Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31true2022-04-01falseNo description of principal activity1512falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02795631 2022-04-01 2023-03-31 02795631 2021-04-01 2022-03-31 02795631 2023-03-31 02795631 2022-03-31 02795631 c:CompanySecretary1 2022-04-01 2023-03-31 02795631 c:Director2 2022-04-01 2023-03-31 02795631 c:Director3 2022-04-01 2023-03-31 02795631 c:Director4 2022-04-01 2023-03-31 02795631 c:RegisteredOffice 2022-04-01 2023-03-31 02795631 d:Buildings 2022-04-01 2023-03-31 02795631 d:Buildings 2023-03-31 02795631 d:Buildings 2022-03-31 02795631 d:Buildings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 02795631 d:Buildings d:LongLeaseholdAssets 2022-04-01 2023-03-31 02795631 d:PlantMachinery 2022-04-01 2023-03-31 02795631 d:PlantMachinery 2023-03-31 02795631 d:PlantMachinery 2022-03-31 02795631 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 02795631 d:FurnitureFittings 2022-04-01 2023-03-31 02795631 d:OfficeEquipment 2022-04-01 2023-03-31 02795631 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 02795631 d:CurrentFinancialInstruments 2023-03-31 02795631 d:CurrentFinancialInstruments 2022-03-31 02795631 d:Non-currentFinancialInstruments 2023-03-31 02795631 d:Non-currentFinancialInstruments 2022-03-31 02795631 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02795631 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 02795631 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 02795631 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 02795631 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 02795631 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 02795631 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 02795631 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-03-31 02795631 d:ShareCapital 2023-03-31 02795631 d:ShareCapital 2022-03-31 02795631 d:SharePremium 2023-03-31 02795631 d:SharePremium 2022-03-31 02795631 d:CapitalRedemptionReserve 2023-03-31 02795631 d:CapitalRedemptionReserve 2022-03-31 02795631 d:RetainedEarningsAccumulatedLosses 2023-03-31 02795631 d:RetainedEarningsAccumulatedLosses 2022-03-31 02795631 c:FRS102 2022-04-01 2023-03-31 02795631 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 02795631 c:FullAccounts 2022-04-01 2023-03-31 02795631 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 02795631 d:WithinOneYear 2023-03-31 02795631 d:WithinOneYear 2022-03-31 02795631 d:BetweenOneFiveYears 2023-03-31 02795631 d:BetweenOneFiveYears 2022-03-31 iso4217:GBP xbrli:pure
Company registration number: 02795631







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2023


ODB GROUP LIMITED






































                        

 


ODB GROUP LIMITED
 


 
COMPANY INFORMATION


Directors
R J Read 
D L Ticlo 
A M Terry 




Company secretary
R J Read



Registered number
02795631



Registered office
Elm House
Shackleford Road

Elstead

Godalming

Surrey

GU8 6LB




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


ODB GROUP LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 8


 


ODB GROUP LIMITED
REGISTERED NUMBER:02795631



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
10,581
20,271

Investments
 5 
103
103

  
10,684
20,374

Current assets
  

Stock and work in progress
  
105,258
122,356

Debtors: amounts falling due within one year
 6 
1,178,657
1,475,612

Cash at bank and in hand
  
491,696
971,688

  
1,775,611
2,569,656

Creditors: amounts falling due within one year
 7 
(1,421,818)
(1,720,449)

Net current assets
  
 
 
353,793
 
 
849,207

Total assets less current liabilities
  
364,477
869,581

Creditors: amounts falling due after more than one year
 8 
(133,333)
(164,867)

Provisions for liabilities
  

Deferred tax
  
(829)
(3,262)

  
 
 
(829)
 
 
(3,262)

Net assets
  
230,315
701,452


Capital and reserves
  

Allotted, called up and fully paid share capital
  
6,400
6,400

Share premium account
  
2,266
2,266

Capital redemption reserve
  
3,700
3,700

Profit and loss account
  
217,949
689,086

  
230,315
701,452


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Page 1

 


ODB GROUP LIMITED
REGISTERED NUMBER:02795631


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




D L Ticlo
Director

Date: 4 October 2023

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 


ODB GROUP LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

ODB Group Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office and principle place of business is the same and is disclosed on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Revenue

Revenue is received on designing, building, and furnishing business interiors. Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the lease term.

  
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. 
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.6

Borrowing costs

All borrowing costs are recognised in the Statement of Income and Retained Earnings in the year in which they are incurred.

Page 3

 


ODB GROUP LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 4

 


ODB GROUP LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold improvements
-
20%
on cost
Fixtures and fittings
-
25%
on cost
Equipment
-
25%
on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks and work in progress

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.


3.


Employees

The average monthly number of employees, including directors, during the year was 15 (2022 - 12).

Page 5

 


ODB GROUP LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Land and buildings
Other plant and machinery
Total

£
£
£



Cost or valuation


At 1 April 2022
72,477
69,697
142,174


Disposals
-
(28,781)
(28,781)



At 31 March 2023

72,477
40,916
113,393



Depreciation


At 1 April 2022
66,826
55,077
121,903


Charge for the year
1,255
8,435
9,690


Disposals
-
(28,781)
(28,781)



At 31 March 2023

68,081
34,731
102,812



Net book value



At 31 March 2023
4,396
6,185
10,581



At 31 March 2022
5,651
14,620
20,271


5.


Investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2022
103



At 31 March 2023
103




Page 6

 


ODB GROUP LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Debtors

2023
2022
£
£


Trade debtors
804,966
733,678

Other debtors
308,390
691,225

Prepayments and accrued income
65,301
50,709

1,178,657
1,475,612



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
40,000
32,973

Payments received on account
106,191
58,048

Trade creditors
818,627
738,100

Amounts owed to group undertakings
5,709
9,989

Corporation tax
14,127
96,864

Other taxation and social security
272,898
231,137

Other creditors
131,408
522,367

Accruals and deferred income
32,858
30,971

1,421,818
1,720,449



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
133,333
164,867

133,333
164,867


Page 7

 


ODB GROUP LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
40,000
32,973


40,000
32,973


Amounts falling due 2-5 years

Bank loans
133,333
131,894


133,333
131,894

Amounts falling due after more than 5 years

Bank loans
-
32,973

-
32,973

173,333
197,840



10.


Commitments under operating leases

At 31 March 2023 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
70,397
30,714

Later than 1 year and not later than 5 years
247,862
-

318,259
30,714


11.


Pensions

At the balance sheet date the company had outstanding pension contributions amounting to £6,645 (2022 - £6,805).

 
Page 8