OBG MODELS LIMITED

OBG MODELS LIMITED

OBG MODELS LIMITED - Company Information

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OBG MODELS LIMITED

Company Registration Number:
08406281 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2018

Period of accounts

Start date: 01 April 2017

End date: 31 March 2018

OBG MODELS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2018

Balance sheet
Notes

OBG MODELS LIMITED

Balance sheet

As at 31 March 2018


Notes
2018
2017


£
£
Fixed assets
Intangible assets: 3 0 41,434
Tangible assets: 4 1,123 1,498
Total fixed assets: 1,123 42,932
Current assets
Debtors:   42,548 15,059
Cash at bank and in hand: 137 23,794
Total current assets: 42,685 38,853
Creditors: amounts falling due within one year: 5 (18,935) (19,172)
Net current assets (liabilities): 23,750 19,681
Total assets less current liabilities: 24,873 62,613
Total net assets (liabilities): 24,873 62,613
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 24,872 62,612
Shareholders funds: 24,873 62,613

The notes form part of these financial statements

OBG MODELS LIMITED

Balance sheet statements

For the year ending 31 March 2018 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 03 December 2018
and signed on behalf of the board by:

Name: Olivia Bernardine Garson
Status: Director

The notes form part of these financial statements

OBG MODELS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Tangible fixed assets and depreciation policy

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life: Furniture,fittingsandequipment 25%Reducingbalance

Intangible fixed assets and amortisation policy

Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.

OBG MODELS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

2. Employees

2018 2017
Average number of employees during the period 1 1

OBG MODELS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

3. Intangible Assets

Total
Cost £
At 01 April 2017 207,174
At 31 March 2018 207,174
Amortisation
At 01 April 2017 165,740
Charge for year 41,434
At 31 March 2018 207,174
Net book value
At 31 March 2018 0
At 31 March 2017 41,434

OBG MODELS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

4. Tangible Assets

Total
Cost £
At 01 April 2017 4,439
At 31 March 2018 4,439
Depreciation
At 01 April 2017 2,941
Charge for year 375
At 31 March 2018 3,316
Net book value
At 31 March 2018 1,123
At 31 March 2017 1,498

OBG MODELS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

5. Creditors: amounts falling due within one year note

Corporation tax £14,130Other taxes and social security £2,805Accruals and deferred income £2,000

OBG MODELS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

6. Loans to directors

Name of director receiving advance or credit: O.B. Garson
Description of the loan: Directors' current account
£
Balance at 01 April 2017 51
Advances or credits made: 39,815
Advances or credits repaid: 0
Balance at 31 March 2018 39,866

OBG MODELS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

7. Related party transactions

Name of the related party: O.B. Garson
Relationship:
Director
Description of the Transaction: Amount due from related party £39,866
£
Balance at 01 April 2017 51
Balance at 31 March 2018 39,866