Company registration number 05028624 (England and Wales)
Obsigno Design Limited
Unaudited
financial statements
for the year ended 31 March 2023
PAGES FOR FILING WITH REGISTRAR
Obsigno Design Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 3
Obsigno Design Limited
Balance sheet
as at 31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
21
26
Current assets
Cash at bank and in hand
32,749
21,763
Creditors: amounts falling due within one year
(4,529)
(7,337)
Net current assets
28,220
14,426
Net assets
28,241
14,452
Capital and reserves
Called up share capital
4
1
1
Profit and loss reserves
28,240
14,451
Total equity
28,241
14,452
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 16 November 2023
L Waugh
Director
Company registration number 05028624 (England and Wales)
Obsigno Design Limited
Notes to the financial statements
for the year ended 31 March 2023
- 2 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover represents the total invoice value of sales made during the year. Turnover is recognised on the supply of services.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost , net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
20% reducing balance
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 1 (2022 - 1).
2023
2022
Number
Number
Total
1
1
Obsigno Design Limited
Notes to the financial statements (continued)
for the year ended 31 March 2023
- 3 -
3
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 April 2022 and 31 March 2023
4,723
Depreciation and impairment
At 1 April 2022
4,697
Depreciation charged in the year
5
At 31 March 2023
4,702
Carrying amount
At 31 March 2023
21
At 31 March 2022
26
4
Called up share capital
2023
2022
Ordinary share capital
£
£
Issued and fully paid
Ordinary shares of £1 each
1
1
5
Company information
Obsigno Design Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6 Victoria Street, Halifax, West Yorkshire, HX1 5SS.