OBO&SONS LTD

Company Registration Number:
12878973 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2023

Period of accounts

Start date: 01 October 2022

End date: 30 September 2023

OBO&SONS LTD

Contents of the Financial Statements

for the Period Ended 30 September 2023

Balance sheet
Notes

OBO&SONS LTD

Balance sheet

As at 30 September 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 7,765 6,212
Total fixed assets: 7,765 6,212
Current assets
Debtors: 4 305 155
Cash at bank and in hand: 14,771 11,937
Total current assets: 15,076 12,092
Net current assets (liabilities): 15,076 12,092
Total assets less current liabilities: 22,841 18,304
Total net assets (liabilities): 22,841 18,304
Capital and reserves
Called up share capital: 100 100
Other reserves: 15,506 11,626
Profit and loss account: 7,235 6,578
Shareholders funds: 22,841 18,304

The notes form part of these financial statements

OBO&SONS LTD

Balance sheet statements

For the year ending 30 September 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 04 October 2024
and signed on behalf of the board by:

Name: Damilola Odukoya
Status: Director

The notes form part of these financial statements

OBO&SONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

1. Accounting policies

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

Other accounting policies

OBO&SONS LTD hereinafter referred to as the company is registered with companies house with registration no12878973 with ODUKOYA, Damilola Ebenezer as the sole director. The company provide - Residential care activities for learning difficulties, mental health and substance abuse to its customers through its director. The financial statement has been prepared under the historical cost convention and in accordance with the financial Reporting Standard for Smaller Entities (effective January 2016)

OBO&SONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

2. Employees

2023 2022
Average number of employees during the period 1 1

No other Employee was paid at the end of the financial year.

OBO&SONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

3. Tangible Assets

Total
Cost £
At 01 October 2022 7,975
Additions 1,773
At 30 September 2023 9,748
Depreciation
At 01 October 2022 1,763
Charge for year 220
At 30 September 2023 1,983
Net book value
At 30 September 2023 7,765
At 30 September 2022 6,212

Property, plant and equipment (PPE) are the long-term tangible assets that are shown on the balance sheet of the company. The company recognizes an asset as an item of PPE when the asset has a useful life for more than one year and it is used for production or supply of goods or services, for rental to others, or for administrative purposes. Property, plant and equipment include land, building, machinery, vehicles, office equipment and furniture, etc. The company records an item of property, plant and equipment initially at its cost in the accounting record. It includes all costs that necessary to bring the asset to the working condition that it can be used as intended. The cost of an item of PPE includes purchased price, import duties, and the costs to get assets to the location and condition ready to use such as transportation and installation cost, etc.

OBO&SONS LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 305 155

This has already been deducted from the directors wages before arriving at the current wage. Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at the amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.