IRIS Accounts Production v23.3.1.45 12389231 director 1.7.22 30.4.23 30.4.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh123892312022-06-30123892312023-04-30123892312022-07-012023-04-30123892312021-06-30123892312021-07-012022-06-30123892312022-06-3012389231ns10:Originalns15:EnglandWales2022-07-012023-04-3012389231ns14:PoundSterlingns10:Original2022-07-012023-04-3012389231ns10:Originalns10:Director12022-07-012023-04-3012389231ns10:Original2022-07-012023-04-3012389231ns10:Original2023-04-3012389231ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-04-3012389231ns10:Originalns10:SmallEntities2022-07-012023-04-3012389231ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-012023-04-3012389231ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-04-3012389231ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-04-3012389231ns10:Originalns10:FullAccounts2022-07-012023-04-3012389231ns10:Original12022-07-012023-04-3012389231ns10:CompanySecretary1ns10:Original2022-07-012023-04-3012389231ns10:Originalns10:RegisteredOffice2022-07-012023-04-3012389231ns10:Original2022-06-3012389231ns10:Originalns5:CurrentFinancialInstruments2023-04-3012389231ns10:Originalns5:CurrentFinancialInstruments2022-06-3012389231ns5:ShareCapitalns10:Original2023-04-3012389231ns5:ShareCapitalns10:Original2022-06-3012389231ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-04-3012389231ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3012389231ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-07-012023-04-3012389231ns10:Originalns5:PatentsTrademarksLicencesConcessionsSimilar2022-07-012023-04-3012389231ns10:Originalns5:ComputerEquipment2022-07-012023-04-3012389231ns10:Original2021-07-012022-06-3012389231ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-06-3012389231ns5:IntangibleAssetsOtherThanGoodwillns10:Original2023-04-3012389231ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-06-3012389231ns10:Originalns5:PlantMachinery2022-06-3012389231ns10:Originalns5:PlantMachinery2022-07-012023-04-3012389231ns10:Originalns5:PlantMachinery2023-04-3012389231ns10:Originalns5:PlantMachinery2022-06-3012389231ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3012389231ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3012389231ns10:Originalns5:WithinOneYear2023-04-3012389231ns10:Originalns5:WithinOneYear2022-06-3012389231ns5:BetweenOneFiveYearsns10:Original2023-04-3012389231ns5:BetweenOneFiveYearsns10:Original2022-06-3012389231ns10:Originalns5:AllPeriods2023-04-3012389231ns10:Originalns5:AllPeriods2022-06-3012389231ns10:Original1ns10:Director12022-06-3012389231ns10:Original1ns10:Director12021-06-3012389231ns10:Original1ns10:Director12022-07-012023-04-3012389231ns10:Original1ns10:Director12021-07-012022-06-3012389231ns10:Original1ns10:Director12023-04-3012389231ns10:Original1ns10:Director12022-06-30
REGISTERED NUMBER: 12389231 (England and Wales)














OBS INTERNATIONAL LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2022 TO 30 APRIL 2023






OBS INTERNATIONAL LTD (REGISTERED NUMBER: 12389231)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2022 TO 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OBS INTERNATIONAL LTD

COMPANY INFORMATION
FOR THE PERIOD 1 JULY 2022 TO 30 APRIL 2023







DIRECTOR: P K Graseley





SECRETARY: D Graseley





REGISTERED OFFICE: The Mistal
151 Latham Lane
Gomersal
BD19 4AP





REGISTERED NUMBER: 12389231 (England and Wales)





ACCOUNTANTS: UHY BPR Heaton
Chartered Accountants
Glenewes House
Gate Way Drive
Leeds
West Yorkshire
LS19 7XY

OBS INTERNATIONAL LTD (REGISTERED NUMBER: 12389231)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,689 9,009
Tangible assets 5 222 280
6,911 9,289

CURRENT ASSETS
Debtors 6 104,594 388,773
Cash at bank 681,007 514,677
785,601 903,450
CREDITORS
Amounts falling due within one year 7 239,932 236,217
NET CURRENT ASSETS 545,669 667,233
TOTAL ASSETS LESS CURRENT
LIABILITIES

552,580

676,522

PROVISIONS FOR LIABILITIES 56 69
NET ASSETS 552,524 676,453

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 552,424 676,353
552,524 676,453

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

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.

OBS INTERNATIONAL LTD (REGISTERED NUMBER: 12389231)

BALANCE SHEET - continued
30 APRIL 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 director and authorised for issue on 30 January 2024 and were signed by:





P K Graseley - Director


OBS INTERNATIONAL LTD (REGISTERED NUMBER: 12389231)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2022 TO 30 APRIL 2023

1. STATUTORY INFORMATION

OBS International Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£) rounded to the nearest pound.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tademarks are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are initially measured at transaction price, except for those financial assets classified as at fair value through profit and loss.

Basic financial instruments
Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors, trade creditors and uncomplicated bank loans.

Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued at transaction price (i.e. cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.

Taxation
Taxation for the period 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.


OBS INTERNATIONAL LTD (REGISTERED NUMBER: 12389231)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2022 TO 30 APRIL 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 period 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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 period was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2022
and 30 April 2023 10,000
AMORTISATION
At 1 July 2022 991
Charge for period 2,320
At 30 April 2023 3,311
NET BOOK VALUE
At 30 April 2023 6,689
At 30 June 2022 9,009

OBS INTERNATIONAL LTD (REGISTERED NUMBER: 12389231)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2022 TO 30 APRIL 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022
and 30 April 2023 564
DEPRECIATION
At 1 July 2022 284
Charge for period 58
At 30 April 2023 342
NET BOOK VALUE
At 30 April 2023 222
At 30 June 2022 280

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 671 166,608
Other debtors 103,923 222,165
104,594 388,773

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 220,693 233,236
Other creditors 19,239 2,981
239,932 236,217

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 15,602 18,322
Between one and five years 21,843 -
37,445 18,322

OBS INTERNATIONAL LTD (REGISTERED NUMBER: 12389231)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2022 TO 30 APRIL 2023

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 April 2023 and the year ended 30 June 2022:

2023 2022
£    £   
P K Graseley
Balance outstanding at start of period 119,379 -
Amounts advanced - 119,379
Amounts repaid (119,379 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - 119,379