IRIS Accounts Production v23.3.0.418 04105807 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh041058072022-03-31041058072023-03-31041058072022-04-012023-03-31041058072021-03-31041058072021-04-012022-03-31041058072022-03-3104105807ns10:Originalns15:EnglandWales2022-04-012023-03-3104105807ns14:PoundSterlingns10:Original2022-04-012023-03-3104105807ns10:Originalns10:Director12022-04-012023-03-3104105807ns10:Original2022-04-012023-03-3104105807ns10:Original2023-03-3104105807ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3104105807ns10:Originalns10:SmallEntities2022-04-012023-03-3104105807ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3104105807ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3104105807ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3104105807ns10:Originalns10:FullAccounts2022-04-012023-03-3104105807ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3104105807ns10:Originalns10:Director22022-04-012023-03-3104105807ns10:Originalns10:Director32022-04-012023-03-3104105807ns10:CompanySecretary1ns10:Original2022-04-012023-03-3104105807ns10:Originalns10:RegisteredOffice2022-04-012023-03-3104105807ns10:Original2022-03-3104105807ns10:Originalns5:CurrentFinancialInstruments2023-03-3104105807ns10:Originalns5:CurrentFinancialInstruments2022-03-3104105807ns10:Originalns5:Non-currentFinancialInstruments2023-03-3104105807ns10:Originalns5:Non-currentFinancialInstruments2022-03-3104105807ns5:ShareCapitalns10:Original2023-03-3104105807ns5:ShareCapitalns10:Original2022-03-3104105807ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3104105807ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3104105807ns10:Originalns5:FurnitureFittings2022-04-012023-03-3104105807ns10:Originalns5:MotorVehicles2022-04-012023-03-3104105807ns10:Original2021-04-012022-03-3104105807ns10:Originalns5:FurnitureFittings2022-03-3104105807ns10:Originalns5:MotorVehicles2022-03-3104105807ns10:Original2022-03-3104105807ns10:Originalns5:FurnitureFittings2023-03-3104105807ns10:Originalns5:MotorVehicles2023-03-3104105807ns10:Originalns5:FurnitureFittings2022-03-3104105807ns10:Originalns5:MotorVehicles2022-03-3104105807ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104105807ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3104105807ns10:Originalns5:CurrentFinancialInstruments2022-04-012023-03-3104105807ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3104105807ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-03-3104105807ns10:Originalns5:Non-currentFinancialInstruments2022-04-012023-03-3104105807ns10:Originalns10:OrdinaryShareClass12023-03-31
REGISTERED NUMBER: 04105807 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

OBAS UK LIMITED

OBAS UK LIMITED (REGISTERED NUMBER: 04105807)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OBAS UK LIMITED

COMPANY INFORMATION
for the Year Ended 31 MARCH 2023







DIRECTORS: Mrs M A Tenray
N G Tenray
D Williams





SECRETARY: N G Tenray





REGISTERED OFFICE: Chapel Hill Industrial Estate
Chapel Hill
Longridge
Preston
Lancashire
PR3 3BU





REGISTERED NUMBER: 04105807 (England and Wales)





ACCOUNTANTS: Whitehead & Howarth
327 Clifton Drive South
Lytham St Annes
Lancashire
FY8 1HN

OBAS UK LIMITED (REGISTERED NUMBER: 04105807)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 105,069 85,538

CURRENT ASSETS
Stocks 569,834 552,356
Debtors 5 452,783 340,356
Cash at bank 205,508 346,963
1,228,125 1,239,675
CREDITORS
Amounts falling due within one year 6 616,422 577,354
NET CURRENT ASSETS 611,703 662,321
TOTAL ASSETS LESS CURRENT
LIABILITIES

716,772

747,859

CREDITORS
Amounts falling due after more than one
year

7

321,664

396,083
NET ASSETS 395,108 351,776

CAPITAL AND RESERVES
Called up share capital 8 232,125 232,125
Retained earnings 162,983 119,651
SHAREHOLDERS' FUNDS 395,108 351,776

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

OBAS UK LIMITED (REGISTERED NUMBER: 04105807)

BALANCE SHEET - continued
31 MARCH 2023


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 17 October 2023 and were signed on its behalf by:





N G Tenray - Director


OBAS UK LIMITED (REGISTERED NUMBER: 04105807)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2023

1. STATUTORY INFORMATION

Obas UK 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 represents amounts receivable for goods net of VAT.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all of the risk and reward of ownership to the lessee.

OBAS UK LIMITED (REGISTERED NUMBER: 04105807)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

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 23 (2022 - 24 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2022 139,536 84,352 223,888
Additions - 59,750 59,750
At 31 March 2023 139,536 144,102 283,638
DEPRECIATION
At 1 April 2022 109,219 29,131 138,350
Charge for year 6,989 33,230 40,219
At 31 March 2023 116,208 62,361 178,569
NET BOOK VALUE
At 31 March 2023 23,328 81,741 105,069
At 31 March 2022 30,317 55,221 85,538

5. DEBTORS
31.3.23 31.3.22
£    £   
Amounts falling due within one year:
Trade debtors 261,187 192,450
Other debtors 182,159 132,376
443,346 324,826

Amounts falling due after more than one year:
Deferred tax asset 9,437 15,530

Aggregate amounts 452,783 340,356

OBAS UK LIMITED (REGISTERED NUMBER: 04105807)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 118,860 118,860
Hire purchase contracts 22,161 12,163
Trade creditors 116,639 120,617
Social security and other taxes 10,849 5,037
VAT 38,733 35,359
Other creditors 4,350 12,549
Directors' current accounts 269,685 250,469
Accruals and deferred income 35,145 22,300
616,422 577,354

The amount of creditors due within one year for which security has been given amounted to £22,161 (2022 £12,163).

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 2-5 years 200,019 312,590
Hire purchase contracts 99,267 61,841
Other creditors 22,378 21,652
321,664 396,083

The amount of creditors due after one year for which security has been given amounted to £99,267 (2022 £61,841).

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
232,125 Ordinary 1 232,125 232,125

9. RELATED PARTY DISCLOSURES

At the end of the year the company owed the directors £269,685 (2022 £250,469). Focused Investments Ltd, a company under common ownership, owed £121,460 (2021 £87,460) at the end of the year.

10. CONTROLLING PARTY

The company is controlled by the directors.