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REGISTERED NUMBER: 09577954 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 May 2024

for

Obellious Limited

Obellious Limited (Registered number: 09577954)






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




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Obellious Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: P H Jensen
Miss S S Berry





SECRETARY:





REGISTERED OFFICE: Suites 2 & 3 Marine Trade Centre
Lockside
Brighton Marina
Sussex
BN2 5HA





REGISTERED NUMBER: 09577954 (England and Wales)





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

Obellious Limited (Registered number: 09577954)

Report of the Directors
for the Year Ended 31 May 2024

The directors present their report with the financial statements of the company for the year ended 31 May 2024.

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

P H Jensen
Miss S S Berry

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:





P H Jensen - Director


8 January 2025

Obellious Limited (Registered number: 09577954)

Income Statement
for the Year Ended 31 May 2024

31.5.24 31.5.23
Notes £    £   

TURNOVER 631,999 633,713

Cost of sales 154,543 166,827
GROSS PROFIT 477,456 466,886

Administrative expenses 455,335 464,403
OPERATING PROFIT 4 22,121 2,483

Income from fixed asset investments 19,581 18,204
41,702 20,687

Interest payable and similar
expenses

6,215

8,527
PROFIT BEFORE TAXATION 35,487 12,160

Tax on profit 10,477 4,668
PROFIT FOR THE FINANCIAL YEAR 25,010 7,492

Obellious Limited (Registered number: 09577954)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 182,455 201,672
Tangible assets 6 39,216 38,451
221,671 240,123

CURRENT ASSETS
Stocks 6,000 6,000
Debtors 7 15,129 12,719
Cash at bank 29,618 54,027
50,747 72,746
CREDITORS
Amounts falling due within one year 8 142,513 174,186
NET CURRENT LIABILITIES (91,766 ) (101,440 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

129,905

138,683

CREDITORS
Amounts falling due after more than
one year

9

63,365

57,153
NET ASSETS 66,540 81,530

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 66,538 81,528
66,540 81,530

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

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

Obellious Limited (Registered number: 09577954)

Balance Sheet - continued
31 May 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 8 January 2025 and were signed on its behalf by:





P H Jensen - Director


Obellious Limited (Registered number: 09577954)

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

1. STATUTORY INFORMATION

Obellious Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 15 years

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assetts less their residual values over their useful lives on the following bases:

Leasehold land and buildings Not depreciated
Plant and equipment 33% straight line
Fixtures and fittings 15% reducing balance
Computers 33% straight line

The gain or loss arising on the disposal of an asset os determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit and loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Obellious Limited (Registered number: 09577954)

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

2. ACCOUNTING POLICIES - continued
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.

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.

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 16 (2023 - 16 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31.5.24 31.5.23
£    £   
Depreciation - owned assets 6,535 10,556
Goodwill amortisation 19,217 19,217

Obellious Limited (Registered number: 09577954)

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

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 338,524
AMORTISATION
At 1 June 2023 136,852
Charge for year 19,217
At 31 May 2024 156,069
NET BOOK VALUE
At 31 May 2024 182,455
At 31 May 2023 201,672

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 81,762
Additions 8,647
Disposals (4,791 )
At 31 May 2024 85,618
DEPRECIATION
At 1 June 2023 43,311
Charge for year 6,535
Eliminated on disposal (3,444 )
At 31 May 2024 46,402
NET BOOK VALUE
At 31 May 2024 39,216
At 31 May 2023 38,451

7. DEBTORS
31.5.24 31.5.23
£    £   
Amounts falling due within one year:
Trade debtors 277 15
Other debtors 8,852 6,704
9,129 6,719

Obellious Limited (Registered number: 09577954)

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

7. DEBTORS - continued
31.5.24 31.5.23
£    £   
Amounts falling due after more than one year:
Other debtors 6,000 6,000

Aggregate amounts 15,129 12,719

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts - 10,635
Trade creditors 17,455 16,443
Taxation and social security 43,339 34,259
Other creditors 81,719 112,849
142,513 174,186

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 63,365 57,153