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REGISTERED NUMBER: 05295659 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Odiham Hardware Limited

Odiham Hardware Limited (Registered number: 05295659)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Odiham Hardware Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mrs K Ball





SECRETARY: V Ball





REGISTERED OFFICE: Unit C
Fountains Mall
High Street
Odiham
Hampshire
RG29 1LP





REGISTERED NUMBER: 05295659 (England and Wales)





ACCOUNTANTS: Sumner & Moore Limited
The Studio
2 Borelli Yard
Farnham
Surrey
GU9 7NU

Odiham Hardware Limited (Registered number: 05295659)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,964 8,945
Tangible assets 5 8 282
5,972 9,227

CURRENT ASSETS
Stocks 6 10,000 17,500
Debtors 7 3,738 181
Cash at bank and in hand 5,632 7,776
19,370 25,457
CREDITORS
Amounts falling due within one year 8 20,798 28,555
NET CURRENT LIABILITIES (1,428 ) (3,098 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,544

6,129

PROVISIONS FOR LIABILITIES 53 53
NET ASSETS 4,491 6,076

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 4,490 6,075
SHAREHOLDERS' FUNDS 4,491 6,076

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

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

The director acknowledges her 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.

Odiham Hardware Limited (Registered number: 05295659)

Balance Sheet - continued
31 March 2023


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 19 December 2023 and were signed by:





Mrs K Ball - Director


Odiham Hardware Limited (Registered number: 05295659)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Odiham Hardware 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 is being amortised evenly over its estimated useful life of 10 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.

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.

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

Odiham Hardware Limited (Registered number: 05295659)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 47,412
AMORTISATION
At 1 April 2022 38,467
Amortisation for year 2,981
At 31 March 2023 41,448
NET BOOK VALUE
At 31 March 2023 5,964
At 31 March 2022 8,945

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 7,484
DEPRECIATION
At 1 April 2022 7,202
Charge for year 274
At 31 March 2023 7,476
NET BOOK VALUE
At 31 March 2023 8
At 31 March 2022 282

6. STOCKS
31.3.23 31.3.22
£    £   
Stocks 10,000 17,500

Odiham Hardware Limited (Registered number: 05295659)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 2,000 -
Prepayments 1,738 181
3,738 181

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 799 801
Tax - 2,262
VAT 850 1,373
Other creditors 13,000 -
Directors' current accounts 4,319 22,319
Accrued expenses 1,830 1,800
20,798 28,555

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1 Ordinary Shares £1 1 1