REGISTERED NUMBER: 09988095 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2017

for

OBP Abergavenny Limited

Trading as

Obp chartered accountants

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D G Jones

M C Aherne

L Van Emden

G Francis

REGISTERED OFFICE:

7a Nevill Street

Abergavenny

Monmouthshire

NP7 5AA

REGISTERED NUMBER:

09988095 (England and Wales)

FIXED ASSETS

Intangible assets

4

70,000

91,000

Tangible assets

5

237

-

70,237

91,000

CURRENT ASSETS

Debtors

6

44,975

27,498

Cash at bank and in hand

8,338

1,389

53,313

28,887

CREDITORS

Amounts falling due within one year

7

42,368

16,774

NET CURRENT ASSETS

10,945

12,113

TOTAL ASSETS LESS CURRENT LIABILITIES

81,182

103,113

CREDITORS

Amounts falling due after more than one year

8

78,911

102,331

NET ASSETS

2,271

782

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,171

682

2,271

782

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 12 March 2018 and were signed on its behalf by:

D G Jones - Director

1.	STATUTORY INFORMATION

OBP Abergavenny Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any

accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent

that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted

or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2016

and 30 November 2017

105,000

AMORTISATION

At 1 December 2016

14,000

Charge for year

21,000

At 30 November 2017

35,000

NET BOOK VALUE

At 30 November 2017

70,000

At 30 November 2016

91,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

250

At 30 November 2017

250

DEPRECIATION

Charge for year

13

At 30 November 2017

13

NET BOOK VALUE

At 30 November 2017

237

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Trade debtors

39,065

22,153

Other debtors

5,910

5,345

44,975

27,498

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

30.11.16

£

£

Trade creditors

5,970

918

Taxation and social security

35,813

15,856

Other creditors

585

-

42,368

16,774

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.17

30.11.16

£

£

Other creditors

78,911

102,331

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 November 2017 and the period ended

30 November 2016:

30.11.17

30.11.16

£

£

D G Jones

Balance outstanding at start of year

5,345

-

Amounts advanced

33,892

22,032

Amounts repaid

(37,062

)

(16,687

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,175

5,345

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £37,000 (2016 - £12,000) were paid to the directors .

The AOB Group Limited has made a loan to OBP Abergavenny Limited. The balance at 30 November 2017 was

£78,911.18 (2016: 102,331) and is shown in Creditors: Amounts falling due after more than one year.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is L Van Emden.