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REGISTERED NUMBER: 07783092 (England and Wales)















REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

OWEN DANIELS CONSULTANCY LTD

OWEN DANIELS CONSULTANCY LTD (REGISTERED NUMBER: 07783092)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Report of the Director 2

Chartered Certified Accountants' Report 3

Balance Sheet 4

Notes to the Financial Statements 5


OWEN DANIELS CONSULTANCY LTD

COMPANY INFORMATION
for the Year Ended 30 June 2024







Director: O J Godfrey





Registered office: Building 4 Lyon Way
Frimley
Camberley
GU16 7ER





Registered number: 07783092 (England and Wales)





Accountants: Norwoods
Forest House Office
3 - 5 Horndean Road
Bracknell
Berkshire
RG12 0XQ

OWEN DANIELS CONSULTANCY LTD (REGISTERED NUMBER: 07783092)

REPORT OF THE DIRECTOR
for the Year Ended 30 June 2024

The director presents his report with the financial statements of the company for the year ended 30 June 2024.

Director
O J Godfrey held office during the whole of the period from 1 July 2023 to the date of this report.

Review of the business

The key target for the group for FY23/24 was to increase our contracted revenue and work with customers that want a focussed strategy to attract the very best talent in the STEM sector. Our ability to provide agile recruitment solutions across the market has taken a huge step forward. We doubled our contracted revenue in providing multiple RPO and MSP Solutions to our clients which has driven a very high success rate in placements. Our attrition rate of staff remains incredibly low which is imperative for our success in a tough market, and we continue to upskill our sales culture. In FY23/24 we were presented with two investments opportunities to grow two key areas of the UK. This resulted in new locations in Midlands and the Southwest regions. Both sites are supported centrally and feedback from customers has been very positive.

In addition, we have invested very heavily in our marketing strategy through a refreshed brand, new website and have strengthened the Group's position in the STEM market expeditiously. This investment is part of the medium to long term plan of the wider group to ensure we push on with our focus on powering global STEM. We will be pushing on and investing more into our marketing campaigns over the coming years.

With the increase in government legislation in April '25 we will remain as cost focused as ever ensuring we strive to convert our Gross Margin into EBITDA. Staffing and operational costs continue to rise but we have made conscious decisions to solidify long term agreements with many suppliers to ensure we have cost control whilst we battle the changing conditions. The vision of the company remains the same; we are striving to be the recruitment partner of choice across the global STEM market as we look to launch into America in 2025.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

On behalf of the board:





O J Godfrey - Director


26 February 2025

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
OWEN DANIELS CONSULTANCY LTD (REGISTERED NUMBER: 07783092)

The following reproduces the text of the report prepared for the director 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 Statement of Comprehensive Income and certain other primary statements and the Report of the Director 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 Owen Daniels Consultancy Ltd for the year ended 30 June 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 director of Owen Daniels Consultancy Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Owen Daniels Consultancy Ltd and state those matters that we have agreed to state to the director of Owen Daniels Consultancy Ltd 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 director for our work or for this report.

It is your duty to ensure that Owen Daniels Consultancy Ltd 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 Owen Daniels Consultancy Ltd. You consider that Owen Daniels Consultancy Ltd 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 Owen Daniels Consultancy Ltd. 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.






Norwoods
Forest House Office
3 - 5 Horndean Road
Bracknell
Berkshire
RG12 0XQ


26 February 2025

OWEN DANIELS CONSULTANCY LTD (REGISTERED NUMBER: 07783092)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 11,573 3,139
Tangible assets 5 66,334 110,316
Investments 6 28,000 28,000
105,907 141,455

CURRENT ASSETS
Debtors 7 1,193,364 1,061,895
Cash at bank and in hand 628,335 804,587
1,821,699 1,866,482
CREDITORS
Amounts falling due within one year 8 610,598 635,177
NET CURRENT ASSETS 1,211,101 1,231,305
TOTAL ASSETS LESS CURRENT LIABILITIES 1,317,008 1,372,760

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,317,007 1,372,759
1,317,008 1,372,760

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

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

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 February 2025 and were signed by:





O J Godfrey - Director


OWEN DANIELS CONSULTANCY LTD (REGISTERED NUMBER: 07783092)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Owen Daniels Consultancy 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.

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 three 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 - at varying rates on cost

Financial instruments
Financial assets and financial liabilities are recongnised when the company becomes a party to the contractual provisions of the financial instrument.

Basic financial assets
Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.
Debtors do not carry interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired.

Basic financial liabilities
Creditors are not interest bearing and are included at their nominal value.

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.

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.

OWEN DANIELS CONSULTANCY LTD (REGISTERED NUMBER: 07783092)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable 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 54 (2023 - 59 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
Cost
At 1 July 2023 16,700
Additions 13,484
At 30 June 2024 30,184
Amortisation
At 1 July 2023 13,561
Charge for year 5,050
At 30 June 2024 18,611
Net book value
At 30 June 2024 11,573
At 30 June 2023 3,139

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
Cost
At 1 July 2023 246,500
Additions 8,583
Disposals (4,327 )
At 30 June 2024 250,756
Depreciation
At 1 July 2023 136,184
Charge for year 50,048
Eliminated on disposal (1,810 )
At 30 June 2024 184,422
Net book value
At 30 June 2024 66,334
At 30 June 2023 110,316

OWEN DANIELS CONSULTANCY LTD (REGISTERED NUMBER: 07783092)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Other investments 28,000 28,000

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 751,439 827,998
Amounts owed by group undertakings 175,079 7,929
Other debtors 146,823 123,968
1,073,341 959,895

Amounts falling due after more than one year:
Other debtors 120,023 102,000

Aggregate amounts 1,193,364 1,061,895

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 206,659 148,747
Taxation and social security 322,489 384,940
Other creditors 81,450 101,490
610,598 635,177

9. OTHER FINANCIAL COMMITMENTS

At the reporting date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases of £230,502 (2023: £338,888)

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is O J Godfrey.