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31/03/2022
2022-03-31
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No description of principal activities is disclosed
2021-04-01
Sage Accounts Production 21.0 - FRS102_2021
xbrli:pure
xbrli:shares
iso4217:GBP
05501845
2021-04-01
2022-03-31
05501845
2022-03-31
05501845
2021-03-31
05501845
2021-03-31
05501845
core:PlantMachinery
2021-04-01
2022-03-31
05501845
core:FurnitureFittingsToolsEquipment
2021-04-01
2022-03-31
05501845
core:MotorVehicles
2021-04-01
2022-03-31
05501845
bus:OrdinaryShareClass1
2021-04-01
2022-03-31
05501845
bus:Director1
2021-04-01
2022-03-31
05501845
core:PlantMachinery
2021-03-31
05501845
core:FurnitureFittingsToolsEquipment
2021-03-31
05501845
core:PlantMachinery
2022-03-31
05501845
core:FurnitureFittingsToolsEquipment
2022-03-31
05501845
core:MotorVehicles
2022-03-31
05501845
core:WithinOneYear
2022-03-31
05501845
core:WithinOneYear
2021-03-31
05501845
core:AfterOneYear
2022-03-31
05501845
core:AfterOneYear
2021-03-31
05501845
core:ShareCapital
2022-03-31
05501845
core:ShareCapital
2021-03-31
05501845
core:RetainedEarningsAccumulatedLosses
2022-03-31
05501845
core:RetainedEarningsAccumulatedLosses
2021-03-31
05501845
bus:OrdinaryShareClass1
core:ShareCapital
2022-03-31
05501845
bus:OrdinaryShareClass1
core:ShareCapital
2021-03-31
05501845
core:PlantMachinery
2021-03-31
05501845
core:FurnitureFittingsToolsEquipment
2021-03-31
05501845
bus:Director1
2021-03-31
05501845
bus:Director1
2022-03-31
05501845
bus:Director1
2020-03-31
05501845
bus:Director1
2021-03-31
05501845
bus:Director1
2020-04-01
2021-03-31
05501845
bus:SmallEntities
2021-04-01
2022-03-31
05501845
bus:AuditExemptWithAccountantsReport
2021-04-01
2022-03-31
05501845
bus:FullAccounts
2021-04-01
2022-03-31
05501845
bus:SmallCompaniesRegimeForAccounts
2021-04-01
2022-03-31
05501845
bus:PrivateLimitedCompanyLtd
2021-04-01
2022-03-31
Company registration number:
05501845
The Oddjobs Company (South East) Limited
Unaudited filleted financial statements
31 March 2022
The Oddjobs Company (South East) Limited
Contents
Statement of financial position
Notes to the financial statements
The Oddjobs Company (South East) Limited
Statement of financial position
31 March 2022
|
|
|
2022 |
|
|
|
2021 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Tangible assets |
|
3 |
32,379 |
|
|
|
2,468 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
32,379 |
|
|
|
2,468 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Stocks |
|
|
2,500 |
|
|
|
2,500 |
|
|
Debtors |
|
4 |
67,421 |
|
|
|
85,947 |
|
|
Cash at bank and in hand |
|
|
31,074 |
|
|
|
34,489 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
100,995 |
|
|
|
122,936 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
5 |
(
94,175) |
|
|
|
(
91,431) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
|
|
|
|
6,820 |
|
|
|
31,505 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
39,199 |
|
|
|
33,973 |
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
|
6 |
|
|
(
23,414) |
|
|
|
(
29,477) |
|
|
|
|
|
|
|
|
|
|
Provisions for liabilities |
|
|
|
|
(
6,152) |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
9,633 |
|
|
|
4,496 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
7 |
|
|
100 |
|
|
|
100 |
Profit and loss account |
|
|
|
|
9,533 |
|
|
|
4,396 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders funds |
|
|
|
|
9,633 |
|
|
|
4,496 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 31 March 2022 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 of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
12 August 2022
, and are signed on behalf of the board by:
Mr Mark Warrington
Director
Company registration number:
05501845
The Oddjobs Company (South East) Limited
Notes to the financial statements
Year ended 31 March 2022
1.
General information
The Oddjobs Company (South East) Limited (Company number
05501845
) is a private company limited by shares, registered in England and Wales. The address of the registered office is 11 Albion Place, Maidstone, Kent, ME14 5DY.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Plant and machinery |
- |
25 % |
reducing balance |
|
Fittings fixtures and equipment |
- |
25 % |
reducing balance |
|
Motor vehicles |
- |
25 % |
reducing balance |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
2.
Employee numbers
The average number of persons employed by the company, including directors, during the year amounted to 7 (2021: 7).
3.
Tangible assets
|
|
Plant and machinery |
Fixtures, fittings and equipment |
Motor vehicles |
Total |
|
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 April 2021 |
11,822 |
2,495 |
- |
14,317 |
|
|
|
|
Additions |
11,495 |
989 |
24,990 |
37,474 |
|
|
|
|
Disposals |
(
7,456) |
(
2,495) |
- |
(
9,951) |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 31 March 2022 |
15,861 |
989 |
24,990 |
41,840 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 April 2021 |
10,165 |
1,684 |
- |
11,849 |
|
|
|
|
Charge for the year |
1,924 |
- |
4,165 |
6,089 |
|
|
|
|
Disposals |
(
6,793) |
(
1,684) |
- |
(
8,477) |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 31 March 2022 |
5,296 |
- |
4,165 |
9,461 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 March 2022 |
10,565 |
989 |
20,825 |
32,379 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 31 March 2021 |
1,657 |
811 |
- |
2,468 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
4.
Debtors
|
|
|
2022 |
2021 |
|
|
|
£ |
£ |
|
Trade debtors |
|
48,679 |
29,016 |
|
Other debtors |
|
18,742 |
56,931 |
|
|
|
_______ |
_______ |
|
|
|
67,421 |
85,947 |
|
|
|
_______ |
_______ |
|
|
|
|
|
5.
Creditors: amounts falling due within one year
|
|
|
2022 |
2021 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
10,212 |
5,523 |
|
Trade creditors |
|
44,584 |
49,179 |
|
Corporation tax |
|
- |
15,407 |
|
Social security and other taxes |
|
4,713 |
19,895 |
|
Other creditors |
|
34,666 |
1,427 |
|
|
|
_______ |
_______ |
|
|
|
94,175 |
91,431 |
|
|
|
_______ |
_______ |
|
|
|
|
|
Within other creditors due within and after one year, are net obligations under hire purchase contracts. These amounts are secured on the assets to which they relate.
6.
Creditors: amounts falling due after more than one year
|
|
|
2022 |
2021 |
|
|
|
£ |
£ |
|
Other creditors |
|
23,414 |
29,477 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Called up share capital
Issued, called up and fully paid
|
|
|
2022 |
|
|
|
2021 |
|
|
|
|
|
No |
|
£ |
|
No |
|
£ |
|
Ordinary shares of £
1.00 each |
|
100 |
|
100 |
|
100 |
|
100 |
|
|
|
_______ |
|
_______ |
|
_______ |
|
_______ |
|
|
|
|
|
|
|
|
|
|
8.
Directors advances, credits and guarantees
|
During the year the directors entered into the following advances and credits with the company: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2022 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the directors |
Amounts repaid |
Balance o/standing |
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
Mr Mark Warrington |
17,772 |
47,248 |
(
78,989) |
(
13,969) |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
2021 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the directors |
Amounts repaid |
Balance o/standing |
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
Mr Mark Warrington |
(
20,969) |
162,039 |
(
123,298) |
17,772 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|