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
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
On Board Defence Ltd
Statement of financial position
as at 31 March 2024
Intangible assets
1,072
1,986
Tangible assets
97,192
97,639
Inventories
126,865
129,747
Cash at bank and in hand
56,000
306,114
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
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
On Board Defence Ltd
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Fixtures & fittings
20% RBM
Computer equipment
20% RBM
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
On Board Defence Ltd
Notes to the Accounts
for the year ended 31 March 2024
4
Intangible fixed assets
Other
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
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
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
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
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
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
Loans from directors
25
10,961
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
55,202
66,179
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).