OSMAN &OMAR LTD - Accounts

OSMAN &OMAR LTD - Accounts

OSMAN &OMAR LTD - Company Information

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Registered Number: 8572778


 

 

 

OSMAN &OMAR LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 September 2018

End date: 31 August 2019

OSMAN &OMAR LTD
Contents Page
For the year ended 31 August 2019
Director Aman MESRY
Registered Number 8572778
Registered Office 61 - L High Street
Harrow
HA3 5DQ
Accountants Edgware Accountants and Tax Advisors Ltd
Liberty House
30 Whitchurch Lane
Edgware
HA8 6LE
1
The directors present their annual report and the financial statements for the year ended 31 August 2019.
Principal activities
Principal activity of the company during the financial year was of ...
Director
The director who served the company throughout the year was as follows:
Aman MESRY
Statement of director's responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions
Each director who held office at the date of approval of this report confirms that: so far as the director is aware, there is no relevant audit information needed by the company’s auditor in connection with preparing their report of which the company's auditor is unaware; and the director has taken all the steps that they ought to have taken as a director in order to be aware of any relevant audit information and to establish that the company's auditor is aware of that information .

On behalf of the board.


----------------------------------
Aman MESRY
Director

Date approved: 03 September 2020
2
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 August 2019 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Edgware Accountants and Tax Advisors Ltd
31 August 2019



....................................................
Edgware Accountants and Tax Advisors Ltd
Liberty House
30 Whitchurch Lane
Edgware
HA8 6LE
03 September 2020
3
 
 		 Notes
 		 2019
£
Fixed assets    
Tangible fixed assets 2 2,034 
2,034 
Current assets    
Stocks 3 4,071 
Cash at bank and in hand 2,240 
6,311 
Creditors: amount falling due within one year 4 (6,920)
Net current assets (609)
 
Total assets less current liabilities 1,425 
Creditors: amount falling due after more than one year 5 (22,200)
Net assets (20,775)
 

Capital and reserves 		   
Called up share capital 100 
Profit and loss account (20,875)
Shareholders funds (20,775)
 


For the year ended 31 August 2019 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. 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
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 03 September 2020 and were signed by:


--------------------------------
Aman MESRY
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 September 2018 100  (7,056) (6,956)
Profit for the year (13,819) (13,819)
Total comprehensive income for the year -  (13,819) (13,819)
Total investments by and distributions to owners -  -  - 
At 31 August 2019 100  (20,875) (20,775)
5
General Information
OSMAN &OMAR LTD is a private company, limited by shares, registered in , registration number 8572778, registration address 61 - L High Street, Harrow, HA3 5DQ

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 18% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 01 September 2018 4,500    4,500 
Additions -    - 
Disposals -    - 
At 31 August 2019 4,500    4,500 
Depreciation
At 01 September 2018 2,019    2,019 
Charge for year 447    447 
On disposals -    - 
At 31 August 2019 2,466    2,466 
Net book values
Closing balance as at 31 August 2019 2,034    2,034 
Opening balance as at 01 September 2018 2,481    2,481 


3.

Stocks

2019
£
Stocks 4,071 
4,071 

4.

Creditors: amount falling due within one year

2019
£
Trade Creditors 6,920 
6,920 

5.

Creditors: amount falling due after more than one year

2019
£
Directors' Loan Accounts 22,200 
22,200 

6