REGISTERED NUMBER: 03658270 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

OSBORNE TECHNOLOGIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T Osborne

Mrs S C Osborne

Mr T Rushforth

Mr N Roberts

Mr T E Atkinson

SECRETARY:

Mrs S C Osborne

REGISTERED OFFICE:

Capital Park

Unit 14 Capital Court

Dodworth

Barnsley

South Yorkshire

S75 3UD

REGISTERED NUMBER:

03658270 (England and Wales)

ACCOUNTANTS:

Gibson Booth Limited

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

FIXED ASSETS

Tangible assets

4

292,558

363,808

Investments

5

92,028

92,028

384,586

455,836

CURRENT ASSETS

Stocks

432,495

412,195

Debtors

6

584,241

1,790,605

Cash at bank

132,478

241,953

1,149,214

2,444,753

CREDITORS

Amounts falling due within one year

7

963,113

856,737

NET CURRENT ASSETS

186,101

1,588,016

TOTAL ASSETS LESS CURRENT LIABILITIES

570,687

2,043,852

CREDITORS

Amounts falling due after more than one year

8

53,002

194,050

NET ASSETS

517,685

1,849,802

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

517,585

1,849,702

SHAREHOLDERS' FUNDS

517,685

1,849,802

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 8 December 2025 and were signed on its behalf by:

Mr T Osborne - Director

1.	STATUTORY INFORMATION

Osborne Technologies Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Significant judgements and estimates

No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Fixtures and Fittings

- 10% straight line

Motor Vehicles

- 25% straight line

Computer Equipment

- 25% straight line

Plant and Machinery

- 10% straight line

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Deferred capital grants

Deferred capital grants in respect of capital expenditure are treated as deferred income and are credited to the profit and loss account over the estimated useful life of the assets to which they relate.

Grant income

Revenue grants are recognised in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 52 (2024 - 47 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2024

41,274

69,138

522,234

Additions

-

10,116

2,900

Disposals

-

(20,308

)

-

At 31 March 2025

41,274

58,946

525,134

DEPRECIATION

At 1 April 2024

15,415

34,317

364,726

Charge for year

6,072

5,216

50,939

Eliminated on disposal

-

-

-

Charge written back

-

(20,308

)

-

At 31 March 2025

21,487

19,225

415,665

NET BOOK VALUE

At 31 March 2025

19,787

39,721

109,469

At 31 March 2024

25,859

34,821

157,508

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

396,256

241,191

1,270,093

Additions

48,325

25,621

86,962

Disposals

(84,947

)

(9,590

)

(114,845

)

At 31 March 2025

359,634

257,222

1,242,210

DEPRECIATION

At 1 April 2024

295,838

195,989

906,285

Charge for year

45,993

33,063

141,283

Eliminated on disposal

(69,616

)

(7,992

)

(77,608

)

Charge written back

-

-

(20,308

)

At 31 March 2025

272,215

221,060

949,652

NET BOOK VALUE

At 31 March 2025

87,419

36,162

292,558

At 31 March 2024

100,418

45,202

363,808

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

168,439

Additions

48,325

Disposals

(36,795

)

Reclassification/transfer

(21,500

)

At 31 March 2025

158,469

DEPRECIATION

At 1 April 2024

71,073

Charge for year

38,463

Eliminated on disposal

(21,464

)

Reclassification/transfer

(17,021

)

At 31 March 2025

71,051

NET BOOK VALUE

At 31 March 2025

87,418

At 31 March 2024

97,366

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

92,028

NET BOOK VALUE

At 31 March 2025

92,028

At 31 March 2024

92,028

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

410,681

435,689

Amounts owed by group undertakings

-

1,109,014

Other debtors

31,134

19,618

Directors' current accounts

-

40,945

Prepayments and accrued income

142,426

185,339

584,241

1,790,605

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans

140,000

140,000

Hire purchase contracts (see note 9)

28,469

29,688

Trade creditors

274,602

144,829

Social security and other taxes

57,025

54,473

VAT

142,990

146,787

Other creditors

147,338

245,252

Directors' current accounts

141,872

-

Accruals and deferred income

30,817

95,708

963,113

856,737

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

11,667

140,000

Bank loans - 2-5 years

-

11,667

Hire purchase contracts (see note 9)

33,319

42,383

Accruals and deferred income

8,016

-

53,002

194,050

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

28,469

29,688

Between one and five years

33,319

42,383

61,788

72,071

Non-cancellable

operating leases

2025

2024

£

£

Within one year

95,525

70,000

Between one and five years

323,781

280,000

In more than five years

35,000

105,000

454,306

455,000

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank Loans

151,667

291,667

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mr T Osborne

Balance outstanding at start of year

20,473

9,440

Amounts advanced

90,000

90,033

Amounts repaid

(181,409

)

(79,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(70,936

)

20,473

Mrs S C Osborne

Balance outstanding at start of year

20,472

9,440

Amounts advanced

90,000

90,032

Amounts repaid

(181,408

)

(79,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(70,936

)

20,472

13.	RELATED PARTY DISCLOSURES

Entity over which the entity has control, joint control or significant influence

31.03.25

30.03.24

£

£

Sales to related party

256,915

161,572

Net amounts due from related party

-

1,109,014

Amounts written off

1,277,440

-

Other related party transactions

Mr P Ferguson, a shareholder, provided the company with an unsecured loan of £30,000 (2024 £30,000). Mr P Ferguson also provided the company with an unsecured, interest free, loan of £95,993 (2024 £80,826).

During the year Mr P Ferguson passed away the balances of the above loans are owed to his estate.