Open Data Services Co-operative Ltd

Contents
	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—7

Registered number: 09506232

		31 March 2017		Period to 31 March 2016
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	6		5,093		765

			5,093		765
CURRENT ASSETS
Debtors	7	63,201		9,621
Cash at bank and in hand		189,544		53,468

		252,745		63,089
Creditors: Amounts Falling Due Within One Year	8	(64,658 )		(23,529 )

NET CURRENT ASSETS (LIABILITIES)			188,087		39,560

TOTAL ASSETS LESS CURRENT LIABILITIES			193,180		40,325

PROVISIONS FOR LIABILITIES
Deferred Taxation	9		(1,019 )		(153 )

NET ASSETS			192,161		40,172

CAPITAL AND RESERVES
Called up share capital	10		11		6
Profit and loss account			192,150		40,166

SHAREHOLDERS' FUNDS			192,161		40,172

Page 1

Balance Sheet (continued)

As at 31 March 2017

For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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.

On behalf of the board

Mr Steven Flower

22/08/2017

	Share Capital	Profit & Loss Account	Total
	£	£	£
Profit for the period and total comprehensive income	-	41,571	41,571

Dividends paid	-	(1,405)	(1,405)
Arising on shares issued during the period	6	-	6

As at 31 March 2016 and 1 April 2016	6	40,166	40,172


Profit for the year and total comprehensive income	-	151,984	151,984

As at 31 March 2017	11	192,150	192,161

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

1.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% straight line
Fixtures & Fittings	25% straight line
Computer Equipment	25% straight line

1.4. Deferred Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

1.5. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.

3. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	31 March 2017	Period to 31 March 2016
	£	£
Wages and salaries	299,954	143,060
Social security costs	27,917	11,709
Other pension costs	6,435	1,665

	334,306	156,434

Page 4

Open Data Services Co-operative Ltd

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 March 2017

4. Average number of employees

Average number of employees, including directors, during the year was as follows:

	31 March 2017	Period to 31 March 2016
Office and administration	11	7

	11	7

6. Tangible Assets


	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2016	-	1,020	-	1,020
Additions	2,000	1,395	2,121	5,516

As at 31 March 2017	2,000	2,415	2,121	6,536

Depreciation
As at 1 April 2016	-	255	-	255
Provided during the period	400	497	291	1,188

As at 31 March 2017	400	752	291	1,443

Net Book Value
As at 31 March 2017	1,600	1,663	1,830	5,093

As at 1 April 2016	-	765	-	765

7. Debtors

	31 March 2017	Period to 31 March 2016
	£	£
Due within one year
Trade debtors	36,742	-
Amounts recoverable on contracts	7,603	9,209
Prepayments and accrued income	18,856	406
Called up share capital not paid	-	6

	63,201	9,621

Page 5

Open Data Services Co-operative Ltd

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 March 2017

8. Creditors: Amounts Falling Due Within One Year

	31 March 2017	Period to 31 March 2016
	£	£
Trade creditors	407	323
Corporation tax	37,181	10,272
Other taxes and social security	17,809	7,957
VAT	8,181	3,254
Other creditors	780	860
Accruals and deferred income	300	344
Directors' loan accounts	-	519

	64,658	23,529

9. Deferred Taxation

	31 March 2017	Period to 31 March 2016
	£	£
As at 1 April 2016	153	-
Deferred taxation	866	153


Deferred tax	1,019	153

The provision for deferred taxation is made up of accelerated capital allowances

10. Share Capital

	Value	Number	31 March 2017	Period to 31 March 2016
Allotted and called up	£		£	£
Ordinary shares	1.000	11	11	6

11. Transactions With and Loans to Directors

During the year the following dividends were paid to the company directors:

	31 March 2017	Period to 31 March 2016
	£	£
Mr Timothy Davies	-	234
Mr David Carpenter	-	234
Mr Steven Flower	-	234

...CONTINUED

Page 6

Open Data Services Co-operative Ltd

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 March 2017

Mr David Raznick	-	234
Mr David Spencer	-	234
Mr Benjamin Webb	-	234

12. Dividends

	31 March 2017	Period to 31 March 2016
	£	£
On equity shares:
Final dividend paid	-	1,405

	-	1,405

13. Related Party Transactions

Included in directors' loan accounts are the amounts of £Nil (2016 - £461 owed to Mr Tim Davies, £48 to Mr Benjamin Webb and £10 to Mr Steven Flower, directors and shareholders of the company).

14. General Information

Open Data Services Co-operative Ltd Registered number 09506232 is a limited by shares company incorporated in England & Wales. The Registered Office is 32 Church Road, Hove, East Sussex, BN3 2FN.