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Company Registration No. 12689166 (England and Wales)
OBSERVATREE LTD Unaudited accounts for the year ended 30 June 2023
OBSERVATREE LTD Unaudited accounts Contents
Page
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OBSERVATREE LTD Company Information for the year ended 30 June 2023
Director
C Dias
Company Number
12689166 (England and Wales)
Registered Office
20-22 WENLOCK ROAD LONDON N1 7GU ENGLAND
Accountants
Kaushik Khiroya, AFA LMK ACCOUNTING LTD THE GATEHOUSE GATEHOUSE WAY AYLESBURY HP19 8DB
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OBSERVATREE LTD Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,573 
3,217 
Current assets
Cash at bank and in hand
31,115 
44,151 
Creditors: amounts falling due within one year
(8,463)
(11,150)
Net current assets
22,652 
33,001 
Net assets
25,225 
36,218 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
25,224 
36,217 
Shareholders' funds
25,225 
36,218 
For the year ending 30 June 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 18 March 2024 and were signed on its behalf by
C Dias Director Company Registration No. 12689166
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OBSERVATREE LTD Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
OBSERVATREE LTD is a private company, limited by shares, registered in England and Wales, registration number 12689166. The registered office is 20-22 WENLOCK ROAD, LONDON, N1 7GU, ENGLAND.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Reducing balance - 20%
Computer equipment
Reducing balance - 20%
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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OBSERVATREE LTD Notes to the Accounts for the year ended 30 June 2023
Financial instruments
Financial instruments are classified by the directors as basic or advanced following the condiTions in FRS 102 section 11. Basic financial instruments, which include trade and other receivables and payables, cash and bank balances, are amortised at cost. Advanced financial instruments which include interest rate swap and forward foreign exchange contracts, are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2022
1,547 
2,474 
4,021 
At 30 June 2023
1,547 
2,474 
4,021 
Depreciation
At 1 July 2022
309 
495 
804 
Charge for the year
248 
396 
644 
At 30 June 2023
557 
891 
1,448 
Net book value
At 30 June 2023
990 
1,583 
2,573 
At 30 June 2022
1,238 
1,979 
3,217 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
894 
691 
Taxes and social security
1,166 
1,188 
Other creditors
1,047 
- 
Loans from directors
4,756 
9,271 
Accruals
600 
- 
8,463 
11,150 
6
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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