OB Lighting Group Ltd SC757905 false 2023-02-06 2024-02-29 2024-02-29 The principal activity of the company is specialist lighting providers Digita Accounts Production Advanced 6.30.9574.0 true SC757905 2023-02-06 2024-02-29 SC757905 2024-02-29 SC757905 bus:OrdinaryShareClass1 bus:CumulativeShares 2024-02-29 SC757905 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 SC757905 bus:SmallEntities 2023-02-06 2024-02-29 SC757905 bus:AuditExemptWithAccountantsReport 2023-02-06 2024-02-29 SC757905 bus:FullAccounts 2023-02-06 2024-02-29 SC757905 bus:SmallCompaniesRegimeForAccounts 2023-02-06 2024-02-29 SC757905 bus:RegisteredOffice 2023-02-06 2024-02-29 SC757905 bus:Director1 2023-02-06 2024-02-29 SC757905 bus:Director2 2023-02-06 2024-02-29 SC757905 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-02-06 2024-02-29 SC757905 bus:PrivateLimitedCompanyLtd 2023-02-06 2024-02-29 SC757905 countries:Scotland 2023-02-06 2024-02-29 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC757905

OB Lighting Group Ltd

Annual Report and Unaudited Financial Statements

for the Period from 6 February 2023 to 29 February 2024

 

OB Lighting Group Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

OB Lighting Group Ltd

Company Information

Directors

Mr Bradley Dunn

Miss Olivia Isabelle Walker

Registered office

159 King Street
Rutherglen
Glasgow
G73 1BZ

Accountants

Clyde Business Services
159 King Street
Glasgow
Lanarkshire
G73 1BZ

 

OB Lighting Group Ltd

(Registration number: SC757905)
Balance Sheet as at 29 February 2024

Note

2024
£

Current assets

 

Cash at bank and in hand

 

273

Creditors: Amounts falling due within one year

4

(475)

Net liabilities

 

(202)

Capital and reserves

 

Called up share capital

5

2

Retained earnings

(204)

Shareholders' deficit

 

(202)

For the financial period ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 16 July 2024 and signed on its behalf by:
 

.........................................
Mr Bradley Dunn
Director

 

OB Lighting Group Ltd

Notes to the Unaudited Financial Statements for the Period from 6 February 2023 to 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
159 King Street
Rutherglen
Glasgow
G73 1BZ

These financial statements were authorised for issue by the Board on 16 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

OB Lighting Group Ltd

Notes to the Unaudited Financial Statements for the Period from 6 February 2023 to 29 February 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Other creditors

475

5

Share capital

Allotted, called up and fully paid shares

 

2024

 

No.

£

Ordinary of £1 each

2

2