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REGISTERED NUMBER: 05159063 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Observe Solutions Ltd

Observe Solutions Ltd (Registered number: 05159063)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Observe Solutions Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: R D Spilling





REGISTERED OFFICE: 1 Warden Hall Cottages
Fyfield Road
Willingale
Ongar
Essex
CM5 0QB





REGISTERED NUMBER: 05159063 (England and Wales)





ACCOUNTANTS: Accounts by Simply Ltd
Unit 15
Runwell Hall Farmhouse
Hoe Lane
Rettendon
Essex
CM3 8DQ

Observe Solutions Ltd (Registered number: 05159063)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 295,137 174,688

CURRENT ASSETS
Debtors 5 363,664 360,762
Cash at bank 281,015 377,951
644,679 738,713
CREDITORS
Amounts falling due within one year 6 81,839 145,332
NET CURRENT ASSETS 562,840 593,381
TOTAL ASSETS LESS CURRENT
LIABILITIES

857,977

768,069

CREDITORS
Amounts falling due after more than
one year

7

(112,578

)

(56,001

)

PROVISIONS FOR LIABILITIES 8 (73,785 ) (43,263 )
NET ASSETS 671,614 668,805

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 671,564 668,755
671,614 668,805

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

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

Observe Solutions Ltd (Registered number: 05159063)

Balance Sheet - continued
31 August 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 November 2024 and were signed by:





R D Spilling - Director


Observe Solutions Ltd (Registered number: 05159063)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Observe Solutions 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.

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 represents the value of sales to customers, net of discounts, allowances, volume and promotional rebates and other payments to customers and excludes VAT. Sale of goods are recognised when the company has delivered product to the customer, the customer has accepted the products and collectability of the related receivable is reasonably assured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 5% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Observe Solutions Ltd (Registered number: 05159063)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 20,100 497,968 518,068
Additions - 179,490 179,490
At 31 August 2024 20,100 677,458 697,558
DEPRECIATION
At 1 September 2023 4,020 339,360 343,380
Charge for year 1,005 58,036 59,041
At 31 August 2024 5,025 397,396 402,421
NET BOOK VALUE
At 31 August 2024 15,075 280,062 295,137
At 31 August 2023 16,080 158,608 174,688

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 93,536 95,634
Amounts owed by group undertakings 270,128 265,128
363,664 360,762

Observe Solutions Ltd (Registered number: 05159063)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 38,983 16,000
Trade creditors 3,427 12,239
Taxation and social security 27,237 104,806
Other creditors 2,192 2,287
81,839 145,332

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 8,334 18,333
Hire purchase contracts 104,244 37,668
112,578 56,001

8. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax 73,785 43,263

Deferred
tax
£   
Balance at 1 September 2023 43,263
Provided during year 30,522
Balance at 31 August 2024 73,785