Charge for year 39,019 2,053 41,072
Eliminated on disposal (35,596 ) - (35,596 )
At 30 November 2024 284,664 24,571 309,235
NET BOOK VALUE
At 30 November 2024 513,817 16,774 530,591
At 30 November 2023 488,645 18,827 507,472

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 December 2023 339,185
Additions 79,975
Reclassification/transfer (61,950 )
At 30 November 2024 357,210
DEPRECIATION
At 1 December 2023 79,020
Charge for year 21,370
Reclassification/transfer (14,466 )
At 30 November 2024 85,924
NET BOOK VALUE
At 30 November 2024 271,286
At 30 November 2023 260,165

W M Osgerby Limited (Registered number: 07198410)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,093 36,882
Other debtors 287 2,712
18,380 39,594

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,000 5,556
Hire purchase contracts 50,951 82,617
Trade creditors 5,083 1,053
Amounts owed to group undertakings 34,398 13,467
Taxation and social security 55,490 52,069
Other creditors 3,030 36,885
153,952 191,647

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 26,482 31,482
Hire purchase contracts 62,430 54,759
88,912 86,241

8. ULTIMATE CONTROLLING PARTY

The controlling party is Michael Osgerby (Agriculture) Limited.