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Company Registration No. 02025360 (England and Wales)
Odessey Limited Unaudited accounts for the year ended 31 October 2023
Odessey Limited Unaudited accounts Contents
Page
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Odessey Limited Company Information for the year ended 31 October 2023
Directors
Kapurchand Govindji Malde Rajesh Kapurchand Malde
Secretary
Divya Malde
Company Number
02025360 (England and Wales)
Registered Office
16 HARROWES MEADE EDGWARE MIDDLESEX HA8 8RP
Accountants
BPACL Accountancy Services Limited 83 Cowley Hill Borehamwood Hertfordshire WD6 5NA
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Odessey Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
35,206 
9,708 
Current assets
Inventories
44,021 
39,562 
Debtors
92,866 
84,633 
Cash at bank and in hand
176,028 
287,419 
312,915 
411,614 
Creditors: amounts falling due within one year
(116,240)
(135,998)
Net current assets
196,675 
275,616 
Net assets
231,881 
285,324 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
231,781 
285,224 
Shareholders' funds
231,881 
285,324 
For the year ending 31 October 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 20 July 2024 and were signed on its behalf by
Rajesh Kapurchand Malde Director Company Registration No. 02025360
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Odessey Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Odessey Limited is a private company, limited by shares, registered in England and Wales, registration number 02025360. The registered office is 16 HARROWES MEADE, EDGWARE, MIDDLESEX, HA8 8RP.
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
These financial statements for the year ended 31 October 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Land & buildings
25% SLM
Motor vehicles
25% SLM
Fixtures & fittings
25% SLM
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2022
70,341 
4,650 
169,967 
244,958 
Additions
- 
42,205 
1,996 
44,201 
At 31 October 2023
70,341 
46,855 
171,963 
289,159 
Depreciation
At 1 November 2022
67,598 
4,650 
163,002 
235,250 
Charge for the year
2,743 
10,552 
5,408 
18,703 
At 31 October 2023
70,341 
15,202 
168,410 
253,953 
Net book value
At 31 October 2023
- 
31,653 
3,553 
35,206 
At 31 October 2022
2,743 
- 
6,965 
9,708 
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Odessey Limited Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
20,332 
17,793 
Trade debtors
63,687 
63,645 
Accrued income and prepayments
2,068 
2,861 
Other debtors
6,779 
334 
92,866 
84,633 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
109,494 
106,814 
Taxes and social security
3,002 
9,413 
Loans from directors
- 
2,175 
Accruals
3,744 
17,596 
116,240 
135,998 
7
Average number of employees
During the year the average number of employees was 5 (2022: 4).
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