OBYGRACE PUBLISHING LTD

Company Registration Number:
08162992 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 01 August 2022

End date: 31 July 2023

OBYGRACE PUBLISHING LTD

Contents of the Financial Statements

for the Period Ended 31 July 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

OBYGRACE PUBLISHING LTD

Company Information

for the Period Ended 31 July 2023




Director: Obiageri Okafor
Registered office: 483
Green Lanes
London
Uk
N13 4BS
Company Registration Number: 08162992 (England and Wales)

OBYGRACE PUBLISHING LTD

Balance sheet

As at 31 July 2023


Notes

2023
£

2022
£
Fixed assets
Intangible assets: 4 351 56
Total fixed assets: 351 56
Current assets
Cash at bank and in hand: 10 122
Total current assets: 10 122
Net current assets (liabilities): 10 122
Total assets less current liabilities: 361 178
Creditors: amounts falling due after more than one year: 5 ( 34,322 ) ( 30,011 )
Provision for liabilities: ( 4,780 ) ( 4,780 )
Total net assets (liabilities): ( 38,741 ) ( 34,613 )

The notes form part of these financial statements

OBYGRACE PUBLISHING LTD

Balance sheet continued

As at 31 July 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Revaluation reserve: 6 ( 34,713 ) ( 31,359 )
Profit and loss account: ( 4,128 ) ( 3,354 )
Shareholders funds: ( 38,741 ) ( 34,613 )

For the year ending 31 July 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 14 April 2024
And Signed On Behalf Of The Board By:

Name: Obiageri Okafor
Status: Director

The notes form part of these financial statements

OBYGRACE PUBLISHING LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services suppliedduring the period, exclusive of Value Added Tax and trade discounts.

    Tangible fixed assets depreciation policy

    Depreciation is calculated on a straight line basis. The life of the asset is estimated before it was scrap (Nil Value) and the same depreciation claimed as an expense every year for the number of years life expectancy. Depreciation is provided as (cost of product divided by the number of years life expectancy) in order to write off each asset over its estimated useful life.

    Intangible fixed assets amortisation policy

    Intangible fixed assets (including purchased domain, trademarks and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

    Valuation information and policy

    Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads

    Other accounting policies

    The company's turnover for the year was from its principal business activities in the UK

OBYGRACE PUBLISHING LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 1 1

OBYGRACE PUBLISHING LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 3. Off balance sheet disclosure

    No

OBYGRACE PUBLISHING LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Intangible assets

Other Total
Cost £ £
At 01 August 2022 1,689 1,689
Additions 390 390
Disposals - -
Revaluations - -
Transfers - -
At 31 July 2023 2,079 2,079
Amortisation
Amortisation at 01 August 2022 1,633 1,633
Charge for year - -
On disposals - -
Other adjustments 95 95
Amortisation at 31 July 2023 1,728 1,728
Net book value
Net book value at 31 July 2023 351 351
Net book value at 31 July 2022 56 56

OBYGRACE PUBLISHING LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

5.Creditors: amounts falling due after more than one year


2023
£

2022
£
Other creditors 34,322 30,011
Total 34,322 30,011

OBYGRACE PUBLISHING LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

6. Revaluation reserve


2023
£
Balance at 01 August 2022 ( 31,359 )
Surplus or deficit after revaluation ( 3,354 )
Balance at 31 July 2023 ( 34,713 )