1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-11-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 11651995 2023-11-01 2024-10-31 11651995 2024-10-31 11651995 2023-10-31 11651995 2022-11-01 2023-10-31 11651995 2023-10-31 11651995 2022-10-31 11651995 bus:Director1 2023-11-01 2024-10-31 11651995 core:AfterOneYear 2024-10-31 11651995 core:AfterOneYear 2023-10-31 11651995 core:WithinOneYear 2024-10-31 11651995 core:WithinOneYear 2023-10-31 11651995 core:ShareCapital 2024-10-31 11651995 core:ShareCapital 2023-10-31 11651995 core:RetainedEarningsAccumulatedLosses 2024-10-31 11651995 core:RetainedEarningsAccumulatedLosses 2023-10-31 11651995 bus:SmallEntities 2023-11-01 2024-10-31 11651995 bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 11651995 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 11651995 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 11651995 bus:FullAccounts 2023-11-01 2024-10-31
COMPANY REGISTRATION NUMBER: 11651995
Odyssey Accountants Limited
Filleted Unaudited Financial Statements
31 October 2024
Odyssey Accountants Limited
Statement of Financial Position
31 October 2024
2024
2023
Note
£
£
Current assets
Debtors
5
44,545
42,758
Cash at bank and in hand
17,918
14,347
--------
--------
62,463
57,105
Creditors: amounts falling due within one year
6
15,776
14,283
--------
--------
Net current assets
46,687
42,822
--------
--------
Total assets less current liabilities
46,687
42,822
Creditors: amounts falling due after more than one year
7
22,696
31,435
Provisions
500
500
--------
--------
Net assets
23,491
10,887
--------
--------
Capital and reserves
Called up share capital
1
1
Profit and loss account
23,490
10,886
--------
--------
Shareholders funds
23,491
10,887
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Odyssey Accountants Limited
Statement of Financial Position (continued)
31 October 2024
These financial statements were approved by the board of directors and authorised for issue on 5 January 2025 , and are signed on behalf of the board by:
Miss A Madhas
Director
Company registration number: 11651995
Odyssey Accountants Limited
Notes to the Financial Statements
Year ended 31 October 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 86 Netherhall Avenue, Great Barr, Birmingham, B43 7ET.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Debtors
2024
2023
£
£
Trade debtors
9,506
7,741
Other debtors
35,039
35,017
--------
--------
44,545
42,758
--------
--------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,440
929
Corporation tax
8,605
8,736
Social security and other taxes
5,731
4,618
--------
--------
15,776
14,283
--------
--------
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
22,696
31,435
--------
--------