ODB Network Ltd - Accounts to registrar - small 16.3d

REGISTERED NUMBER: 08092371 (England and Wales)

ODB Network Ltd

Unaudited Financial Statements

for the Year Ended 30 June 2016

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DIRECTORS:

T Mouat

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

918

1,921

Tangible assets

5

2,051

2,886

2,969

4,807

CURRENT ASSETS

Debtors

6

2,900

2,458

Cash at bank

4,451

7,133

7,351

9,591

CREDITORS

Amounts falling due within one year

7

(30,407

)

(20,467

)

NET CURRENT LIABILITIES

(23,056

)

(10,876

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(20,087

)

(6,069

)

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

(20,090

)

(6,072

)

SHAREHOLDERS' FUNDS

(20,087

)

(6,069

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 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 21 March 2017 and were signed on its behalf by:

T Mouat - 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.

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

-

20% on cost

Deferred tax

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

sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2015

and 30 June 2016

5,000

AMORTISATION

At 1 July 2015

3,079

Charge for year

1,003

At 30 June 2016

4,082

NET BOOK VALUE

At 30 June 2016

918

At 30 June 2015

1,921

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2015

4,514

Additions

153

Disposals

(129

)

At 30 June 2016

4,538

DEPRECIATION

At 1 July 2015

1,628

Charge for year

902

Eliminated on disposal

(43

)

At 30 June 2016

2,487

NET BOOK VALUE

At 30 June 2016

2,051

At 30 June 2015

2,886

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

2,897

2,099

Other debtors

3

359

2,900

2,458

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Taxation and social security

371

(245

)

Other creditors

30,036

20,712

30,407

20,467

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of ODB Network Ltd for the year ended 30 June 2016 which comprise the Income Statement,

Balance Sheet and the related notes from the company's accounting records and from information and explanations you

have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of ODB Network Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of ODB Network Ltd and state those matters that we have agreed to state to the Board of Directors of ODB Network Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ODB Network Ltd Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that ODB Network Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of ODB Network Ltd. You consider that ODB Network Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of ODB Network Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

AMS Accountancy Limited

Delta 606

Welton Road

Delta Office Park

Swindon

Wiltshire

SN5 7XF

21 March 2017