ODB Network Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08092371 (England and Wales)

ODB Network Ltd

Unaudited Financial Statements

for the Year Ended 30 June 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T Mouat

Miss K Bentley

REGISTERED OFFICE:

Westland House

Westland Road

Faringdon

United Kingdom

SN7 7EY

REGISTERED NUMBER:

08092371 (England and Wales)

ACCOUNTANTS:

AMS Accountancy Limited

Delta 606

Welton Road

Delta Office Park

Swindon

Wiltshire

SN5 7XF

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

569

1,171

569

1,171

CURRENT ASSETS

Debtors

6

2,136

2,215

Cash at bank

4,803

5,869

6,939

8,084

CREDITORS

Amounts falling due within one year

7

(32,283

)

(35,145

)

NET CURRENT LIABILITIES

(25,344

)

(27,061

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(24,775

)

(25,890

)

CAPITAL AND RESERVES

Called up share capital

8

3

3

Retained earnings

(24,778

)

(25,893

)

SHAREHOLDERS' FUNDS

(24,775

)

(25,890

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 14 March 2019 and were signed on its behalf by:

Mr T Mouat - Director

Miss K Bentley - Director

1.	STATUTORY INFORMATION

ODB Network Ltd 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 2012, 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.

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2017

and 30 June 2018

5,000

AMORTISATION

At 1 July 2017

and 30 June 2018

5,000

NET BOOK VALUE

At 30 June 2018

-

At 30 June 2017

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 July 2017

and 30 June 2018

153

3,386

3,539

DEPRECIATION

At 1 July 2017

53

2,315

2,368

Charge for year

31

571

602

At 30 June 2018

84

2,886

2,970

NET BOOK VALUE

At 30 June 2018

69

500

569

At 30 June 2017

100

1,071

1,171

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

2,133

2,212

Other debtors

3

3

2,136

2,215

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Taxation and social security

-

2,573

Other creditors

32,283

32,572

32,283

35,145

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

3

Ordinary

1

3

3