Company Registration No. SC143741 (Scotland)
Obtainstand Limited
Unaudited accounts
for the year ended 30 April 2024
Obtainstand Limited
Unaudited accounts
Contents
Obtainstand Limited
Company Information
for the year ended 30 April 2024
Company Number
SC143741 (Scotland)
Registered Office
401 Old Shettleston Road
Shettleston
Glasgow
G32 7JN
Scotland
Obtainstand Limited
Statement of financial position
as at 30 April 2024
Tangible assets
444,085
453,954
Cash at bank and in hand
20,257
36,854
Creditors: amounts falling due within one year
(14,865)
(14,272)
Net current assets
28,292
69,130
Total assets less current liabilities
472,377
523,084
Creditors: amounts falling due after more than one year
(13,333)
(23,333)
Net assets
459,044
499,751
Called up share capital
2
2
Profit and loss account
459,042
499,749
Shareholders' funds
459,044
499,751
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 April 2025 and were signed on its behalf by
Hugh Kelly
Director
Company Registration No. SC143741
Obtainstand Limited
Notes to the Accounts
for the year ended 30 April 2024
Obtainstand Limited is a private company, limited by shares, registered in Scotland, registration number SC143741. The registered office is 401 Old Shettleston Road, Shettleston, Glasgow, G32 7JN, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% Straight Line
Obtainstand Limited
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Land & buildings
Amounts falling due within one year
Other debtors
20,000
41,549
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Taxes and social security
3,275
3,062
Loans from directors
380
-
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).