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Registered number: 06508403
Ob Platforms Limited
Financial Statements
For The Year Ended 31 March 2025
NJ Accounting Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06508403
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,877 14,757
11,877 14,757
CURRENT ASSETS
Stocks 5 41,252 41,252
Debtors 6 303,375 257,921
Cash at bank and in hand 93,343 89,060
437,970 388,233
Creditors: Amounts Falling Due Within One Year 7 (209,788 ) (176,453 )
NET CURRENT ASSETS (LIABILITIES) 228,182 211,780
TOTAL ASSETS LESS CURRENT LIABILITIES 240,059 226,537
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,257 ) (2,754 )
NET ASSETS 237,802 223,783
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 237,702 223,683
SHAREHOLDERS' FUNDS 237,802 223,783
Page 1
Page 2
For the 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.
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Robyn Payne
Director
22/12/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ob Platforms Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06508403 . The registered office is The Old Workshop Ripley Lane, West Horsley, Leatherhead, KT24 6JT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 20% on cost
Plant & Machinery 25% on cost
Fixtures & Fittings 25% on cost
Computer Equipment 33% on cost
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 50,603 198,394 24,968 12,339 286,304
Additions - 2,936 - 1,367 4,303
Disposals - - - (1,478 ) (1,478 )
As at 31 March 2025 50,603 201,330 24,968 12,228 289,129
Depreciation
As at 1 April 2024 50,603 186,907 24,111 9,926 271,547
Provided during the period - 5,140 214 1,829 7,183
Disposals - - - (1,478 ) (1,478 )
As at 31 March 2025 50,603 192,047 24,325 10,277 277,252
Net Book Value
As at 31 March 2025 - 9,283 643 1,951 11,877
As at 1 April 2024 - 11,487 857 2,413 14,757
5. Stocks
2025 2024
£ £
Stock 41,252 41,252
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 36,267 35,941
Prepayments and accrued income 1,570 1,176
Sasbery Spirits Ltd (Debtors < 1 year) 265,538 220,804
303,375 257,921
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts 27,328 36,378
Corporation tax 39,429 33,730
Other taxes and social security 168 1,307
VAT 19,175 19,803
Other creditors 9,617 7,874
Accruals and deferred income 3,275 10,184
Directors' loan accounts 110,796 67,177
209,788 176,453
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 5