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Unaudited Financial Statements

for the Period 9 May 2023 to 31 May 2024

for


OGB Consulting Ltd



OGB Consulting Ltd (Registered number: SC768589)








Contents of the Financial Statements

for the Period 9 May 2023 to 31 May 2024





Page



Company Information  

1



Balance Sheet  

2



Notes to the Financial Statements  

3





OGB Consulting Ltd



Company Information

for the Period 9 May 2023 to 31 May 2024









DIRECTOR:

Olivia

Gomes Bell







SECRETARY:








REGISTERED OFFICE:

Suite 2/3


2nd Floor


48 West George Street,


Glasgow


G2 1BP







REGISTERED NUMBER:

SC768589 (Scotland)







ACCOUNTANTS:

LMC Accountants Ltd


Chartered Accountants


73 Stirling Business Centre


Wellgreen Place


Stirling


FK8 2DZ



OGB Consulting Ltd (Registered number: SC768589)



Balance Sheet

31 May 2024



Notes

£   



CURRENT ASSETS


Debtors

4

19,319




Cash at bank

52,345



71,664




CREDITORS


Amounts falling due within one year

5

25,649




NET CURRENT ASSETS

46,015




TOTAL ASSETS LESS CURRENT

LIABILITIES

46,015





CAPITAL AND RESERVES


Called up share capital

1




Retained earnings

46,014



46,015




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


The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.  


The director acknowledges her 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.

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


In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.


The financial statements were approved by the director and authorised for issue on 5 February 2025 and were signed by:






Olivia Gomes Bell - Director




OGB Consulting Ltd (Registered number: SC768589)



Notes to the Financial Statements

for the Period 9 May 2023 to 31 May 2024


1.

STATUTORY INFORMATION



OGB Consulting Ltd is a private company, limited by shares , registered in Scotland. 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.


Taxation

Taxation for the period 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 period 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 period was NIL.


4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


£   



Trade debtors

19,319





OGB Consulting Ltd (Registered number: SC768589)



Notes to the Financial Statements - continued

for the Period 9 May 2023 to 31 May 2024


5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


£   



Taxation and social security

20,792




Other creditors

4,857



25,649




6.

DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES



The following advances and credits to a director subsisted during the period ended 31 May 2024:


£   



Olivia Gomes Bell



Balance outstanding at start of period

-




Amounts advanced

(3,757

)



Amounts repaid

-




Amounts written off

-




Amounts waived

-




Balance outstanding at end of period

(3,757

)