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Registered number: 08456561
O'Dwyer Direct Search Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Modus Accountants Ltd
Unit 1c Church Green
Witney
OX28 4YR
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 08456561
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 136 205
136 205
CURRENT ASSETS
Cash at bank and in hand 20,523 14,043
20,523 14,043
Creditors: Amounts Falling Due Within One Year 6 (43,139 ) (42,820 )
NET CURRENT ASSETS (LIABILITIES) (22,616 ) (28,777 )
TOTAL ASSETS LESS CURRENT LIABILITIES (22,480 ) (28,572 )
NET LIABILITIES (22,480 ) (28,572 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Income Statement (22,481 ) (28,573 )
SHAREHOLDERS' FUNDS (22,480) (28,572)
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr John William O'Dwyer
Director
30 April 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
O'Dwyer Direct Search Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08456561 . The registered office is Unit 1c Eagle Industrial Estate, Church Green, Witney, Oxfordshire, OX28 4YR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Amortisation has been provided to write off the assets over their estimated useful lives.
2.4. Tangible Fixed Assets and Depreciation
Depreciation has been provided to write off the assets over their estimated useful lives.
Fixtures & Fittings 25% Straight Line
Computer Equipment 25% Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Intangible Assets
Other
£
Cost
As at 1 April 2023 23,000
As at 31 March 2024 23,000
Amortisation
As at 1 April 2023 23,000
As at 31 March 2024 23,000
Page 3
Page 4
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 93 630 723
As at 31 March 2024 93 630 723
Depreciation
As at 1 April 2023 23 495 518
Provided during the period 24 45 69
As at 31 March 2024 47 540 587
Net Book Value
As at 31 March 2024 46 90 136
As at 1 April 2023 70 135 205
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
VAT 359 402
Accruals and deferred income 950 900
Director's loan account 41,830 41,518
43,139 42,820
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
8. Ultimate Controlling Party
The company's ultimate controlling party is John William O'Dwyer by virtue of his ownership of 100% of the issued share capital in the company.
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