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Company Registration No. 11744874 (England and Wales)
Odin Networks Ltd Unaudited accounts for the year ended 31 March 2023
Odin Networks Ltd Unaudited accounts Contents
Page
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Odin Networks Ltd Company Information for the year ended 31 March 2023
Directors
Mr Paul Ballentyne Mr Steven Hollinshead
Company Number
11744874 (England and Wales)
Registered Office
Cheadle Place Stockport Road Stockport Cheshire SK8 2JW United Kingdom
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Odin Networks Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,773 
14,958 
Current assets
Cash at bank and in hand
5,588 
9,548 
Creditors: amounts falling due within one year
(12,750)
(24,404)
Net current liabilities
(7,162)
(14,856)
Net assets
4,611 
102 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
4,511 
2 
Shareholders' funds
4,611 
102 
For the year ending 31 March 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 22 December 2023 and were signed on its behalf by
Mr Paul Ballentyne Director Company Registration No. 11744874
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Odin Networks Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Odin Networks Ltd is a private company, limited by shares, registered in England and Wales, registration number 11744874. The registered office is Cheadle Place, Stockport Road, Stockport, Cheshire, SK8 2JW, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
16,309 
8,889 
25,198 
At 31 March 2023
16,309 
8,889 
25,198 
Depreciation
At 1 April 2022
7,441 
2,799 
10,240 
Charge for the year
1,663 
1,522 
3,185 
At 31 March 2023
9,104 
4,321 
13,425 
Net book value
At 31 March 2023
7,205 
4,568 
11,773 
At 31 March 2022
8,868 
6,090 
14,958 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
7,753 
15,584 
VAT
1,890 
3,863 
Taxes and social security
1,805 
4,957 
Loans from directors
1,302 
- 
12,750 
24,404 
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Odin Networks Ltd Notes to the Accounts for the year ended 31 March 2023
6
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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