Company Registration No. 08373764 (England and Wales)
OBI Property Limited
Unaudited accounts
for the year ended 30 April 2019
OBI Property Limited
Unaudited accounts
Contents
OBI Property Limited
Company Information
for the year ended 30 April 2019
Directors
Dominic Francis Horridge
William John Lewis
Secretary
Elizabeth Ann Bisby
Company Number
08373764 (England and Wales)
Registered Office
80 MOSLEY STREET
MANCHESTER
M2 3FX
Accountants
Accounts Lab Ltd
The Leeming Building
Vicar Lane
Leeds
West Yorkshire
LS2 7JF
OBI Property Limited
Statement of financial position
as at
30 April 2019
Intangible assets
14,820
22,050
Tangible assets
27,917
43,022
Debtors
1,544,050
1,367,519
Cash at bank and in hand
2,560,271
2,109,426
Creditors: amounts falling due within one year
(757,909)
(609,812)
Net current assets
3,346,412
2,867,133
Total assets less current liabilities
3,389,149
2,932,205
Provisions for liabilities
Deferred tax
(5,304)
(10,268)
Net assets
3,383,845
2,921,937
Called up share capital
20
20
Capital redemption reserve
10
10
Profit and loss account
3,383,815
2,921,907
Shareholders' funds
3,383,845
2,921,937
For the year ending 30 April 2019 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.
Approved by the Board on 9 September 2019.
William John Lewis
Director
Company Registration No. 08373764
OBI Property Limited
Notes to the Accounts
for the year ended 30 April 2019
OBI Property Limited is a private company, limited by shares, registered in England and Wales, registration number 08373764. The registered office is 80 MOSLEY STREET, MANCHESTER, M2 3FX.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Plant & machinery
20% reducing balance
Fixtures & fittings
20% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
OBI Property Limited
Notes to the Accounts
for the year ended 30 April 2019
4
Intangible fixed assets
Goodwill
Other
Total
At 1 May 2018
1,360,000
23,730
1,383,730
Disposals
-
(8,400)
(8,400)
At 30 April 2019
1,360,000
15,330
1,375,330
At 1 May 2018
1,360,000
1,680
1,361,680
On disposals
-
(1,680)
(1,680)
Charge for the year
-
510
510
At 30 April 2019
1,360,000
510
1,360,510
At 30 April 2019
-
14,820
14,820
At 30 April 2018
-
22,050
22,050
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2018
78,016
37,592
18,825
134,433
Additions
1,521
3,205
-
4,726
Disposals
(29,047)
(7,469)
(10,002)
(46,518)
At 30 April 2019
50,490
33,328
8,823
92,641
At 1 May 2018
51,337
19,486
20,588
91,411
Charge for the year
15,335
6,282
4,932
26,549
On disposals
(29,047)
(7,469)
(16,720)
(53,236)
At 30 April 2019
37,625
18,299
8,800
64,724
At 30 April 2019
12,865
15,029
23
27,917
At 30 April 2018
26,679
18,106
(1,763)
43,022
Trade debtors
1,001,471
1,297,590
Accrued income and prepayments
63,682
27,429
Other debtors
478,897
42,500
OBI Property Limited
Notes to the Accounts
for the year ended 30 April 2019
7
Creditors: amounts falling due within one year
2019
2018
Trade creditors
147,602
2,772
Taxes and social security
336,035
388,902
Other creditors
16,419
5,138
Loans from directors
1,234
1,300
8
Share capital
2019
2018
Allotted, called up and fully paid:
20 Ordinary shares of £1 each
20
20
9
Average number of employees
During the year the average number of employees was 27 (2018: 22).