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REGISTERED NUMBER: 03365966 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

ODD FIRM OF SIN LIMITED

ODD FIRM OF SIN LIMITED (REGISTERED NUMBER: 03365966)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ODD FIRM OF SIN LIMITED

COMPANY INFORMATION
for the year ended 30 April 2024







DIRECTORS: Mr S N Difford
Ms P S Difford
Mr H Webster





REGISTERED OFFICE: The Clocktower
Sherbourne Valley
Hastings Road
Rye
East Sussex
TN31 6HY





REGISTERED NUMBER: 03365966 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

ODD FIRM OF SIN LIMITED (REGISTERED NUMBER: 03365966)

ABRIDGED BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 19,800 -
Tangible assets 5 13,652 143,011
Investments 6 500 500
33,952 143,511

CURRENT ASSETS
Stocks 88,365 100,768
Debtors 374,197 222,847
Cash at bank and in hand 198,964 215,813
661,526 539,428
CREDITORS
Amounts falling due within one year 112,399 108,113
NET CURRENT ASSETS 549,127 431,315
TOTAL ASSETS LESS CURRENT
LIABILITIES

583,079

574,826

CREDITORS
Amounts falling due after more than one year 112,398 122,398
NET ASSETS 470,681 452,428

CAPITAL AND RESERVES
Called up share capital 331,133 331,133
Share premium 299,967 299,967
Retained earnings (160,419 ) (178,672 )
SHAREHOLDERS' FUNDS 470,681 452,428

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ODD FIRM OF SIN LIMITED (REGISTERED NUMBER: 03365966)

ABRIDGED BALANCE SHEET - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 August 2024 and were signed on its behalf by:





Mr S N Difford - Director


ODD FIRM OF SIN LIMITED (REGISTERED NUMBER: 03365966)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Odd Firm of Sin 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Not provided
Improvements to property - Straight line over 5 years
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Freehold property is made up of land only therefore it is not being depreciated.

Government grants
Government grants, including non-monetary grants shall not be recognised until there is reasonable assurance that:
(a) the entity will comply with the conditions attaching to them; and
(b) the grants will be received.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


ODD FIRM OF SIN LIMITED (REGISTERED NUMBER: 03365966)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Fixed asset investments
Fixed asset investments are held at cost less amounts provided for permanent diminution in value. The carrying values of fixed asset investment are reviewed for impairment where events or changes in circumstance indicate the carrying value may not be recoverable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

ODD FIRM OF SIN LIMITED (REGISTERED NUMBER: 03365966)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 22,000
At 30 April 2024 22,000
AMORTISATION
Amortisation for year 2,200
At 30 April 2024 2,200
NET BOOK VALUE

At 30 April 2024 19,800

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 225,393
Additions 5,494
Disposals (124,188 )
At 30 April 2024 106,699
DEPRECIATION
At 1 May 2023 82,382
Charge for year 10,665
At 30 April 2024 93,047
NET BOOK VALUE
At 30 April 2024 13,652
At 30 April 2023 143,011

No provision is made for depreciation of freehold properties. This departure from the requirements of the Regulations, which require all freehold properties to be depreciated, is in the opinion of the director, necessary for the Financial Statements to show a true and fair view in accordance with applicable accounting standards.

ODD FIRM OF SIN LIMITED (REGISTERED NUMBER: 03365966)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 May 2023
and 30 April 2024 500
NET BOOK VALUE
At 30 April 2024 500
At 30 April 2023 500

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other creditors 108,000 100,800

Other creditors are secured against the personal guarantee of the directors.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Ms P S Difford
Balance outstanding at start of year - 50,000
Amounts repaid - (50,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

At the balance sheet date, the company owed £1,624 to directors.

ODD FIRM OF SIN LIMITED (REGISTERED NUMBER: 03365966)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

10. ULTIMATE PARENT COMPANY

The ultimate parent company is Sauce Marketing Limited.