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REGISTERED NUMBER: 08562249 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

OBO LIMITED

OBO LIMITED (REGISTERED NUMBER: 08562249)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OBO LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2023







DIRECTORS: G Helm
Mrs J Helm





REGISTERED OFFICE: 55 Riding House Street
London
W1W 7EE





REGISTERED NUMBER: 08562249 (England and Wales)





ACCOUNTANTS: Durrants, Chartered Accountants
24 Wellington Business Park
Dukes Ride
Crowthorne
Berkshire
RG45 6LS

OBO LIMITED (REGISTERED NUMBER: 08562249)

BALANCE SHEET
31 May 2023

31/5/23 31/5/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 157,113 118,639

CURRENT ASSETS
Stocks 218,736 38,000
Debtors 5 418,893 103,966
Cash at bank 101,042 553,846
738,671 695,812
CREDITORS
Amounts falling due within one year 6 583,348 375,963
NET CURRENT ASSETS 155,323 319,849
TOTAL ASSETS LESS CURRENT LIABILITIES 312,436 438,488

CREDITORS
Amounts falling due after more than one year 7 (248,097 ) (93,663 )

PROVISIONS FOR LIABILITIES (21,516 ) (22,541 )
NET ASSETS 42,823 322,284

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 42,821 322,282
SHAREHOLDERS' FUNDS 42,823 322,284

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 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.

OBO LIMITED (REGISTERED NUMBER: 08562249)

BALANCE SHEET - continued
31 May 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 23 October 2023 and were signed on its behalf by:





G Helm - Director


OBO LIMITED (REGISTERED NUMBER: 08562249)

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

1. STATUTORY INFORMATION

OBO 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 net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 15% 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.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

OBO LIMITED (REGISTERED NUMBER: 08562249)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 144,839
Additions 82,428
Disposals (42,187 )
At 31 May 2023 185,080
DEPRECIATION
At 1 June 2022 26,200
Charge for year 21,552
Eliminated on disposal (19,785 )
At 31 May 2023 27,967
NET BOOK VALUE
At 31 May 2023 157,113
At 31 May 2022 118,639

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Trade debtors 326,622 94,382
Other debtors 92,271 9,584
418,893 103,966

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 8) 26,444 20,830
Trade creditors 414,219 168,192
Taxation and social security 52,476 155,269
Other creditors 80,209 21,672
583,348 375,963

OBO LIMITED (REGISTERED NUMBER: 08562249)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/5/23 31/5/22
£    £   
Bank loans 20,833 30,833
Hire purchase contracts (see note 8) 88,049 62,830
Other creditors 139,215 -
248,097 93,663

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31/5/23 31/5/22
£    £   
Net obligations repayable:
Within one year 26,444 20,830
Between one and five years 88,049 62,830
114,493 83,660

Non-cancellable operating leases
31/5/23 31/5/22
£    £   
Within one year 98,875 18,215
Between one and five years 197,750 -
296,625 18,215

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/5/23 31/5/22
value: £    £   
2 Ordinary £1 2 2

10. ULTIMATE CONTROLLING PARTY

The controlling party is G Helm.