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REGISTERED NUMBER: 09988095 (England and Wales)















OBP ABERGAVENNY LIMITED

Unaudited Financial Statements

for the Year Ended 31 May 2023






OBP ABERGAVENNY LIMITED (REGISTERED NUMBER: 09988095)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OBP ABERGAVENNY LIMITED

Company Information
for the Year Ended 31 May 2023







DIRECTOR: L Van Emden





REGISTERED OFFICE: 23 Clos Halket
Canton
Cardiff
CF11 8DZ





REGISTERED NUMBER: 09988095 (England and Wales)






OBP ABERGAVENNY LIMITED (REGISTERED NUMBER: 09988095)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 8,501 16,114
8,501 16,114

CURRENT ASSETS
Debtors 6 5,479 96,780
Cash at bank 5,461 589
10,940 97,369
CREDITORS
Amounts falling due within one year 7 23,905 70,875
NET CURRENT (LIABILITIES)/ASSETS (12,965 ) 26,494
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,464

)

42,608

CREDITORS
Amounts falling due after more than one year 8 (108,818 ) (135,187 )

PROVISIONS FOR LIABILITIES (1,615 ) (3,062 )
NET LIABILITIES (114,897 ) (95,641 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (114,997 ) (95,741 )
(114,897 ) (95,641 )

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

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

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 21 February 2024 and were signed by:





L Van Emden - Director


OBP ABERGAVENNY LIMITED (REGISTERED NUMBER: 09988095)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

OBP Abergavenny 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

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.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

OBP ABERGAVENNY LIMITED (REGISTERED NUMBER: 09988095)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 105,000
AMORTISATION
At 1 June 2022
and 31 May 2023 105,000
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 1,664 29,359 31,023
DEPRECIATION
At 1 June 2022 841 14,068 14,909
Charge for year 274 7,339 7,613
At 31 May 2023 1,115 21,407 22,522
NET BOOK VALUE
At 31 May 2023 549 7,952 8,501
At 31 May 2022 823 15,291 16,114

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors - 12,844
Other debtors 5,479 83,936
5,479 96,780

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 11,087 16,545
Hire purchase contracts 4,308 8,617
Trade creditors - 1,713
Taxation and social security 1,297 -
Other creditors 7,213 44,000
23,905 70,875

OBP ABERGAVENNY LIMITED (REGISTERED NUMBER: 09988095)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans 24,409 35,495
Hire purchase contracts 11,716 11,715
Other creditors 72,693 87,977
108,818 135,187

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 9,231

9. ULTIMATE CONTROLLING PARTY

The controlling party is The AOB Group Limited.