Osmax Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 09063217 (England and Wales)

Financial Statements

for the Year Ended 31 May 2022

for

OSMAX LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr S P Baker

REGISTERED OFFICE:

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

REGISTERED NUMBER:

09063217 (England and Wales)

ACCOUNTANTS:

Jeff Lermer & Associates

Chartered Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Investments

4

149,650

140,481

CURRENT ASSETS

Debtors

5

249,386

-

Cash at bank

267,457

222,457

516,843

222,457

CREDITORS

Amounts falling due within one year

6

65,951

1,440

NET CURRENT ASSETS

450,892

221,017

TOTAL ASSETS LESS CURRENT LIABILITIES

600,542

361,498

PROVISIONS FOR LIABILITIES

7

6,902

-

NET ASSETS

593,640

361,498

CAPITAL AND RESERVES

Called up share capital

8

200

200

Revaluation reserve

20,707

13,854

Retained earnings

572,733

347,444

SHAREHOLDERS' FUNDS

593,640

361,498

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 24 February 2023 and were signed by:

Mr S P Baker - Director

1.	STATUTORY INFORMATION

Osmax Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.	FIXED ASSET INVESTMENTS

31.5.22

31.5.21

£

£

Other investments not loans

149,650

140,481

Additional information is as follows:

Other

investme

£

COST

At 1 June 2021

1

Additions

32

At 31 May 2022

33

NET BOOK VALUE

At 31 May 2022

33

At 31 May 2021

1

Investments (neither listed nor unlisted) were as follows:

31.5.22

31.5.21

£

£

Other investments

140,479

140,480

Other Investments revaluations

9,138

-

149,617

140,480

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.22

31.5.21

£

£

Other debtors

62,929

-

Directors' current accounts

186,457

-

249,386

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.22

31.5.21

£

£

Tax

63,039

-

Other creditors

32

-

Accruals and deferred income

2,880

1,440

65,951

1,440

7.	PROVISIONS FOR LIABILITIES

31.5.22

31.5.21

£

£

Deferred tax

6,902

-

Deferred

tax

£

Provided during year

6,902

Balance at 31 May 2022

6,902

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.22

31.5.21

value:

£

£

1

A Ordinary

£1

1

1

1

B Ordinary

£1

1

1

99

C Ordinary

£1

99

99

99

D Ordinary

£1

99

99

200

200

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2022 and 31 May 2021:

31.5.22

31.5.21

£

£

Mr S P Baker

Balance outstanding at start of year

-

-

Amounts advanced

186,457

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

186,457

-

As at the balance sheet date, included in debtors due within one year is £186,457 (2021: £Nil), due and payable by the director. During the period interest of £2,019 was charged on the overdrawn loan account at 2.0%.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S P Baker.