Company Registration No. 13149320 (England and Wales)
ODAWO LIMITED
Unaudited accounts
for the year ended 31 January 2024
ODAWO LIMITED
Unaudited accounts
Contents
ODAWO LIMITED
Company Information
for the year ended 31 January 2024
Director
Margaret Atieno Mutula
Company Number
13149320 (England and Wales)
Registered Office
8A DICKENS COURT
GROSVENOR WAY
LONDON
SW17 0GF
ENGLAND
Accountants
PAJ Accountants
10 - 14 Tiller Road
Docklands
London
London
E14 8PX
ODAWO LIMITED
Statement of financial position
as at 31 January 2024
Cash at bank and in hand
3,098
2,011
Creditors: amounts falling due within one year
(814)
(1,063)
Net current assets
2,284
948
Called up share capital
1
1
Profit and loss account
2,283
947
Shareholders' funds
2,284
948
For the year ending 31 January 2024 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 director acknowledges her 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.
The financial statements were approved by the Board and authorised for issue on 13 February 2024 and were signed on its behalf by
Margaret Atieno Mutula
Director
Company Registration No. 13149320
ODAWO LIMITED
Notes to the Accounts
for the year ended 31 January 2024
ODAWO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13149320. The registered office is 8A DICKENS COURT, GROSVENOR WAY, LONDON, SW17 0GF, ENGLAND.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
ODAWO LIMITED
Notes to the Accounts
for the year ended 31 January 2024
4
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
314
563
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).