OBG Models Limited - Limited company - abbreviated

REGISTERED NUMBER: 08406281 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 18 February 2013 to 31 March 2014

for

OBG Models Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Miss O B Garson

REGISTERED OFFICE:

Brook Point

1412 High Road

London

N20 9BH

REGISTERED NUMBER:

08406281 (England and Wales)

ACCOUNTANTS:

Niren Blake LLP

Chartered Accountants

Brook Point

1412 High Road

Whetstone

London

N20 9BH

FIXED ASSETS

Intangible assets

2

165,739

Tangible assets

3

2,661

168,400

CURRENT ASSETS

Cash at bank

49,379

CREDITORS

Amounts falling due within one year

162,016

NET CURRENT LIABILITIES

(112,637

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

55,763

CAPITAL AND RESERVES

Called up share capital

4

1

Profit and loss account

55,762

SHAREHOLDERS' FUNDS

55,763

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395
and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as
applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 3 November 2014 and were signed by:

Miss O B Garson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

207,174

At 31 March 2014

207,174

AMORTISATION

Amortisation for period

41,435

At 31 March 2014

41,435

NET BOOK VALUE

At 31 March 2014

165,739

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

3,547

At 31 March 2014

3,547

DEPRECIATION

Charge for period

886

At 31 March 2014

886

NET BOOK VALUE

At 31 March 2014

2,661

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

1

OBG Models Limited - Limited company - abbreviated - 11.0.0

OBG Models Limited - Limited company - abbreviated - 11.0.0