Overseas Direct Investment Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02680919 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022

FOR

OVERSEAS DIRECT INVESTMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D K Tait

C L Tait

SECRETARY:

D K Tait

REGISTERED OFFICE:

Units 1 & 2 South Farm Court

South Farm Road

Budleigh Salterton

Devon

EX9 7AZ

REGISTERED NUMBER:

02680919 (England and Wales)

ACCOUNTANTS:

Neil Beaton & Co.

Janda

The Friary

Old Windsor

Windsor

Berkshire

SL4 2NR

FIXED ASSETS

Tangible assets

4

15,480

Investments

5

100

15,580

CURRENT ASSETS

Stocks

37,000

37,490

Debtors

6

17,331

16,499

Cash at bank

3,018

1,206

57,349

55,195

CREDITORS

Amounts falling due within one year

7

37,601

24,674

NET CURRENT ASSETS

19,748

30,521

TOTAL ASSETS LESS CURRENT
LIABILITIES

35,328

46,101

CREDITORS

Amounts falling due after more than one
year

8

11,815

15,645

NET ASSETS

23,513

30,456

CAPITAL AND RESERVES

Called up share capital

5,000

Retained earnings

18,513

25,456

SHAREHOLDERS' FUNDS

23,513

30,456

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 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 5 April 2023 and were signed on its behalf by:

D K Tait - Director

1.	STATUTORY INFORMATION

Overseas Direct Investment 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.

Plant and machinery etc

-

25% on cost, 20% on cost and 10% on cost

Stocks

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

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.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continues to adopt the going concern basis of accounting in preparing the annual financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2021

and 31 July 2022

93,685

DEPRECIATION

At 1 August 2021

78,121

Charge for year

84

At 31 July 2022

78,205

NET BOOK VALUE

At 31 July 2022

15,480

At 31 July 2021

15,564

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 August 2021

and 31 July 2022

100

NET BOOK VALUE

At 31 July 2022

100

At 31 July 2021

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.22

31.7.21

£

Trade debtors

14,408

14,203

Other debtors

2,923

2,296

17,331

16,499

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.22

31.7.21

£

Bank loans and overdrafts

4,000

Trade creditors

29,617

16,853

Amounts owed to associated company

100

Taxation and social security

1,374

1,076

Other creditors

2,510

2,645

37,601

24,674

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.7.22

31.7.21

£

Bank loans

11,815

15,645

Overseas Direct Investment Limited - Accounts to registrar (filleted) - small 22.3

Overseas Direct Investment Limited - Accounts to registrar (filleted) - small 22.3