IRIS Accounts Production v24.3.2.46 08532738 Board of Directors Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh085327382023-05-31085327382024-05-31085327382023-06-012024-05-31085327382022-05-31085327382022-06-012023-05-31085327382023-05-3108532738ns15:EnglandWales2023-06-012024-05-3108532738ns14:PoundSterling2023-06-012024-05-3108532738ns10:Director12023-06-012024-05-3108532738ns10:Director22023-06-012024-05-3108532738ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3108532738ns10:SmallEntities2023-06-012024-05-3108532738ns10:AuditExemptWithAccountantsReport2023-06-012024-05-3108532738ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3108532738ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3108532738ns10:FullAccounts2023-06-012024-05-3108532738ns10:Director32023-06-012024-05-3108532738ns10:RegisteredOffice2023-06-012024-05-3108532738ns5:CurrentFinancialInstruments2024-05-3108532738ns5:CurrentFinancialInstruments2023-05-3108532738ns5:Non-currentFinancialInstruments2024-05-3108532738ns5:Non-currentFinancialInstruments2023-05-3108532738ns5:ShareCapital2024-05-3108532738ns5:ShareCapital2023-05-3108532738ns5:RetainedEarningsAccumulatedLosses2024-05-3108532738ns5:RetainedEarningsAccumulatedLosses2023-05-3108532738ns5:FurnitureFittings2023-05-3108532738ns5:ComputerEquipment2023-05-3108532738ns5:FurnitureFittings2023-06-012024-05-3108532738ns5:ComputerEquipment2023-06-012024-05-3108532738ns5:FurnitureFittings2024-05-3108532738ns5:ComputerEquipment2024-05-3108532738ns5:FurnitureFittings2023-05-3108532738ns5:ComputerEquipment2023-05-3108532738ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3108532738ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3108532738ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-05-3108532738ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-05-3108532738ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-05-3108532738ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-05-31
REGISTERED NUMBER: 08532738 (England and Wales)









ODONNELL+BROWN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024






ODONNELL+BROWN LIMITED (REGISTERED NUMBER: 08532738)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


ODONNELL+BROWN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTORS: J O'Donnell
S Brown
M C Dougall





REGISTERED OFFICE: 21 Clissold Court
Greenway Close
London
N4 2EZ





REGISTERED NUMBER: 08532738 (England and Wales)





ACCOUNTANTS: russell + russell
Chartered Certified Accountants
4 Royal Crescent
Glasgow
G3 7SL

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ODONNELL+BROWN LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Odonnell+Brown Limited for the year ended 31st May 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Odonnell+Brown Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Odonnell+Brown Limited and state those matters that we have agreed to state to the Board of Directors of Odonnell+Brown Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Odonnell+Brown Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Odonnell+Brown Limited. You consider that Odonnell+Brown Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Odonnell+Brown Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






russell + russell
Chartered Certified Accountants
4 Royal Crescent
Glasgow
G3 7SL


27th January 2025

ODONNELL+BROWN LIMITED (REGISTERED NUMBER: 08532738)

BALANCE SHEET
31ST MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,468 10,859

CURRENT ASSETS
Stocks 135,110 108,600
Debtors 5 31,565 19,691
Cash at bank 374,542 373,101
541,217 501,392
CREDITORS
Amounts falling due within one year 6 150,351 201,160
NET CURRENT ASSETS 390,866 300,232
TOTAL ASSETS LESS CURRENT
LIABILITIES

396,334

311,091

CREDITORS
Amounts falling due after more than one
year

7

10,419

20,619
NET ASSETS 385,915 290,472

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 385,913 290,470
SHAREHOLDERS' FUNDS 385,915 290,472

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

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

ODONNELL+BROWN LIMITED (REGISTERED NUMBER: 08532738)

BALANCE SHEET - continued
31ST MAY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th January 2025 and were signed on its behalf by:




S Brown - Director



J O'Donnell - Director


ODONNELL+BROWN LIMITED (REGISTERED NUMBER: 08532738)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024

1. STATUTORY INFORMATION

Odonnell+Brown 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
The turnover shown in the profit and loss account represents the sales value of work done during the year, exclusive of Value Added Tax.

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

Fixtures & fittings- 20% straight line
Computer equipment- 25% straight line

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.

ODONNELL+BROWN LIMITED (REGISTERED NUMBER: 08532738)

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

2. ACCOUNTING POLICIES - continued

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 11 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st June 2023 30,462 6,483 36,945
Additions 682 2,161 2,843
At 31st May 2024 31,144 8,644 39,788
DEPRECIATION
At 1st June 2023 23,938 2,148 26,086
Charge for year 6,229 2,005 8,234
At 31st May 2024 30,167 4,153 34,320
NET BOOK VALUE
At 31st May 2024 977 4,491 5,468
At 31st May 2023 6,524 4,335 10,859

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 26,601 17,451
Other debtors 4,964 2,240
31,565 19,691

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts (see note 8) 11,178 10,948
Trade creditors 34,645 12,306
Taxation and social security 75,635 108,749
Other creditors 28,893 69,157
150,351 201,160

ODONNELL+BROWN LIMITED (REGISTERED NUMBER: 08532738)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans (see note 8) 10,419 20,619

8. LOANS

An analysis of the maturity of loans is given below:

31.5.24 31.5.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 11,178 10,948

Amounts falling due between one and two years:
Bank loans - 1-2 years 9,627 9,430

Amounts falling due between two and five years:
Bank loans - 2-5 years 792 11,189

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid

Number: Class: Nominal 31.05.24 31.05.23
value: £    £   

50 A Ordinary £0.01 0.50 0.50
50 B Ordinary £0.01 0.50 0.50
50 C Ordinary £0.01 0.50 0.50

1.50 1.50

In the prior year 150 Ordinary shares were converted to 50 A Ordinary shares, 50 B Ordinary shares and 50 C Ordinary shares.

10. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.