2022-12-012023-11-302023-11-30false11042743OBL GROUP LIMITED2024-08-2027400iso4217:GBPxbrli:pure110427432022-12-01110427432023-11-30110427432022-12-012023-11-30110427432021-12-01110427432022-11-30110427432021-12-012022-11-3011042743bus:SmallEntities2022-12-012023-11-3011042743bus:AuditExempt-NoAccountantsReport2022-12-012023-11-3011042743bus:FullAccounts2022-12-012023-11-3011042743bus:PrivateLimitedCompanyLtd2022-12-012023-11-3011042743core:WithinOneYear2023-11-3011042743core:AfterOneYear2023-11-3011042743core:WithinOneYear2022-11-3011042743core:AfterOneYear2022-11-3011042743core:ShareCapital2023-11-3011042743core:SharePremium2023-11-3011042743core:RevaluationReserve2023-11-3011042743core:OtherReservesSubtotal2023-11-3011042743core:RetainedEarningsAccumulatedLosses2023-11-3011042743core:ShareCapital2022-11-3011042743core:SharePremium2022-11-3011042743core:RevaluationReserve2022-11-3011042743core:OtherReservesSubtotal2022-11-3011042743core:RetainedEarningsAccumulatedLosses2022-11-3011042743core:LandBuildings2023-11-3011042743core:PlantMachinery2023-11-3011042743core:Vehicles2023-11-3011042743core:FurnitureFittings2023-11-3011042743core:OfficeEquipment2023-11-3011042743core:NetGoodwill2023-11-3011042743core:IntangibleAssetsOtherThanGoodwill2023-11-3011042743core:ListedExchangeTraded2023-11-3011042743core:UnlistedNon-exchangeTraded2023-11-3011042743core:LandBuildings2022-11-3011042743core:PlantMachinery2022-11-3011042743core:Vehicles2022-11-3011042743core:FurnitureFittings2022-11-3011042743core:OfficeEquipment2022-11-3011042743core:NetGoodwill2022-11-3011042743core:IntangibleAssetsOtherThanGoodwill2022-11-3011042743core:ListedExchangeTraded2022-11-3011042743core:UnlistedNon-exchangeTraded2022-11-3011042743core:LandBuildings2022-12-012023-11-3011042743core:PlantMachinery2022-12-012023-11-3011042743core:Vehicles2022-12-012023-11-3011042743core:FurnitureFittings2022-12-012023-11-3011042743core:OfficeEquipment2022-12-012023-11-3011042743core:NetGoodwill2022-12-012023-11-3011042743core:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3011042743core:ListedExchangeTraded2022-12-012023-11-3011042743core:UnlistedNon-exchangeTraded2022-12-012023-11-3011042743core:MoreThanFiveYears2022-12-012023-11-3011042743core:Non-currentFinancialInstruments2023-11-3011042743core:Non-currentFinancialInstruments2022-11-3011042743dpl:CostSales2022-12-012023-11-3011042743dpl:DistributionCosts2022-12-012023-11-3011042743core:LandBuildings2022-12-012023-11-3011042743core:PlantMachinery2022-12-012023-11-3011042743core:Vehicles2022-12-012023-11-3011042743core:FurnitureFittings2022-12-012023-11-3011042743core:OfficeEquipment2022-12-012023-11-3011042743dpl:AdministrativeExpenses2022-12-012023-11-3011042743core:NetGoodwill2022-12-012023-11-3011042743core:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3011042743dpl:GroupUndertakings2022-12-012023-11-3011042743dpl:ParticipatingInterests2022-12-012023-11-3011042743dpl:GroupUndertakingscore:ListedExchangeTraded2022-12-012023-11-3011042743core:ListedExchangeTraded2022-12-012023-11-3011042743dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-12-012023-11-3011042743core:UnlistedNon-exchangeTraded2022-12-012023-11-3011042743dpl:CostSales2021-12-012022-11-3011042743dpl:DistributionCosts2021-12-012022-11-3011042743core:LandBuildings2021-12-012022-11-3011042743core:PlantMachinery2021-12-012022-11-3011042743core:Vehicles2021-12-012022-11-3011042743core:FurnitureFittings2021-12-012022-11-3011042743core:OfficeEquipment2021-12-012022-11-3011042743dpl:AdministrativeExpenses2021-12-012022-11-3011042743core:NetGoodwill2021-12-012022-11-3011042743core:IntangibleAssetsOtherThanGoodwill2021-12-012022-11-3011042743dpl:GroupUndertakings2021-12-012022-11-3011042743dpl:ParticipatingInterests2021-12-012022-11-3011042743dpl:GroupUndertakingscore:ListedExchangeTraded2021-12-012022-11-3011042743core:ListedExchangeTraded2021-12-012022-11-3011042743dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-12-012022-11-3011042743core:UnlistedNon-exchangeTraded2021-12-012022-11-3011042743core:NetGoodwill2023-11-3011042743core:IntangibleAssetsOtherThanGoodwill2023-11-3011042743core:LandBuildings2023-11-3011042743core:PlantMachinery2023-11-3011042743core:Vehicles2023-11-3011042743core:FurnitureFittings2023-11-3011042743core:OfficeEquipment2023-11-3011042743core:AfterOneYear2023-11-3011042743core:WithinOneYear2023-11-3011042743core:ListedExchangeTraded2023-11-3011042743core:UnlistedNon-exchangeTraded2023-11-3011042743core:ShareCapital2023-11-3011042743core:SharePremium2023-11-3011042743core:RevaluationReserve2023-11-3011042743core:OtherReservesSubtotal2023-11-3011042743core:RetainedEarningsAccumulatedLosses2023-11-3011042743core:NetGoodwill2022-11-3011042743core:IntangibleAssetsOtherThanGoodwill2022-11-3011042743core:LandBuildings2022-11-3011042743core:PlantMachinery2022-11-3011042743core:Vehicles2022-11-3011042743core:FurnitureFittings2022-11-3011042743core:OfficeEquipment2022-11-3011042743core:AfterOneYear2022-11-3011042743core:WithinOneYear2022-11-3011042743core:ListedExchangeTraded2022-11-3011042743core:UnlistedNon-exchangeTraded2022-11-3011042743core:ShareCapital2022-11-3011042743core:SharePremium2022-11-3011042743core:RevaluationReserve2022-11-3011042743core:OtherReservesSubtotal2022-11-3011042743core:RetainedEarningsAccumulatedLosses2022-11-3011042743core:NetGoodwill2021-12-0111042743core:IntangibleAssetsOtherThanGoodwill2021-12-0111042743core:LandBuildings2021-12-0111042743core:PlantMachinery2021-12-0111042743core:Vehicles2021-12-0111042743core:FurnitureFittings2021-12-0111042743core:OfficeEquipment2021-12-0111042743core:AfterOneYear2021-12-0111042743core:WithinOneYear2021-12-0111042743core:ListedExchangeTraded2021-12-0111042743core:UnlistedNon-exchangeTraded2021-12-0111042743core:ShareCapital2021-12-0111042743core:SharePremium2021-12-0111042743core:RevaluationReserve2021-12-0111042743core:OtherReservesSubtotal2021-12-0111042743core:RetainedEarningsAccumulatedLosses2021-12-0111042743core:AfterOneYear2022-12-012023-11-3011042743core:WithinOneYear2022-12-012023-11-3011042743core:Non-currentFinancialInstrumentscore:CostValuation2022-12-012023-11-3011042743core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-12-012023-11-3011042743core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-12-012023-11-3011042743core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-12-012023-11-3011042743core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-12-012023-11-3011042743core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-12-012023-11-3011042743core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-12-012023-11-3011042743core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-12-012023-11-3011042743core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-12-012023-11-3011042743core:Non-currentFinancialInstrumentscore:CostValuation2023-11-3011042743core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-11-3011042743core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-11-3011042743core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-11-3011042743core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-11-3011042743core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-11-3011042743core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-11-3011042743core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-11-3011042743core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-11-3011042743core:Non-currentFinancialInstrumentscore:CostValuation2022-11-3011042743core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-11-3011042743core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-11-3011042743core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-11-3011042743core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-11-3011042743core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-11-3011042743core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-11-3011042743core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-11-3011042743core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-11-3011042743bus:Director12022-12-012023-11-3011042743core:FurnitureFittingsToolsEquipment2022-11-3011042743core:FurnitureFittingsToolsEquipment2022-12-012023-11-3011042743core:FurnitureFittingsToolsEquipment2023-11-30

