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REGISTERED NUMBER: 02743239 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

OBTAINWISE LIMITED

OBTAINWISE LIMITED (REGISTERED NUMBER: 02743239)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


OBTAINWISE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: Mrs T B Callaghan
C A Petty





SECRETARY: Mrs T B Callaghan





REGISTERED OFFICE: Unit F
Pentagon Park
Barn Way, Lodge Farm
Northampton
NN5 7UW





REGISTERED NUMBER: 02743239 (England and Wales)





ACCOUNTANTS: Camfield Chapman Lowe
9 High Street
Woburn Sands
Milton Keynes
MK17 8RF

OBTAINWISE LIMITED (REGISTERED NUMBER: 02743239)

STATEMENT OF FINANCIAL POSITION
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 51,883 68,215

CURRENT ASSETS
Stocks 5 46,045 62,245
Debtors 6 218,298 185,392
Cash at bank and in hand 319,605 490,955
583,948 738,592
CREDITORS
Amounts falling due within one year 7 274,634 415,941
NET CURRENT ASSETS 309,314 322,651
TOTAL ASSETS LESS CURRENT
LIABILITIES

361,197

390,866

CREDITORS
Amounts falling due after more than one
year

8

(17,927

)

(31,898

)

PROVISIONS FOR LIABILITIES (12,515 ) (16,772 )
NET ASSETS 330,755 342,196

CAPITAL AND RESERVES
Called up share capital 4,600 4,600
Capital redemption reserve 2,600 2,600
Retained earnings 323,555 334,996
SHAREHOLDERS' FUNDS 330,755 342,196

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

OBTAINWISE LIMITED (REGISTERED NUMBER: 02743239)

STATEMENT OF FINANCIAL POSITION - continued
30TH SEPTEMBER 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th June 2025 and were signed on its behalf by:




C A Petty - Director



Mrs T B Callaghan - Director


OBTAINWISE LIMITED (REGISTERED NUMBER: 02743239)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

1. STATUTORY INFORMATION

Obtainwise 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to leasehold prop - in accordance with the property
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 20% 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.

Loan stock refers to equipment purchased by Obtainwise Limited which is installed at customers premises. Obtainwise Limited retain ownership of this equipment.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

OBTAINWISE LIMITED (REGISTERED NUMBER: 02743239)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 stakeholder pension scheme for its employees, all premiums due are charged to the profit and loss account in the period.


Foreign exchange
The company uses an average rate of exchange to convert foreign exchange transactions and any surplus or deficit at the year end is adjusted to the profit and loss account.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Fixtures
leasehold Plant and and
prop machinery fittings
£    £    £   
COST
At 1st October 2023 20,231 15,260 85,905
Additions - - -
Disposals - - -
At 30th September 2024 20,231 15,260 85,905
DEPRECIATION
At 1st October 2023 20,231 15,260 63,951
Charge for year - - 6,151
Eliminated on disposal - - -
At 30th September 2024 20,231 15,260 70,102
NET BOOK VALUE
At 30th September 2024 - - 15,803
At 30th September 2023 - - 21,954

OBTAINWISE LIMITED (REGISTERED NUMBER: 02743239)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st October 2023 19,576 56,451 197,423
Additions 1,500 5,490 6,990
Disposals - (18,850 ) (18,850 )
At 30th September 2024 21,076 43,091 185,563
DEPRECIATION
At 1st October 2023 5,298 24,468 129,208
Charge for year 3,944 6,061 16,156
Eliminated on disposal - (11,684 ) (11,684 )
At 30th September 2024 9,242 18,845 133,680
NET BOOK VALUE
At 30th September 2024 11,834 24,246 51,883
At 30th September 2023 14,278 31,983 68,215

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1st October 2023
and 30th September 2024 18,977
DEPRECIATION
At 1st October 2023 4,744
Charge for year 3,558
At 30th September 2024 8,302
NET BOOK VALUE
At 30th September 2024 10,675
At 30th September 2023 14,233

5. STOCKS
2024 2023
£    £   
Stocks 46,045 62,245

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 158,303 124,763
Other debtors 59,995 60,629
218,298 185,392

OBTAINWISE LIMITED (REGISTERED NUMBER: 02743239)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 175,514 267,002
Taxation and social security 77,013 128,379
Other creditors 22,107 20,560
274,634 415,941

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 17,927 31,898

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Loans to directors are charged interest at the HMRC prevailing rate and are repayable on demand.. Outstanding loans totalled £41,109 (2023 £46,755).

10. CHARGES

HSBC holds charges over the undertaking and all property of the business and Alba life Limited holds a rent deposit deed.