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REGISTERED NUMBER: 09353594 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 December 2023

for

OBJEKT LTD

OBJEKT LTD (REGISTERED NUMBER: 09353594)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OBJEKT LTD

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: B Frank
A Kempner





REGISTERED OFFICE: Unit LG09
The Print Rooms
164-180 Union Street
London
SE1 0LH





REGISTERED NUMBER: 09353594 (England and Wales)





ACCOUNTANTS: Haines Watts
Bath House
6-8 Bath Street
Bristol
BS1 6HL

OBJEKT LTD (REGISTERED NUMBER: 09353594)

Balance Sheet
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 14,197 23,518

CURRENT ASSETS
Debtors 5 240,009 356,991
Cash at bank 121,922 -
361,931 356,991
CREDITORS
Amounts falling due within one year 6 (242,829 ) (219,753 )
NET CURRENT ASSETS 119,102 137,238
TOTAL ASSETS LESS CURRENT
LIABILITIES

133,299

160,756

CREDITORS
Amounts falling due after more than one
year

7

(19,884

)

(29,901

)
NET ASSETS 113,415 130,855

CAPITAL AND RESERVES
Called up share capital 1 1
Share premium 295,000 295,000
Retained earnings (181,586 ) (164,146 )
SHAREHOLDERS' FUNDS 113,415 130,855

OBJEKT LTD (REGISTERED NUMBER: 09353594)

Balance Sheet - continued
31 DECEMBER 2023


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

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

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 Profit and Loss Account has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:





B Frank - Director


OBJEKT LTD (REGISTERED NUMBER: 09353594)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023


1. COMPANY INFORMATION

Objekt Ltd 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 principle activity of the company in the year under review was that of making film and video content for brands and creating content for Objekt's social media channels.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006. The financial statements have been prepared on the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year ended 31 December 2023 and derives from the provision of services falling within the company's ordinary activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings and equipment - 33% on cost

Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

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.

OBJEKT LTD (REGISTERED NUMBER: 09353594)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and
equipment
£   
COST
At 1 January 2023 76,925
Additions 6,395
At 31 December 2023 83,320
DEPRECIATION
At 1 January 2023 53,407
Charge for year 15,716
At 31 December 2023 69,123
NET BOOK VALUE
At 31 December 2023 14,197
At 31 December 2022 23,518

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 171,617 218,139
Other debtors 11,891 10,672
Directors' current accounts 141 141
Prepayments and accrued income 56,360 128,039
240,009 356,991

OBJEKT LTD (REGISTERED NUMBER: 09353594)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,015 10,078
Trade creditors 27,868 44,219
Social security and other taxes 21,219 8,498
VAT 63,820 72,872
Other creditors 7,253 10,969
Directors' current accounts 1,954 1,954
Accruals and deferred income 110,700 71,163
242,829 219,753

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,269 10,015
Bank loans - 2-5 years 9,615 19,886
19,884 29,901