Oden Services (Uk) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06416684 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2021

for

Oden Services (Uk) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P C Seward

A P South

REGISTERED OFFICE:

Ashbourne House Marsh Lane Trading Estat

Somerset

Templecombe

BA8 0TG

REGISTERED NUMBER:

06416684 (England and Wales)

ACCOUNTANTS:

SO Accounting Limited

Chartered Accountants

2 Harris Close

Frome

Somerset

BA11 5JY

FIXED ASSETS

Tangible assets

4

40,217

30,106

CURRENT ASSETS

Stocks

1,100

11,200

Debtors

5

84,078

44,931

Cash at bank and in hand

193,414

101,870

278,592

158,001

CREDITORS

Amounts falling due within one year

6

101,945

100,162

NET CURRENT ASSETS

176,647

57,839

TOTAL ASSETS LESS CURRENT LIABILITIES

216,864

87,945

CREDITORS

Amounts falling due after more than one year

7

(36,627

)

(46,667

)

PROVISIONS FOR LIABILITIES

(3,985

)

(5,387

)

NET ASSETS

176,252

35,891

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

176,152

35,791

176,252

35,891

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 21 March 2022 and were signed on its behalf by:

P C Seward - Director

A P South - Director

1.	STATUTORY INFORMATION

Oden Services (Uk) 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 5 (2020 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 December 2020

1,950

47,967

5,037

Additions

10,372

-

-

At 30 November 2021

12,322

47,967

5,037

DEPRECIATION

At 1 December 2020

195

30,066

5,037

Charge for year

1,232

4,476

-

At 30 November 2021

1,427

34,542

5,037

NET BOOK VALUE

At 30 November 2021

10,895

13,425

-

At 30 November 2020

1,755

17,901

-

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 December 2020

18,890

-

73,844

Additions

9,995

844

21,211

At 30 November 2021

28,885

844

95,055

DEPRECIATION

At 1 December 2020

8,440

-

43,738

Charge for year

5,111

281

11,100

At 30 November 2021

13,551

281

54,838

NET BOOK VALUE

At 30 November 2021

15,334

563

40,217

At 30 November 2020

10,450

-

30,106

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.21

30.11.20

£

£

Trade debtors

32,271

41,223

Amounts owed by group undertakings

47,542

-

Other debtors

4,265

3,708

84,078

44,931

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.21

30.11.20

£

£

Bank loans and overdrafts

10,046

3,333

Trade creditors

10,126

7,324

Amounts owed to group undertakings

-

53,358

Taxation and social security

73,419

31,215

Other creditors

8,354

4,932

101,945

100,162

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.21

30.11.20

£

£

Bank loans

36,627

46,667

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2021 and 30 November 2020:

30.11.21

30.11.20

£

£

P C Seward

Balance outstanding at start of year

(3,363

)

(4,714

)

Amounts advanced

83

1,351

Amounts repaid

(376

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(3,656

)

(3,363

)

A P South

Balance outstanding at start of year

-

-

Amounts advanced

708

-

Amounts repaid

(812

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(104

)

-

9.	ULTIMATE CONTROLLING PARTY

The controlling party is P C Seward.