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REGISTERED NUMBER: 11197236 (England and Wales)










Odessa Group Ltd

Unaudited Financial Statements

for the Year Ended 29 February 2024






Odessa Group Ltd (Registered number: 11197236)






Contents of the Financial Statements
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Odessa Group Ltd

Company Information
for the year ended 29 February 2024







DIRECTORS: Mr I C Eldridge
Mr G A Marshall





REGISTERED OFFICE: Unit A7 Trem Y Dyffryn
Colomendy Industrial Estate
Denbigh
LL16 5TX





REGISTERED NUMBER: 11197236 (England and Wales)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

Odessa Group Ltd (Registered number: 11197236)

Balance Sheet
29 February 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 64,171 109,605

CURRENT ASSETS
Debtors 5 35,030 104,072
Cash at bank 82,738 29,337
117,768 133,409
CREDITORS
Amounts falling due within one year 6 65,072 94,611
NET CURRENT ASSETS 52,696 38,798
TOTAL ASSETS LESS CURRENT
LIABILITIES

116,867

148,403

CREDITORS
Amounts falling due after more than one
year

7

(4,097

)

(11,453

)

PROVISIONS FOR LIABILITIES (12,192 ) (20,746 )
NET ASSETS 100,578 116,204

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 100,576 116,202
100,578 116,204

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by:





Mr G A Marshall - Director


Odessa Group Ltd (Registered number: 11197236)

Notes to the Financial Statements
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Odessa Group Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2023 - 39 ) .

Odessa Group Ltd (Registered number: 11197236)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 179,369
Additions 941
Disposals (8,995 )
At 29 February 2024 171,315
DEPRECIATION
At 1 March 2023 69,764
Charge for year 43,182
Eliminated on disposal (5,802 )
At 29 February 2024 107,144
NET BOOK VALUE
At 29 February 2024 64,171
At 28 February 2023 109,605

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 32,568 102,822
Other debtors 2,462 1,250
35,030 104,072

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Hire purchase contracts 7,357 9,109
Trade creditors 7,489 5,682
Taxation and social security 6,638 8,865
Other creditors 43,588 70,955
65,072 94,611

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
as restated
£    £   
Hire purchase contracts 4,097 11,453

8. ULTIMATE CONTROLLING PARTY

Ultimate control of the company lies with its directors, who between them own 100% of the company.