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REGISTERED NUMBER: 03855118 (England and Wales)















OBABY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






OBABY LIMITED (REGISTERED NUMBER: 03855118)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 4


OBABY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: C T Goad
Mrs S Lewin
Miss P A L V Goad





SECRETARY: Mrs S Lewin





REGISTERED OFFICE: Unit 1 Kirton Business Park
Cleatham Road
Kirton In Lindsey
North Lincolnshire
DN21 4JR





REGISTERED NUMBER: 03855118 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR

OBABY LIMITED (REGISTERED NUMBER: 03855118)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £   
CURRENT ASSETS
Stocks 2,929,397 2,049,519
Debtors 4 2,026,137 2,240,654
Cash at bank and in hand 35,647 53,696
4,991,181 4,343,869
CREDITORS
Amounts falling due within one year 5 2,086,070 1,606,540
NET CURRENT ASSETS 2,905,111 2,737,329
TOTAL ASSETS LESS CURRENT LIABILITIES 2,905,111 2,737,329

CAPITAL AND RESERVES
Called up share capital 7 2,000 2,000
Retained earnings 2,903,111 2,735,329
SHAREHOLDERS' FUNDS 2,905,111 2,737,329

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Board of Directors and authorised for issue on 24 June 2025 and were signed on its behalf by:





Mrs S Lewin - Director


OBABY LIMITED (REGISTERED NUMBER: 03855118)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Obaby 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.

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of baby equipment is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of goods.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and 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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 the income statement in the period to which they relate.

OBABY LIMITED (REGISTERED NUMBER: 03855118)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 23 ) .

4. DEBTORS
31.12.24 31.12.23
£    £   
Amounts falling due within one year:
Trade debtors 1,677,152 1,563,187
Amounts owed by group undertakings 83,652 -
Invoice financing 273 216,061
Other debtors 265,060 140,690
2,026,137 1,919,938

Amounts falling due after more than one year:
Amounts owed by group undertakings - 320,716

Aggregate amounts 2,026,137 2,240,654

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 1,112,497 776,742
Taxation and social security 463,924 676,468
Other creditors 509,649 153,330
2,086,070 1,606,540

6. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Invoice finance 370,499 -

The invoice discounting facility is secured primarily against the book debts of the group.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
2,000 Ordinary £1 2,000 2,000

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have an overdrawn directors loan accounts totalling £32,340 overdrawn brought forward (2023: £Nil). During the year, the directors of the company borrowed £71,610 (2023: £32,340) from the company and repaid £5,250 (2023: £Nil). Interest of £1,008 was charged on the overdrawn amount.The balance at the end of the year totalled £99,708 overdrawn (2023: £32,340 overdrawn).