Company Registration No. 11750170 (England and Wales)
Studio Obi Limited
Unaudited accounts
for the year ended 30 April 2021
Studio Obi Limited
Unaudited accounts
Contents
Studio Obi Limited
Company Information
for the year ended 30 April 2021
Directors
William Lewis
Dominic Horridge
Paul Wilson
Company Number
11750170 (England and Wales)
Registered Office
80 MOSLEY STREET
MANCHESTER
M2 3FX
UNITED KINGDOM
Accountants
Accounts Lab Ltd
The Leeming Building
Vicar Lane
Leeds
West Yorkshire
LS2 7JF
Studio Obi Limited
Statement of financial position
as at 30 April 2021
Tangible assets
8,214
5,656
Cash at bank and in hand
91,216
30,378
Creditors: amounts falling due within one year
(100,742)
(132,023)
Net current assets/(liabilities)
19,948
(866)
Total assets less current liabilities
28,162
4,790
Creditors: amounts falling due after more than one year
(40,833)
-
Net (liabilities)/assets
(12,671)
4,790
Called up share capital
10
10
Profit and loss account
(12,681)
4,780
Shareholders' funds
(12,671)
4,790
For the year ending 30 April 2021 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 16 July 2021 and were signed on its behalf by
Dominic Horridge
Director
Company Registration No. 11750170
Studio Obi Limited
Notes to the Accounts
for the year ended 30 April 2021
Studio Obi Limited is a private company, limited by shares, registered in England and Wales, registration number 11750170. The registered office is 80 MOSLEY STREET, MANCHESTER, M2 3FX, 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.
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.
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:
Computer equipment
Straight Line - 33.3%
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.
4
Tangible fixed assets
Computer equipment
Studio Obi Limited
Notes to the Accounts
for the year ended 30 April 2021
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
22,542
97,986
Deferred tax asset
2,936
-
Accrued income and prepayments
3,986
2,749
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
9,167
-
Trade creditors
4,752
44,054
Taxes and social security
3,195
8,509
Other creditors
64,888
62,873
Loans from directors
-
(8)
7
Creditors: amounts falling due after more than one year
2021
2020
Allotted, called up and fully paid:
10,000 Ordinary shares of £0.001 each
10
10
9
Transactions with related parties
OBI Property Limited:
The company is related to OBI Property Limited by virtue of common shareholders and directors. The amount owed to OBI Property Limited at the balance sheet date was £64,265 (2020: £62,265).
10
Average number of employees
During the year the average number of employees was 3 (2020: 2).
