Company registration number 13195758 (England and Wales)
STEVE OSBORNE CONSTRUCTION LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
STEVE OSBORNE CONSTRUCTION LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
STEVE OSBORNE CONSTRUCTION LTD
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
17,131
13,048
Current assets
Debtors
5
13,139
25,283
Cash at bank and in hand
53,341
10,900
66,480
36,183
Creditors: amounts falling due within one year
6
(57,695)
(39,836)
Net current assets/(liabilities)
8,785
(3,653)
Net assets
25,916
9,395
Capital and reserves
Called up share capital
90
90
Profit and loss reserves
25,826
9,305
Total equity
25,916
9,395

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 19 November 2025 and are signed on its behalf by:
K Tilley
Director
Company registration number 13195758 (England and Wales)
STEVE OSBORNE CONSTRUCTION LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Steve Osborne Construction Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Tanyard, 1 Dark Lane, Malmesbury, Wiltshire, SN16 0JD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recover ed.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance
Fixtures and fittings
25% reducing balance
Computers
4 year straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Financial instruments

The company has the following financial instruments:

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

STEVE OSBORNE CONSTRUCTION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.5
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.7
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.8
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

STEVE OSBORNE CONSTRUCTION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was 4 (2024 - 4).

4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024
20,185
Additions
9,950
At 31 March 2025
30,135
Depreciation and impairment
At 1 April 2024
7,137
Depreciation charged in the year
5,867
At 31 March 2025
13,004
Carrying amount
At 31 March 2025
17,131
At 31 March 2024
13,048
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
6,493
25,283
Other debtors
6,646
-
0
13,139
25,283
STEVE OSBORNE CONSTRUCTION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
12,157
4,748
Corporation tax
17,673
16,554
Other taxation and social security
22,901
14,838
Other creditors
4,964
3,696
57,695
39,836
7
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
-
0
833
2025-03-31 2024-04-01 false false false 19 November 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity K Tilley A Wicks S Osborne 4 13195758 2024-04-01 2025-03-31 13195758 2025-03-31 13195758 2024-03-31 13195758 core:OtherPropertyPlantEquipment 2025-03-31 13195758 core:OtherPropertyPlantEquipment 2024-03-31 13195758 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 13195758 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 13195758 core:CurrentFinancialInstruments 2025-03-31 13195758 core:CurrentFinancialInstruments 2024-03-31 13195758 core:ShareCapital 2025-03-31 13195758 core:ShareCapital 2024-03-31 13195758 core:RetainedEarningsAccumulatedLosses 2025-03-31 13195758 core:RetainedEarningsAccumulatedLosses 2024-03-31 13195758 bus:Director1 2024-04-01 2025-03-31 13195758 core:PlantMachinery 2024-04-01 2025-03-31 13195758 core:FurnitureFittings 2024-04-01 2025-03-31 13195758 core:ComputerEquipment 2024-04-01 2025-03-31 13195758 core:MotorVehicles 2024-04-01 2025-03-31 13195758 core:OtherPropertyPlantEquipment 2024-03-31 13195758 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 13195758 core:WithinOneYear 2025-03-31 13195758 core:WithinOneYear 2024-03-31 13195758 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13195758 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 13195758 bus:FRS102 2024-04-01 2025-03-31 13195758 bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 13195758 bus:Director2 2024-04-01 2025-03-31 13195758 bus:Director3 2024-04-01 2025-03-31 13195758 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP