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REGISTERED NUMBER: 13020043 (England and Wales)











Financial Statements

for the Year Ended 31 March 2024

for

OBG79 LTD

OBG79 LTD (REGISTERED NUMBER: 13020043)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OBG79 LTD

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr J S Goulstine





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 13020043 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

OBG79 LTD (REGISTERED NUMBER: 13020043)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,233 -

CURRENT ASSETS
Stocks 5 19,107 16,808
Debtors 6 248,105 113,402
Cash at bank and in hand 148,847 440,328
416,059 570,538
CREDITORS
Amounts falling due within one year 7 672,657 722,728
NET CURRENT LIABILITIES (256,598 ) (152,190 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(255,365

)

(152,190

)

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 (256,365 ) (153,190 )
SHAREHOLDERS' FUNDS (255,365 ) (152,190 )

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

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

The director acknowledges his 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 17 March 2025 and were signed by:





Mr J S Goulstine - Director


OBG79 LTD (REGISTERED NUMBER: 13020043)

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

1. STATUTORY INFORMATION

OBG79 Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Fixtures and fittings - 25% on reducing balance

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 70 (2023 - 15 ) .

OBG79 LTD (REGISTERED NUMBER: 13020043)

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

4. TANGIBLE FIXED ASSETS
Plant and
machiner
etc
£   
COST
Additions 1,600
At 31 March 2024 1,600
DEPRECIATION
Charge for year 367
At 31 March 2024 367
NET BOOK VALUE
At 31 March 2024 1,233

5. STOCKS
31.3.24 31.3.23
£    £   
Stocks 19,107 16,808

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 155,254 -
Other debtors 45,483 70,848
Prepayments and accrued income 47,368 42,554
248,105 113,402

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 179,386 113,429
Social security and other taxes 48,297 21,804
VAT 72,846 138,544
Other creditors 320,709 442,151
Directors' current accounts 763 -
Accruals and deferred income 50,656 6,800
672,657 722,728

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
999 A Ordinary £1 999 999
1 B Ordinary £1 1 1
1,000 1,000

OBG79 LTD (REGISTERED NUMBER: 13020043)

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

9. RESERVES
Retained
earnings
£   

At 1 April 2023 (153,190 )
Deficit for the year (103,175 )
At 31 March 2024 (256,365 )

10. RELATED PARTY DISCLOSURES

As at the balance sheet date, included in creditors due within one year is £763 (2023: £nil) due and payable to the director. The amount is interest free are repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J S Goulstine.