1 May 2022 false No description of principal activity Taxfiler 2023.10 11951097business:PrivateLimitedCompanyLtd2022-05-012023-04-30 119510972022-04-30 119510972022-05-012023-04-30 11951097business:AuditExempt-NoAccountantsReport2022-05-012023-04-30 11951097business:FilletedAccounts2022-05-012023-04-30 119510972023-04-30 119510972022-04-30 11951097core:WithinOneYear2023-04-30 11951097core:WithinOneYear2022-04-30 11951097core:AfterOneYear2023-04-30 11951097core:AfterOneYear2022-04-30 11951097core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 11951097core:ShareCapitalcore:PreviouslyStatedAmount2022-04-30 11951097core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 11951097core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-04-30 11951097core:PreviouslyStatedAmount2023-04-30 11951097core:PreviouslyStatedAmount2022-04-30 11951097business:SmallEntities2022-05-012023-04-30 11951097business:Director12022-05-012023-04-30 11951097business:RegisteredOffice2022-05-012023-04-30 119510972021-05-012022-04-30 iso4217:GBP xbrli:pure
Company Registration No. 11951097
Obals Ltd Unaudited accounts for the year ended 30 April 2023
Obals Ltd Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
10,729 
3,425 
Cash at bank and in hand
611 
547 
11,340 
3,972 
Creditors: amounts falling due within one year
(4,880)
(3,720)
Net current assets
6,460 
252 
Total assets less current liabilities
6,460 
252 
Creditors: amounts falling due after more than one year
(6,500)
(9,500)
Net liabilities
(40)
(9,248)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(42)
(9,250)
Shareholders' funds
(40)
(9,248)
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 September 2023 and were signed on its behalf by
Mr Stanley Obale Okpu Director Company Registration No. 11951097
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Obals Ltd Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
Obals Ltd is a private company, limited by shares, , registration number 11951097. The registered office is 68 WHITBY ROAD, 68 WHITBY ROAD, SLOUGH, SL1 3DW, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 30 April 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 May 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
10,729 
3,425 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
3,000 
3,000 
Other creditors
720 
720 
Loans from directors
1,160 
- 
4,880 
3,720 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
6,500 
9,500 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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