Company Registration No. 07214690 (England and Wales)
Odin Events Limited
Unaudited accounts
for the year ended 29 April 2018
Odin Events Limited
Unaudited accounts
Contents
Odin Events Limited
Company Information
for the year ended 29 April 2018
Directors
Shane Reed
Bethyn Barrass
Company Number
07214690 (England and Wales)
Registered Office
First Floor
231 - 233 Marine Road Central
Morecambe
LA4 4BQ
United Kingdom
Accountants
Blend Accountants
231-233 Marine Road Central
Morecambe
Lancashire
LA4 4BQ
Odin Events Limited
Statement of financial position
as at 29 April 2018
Tangible assets
272,990
250,192
Cash at bank and in hand
16
84
Creditors: amounts falling due within one year
(171,988)
(179,580)
Net current liabilities
(17,416)
(97,477)
Total assets less current liabilities
255,574
152,715
Creditors: amounts falling due after more than one year
(179,840)
(150,870)
Called up share capital
1,000
1,000
Profit and loss account
74,734
845
Shareholders' funds
75,734
1,845
For the year ending 29 April 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 22 January 2019.
Shane Reed
Director
Company Registration No. 07214690
Odin Events Limited
Notes to the Accounts
for the year ended 29 April 2018
Odin Events Limited is a private company, limited by shares, registered in England and Wales, registration number 07214690. The registered office is First Floor, 231 - 233 Marine Road Central, Morecambe, LA4 4BQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
15% Reducing balance
Computer equipment
40% Reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 30 April 2017
294,034
95,011
4,417
6,045
399,507
Additions
94,107
34,921
752
574
130,354
Disposals
-
(16,675)
-
-
(16,675)
At 29 April 2018
388,141
113,257
5,169
6,619
513,186
At 30 April 2017
94,378
47,765
2,052
5,120
149,315
Charge for the year
73,441
16,373
467
600
90,881
At 29 April 2018
167,819
64,138
2,519
5,720
240,196
At 29 April 2018
220,322
49,119
2,650
899
272,990
At 29 April 2017
199,656
47,246
2,365
925
250,192
Odin Events Limited
Notes to the Accounts
for the year ended 29 April 2018
Trade debtors
123,236
82,019
Amounts due from group undertakings etc.
31,320
-
6
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
74,771
63,347
Obligations under finance leases and hire purchase contracts
16,275
12,210
Taxes and social security
30,456
17,352
Loans from directors
44,111
84,991
7
Creditors: amounts falling due after more than one year
2018
2017
Bank loans
163,582
135,145
Obligations under finance leases and hire purchase contracts
16,258
15,725
8
Average number of employees
During the year the average number of employees was 11 (2017: 9).