Company Registration No. 4365688 (England and Wales)
K Osborne Limited
Unaudited accounts
for the year ended 31 March 2019
K Osborne Limited
Unaudited accounts
Contents
K Osborne Limited
Company Information
for the year ended 31 March 2019
Directors
Kevin W Osborne
Kyle Osborne
Company Number
4365688 (England and Wales)
Registered Office
Dan-y-Coed
1 Graig-y-Fforest
Treforest
Pontypridd
CF37 1UA
Accountants
R H Jeffs & Rowe Ltd
27-28 Gelliwastad Road
Pontypridd
CF37 2BW
K Osborne Limited
Statement of financial position
as at
31 March 2019
Tangible assets
12,263
16,341
Cash at bank and in hand
1,367
1,513
Creditors: amounts falling due within one year
(13,643)
(15,498)
Net current liabilities
(7,610)
(9,046)
Total assets less current liabilities
4,653
7,295
Creditors: amounts falling due after more than one year
(3,956)
(5,997)
Called up share capital
100
100
Profit and loss account
597
1,198
Shareholders' funds
697
1,298
For the year ending 31 March 2019 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 10 June 2019.
Kevin W Osborne
Director
Company Registration No. 4365688
K Osborne Limited
Notes to the Accounts
for the year ended 31 March 2019
K Osborne Limited is a private company, limited by shares, registered in England and Wales, registration number 4365688. The registered office is Dan-y-Coed , 1 Graig-y-Fforest , Treforest, Pontypridd, CF37 1UA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Fixtures & fittings
20% reducing balance
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
K Osborne Limited
Notes to the Accounts
for the year ended 31 March 2019
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2018
27,910
1,522
29,432
At 31 March 2019
27,910
1,522
29,432
At 1 April 2018
11,716
1,375
13,091
Charge for the year
4,048
30
4,078
At 31 March 2019
15,764
1,405
17,169
At 31 March 2019
12,146
117
12,263
At 31 March 2018
16,194
147
16,341
Work in progress
2,000
2,604
Trade debtors
2,202
2,101
Accrued income and prepayments
464
234
7
Creditors: amounts falling due within one year
2019
2018
Obligations under finance leases and hire purchase contracts
2,041
2,041
Taxes and social security
10,902
12,517
Loans from directors
56
316
8
Creditors: amounts falling due after more than one year
2019
2018
Obligations under finance leases and hire purchase contracts
3,956
5,997
9
Average number of employees
During the year the average number of employees was 2 (2018: 2).