OSA Risk Management Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 05686928 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2023

for

OSA RISK MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K E Dawson

A D G Dawson

SECRETARY:

A D G Dawson

REGISTERED OFFICE:

Woodhead Cottage

Moor Road

Burley Woodhead

Ilkley

West Yorkshire

LS29 7BE

REGISTERED NUMBER:

05686928 (England and Wales)

ACCOUNTANTS:

Riley & Co Limited

52 St Johns Lane

Halifax

West Yorkshire

HX1 2BW

FIXED ASSETS

Tangible assets

4

47,248

59,093

CURRENT ASSETS

Debtors

5

39,760

45,241

Cash at bank

398,285

320,686

438,045

365,927

CREDITORS

Amounts falling due within one year

6

66,275

39,831

NET CURRENT ASSETS

371,770

326,096

TOTAL ASSETS LESS CURRENT LIABILITIES

419,018

385,189

PROVISIONS FOR LIABILITIES

11,028

11,228

NET ASSETS

407,990

373,961

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

406,990

372,961

SHAREHOLDERS' FUNDS

407,990

373,961

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 30 October 2023 and were signed on its behalf by:

A D G Dawson - Director

1.	STATUTORY INFORMATION

OSA Risk Management 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.

Plant and machinery etc

-

20% on reducing balance, 15% on reducing balance and Straight line over 3 years

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 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2022

and 31 January 2023

97,272

DEPRECIATION

At 1 February 2022

38,179

Charge for year

11,845

At 31 January 2023

50,024

NET BOOK VALUE

At 31 January 2023

47,248

At 31 January 2022

59,093

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.23

31.1.22

£

£

Trade debtors

39,282

41,088

Other debtors

478

4,153

39,760

45,241

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.23

31.1.22

£

£

Taxation and social security

30,520

8,314

Other creditors

35,755

31,517

66,275

39,831