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REGISTERED NUMBER: 10485343 (England and Wales)















ODIN RECRUITMENT GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






ODIN RECRUITMENT GROUP LIMITED (REGISTERED NUMBER: 10485343)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ODIN RECRUITMENT GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: P Ballentyne
Miss O L Kay





REGISTERED OFFICE: Cheadle Place
Stockport Road
Stockport
Cheshire
SK8 2JW





REGISTERED NUMBER: 10485343 (England and Wales)





ACCOUNTANTS: Clarke Nicklin LLP
Chartered Accountants
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD

ODIN RECRUITMENT GROUP LIMITED (REGISTERED NUMBER: 10485343)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,206 5,913
Tangible assets 5 4,074 5,530
8,280 11,443

CURRENT ASSETS
Debtors 6 376,098 464,910
Cash at bank 90,796 108,467
466,894 573,377
CREDITORS
Amounts falling due within one year 7 379,727 453,368
NET CURRENT ASSETS 87,167 120,009
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,447

131,452

CREDITORS
Amounts falling due after more than one
year

8

(21,556

)

(30,425

)

PROVISIONS FOR LIABILITIES (1,019 ) (1,051 )
NET ASSETS 72,872 99,976

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 72,871 99,975
72,872 99,976

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

ODIN RECRUITMENT GROUP LIMITED (REGISTERED NUMBER: 10485343)

BALANCE SHEET - continued
31 MARCH 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by:





P Ballentyne - Director


ODIN RECRUITMENT GROUP LIMITED (REGISTERED NUMBER: 10485343)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Odin Recruitment Group 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.

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 nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

ODIN RECRUITMENT GROUP LIMITED (REGISTERED NUMBER: 10485343)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

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 11 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023 8,825
Additions 1,800
At 31 March 2024 10,625
AMORTISATION
At 1 April 2023 2,912
Charge for year 3,507
At 31 March 2024 6,419
NET BOOK VALUE
At 31 March 2024 4,206
At 31 March 2023 5,913

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 9,355 5,833 2,581 17,769
DEPRECIATION
At 1 April 2023 8,541 1,459 2,239 12,239
Charge for year 204 1,166 86 1,456
At 31 March 2024 8,745 2,625 2,325 13,695
NET BOOK VALUE
At 31 March 2024 610 3,208 256 4,074
At 31 March 2023 814 4,374 342 5,530

ODIN RECRUITMENT GROUP LIMITED (REGISTERED NUMBER: 10485343)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 374,400 464,910
Prepayments 1,698 -
376,098 464,910

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 344,778 414,312
Trade creditors 2,654 4,875
Tax 7,345 11,724
Social security and other taxes 4,867 5,916
VAT 19,534 14,721
Other creditors 495 1,438
Directors' current accounts 54 382
379,727 453,368

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 21,556 30,425