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REGISTERED NUMBER: NI058818 (Northern Ireland)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 30 April 2024

for

OBJECT ASSEMBLE LTD.

OBJECT ASSEMBLE LTD. (Registered number: NI058818)






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




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


OBJECT ASSEMBLE LTD.

Company Information
for the Year Ended 30 April 2024







DIRECTORS: C Woods
Mrs C Woods





SECRETARY:





REGISTERED OFFICE: 15 Bannfield Road
Rathfriland
County Down
BT34 5HG





REGISTERED NUMBER: NI058818 (Northern Ireland)





ACCOUNTANTS: JDA Tax & Accountancy Services Ltd
Suites 2 & 3
Marine Trade Center
Lockside
Brighton Marina Village
Sussex
BN2 5HA

OBJECT ASSEMBLE LTD. (Registered number: NI058818)

Report of the Directors
for the Year Ended 30 April 2024

The directors present their report with the financial statements of the company for the year ended 30 April 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the development of building projects

DIRECTORS
The directors shown below have held office during the whole of the period from 1 May 2023 to the date of this report.

C Woods
Mrs C Woods

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





C Woods - Director


27 January 2025

OBJECT ASSEMBLE LTD. (Registered number: NI058818)

Income Statement
for the Year Ended 30 April 2024

30.4.24 30.4.23
Notes £    £   

TURNOVER 11,512 817,177

Cost of sales 14,962 490,792
GROSS (LOSS)/PROFIT (3,450 ) 326,385

Administrative expenses 33,673 37,896
OPERATING (LOSS)/PROFIT 4 (37,123 ) 288,489

Interest receivable and similar
income

2,477

2,261
(LOSS)/PROFIT BEFORE TAXATION (34,646 ) 290,750

Tax on (loss)/profit - 48,377
(LOSS)/PROFIT FOR THE
FINANCIAL YEAR

(34,646

)

242,373

OBJECT ASSEMBLE LTD. (Registered number: NI058818)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 10,668 13,304

CURRENT ASSETS
Stocks 895,262 -
Debtors 6 513 23,138
Cash at bank 12,110 343,830
907,885 366,968
CREDITORS
Amounts falling due within one year 7 11,290 79,397
NET CURRENT ASSETS 896,595 287,571
TOTAL ASSETS LESS CURRENT
LIABILITIES

907,263

300,875

CREDITORS
Amounts falling due after more than
one year

8

655,382

-
NET ASSETS 251,881 300,875

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 251,879 300,873
SHAREHOLDERS' FUNDS 251,881 300,875

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

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

The directors acknowledge their 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.

OBJECT ASSEMBLE LTD. (Registered number: NI058818)

Balance Sheet - continued
30 April 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by:





C Woods - Director


OBJECT ASSEMBLE LTD. (Registered number: NI058818)

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

1. STATUTORY INFORMATION

OBJECT ASSEMBLE LTD. is a private company, limited by shares , registered in Northern Ireland. 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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

OBJECT ASSEMBLE LTD. (Registered number: NI058818)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. OPERATING (LOSS)/PROFIT

The operating loss (2023 - operating profit) is stated after charging:

30.4.24 30.4.23
£    £   
Depreciation - owned assets 2,668 4,435

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 69,185
Additions 32
At 30 April 2024 69,217
DEPRECIATION
At 1 May 2023 55,881
Charge for year 2,668
At 30 April 2024 58,549
NET BOOK VALUE
At 30 April 2024 10,668
At 30 April 2023 13,304

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 513 23,138

OBJECT ASSEMBLE LTD. (Registered number: NI058818)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 11,290 31,020
Taxation and social security - 48,377
11,290 79,397

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.24 30.4.23
£    £   
Other creditors 655,382 -