OSAC Ltd

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2—3

Registered number: 09608717

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		196		634

			196		634
CURRENT ASSETS
Debtors	5	232		408
Cash at bank and in hand		77,257		88,439

		77,489		88,847
Creditors: Amounts Falling Due Within One Year	6	(4,012 )		(15,609 )

NET CURRENT ASSETS (LIABILITIES)			73,477		73,238

TOTAL ASSETS LESS CURRENT LIABILITIES			73,673		73,872

NET ASSETS			73,673		73,872

CAPITAL AND RESERVES
Called up share capital	7		1		1
Income Statement			73,672		73,871

SHAREHOLDERS' FUNDS			73,673		73,872

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr Daniel Lawrence

Director

25 September 2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

OSAC Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09608717 . The registered office is Flat 1 The Hextable, 58 The Avenue, Beckenham, BR3 5ES.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

25% Straight Line Basis

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

2.5. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 January 2024	1,750

As at 31 December 2024	1,750

Depreciation
As at 1 January 2024	1,116
Provided during the period	438

As at 31 December 2024	1,554

...CONTINUED

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OSAC Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024	196

As at 1 January 2024	634

5. Debtors

	2024	2023
	£	£
Due within one year
VAT	232	408

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	522	-
Corporation tax	56	12,250
Accruals and deferred income	375	612
Director's loan account	3,059	2,747

	4,012	15,609

7. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

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