Company Registration No. 9030788 (England and Wales)
Oddbod Games Studio Limited
Unaudited accounts
for the year ended 31 May 2024
Oddbod Games Studio Limited
Unaudited accounts
Contents
Oddbod Games Studio Limited
Company Information
for the year ended 31 May 2024
Directors
C J J McMorran
C Gilkes
A L Shelton
Company Number
9030788 (England and Wales)
Registered Office
Keighwood House
12 The Range
Langham, Oakham
Rutland
LE15 7EB
Accountants
Keighwood Ltd
Keighwood House
12 The Range
Langham, Oakham
Rutland
LE15 7EB
Oddbod Games Studio Limited
Statement of financial position
as at 31 May 2024
Tangible assets
31,315
30,600
Creditors: amounts falling due within one year
(7,683)
(3,021)
Net current assets/(liabilities)
897
(3,021)
Called up share capital
3
3
Profit and loss account
32,209
27,576
Shareholders' funds
32,212
27,579
For the year ending 31 May 2024 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 21 August 2024 and were signed on its behalf by
C J J McMorran
Director
Company Registration No. 9030788
Oddbod Games Studio Limited
Notes to the Accounts
for the year ended 31 May 2024
Oddbod Games Studio Limited is a private company, limited by shares, registered in England and Wales, registration number 9030788. The registered office is Keighwood House, 12 The Range, Langham, Oakham, Rutland, LE15 7EB.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
There is no depreciation on land and buildings
Fixtures & fittings
15% reducing value
Computer equipment
25% reducing value
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Oddbod Games Studio Limited
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
27,000
2,000
10,000
39,000
At 31 May 2024
27,000
2,000
11,977
40,977
At 1 June 2023
-
725
7,675
8,400
Charge for the year
-
190
1,072
1,262
At 31 May 2024
-
915
8,747
9,662
At 31 May 2024
27,000
1,085
3,230
31,315
At 31 May 2023
27,000
1,275
2,325
30,600
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
4,443
-
Loans from directors
2,940
3,021
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3
3
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).