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REGISTERED NUMBER: 10001686 (England and Wales)























Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Objective Assessment Limited

Objective Assessment Limited (Registered number: 10001686)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Objective Assessment Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mr G C Delbridge





REGISTERED OFFICE: 316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE





REGISTERED NUMBER: 10001686 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

Objective Assessment Limited (Registered number: 10001686)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 43,082 1,624

CURRENT ASSETS
Debtors 5 243,267 51,021
Cash at bank 164,082 444,058
407,349 495,079
CREDITORS
Amounts falling due within one year 6 138,083 176,296
NET CURRENT ASSETS 269,266 318,783
TOTAL ASSETS LESS CURRENT
LIABILITIES

312,348

320,407

PROVISIONS FOR LIABILITIES 7,325 2,364
NET ASSETS 305,023 318,043

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 304,922 317,942
SHAREHOLDERS' FUNDS 305,023 318,043

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Objective Assessment Limited (Registered number: 10001686)

Statement of Financial Position - continued
30 June 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2024 and were signed by:





Mr G C Delbridge - Director


Objective Assessment Limited (Registered number: 10001686)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

Objective Assessment Limited 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and 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.

Objective Assessment Limited (Registered number: 10001686)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 479 220 - 7,221 7,920
Additions - - 52,390 - 52,390
At 30 June 2024 479 220 52,390 7,221 60,310
DEPRECIATION
At 1 July 2023 287 193 - 5,816 6,296
Charge for year 96 7 10,478 351 10,932
At 30 June 2024 383 200 10,478 6,167 17,228
NET BOOK VALUE
At 30 June 2024 96 20 41,912 1,054 43,082
At 30 June 2023 192 27 - 1,405 1,624

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 21,363 48,578
Other debtors 221,904 2,443
243,267 51,021

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 125 165
Taxation and social security 20,489 57,994
Other creditors 117,469 118,137
138,083 176,296

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.24 30.6.23
£    £   
Within one year - 5,747

Objective Assessment Limited (Registered number: 10001686)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
Mr G C Delbridge
Balance outstanding at start of year (454 ) 170,732
Amounts advanced 356,979 222,354
Amounts repaid (137,074 ) (393,540 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 219,451 (454 )

The closing balance is shown within other debtors on the balance sheet and will be repaid in full within 9 months of the year end.

9. RELATED PARTY DISCLOSURES

At the year end a loan of £114,994 (2023: £114,994) is included within other creditors.

This is owed to a company in which the director is a director and shareholder. No interest has been charged on this loan and the loan is repayable on demand.