Registration number: 03321922

D Obbard & Sons (Trading) Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

D Obbard & Sons (Trading) Limited

Company Information

Directors

S C Obbard K D Obbard M M Burrows

Company secretary

K D Obbard

Registered office

West End Cherry Gardens Farm Cherry Gardens Hill Groombridge Kent TN3 9NY

D Obbard & Sons (Trading) Limited

(Registration number: 03321922)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets		1	1
Tangible assets	4	82,499	80,819
		82,500	80,820
Current assets
Stocks	5	200	200
Debtors	6	79,930	77,926
Cash at bank and in hand		9,839	13,809
		89,969	91,935
Creditors: Amounts falling due within one year	7	(126,623)	(125,609)
Net current liabilities		(36,654)	(33,674)
Net assets		45,846	47,146
Capital and reserves
Called up share capital		1	1
Retained earnings		45,845	47,145
Shareholders' funds		45,846	47,146

D Obbard & Sons (Trading) Limited

(Registration number: 03321922)
Balance Sheet as at 31 March 2025

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 October 2025 and signed on its behalf by:
 

......................................... K D Obbard Company secretary and director

D Obbard & Sons (Trading) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
West End
Cherry Gardens Farm
Cherry Gardens Hill
Groombridge
Kent
TN3 9NY

These financial statements were authorised for issue by the Board on 21 October 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

D Obbard & Sons (Trading) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Vehicles, plant & machinery	25% RB

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

D Obbard & Sons (Trading) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

4	Tangible assets

	Land and buildings £	Other tangible assets  £	Total £
Cost or valuation
At 1 April 2024	80,641	1,899	82,540
Additions	-	2,300	2,300
At 31 March 2025	80,641	4,199	84,840
Depreciation
At 1 April 2024	-	1,721	1,721
Charge for the year	-	620	620
At 31 March 2025	-	2,341	2,341
Carrying amount
At 31 March 2025	80,641	1,858	82,499
At 31 March 2024	80,641	178	80,819

Included within the net book value of land and buildings above is £80,641 (2024 - £80,641) in respect of freehold land and buildings.
 

5

Stocks

	2025 £	2024 £
Other inventories	200	200

6

Debtors

	Note	2025 £	2024 £
Amounts owed by related parties	8	79,208	75,700
Other debtors		722	198
Prepayments		-	2,028
		79,930	77,926

D Obbard & Sons (Trading) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	107	-
Taxation and social security	223	271
Accruals and deferred income	1,900	945
Other creditors	124,393	124,393
	126,623	125,609

8	Related party transactions

At the Balance Sheet date, the company was owed £79,208 (2024: £75,700) by its parent.

The company's immediate parent is D. Obbard & Sons Limited, incorporated in United Kingdom.