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REGISTERED NUMBER: 03022672 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ODYSSEY (CONCESSIONS) LIMITED

ODYSSEY (CONCESSIONS) LIMITED (REGISTERED NUMBER: 03022672)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ODYSSEY (CONCESSIONS) LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTOR: D Eden





SECRETARY: Mrs M J Eden





REGISTERED OFFICE: Unit 2 Whitehall Properties
Towngate
Wyke
Bradford
West Yorkshire
BD12 9JQ





REGISTERED NUMBER: 03022672 (England and Wales)





ACCOUNTANTS: BP & Co Chartered Accountants
Enterprise House
2 Pass Street
Oldham
Lancashire
OL9 6HZ

ODYSSEY (CONCESSIONS) LIMITED (REGISTERED NUMBER: 03022672)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,921 4,895
4,921 4,895

CURRENT ASSETS
Stocks 220,683 196,897
Debtors 6 44,762 38,246
Cash at bank - 17,717
265,445 252,860
CREDITORS
Amounts falling due within one year 7 (126,977 ) (152,733 )
NET CURRENT ASSETS 138,468 100,127
TOTAL ASSETS LESS CURRENT
LIABILITIES

143,389

105,022

CREDITORS
Amounts falling due after more than one
year

8

(20,256

)

(29,844

)

PROVISIONS FOR LIABILITIES (930 ) (930 )
NET ASSETS 122,203 74,248

ODYSSEY (CONCESSIONS) LIMITED (REGISTERED NUMBER: 03022672)

BALANCE SHEET - continued
31 December 2023

2023 2022
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 122,200 74,245
SHAREHOLDERS' FUNDS 122,203 74,248

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 March 2024 and were signed by:





D Eden - Director


ODYSSEY (CONCESSIONS) LIMITED (REGISTERED NUMBER: 03022672)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Odyssey (Concessions) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of six years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


ODYSSEY (CONCESSIONS) LIMITED (REGISTERED NUMBER: 03022672)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 6,800
AMORTISATION
At 1 January 2023
and 31 December 2023 6,800
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

ODYSSEY (CONCESSIONS) LIMITED (REGISTERED NUMBER: 03022672)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 14,516 15,101 1,546 31,163
Additions 1,131 - - 1,131
At 31 December 2023 15,647 15,101 1,546 32,294
DEPRECIATION
At 1 January 2023 11,640 13,085 1,543 26,268
Charge for year 601 504 - 1,105
At 31 December 2023 12,241 13,589 1,543 27,373
NET BOOK VALUE
At 31 December 2023 3,406 1,512 3 4,921
At 31 December 2022 2,876 2,016 3 4,895

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1 January 2023
and 31 December 2023 15,100
DEPRECIATION
At 1 January 2023
and 31 December 2023 11,517
NET BOOK VALUE
At 31 December 2023 3,583
At 31 December 2022 3,583

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 39,387 33,925
Other debtors 5,375 4,321
44,762 38,246

ODYSSEY (CONCESSIONS) LIMITED (REGISTERED NUMBER: 03022672)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 11,593 10,649
Trade creditors 84,277 70,515
Taxation and social security 23,042 28,152
Other creditors 8,065 43,417
126,977 152,733

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 9) 20,256 29,844

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 944 -
Bank loans 10,649 10,649
11,593 10,649

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,648 10,648

Amounts falling due between two and five years:
Bank loans - 2-5 years 9,608 19,196

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft 944 -

The overdraft is secured by a debenture on the company's assets.