OBL GROUP LIMITED

Registered Number
11042743
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2023

OBL GROUP LIMITED
Company Information
for the year from 1 December 2022 to 30 November 2023

Director

HARRISON, James David

Registered Address

Unit 6 Granary Court, Alton Road
South Warnborough
Hook
RG29 1RP

Registered Number

11042743 (England and Wales)
OBL GROUP LIMITED
Balance Sheet as at
30 November 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets332,17216,465
32,17216,465
Current assets
Stocks452,81889,247
Debtors5123,90963,109
Current asset investments688,886-
Cash at bank and on hand150,760209,790
416,373362,146
Creditors amounts falling due within one year7(382,516)(309,448)
Net current assets (liabilities)33,85752,698
Total assets less current liabilities66,02969,163
Creditors amounts falling due after one year8-(66,014)
Provisions for liabilities9(6,113)(3,128)
Net assets59,91621
Capital and reserves
Called up share capital1010
Profit and loss account59,90611
Shareholders' funds59,91621
The financial statements were approved and authorised for issue by the Director on 20 August 2024, and are signed on its behalf by:
HARRISON, James David
Director
Registered Company No. 11042743
OBL GROUP LIMITED
Notes to the Financial Statements
for the year ended 30 November 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Plant and machinery3
Fixtures and fittings4
Office Equipment4
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20232022
Average number of employees during the year1510
3.Tangible fixed assets

Plant & machinery

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 December 225,2765,19311,07021,539
Additions28,051-3,37631,427
At 30 November 2333,3275,19314,44652,966
Depreciation and impairment
At 01 December 221,5391,1362,3995,074
Charge for year10,1631,2984,25915,720
At 30 November 2311,7022,4346,65820,794
Net book value
At 30 November 2321,6252,7597,78832,172
At 30 November 223,7374,0578,67116,465
4.Stocks

2023

2022

££
Other stocks52,81889,247
Total52,81889,247
5.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables34,21637,461
Other debtors89,69321,348
Prepayments and accrued income-4,300
Total123,90963,109
6.Current asset investments
These are Cryptocurrency accounts in the business name that will be revalued yearly.
7.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables135,401168,165
Taxation and social security183,156136,211
Other creditors3,8404,172
Accrued liabilities and deferred income60,119900
Total382,516309,448
8.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts-66,014
Total-66,014
9.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)6,1133,128
Total6,1133,128