Osborne Richardson Limited - Accounts to registrar (filleted) - small 23.2.5
Osborne Richardson Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 June 2023 |
| for |
| Osborne Richardson Limited |
| Osborne Richardson Limited (Registered number: 08083302) |
| Contents of the Financial Statements |
| for the Year Ended 30 June 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Osborne Richardson Limited |
| Company Information |
| for the Year Ended 30 June 2023 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 4th Floor |
| 167 Fleet Street |
| London |
| EC4A 2EA |
| Osborne Richardson Limited (Registered number: 08083302) |
| Balance Sheet |
| 30 June 2023 |
| 2023 | 2022 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| 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 |
| Osborne Richardson Limited (Registered number: 08083302) |
| Notes to the Financial Statements |
| for the Year Ended 30 June 2023 |
| 1. | STATUTORY INFORMATION |
| Osborne Richardson Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The presentation currency is £ sterling. |
| Going Concern |
| After reviewing the Company's forecast and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements. |
| Significant judgements and estimates |
| In preparing the company financial statements, estimates and judgements are made that could affect the reported amounts of assets and liabilities within the next reporting period. The items in the financial statements where these judgements and estimates have been made include: |
| Determine whether there are indicators of impairment of the Company's assets. Factors taken into consideration in reaching the decision include the future economic and financial performance of the asset. |
| Determine whether the leases entered into by the company are finance or operating leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis. |
| Turnover |
| Turnover represents net invoiced sales of services and accrued amounts, less value added tax. This is recognised when the service has been provided. |
| Turnover in respect of permanent placement fees is recognised on the start date of the candidates employment. Turnover in respect of temporary placement is recognised when the service has been provided and accepted by the client. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| 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. |
| Osborne Richardson Limited (Registered number: 08083302) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2023 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Financial instruments |
| Financial assets and financial liabilities are recognised on the Company's balance sheet when the Company has become a party to the contractual provisions of the instrument. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 July 2022 |
| and 30 June 2023 |
| DEPRECIATION |
| At 1 July 2022 |
| Charge for year |
| At 30 June 2023 |
| NET BOOK VALUE |
| At 30 June 2023 |
| At 30 June 2022 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Amounts owed by associates |
| Other debtors |
| Prepayments and accrued income |
| Osborne Richardson Limited (Registered number: 08083302) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2023 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Amounts owed to associates | - | 7,211 |
| Tax |
| Social security and other taxes |
| VAT | 98,577 | 97,502 |
| Other creditors |
| Directors' current accounts | 39,200 | - |
| Accruals and deferred income |
| The company has an invoice discounting facility with it's banker which is secured by way of fixed and floating charge over all assets of the company. |
| 7. | RELATED PARTY DISCLOSURES |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| The company's parent company is O R Holdings Ltd, a company registered in England and Wales. |
| OR Holdings Limited is under the control of the director, P Gold, by virtue of his beneficial interest in that company's issued share capital. |
| During the year , the company paid share costs of £109,920 (2022: £60,402) and received management fees amounts to £83,091 (2022: £99,084) from a company under the control by the director, Paul Gold. |
| As at the year end, there is an amount of £237 (2022: due to £7,211) due from a company under the control of the director, Paul Gold. |
| Included in debtors are amounts of £44,814 (2022: £39,662) due from group undertakings that are not 100% wholly owned. |
| 8. | ULTIMATE CONTROLLING PARTY |
| The controlling party is P S Gold. |
| The company's parent company is O R Holdings Ltd, a company registered in England and Wales. |
| OR Holdings Limited is under the control of the director, P Gold, by virtue of his beneficial interest in that company's issued share capital. |