Registered number
07819979
OBA SCHOOL LTD
Filleted Accounts
31 October 2024
OBA SCHOOL LTD
Registered number: 07819979
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 43,372 43,372
Current assets
Debtors 4 60,628 61,439
Cash at bank and in hand 148 244
60,776 61,683
Creditors: amounts falling due within one year 5 (128,369) (115,610)
Net current liabilities (67,593) (53,927)
Total assets less current liabilities (24,221) (10,555)
Creditors: amounts falling due after more than one year 6 (30,572) (36,974)
Net liabilities (54,793) (47,529)
Capital and reserves
Called up share capital 1 1
Profit and loss account (54,794) (47,530)
Shareholders' funds (54,793) (47,529)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Hani Serhan
Director
Approved by the board on 6 May 2025
OBA SCHOOL LTD
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Intangible fixed assets £
Software development and content
Cost
At 1 November 2023 43,372
At 31 October 2024 43,372
Amortisation
At 31 October 2024 -
Net book value
At 31 October 2024 43,372
At 31 October 2023 43,372
4 Debtors 2024 2023
£ £
Trade debtors - 811
Prepaid software and development costs 60,628 60,628
60,628 61,439
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 675 675
Other creditors - shareholder's loan 117,694 104,935
128,369 115,610
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 30,572 36,974
7 Other information
OBA SCHOOL LTD is a private company limited by shares and incorporated in England. Its registered office is:
13 Hubert Walter Drive
Maidstone
Kent
ME16 0BE
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