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Registered number: 07312074
Obelisk Legal Support Solutions Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 June 2026
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 07312074
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 74,481 127,514
Tangible Assets 5 1,536 998
76,017 128,512
CURRENT ASSETS
Debtors 595,362 526,736
Cash at bank and in hand 520,936 204,607
1,116,298 731,343
Creditors: Amounts Falling Due Within One Year (1,257,845 ) (1,273,470 )
NET CURRENT ASSETS (LIABILITIES) (141,547 ) (542,127 )
TOTAL ASSETS LESS CURRENT LIABILITIES (65,530 ) (413,615 )
Creditors: Amounts Falling Due After More Than One Year - (79,678 )
NET LIABILITIES (65,530 ) (493,293 )
CAPITAL AND RESERVES
Called up share capital 6 36,360 36,360
Profit and Loss Account (101,890 ) (529,653 )
SHAREHOLDERS' FUNDS (65,530) (493,293)
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For the year ending 30 June 2026 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 30 June 2026 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Ms Daniela Denis-Smith
Director
Ms Debbie Tembo
Director
18/09/2026
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Abridged Financial Statements
1. General Information
Obelisk Legal Support Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07312074 . The registered office is 26, Allonby Way, Aylesbury, England, HP21 7JA.
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. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
2.3. 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.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Website development costs are amortised on a straight-line basis over their estimated useful life of 3 years, commencing when the website is available for use.
2.5. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their expected useful economic lives, which  is over 5 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.6. 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:
Plant & Machinery 25% on straightline
Fixtures & Fittings 25% on straightline
Computer Equipment 3 years on straight line
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.8. 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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2025: 15)
14 15
4. Intangible Assets
Total
£
Cost
As at 1 July 2025 599,066
Disposals (275,535 )
As at 30 June 2026 323,531
Amortisation
As at 1 July 2025 471,552
Provided during the period 53,034
Disposals (275,536 )
As at 30 June 2026 249,050
Net Book Value
As at 30 June 2026 74,481
As at 1 July 2025 127,514
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5. Tangible Assets
Total
£
Cost
As at 1 July 2025 34,227
Additions 1,680
Disposals (20,689 )
As at 30 June 2026 15,218
Depreciation
As at 1 July 2025 33,229
Provided during the period 661
Disposals (20,208 )
As at 30 June 2026 13,682
Net Book Value
As at 30 June 2026 1,536
As at 1 July 2025 998
6. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 36,360 36,360
7. Reserves
Profit and Loss Account
£
As at 1 July 2025 (529,653 )
Profit for the year and total comprehensive income 427,763
As at 30 June 2026 (101,890 )
8. Related Party Transactions
At the year end, Spark21 (Charity Number: 1167825) where the director of Obelisk Legal support solutions Ltd is also the trustee owes the company £8,554 (2025: £8,464). At the year end the director Ms Daniela Denis-Smith is owed £252,707 (2025: £283,624.77), which is repayable on demand.
9. Secured Debt
There is a charge number 0731 2074 0001 secured on the company assets by Close Brother Limited created on 31 October 2013.
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