OBI HOME IMPROVEMENTS LIMITED


2020-12-012021-11-302021-11-30false08302962OBI HOME IMPROVEMENTS 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OBI HOME IMPROVEMENTS LIMITED

Registered Number
08302962
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2021

OBI HOME IMPROVEMENTS LIMITED
Company Information
for the year from 1 December 2020 to 30 November 2021

Directors

LEY, Gareth David Lewis Tobias

Registered Address

7 Mason Drive
Hednesford
Cannock
WS12 4GL

Registered Number

08302962 (England and Wales)
OBI HOME IMPROVEMENTS LIMITED
Balance Sheet as at
30 November 2021

Notes

2021

2020

£

£

£

£

Fixed assets
Tangible assets622,49021,068
22,49021,068
Current assets
Debtors3,034-
Cash at bank and on hand4,1071,627
7,1411,627
Creditors amounts falling due within one year(112,386)(124,249)
Net current assets (liabilities)(105,245)(122,622)
Total assets less current liabilities(82,755)(101,554)
Creditors amounts falling due after one year(23,305)(25,000)
Net assets(106,060)(126,554)
Capital and reserves
Called up share capital100100
Profit and loss account(106,160)(126,654)
Shareholders' funds(106,060)(126,554)
  • The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 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 and loss account.
  • The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved and authorised for issue by the Director on 12 October 2022, and are signed on its behalf by:
LEY, Gareth David Lewis Tobias
Director
Registered Company No. 08302962
OBI HOME IMPROVEMENTS LIMITED
Notes to the Financial Statements
for the year ended 30 November 2021

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The company's principal activity during the year continued to be home improvements.
4.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
5.Employee information

20212020
Average number of employees during the year11
6.Property, plant and equipment

Total

£
Cost or valuation
At 01 December 2024,991
Additions6,760
At 30 November 2131,751
Depreciation and impairment
At 01 December 203,923
Charge for year5,338
At 30 November 219,261
Net book value
At 30 November 2122,490
At 30 November 2021,068