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Registered Number: 10268155
England and Wales

 

 

 

OSOLOCAL LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

Osolocal Ltd
Contents Page
For the year ended 31 December 2024
Director R Lawless
Registered Number 10268155
Registered Office Unit 2
Horner House New Spitalfields Market
London
London
E10 5SQ
Accountants Versa Tax Solutions Ltd
9 Corbets Tey Road
Upminster
Essex
RM14 2AP
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 31 December 2024
Principal activities
Principal activity of the company during the financial was of other processing and preserving of fruit and vegetables.
Director
The director who served the company throughout the year was as follows:
R Lawless
Statement of director's responsibilities
The director is responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.


----------------------------------
R Lawless
Director

Date approved: 30 September 2025
2
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 December 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Versa Tax Solutions Ltd
31 December 2024



....................................................
Versa Tax Solutions Ltd
9 Corbets Tey Road
Upminster
Essex
RM14 2AP
30 September 2025
3
 
 		 Notes
 		 2024
£		   2023
£
Fixed assets      
Tangible fixed assets 3 51,126    61,333 
51,126    61,333 
Current assets      
Debtors 4 1,231,512    1,970,299 
Cash at bank and in hand 77,464    18,235 
1,308,976    1,988,534 
Creditors: amount falling due within one year 5 (811,132)   (1,719,910)
Net current assets 497,844    268,624 
 
Total assets less current liabilities 548,970    329,957 
Creditors: amount falling due after more than one year 6 (468,689)   (299,431)
Net assets 80,281    30,526 
 

Capital and reserves 		     
Called up share capital 100    100 
Profit and loss account 80,181    30,426 
Shareholders' funds 80,281    30,526 
 


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

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 30 September 2025 and were signed by:


-------------------------------
R Lawless
Director
4
General Information
Osolocal Ltd is a private company, limited by shares, registered in England and Wales, registration number 10268155, registration address Unit 2, Horner House New Spitalfields Market, London, London, E10 5SQ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 20% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Total
  £   £
At 01 January 2024 64,000    64,000 
Additions -    - 
Disposals -    - 
At 31 December 2024 64,000    64,000 
Depreciation
At 01 January 2024 2,667    2,667 
Charge for year 10,207    10,207 
On disposals -    - 
At 31 December 2024 12,874    12,874 
Net book values
Closing balance as at 31 December 2024 51,126    51,126 
Opening balance as at 01 January 2024 61,333    61,333 


4.

Debtors: amounts falling due within one year

2024
£		   2023
£
Trade Debtors 568,890    624,709 
Amount Owed by Group Undertakings 493,808    1,189,718 
Other Debtors 168,814    155,872 
1,231,512    1,970,299 

5.

Creditors: amount falling due within one year

2024
£		   2023
£
Trade Creditors 166,454    973,251 
Bank Loans & Overdrafts 606,750    708,698 
Corporation Tax 13,137    0 
Taxation and Social security 927    3,103 
Other Creditors 23,864    34,858 
811,132    1,719,910 

6.

Creditors: amount falling due after more than one year

2024
£		   2023
£
Other Creditors 468,689    299,431 
468,689    299,431 

5