Osprey Cleaning Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC299899 (Scotland)

Abridged Unaudited Financial Statements for the Year Ended 5 April 2020

for

Osprey Cleaning Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Miss S McMillan

REGISTERED OFFICE:

25 Manor Street

Falkirk

Stirlingshire

FK1 1NH

BUSINESS ADDRESS:

Huntershill Business Centre

25 Auchinairn Road

Bishopbriggs

Glasgow

G64 1RX

REGISTERED NUMBER:

SC299899 (Scotland)

ACCOUNTANTS:

Jenkins & Co.

25 Manor Street

Falkirk

Stirlingshire

FK1 1NH

BANKERS:

TSB Bank plc

Glasgow North Business & Commercial

Glasgow

FIXED ASSETS

Tangible assets

4

1,466

1,832

CURRENT ASSETS

Debtors

24,431

23,295

Cash at bank

5,774

1,242

30,205

24,537

CREDITORS

Amounts falling due within one year

(31,669

)

(26,368

)

NET CURRENT LIABILITIES

(1,464

)

(1,831

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2

1

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

1

-

SHAREHOLDERS' FUNDS

2

1

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 5 April 2020 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 March 2021 and were signed by:

Miss S McMillan - Director

1.	STATUTORY INFORMATION

Osprey Cleaning Ltd is a private company, limited by shares , registered in Scotland. 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.

Plant and machinery etc

-

20% on reducing balance

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2019 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 6 April 2019

and 5 April 2020

17,018

DEPRECIATION

At 6 April 2019

15,186

Charge for year

366

At 5 April 2020

15,552

NET BOOK VALUE

At 5 April 2020

1,466

At 5 April 2019

1,832

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 5 April 2020 and 5 April 2019:

2020

2019

£

£

Miss S McMillan

Balance outstanding at start of year

17,523

4,808

Amounts advanced

35,291

48,731

Amounts repaid

(34,428

)

(36,016

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

18,386

17,523

These loans are repayable on demand.

6.	ULTIMATE CONTROLLING PARTY

The controlling party is Miss S McMillan.