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Company Registration No. 4515993 (England and Wales)
On Board Defence Ltd Unaudited accounts for the year ended 31 March 2024
On Board Defence Ltd Unaudited accounts Contents
Page
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On Board Defence Ltd Company Information for the year ended 31 March 2024
Director
Mr. Paul Michael Chase
Company Number
4515993 (England and Wales)
Registered Office
UNIT 3 HASLEMERE WAY BANBURY OXFORDSHIRE OX16 5TY
Accountants
Azoth Digital Accountants Jonathan Scott Hall Thorpe Road Norwich Norfolk NR1 1UH
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On Board Defence Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
1,072 
1,986 
Tangible assets
97,192 
97,639 
98,264 
99,625 
Current assets
Inventories
126,865 
129,747 
Debtors
954,957 
746,963 
Cash at bank and in hand
56,000 
306,114 
1,137,822 
1,182,824 
Creditors: amounts falling due within one year
(173,855)
(174,357)
Net current assets
963,967 
1,008,467 
Total assets less current liabilities
1,062,231 
1,108,092 
Creditors: amounts falling due after more than one year
(69,400)
(87,846)
Provisions for liabilities
Deferred tax
(3,323)
(4,715)
Net assets
989,508 
1,015,531 
Capital and reserves
Called up share capital
91 
91 
Capital redemption reserve
10 
10 
Profit and loss account
989,407 
1,015,430 
Shareholders' funds
989,508 
1,015,531 
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 November 2024 and were signed on its behalf by
Mr. Paul Michael Chase Director Company Registration No. 4515993
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On Board Defence Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
On Board Defence Ltd is a private company, limited by shares, registered in England and Wales, registration number 4515993. The registered office is UNIT 3 HASLEMERE WAY, BANBURY, OXFORDSHIRE, OX16 5TY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% SLM
Plant & machinery
20% RBM
Motor vehicles
15% RBM
Fixtures & fittings
20% RBM
Computer equipment
20% RBM
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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On Board Defence Ltd Notes to the Accounts for the year ended 31 March 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2023
17,855 
At 31 March 2024
17,855 
Amortisation
At 1 April 2023
15,869 
Charge for the year
914 
At 31 March 2024
16,783 
Net book value
At 31 March 2024
1,072 
At 31 March 2023
1,986 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
29,931 
88,328 
7,566 
15,423 
141,248 
Additions
17,537 
22,749 
- 
2,089 
42,375 
Revaluations
- 
(22,749)
- 
- 
(22,749)
Disposals
(1,590)
- 
- 
- 
(1,590)
At 31 March 2024
45,878 
88,328 
7,566 
17,512 
159,284 
Depreciation
At 1 April 2023
18,758 
9,069 
5,883 
9,899 
43,609 
Charge for the year
5,660 
14,699 
337 
1,358 
22,054 
On disposals
(761)
(2,810)
- 
- 
(3,571)
At 31 March 2024
23,657 
20,958 
6,220 
11,257 
62,092 
Net book value
At 31 March 2024
22,221 
67,370 
1,346 
6,255 
97,192 
At 31 March 2023
11,173 
79,259 
1,683 
5,524 
97,639 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
27,671 
87,878 
Amounts due from group undertakings etc.
900,328 
632,774 
Accrued income and prepayments
16,912 
16,265 
Other debtors
10,046 
10,046 
954,957 
746,963 
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On Board Defence Ltd Notes to the Accounts for the year ended 31 March 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
2,630 
15,375 
Obligations under finance leases and hire purchase contracts
10,976 
9,109 
Trade creditors
108,801 
76,538 
Taxes and social security
40,470 
39,482 
Other creditors
431 
- 
Loans from directors
25 
10,961 
Accruals
522 
12,892 
173,855 
174,357 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
14,198 
21,667 
Obligations under finance leases and hire purchase contracts
55,202 
66,179 
69,400 
87,846 
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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