Company Registration No. SC674371 (Scotland)
OS1A LTD
Unaudited accounts
for the year ended 31 December 2024
OS1A LTD
Company Information
for the year ended 31 December 2024
Director
Stanislaw Przygodzki
Company Number
SC674371 (Scotland)
Registered Office
101 Rose Street South Lane
Edinburgh
Midlothian
EH2 3JG
Scotland
Accountants
Euro Lex Ltd
27 Old Gloucester Street
London
WC1N 3AX
OS1A LTD
Accountants' report
Accountants' report to the director of OS1A LTD on the preparation of the unaudited statutory accounts for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
OS1A LTD for the year ended
31 December 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of OS1A LTD, as a body, in accordance with the terms of our engagement letter dated 20 November 2023. Our work has been undertaken solely to prepare for your approval the accounts of OS1A LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than OS1A LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that OS1A LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of OS1A LTD. You consider that OS1A LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of OS1A LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Euro Lex Ltd
27 Old Gloucester Street
London
WC1N 3AX
30 September 2025
OS1A LTD
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
93,626
36,084
Net current assets
434,736
381,230
Net assets
434,736
599,373
Called up share capital
492,000
492,000
Capital redemption reserve
133,438
133,438
Profit and loss account
(190,702)
(26,065)
Shareholders' funds
434,736
599,373
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 members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 September 2025 and were signed on its behalf by
Stanislaw Przygodzki
Director
Company Registration No. SC674371
OS1A LTD
Notes to the Accounts
for the year ended 31 December 2024
OS1A LTD is a private company, limited by shares, registered in Scotland, registration number SC674371. The registered office is 101 Rose Street South Lane, Edinburgh, Midlothian, EH2 3JG, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in pounds sterling (£), which is the Company’s functional and presentation currency.
Transactions denominated in foreign currencies (principally PLN) are translated into sterling at the exchange rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the closing spot rate at the statement of financial position date.
For the year ended 31 December 2024, the Company translated PLN-denominated balances at £1 = PLN 5.17362 (Bank closing spot on 31 December 2024). Resulting exchange differences are recognised in the profit and loss account as incurred.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Tangible fixed assets — disposals in the year
In prior periods the Company held property and other tangible fixed assets, including assets originally contributed in kind by a former shareholder.
During the year ended 31 December 2024, all tangible fixed assets were disposed of and no tangible fixed assets were held at the year end.
The aggregate carrying amount (NBV) of tangible fixed assets disposed of was £218,143, and the aggregate proceeds recognised on disposal were £113,074, giving rise to a loss on disposal of £105,069.
This amount is presented within exceptional items in the profit and loss account as “Loss on disposal of tangible fixed assets” for the year then ended.
No additions, revaluations or depreciation charges were recognised in the year.
OS1A LTD
Notes to the Accounts
for the year ended 31 December 2024
Cash and cash equivalents
Cash at bank at 31 December 2024 comprises PLN-denominated balances of approximately PLN 484,384, translated at the closing rate of £1 = PLN 5.17362, giving a sterling balance of £93,626.
In addition, PLN-denominated balances of PLN 81,000 (translated as £15,665) have been classified as trade debtors due within one year, and PLN 1,683,491 (translated as £325,445) have been classified as debtors due after more than one year (see Note 5).
Together these amounts represent the Company’s total PLN holdings of PLN 2,248,874.98 at the balance sheet date.
Other operating income of £15,665 represents exchange differences arising on translation of PLN balances at the year end.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2024
218,743
42,216
72,568
48,211
381,738
Disposals
(218,743)
-
(72,568)
(48,211)
(339,522)
At 31 December 2024
-
42,216
-
-
42,216
At 1 January 2024
16,011
42,216
62,554
42,814
163,595
On disposals
(16,011)
-
(62,554)
(42,814)
(121,379)
At 31 December 2024
-
42,216
-
-
42,216
At 31 December 2024
-
-
-
-
-
At 31 December 2023
202,732
-
10,014
5,397
218,143
Amounts falling due within one year
Trade debtors
15,665
17,915
Amounts due from group undertakings etc.
-
179
Amounts falling due after more than one year
6
Investments held as current assets
2024
2023
OS1A LTD
Notes to the Accounts
for the year ended 31 December 2024
7
Post balance sheet events
On 30 September 2025, the shareholders approved a reduction of share capital pursuant to sections 641–644 of the Companies Act 2006 by solvency statement.
The Company’s issued share capital was reduced from £492,000 to £1,000, with £491,000 transferred to a capital reduction reserve. An amount of £190,617 of that reserve was applied to eliminate accumulated losses, with the balance retained within reserves.
These changes have no impact on the statement of financial position as at 31 December 2024 and will be reflected in subsequent financial statements.
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).