This paper describes the development of an open source Learning Object Repository (LOR), named eNOSHA (eLearning Neutral Object Storage with a Holistic Approach.), at University of Colombo School of Computing (UCSC), Sri Lanka. The e-Learning Centre (eLC) at UCSC has been developing learning content for a nationwide e-Learning Bachelor of Information Technology degree (eBIT) and a preparatory programme for the eBIT program (The Foundation in Information Technology, FIT). Since eBIT started in 2002, a lot of learning content has been developed in-house and there was a need for a repository to support storing and reusing of learning content. The aim of the paper is to present the development of eNOSHA in regards to three key concepts, flexibility, reusability and user-friendliness. Based on a requirement analysis carried out in December 2008, a plan was drafted for the development and implementation of the system. A participatory approach was used where users have been involved in the design, evaluation and implementation. Based on the testing of the system we gained a positive response regarding the searchability and reuse of content. Tests have, however, shown that additional features are needed to be implemented to improve the usability of the system, Even though the system has been developed based on the needs of UCSC, one of the objectives has always been to make it context independent. Internal tests conclude that the system is flexible enough to work in different contexts but the design may need some minor changes once tested in other organizations or cultures.