REGISTERED NUMBER: 03323855 (England and Wales)

OSAI-UK LTD

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Maurizio Basso

Federico Ziliani

REGISTERED OFFICE:

Mount House

Bond Avenue

Bletchley

Milton Keynes

Buckinghamshire

MK1 1SF

REGISTERED NUMBER:

03323855 (England and Wales)

SENIOR STATUTORY AUDITOR:

Mr Shaun Balch

AUDITORS:

Thompson Balch Limited

Chartered Accountants and Statutory Auditors

Sovereign House

15 Towcester Road

Old Stratford

Milton Keynes

MK19 6AN

FIXED ASSETS

Tangible assets

4

1,156

1,542

CURRENT ASSETS

Stocks

195,627

192,424

Debtors

5

73,254

68,343

Cash at bank and in hand

476,824

493,809

745,705

754,576

CREDITORS

Amounts falling due within one year

6

95,138

97,565

NET CURRENT ASSETS

650,567

657,011

TOTAL ASSETS LESS CURRENT LIABILITIES

651,723

658,553

PROVISIONS FOR LIABILITIES

289

806

NET ASSETS

651,434

657,747

CAPITAL AND RESERVES

Called up share capital

160,000

160,000

Retained earnings

491,434

497,747

651,434

657,747

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 17 September 2025 and were signed on its behalf by:

Maurizio Basso - Director

1.	STATUTORY INFORMATION

OSAI-UK 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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.

Computer equipment

-

25% on reducing balance

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 Statement of Income and Retained Earnings, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

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 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

27,834

8,272

107,108

143,214

Disposals

-

-

(5,026

)

(5,026

)

At 31 December 2024

27,834

8,272

102,082

138,188

DEPRECIATION

At 1 January 2024

27,834

8,272

105,566

141,672

Charge for year

-

-

386

386

Eliminated on disposal

-

-

(5,026

)

(5,026

)

At 31 December 2024

27,834

8,272

100,926

137,032

NET BOOK VALUE

At 31 December 2024

-

-

1,156

1,156

At 31 December 2023

-

-

1,542

1,542

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

51,667

47,144

Other debtors

21,587

21,199

73,254

68,343

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

4,317

2,345

Amounts owed to group undertakings

28,410

20,323

Taxation and social security

5,759

30,483

Other creditors

56,652

44,414

95,138

97,565

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Shaun Balch (Senior Statutory Auditor)

for and on behalf of Thompson Balch Limited

8.	ULTIMATE CONTROLLING PARTY

The ultimate parent company at 31st December 2023 is Ningbo Physis Technology Co. Ltd based in China.