REGISTERED NUMBER: 13382734 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

Oscon Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs A Brown

Mr A Brown

REGISTERED OFFICE:

53 Waltham Road

Woodford Green

IG8 8EB

REGISTERED NUMBER:

13382734 (England and Wales)

ACCOUNTANTS:

Nordens

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

FIXED ASSETS

Tangible assets

4

21,585

10,161

Investments

5

33

-

21,618

10,161

CURRENT ASSETS

Stocks

10,150

-

Debtors

6

1,060

53,088

Cash at bank

35,931

37,462

47,141

90,550

CREDITORS

Amounts falling due within one year

7

33,420

88,012

NET CURRENT ASSETS

13,721

2,538

TOTAL ASSETS LESS CURRENT LIABILITIES

35,339

12,699

CREDITORS

Amounts falling due after more than one year

8

8,050

-

NET ASSETS

27,289

12,699

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

27,287

12,697

27,289

12,699

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 by the Board of Directors and authorised for issue on 20 May 2026 and were signed on its behalf by:

Mr A Brown - Director

Mrs A Brown - Director

1.	STATUTORY INFORMATION

Oscon Limited 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 June 2024

18,470

3,930

22,400

Additions

19,142

1,425

20,567

At 31 May 2025

37,612

5,355

42,967

DEPRECIATION

At 1 June 2024

10,678

1,561

12,239

Charge for year

8,194

949

9,143

At 31 May 2025

18,872

2,510

21,382

NET BOOK VALUE

At 31 May 2025

18,740

2,845

21,585

At 31 May 2024

7,792

2,369

10,161

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

Motor

vehicles

£

COST

Additions

19,142

At 31 May 2025

19,142

DEPRECIATION

Charge for year

6,246

At 31 May 2025

6,246

NET BOOK VALUE

At 31 May 2025

12,896

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

33

At 31 May 2025

33

NET BOOK VALUE

At 31 May 2025

33

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

-

53,088

Other debtors

1,060

-

1,060

53,088

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Hire purchase contracts

4,847

-

Trade creditors

-

20,269

Taxation and social security

27,992

64,312

Other creditors

581

3,431

33,420

88,012

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Hire purchase contracts

8,050

-