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Registered number: 09506232
Open Data Services Co-operative Limited (formerly known as Open Data Services Limited)
Abbreviated accounts
For the Period 24 March 2015 to 31 March 2016
Nimbus Accounting Limited

Chartered Accountants

32 Church Road
Hove
East Sussex
BN3 2FN
Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Open Data Services Co-operative Limited (formerly known as Open Data Services Limited) For the Period 24 March 2015 to 31 March 2016
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Open Data Services Co-operative Limited (formerly known as Open Data Services Limited) For the Period 24 March 2015 to 31 March 2016 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made to solely to the directors of Open Data Services Co-operative Limited (formerly known as Open Data Services Limited) , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Open Data Services Co-operative Limited (formerly known as Open Data Services Limited) and state those matters that we have agreed to state to the directors of Open Data Services Co-operative Limited (formerly known as Open Data Services Limited) , as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Open Data Services Co-operative Limited (formerly known as Open Data Services Limited) and its directors, as a body, for our work or for this report.
It is your duty to ensure that Open Data Services Co-operative Limited (formerly known as Open Data Services Limited) has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Open Data Services Co-operative Limited (formerly known as Open Data Services Limited) . You consider that Open Data Services Co-operative Limited (formerly known as Open Data Services Limited) is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit of the accounts of Open Data Services Co-operative Limited (formerly known as Open Data Services Limited) . 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 financial statements.
Nimbus Accounting Limited
28/06/2016
Nimbus Accounting Limited
Chartered Accountants
32 Church Road
Hove
East Sussex
BN3 2FN
Page 1
Abbreviated Balance Sheet
Period to 31 March 2016
Notes £ £
FIXED ASSETS
Tangible Assets 2 765
765
CURRENT ASSETS
Debtors 9,621
Cash at bank and in hand 53,468
63,089
Creditors: Amounts Falling Due Within One Year (23,529)
NET CURRENT ASSETS (LIABILITIES) 39,560
TOTAL ASSETS LESS CURRENT LIABILITIES 40,325
NET ASSETS 40,325
CAPITAL AND RESERVES
Called up share capital 3 6
Profit and Loss Account 40,319
SHAREHOLDERS' FUNDS 40,325
Page 2
For the period ending 31 March 2016 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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).
On behalf of the board
Mr Steven Flower
28/06/2016
Page 3
Notes to the Abbreviated Accounts
Accounting Policies
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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:
Fixtures & Fittings 25% straight line
Tangible Assets
Total
Cost £
As at 24 March 2015 -
Additions 1,020
As at 31 March 2016 1,020
Depreciation
As at 24 March 2015 -
Provided during the period 255
As at 31 March 2016 255
Net Book Value
As at 31 March 2016 765
As at 24 March 2015 -
Page 4
Share Capital
Value Number Period to 31 March 2016
Allotted and called up £ £
Ordinary shares 1.000 6 6
Nominal value Number Amount
Shares issued during the period: £ £
Ordinary shares 1.000 6 6
Transactions With and Loans to Directors
During the year the following dividends were paid to the company directors:
Period to 31 March 2016
£
Mr Timothy Davies 234
Mr David Carpenter 234
Mr Steven Flower 234
Mr David Raznick 234
Mr David Spencer 234
Mr Benjamin Webb 234
Page 5