Registered number
07592132
Osborne Thomas Limited
Unaudited Filleted Accounts
31 December 2024
Osborne Thomas Limited
Registered number: 07592132
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 33,946 40,499
Current assets
Debtors 4 172,818 190,165
Cash at bank and in hand 6,070 34,691
178,888 224,856
Creditors: amounts falling due within one year 5 (156,289) (193,628)
Net current assets 22,599 31,228
Total assets less current liabilities 56,545 71,727
Creditors: amounts falling due after more than one year 6 (20,034) (28,523)
Net assets 36,511 43,204
Capital and reserves
Called up share capital 100 100
Profit and loss account 36,411 43,104
Shareholders' funds 36,511 43,204
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs J Osborne
Director
Approved by the board on 22 September 2025
Osborne Thomas Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 13 13
3 Tangible fixed assets
Computers & equipment Motor vehicles Total
£ £ £
Cost
At 1 January 2024 28,867 34,127 62,994
Additions 4,541 - 4,541
At 31 December 2024 33,408 34,127 67,535
Depreciation
At 1 January 2024 22,495 - 22,495
Charge for the year 4,385 6,709 11,094
At 31 December 2024 26,880 6,709 33,589
Net book value
At 31 December 2024 6,528 27,418 33,946
At 31 December 2023 6,372 34,127 40,499
4 Debtors 2024 2023
£ £
Trade debtors 138,258 134,010
Other debtors 34,560 56,155
172,818 190,165
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 5,596 5,604
Trade creditors 26,267 36,469
Taxation and social security costs 56,830 64,853
Other creditors 67,596 86,702
156,289 193,628
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 20,034 28,523
7 Other information
Osborne Thomas Limited is a private company limited by shares and incorporated in England. Its registered office is:
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
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