OSC LTD

Company Registration Number:
06349148 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2024

Period of accounts

Start date: 01 December 2023

End date: 30 September 2024

OSC LTD

Contents of the Financial Statements

for the Period Ended 30 September 2024

Balance sheet
Notes

OSC LTD

Balance sheet

As at 30 September 2024


Notes
10 months to 30 September 2024
2023


£
£
Fixed assets
Intangible assets: 3 140,464 153,975
Tangible assets: 4 34,344 53,811
Total fixed assets: 174,808 207,786
Current assets
Debtors: 5 6,518,576 6,073,919
Cash at bank and in hand: 1,497,368 1,904,387
Total current assets: 8,015,944 7,978,306
Creditors: amounts falling due within one year: 6 (668,318) (622,374)
Net current assets (liabilities): 7,347,626 7,355,932
Total assets less current liabilities: 7,522,434 7,563,718
Provision for liabilities: (7,500) (7,500)
Total net assets (liabilities): 7,514,934 7,556,218
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 7,513,934 7,555,218
Shareholders funds: 7,514,934 7,556,218

The notes form part of these financial statements

OSC LTD

Balance sheet statements

For the year ending 30 September 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 02 October 2025
and signed on behalf of the board by:

Name: Mrs S J Bryant
Status: Director

The notes form part of these financial statements

OSC LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises income from the sale of training courses and is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Leasehold improvements Plant and machinery etc Fixtures, fittings, tools and equipment over the lease term over 5 years over 5 years Gains and losses on disposal are determined by comparing the proceeds with the carrying value and and are credited or charged to the profit and loss account.

Intangible fixed assets and amortisation policy

Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. Intangible fixed assets are being amortised over a period of 5 years, being the directors' estimate of useful economic life. Website development costs are amortised over a period of 5 years subject to ongoing maintenance, being the directors' estimate of the period over which the website is expected to generate incremental sales.

OSC LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

2. Employees

10 months to 30 September 2024 2023
Average number of employees during the period 45 46

OSC LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Intangible Assets

Total
Cost £
At 01 December 2023 594,089
Additions 39,939
At 30 September 2024 634,028
Amortisation
At 01 December 2023 440,114
Charge for year 53,450
At 30 September 2024 493,564
Net book value
At 30 September 2024 140,464
At 30 November 2023 153,975

OSC LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Tangible Assets

Total
Cost £
At 01 December 2023 302,429
Additions 533
At 30 September 2024 302,962
Depreciation
At 01 December 2023 248,618
Charge for year 20,000
At 30 September 2024 268,618
Net book value
At 30 September 2024 34,344
At 30 November 2023 53,811

OSC LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

5. Debtors

10 months to 30 September 2024 2023
££
Debtors due after more than one year: 0 0

OSC LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

6. Creditors: amounts falling due within one year note

Creditors: amounts falling due within one year 2024 30.11.23 £ £ Trade creditors 459,399 272,359 Taxation and social security costs 11,960 76,747 Accruals and deferred income 196,959 273,268 668,318 622,374

OSC LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

7. Financial commitments

Total future minimum payments under non-cancellable operating leases £ £ Due within one year 115,048 115,048 Due after one year 425,306 512,534 627,402 618,450

OSC LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

8. Loans to directors

Name of director receiving advance or credit: Total
Description of the loan: Interest bearing and repayable on demand. The company charged interest at a rate of 3% on overdrawn directors loan accounts.
£
Balance at 01 December 2023 1,146,340
Advances or credits made: 167,510
Advances or credits repaid: 330,000
Balance at 30 September 2024 983,850

OSC LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

9. Related party transactions

Name of the related party: Ensco 1424 Limited
Relationship:
Ultimate parent undertaking
Description of the Transaction: The company has taken advantage of the exemption not to disclose transactions entered into between two members of a group provided that any subsidiary which is a party to the transaction is wholly owned.
£
Balance at 01 December 2023 4,489,760
Balance at 30 September 2024 5,164,848