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Company Registration No. 07807828 (England and Wales)
OBS Facilities Ltd. Unaudited accounts for the year ended 31 October 2024
OBS Facilities Ltd. Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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OBS Facilities Ltd. Company Information for the year ended 31 October 2024
Directors
Bhavna Mudgal Mukand Sai Mudgal
Secretary
Mukand Sai Mudgal
Company Number
07807828 (England and Wales)
Registered Office
40 Walnut Tree Road Heston Middlesex TW5 0LR UNITED KINGDOM
Accountants
Abacus Accounting Solutions Ltd 5 Pasture Close North Wembley Middlesex HA0 3JE
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OBS Facilities Ltd. Statement of financial position as at 31 October 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
18,908
3,404
Current assets
Inventories
1,980
2,686
Debtors
5
225
60,100
Cash at bank and in hand
249
307
2,454
63,093
Creditors: amounts falling due within one year
6
(89,864)
(74,819)
Net current liabilities
(87,410)
(11,726)
Total assets less current liabilities
(68,502)
(8,322)
Creditors: amounts falling due after more than one year
7
(24,765)
(19,549)
Net liabilities
(93,267)
(27,871)
Capital and reserves
Called up share capital
15
15
Profit and loss account
(93,282)
(27,886)
Shareholders' funds
(93,267)
(27,871)
For the year ending 31 October 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 directors acknowledge their 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 of Directors and authorised for issue on 5 September 2025 and were signed on its behalf by
Mukand Sai Mudgal Director Company Registration No. 07807828
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OBS Facilities Ltd. Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
OBS Facilities Ltd. is a private company, limited by shares, registered in England and Wales, registration number 07807828. The registered office is 40 Walnut Tree Road, Heston, Middlesex, TW5 0LR, UNITED KINGDOM.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Motor vehicles
25% reducing balance
Government grants
Grants receivable Business grants are credited to profit and loss account on an accruals basis where it is probable that they will be received. Government assisted loans Loans received through the Bounce Back Loan Scheme (BBLS) or the Coronavirus Business Interruption Loan Scheme (CBILS) are accounted for on the date the funds are received by the company. The first twelve months of the interest charge, which is funded by the government, is recognised in the profit and loss account as both an interest charge and as a government grant receivable.
Presentation currency
The accounts are presented in £ sterling.
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OBS Facilities Ltd. Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Motor vehicles
£
Cost or valuation
At cost
At 1 November 2023
19,128
Additions
19,950
Disposals
(19,128)
At 31 October 2024
19,950
Depreciation
At 1 November 2023
15,724
Charge for the year
1,042
On disposals
(15,724)
At 31 October 2024
1,042
Net book value
At 31 October 2024
18,908
At 31 October 2023
3,404
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
-
60,100
Other debtors
225
-
225
60,100
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
9,460
9,748
Obligations under finance leases and hire purchase contracts
3,031
-
Taxes and social security
-
8,596
Other creditors
76,641
55,807
Accruals
732
668
89,864
74,819
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
9,815
19,549
Obligations under finance leases and hire purchase contracts
14,950
-
24,765
19,549
8
Average number of employees
During the year the average number of employees was 4 (2023: 3).
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