OB Consulting Limited 04094338 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is the provision of management consultancy. Digita Accounts Production Advanced 6.30.9574.0 true true 04094338 2023-05-01 2024-04-30 04094338 2024-04-30 04094338 bus:CompanySecretaryDirector2 1 2024-04-30 04094338 bus:Director1 1 2024-04-30 04094338 core:CurrentFinancialInstruments 2024-04-30 04094338 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 04094338 core:FurnitureFittingsToolsEquipment 2024-04-30 04094338 bus:SmallEntities 2023-05-01 2024-04-30 04094338 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 04094338 bus:FilletedAccounts 2023-05-01 2024-04-30 04094338 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 04094338 bus:RegisteredOffice 2023-05-01 2024-04-30 04094338 bus:CompanySecretaryDirector2 2023-05-01 2024-04-30 04094338 bus:CompanySecretaryDirector2 1 2023-05-01 2024-04-30 04094338 bus:Director1 2023-05-01 2024-04-30 04094338 bus:Director1 1 2023-05-01 2024-04-30 04094338 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 04094338 core:FurnitureFittings 2023-05-01 2024-04-30 04094338 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 04094338 core:OfficeEquipment 2023-05-01 2024-04-30 04094338 core:PlantMachinery 2023-05-01 2024-04-30 04094338 countries:AllCountries 2023-05-01 2024-04-30 04094338 2023-04-30 04094338 bus:CompanySecretaryDirector2 1 2023-04-30 04094338 bus:Director1 1 2023-04-30 04094338 core:FurnitureFittingsToolsEquipment 2023-04-30 04094338 2022-05-01 2023-04-30 04094338 2023-04-30 04094338 bus:Director1 1 2023-04-30 04094338 core:CurrentFinancialInstruments 2023-04-30 04094338 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 04094338 core:FurnitureFittingsToolsEquipment 2023-04-30 04094338 bus:Director1 1 2022-05-01 2023-04-30 04094338 bus:Director1 1 2022-04-30 iso4217:GBP xbrli:pure

Registration number: 04094338

OB Consulting Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

 

OB Consulting Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

OB Consulting Limited

(Registration number: 04094338)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,441

1,705

Current assets

 

Debtors

5

24,103

9,146

Cash at bank and in hand

 

1,661

17,193

 

25,764

26,339

Creditors: Amounts falling due within one year

6

(26,739)

(23,212)

Net current (liabilities)/assets

 

(975)

3,127

Total assets less current liabilities

 

466

4,832

Provisions for liabilities

(274)

(324)

Net assets

 

192

4,508

Capital and reserves

 

Called up share capital

100

100

Retained earnings

92

4,408

Shareholders' funds

 

192

4,508

For the financial year ending 30 April 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 year 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 January 2025 and signed on its behalf by:
 

.........................................
G S M Edwards
Company secretary and director

 

OB Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
3 Courtyard Barns
Brook Hall Farm
North Bradley
Trowbridge
Wiltshire
BA14 9PT

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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

OB Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & Fittings

15% reducing balance

Plant & Machinery

25% reducing balance

Office Equipment

25% straight line

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 debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

OB Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 May 2023

12,813

12,813

Additions

580

580

At 30 April 2024

13,393

13,393

Depreciation

At 1 May 2023

11,108

11,108

Charge for the year

844

844

At 30 April 2024

11,952

11,952

Net book value

At 30 April 2024

1,441

1,441

At 30 April 2023

1,705

1,705

 

OB Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

5

Debtors

2024
£

2023
£

Trade debtors

3,103

9,146

Other debtors

21,000

-

24,103

9,146

6

Creditors

Amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

25,024

21,712

Accruals and deferred income

1,715

1,500

26,739

23,212

7

Related party transactions

Transactions with directors

2024

At 1 May 2023
£

Advances to director
£

Repayments by director
£

At 30 April 2024
£

K G Edwards

Director's Loan Account

-

41,648

(31,148)

10,500

G S M Edwards

Directors Loan Account

-

41,648

(31,148)

10,500

2023

At 1 May 2022
£

Repayments by director
£

At 30 April 2023
£

K G Edwards

Director's Loan Account

40,130

(40,130)

-