Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 12607093 Mr Antony Hicks Mrs Lisa Hicks iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12607093 2023-05-31 12607093 2024-05-31 12607093 2023-06-01 2024-05-31 12607093 frs-core:CurrentFinancialInstruments 2024-05-31 12607093 frs-core:Non-currentFinancialInstruments 2024-05-31 12607093 frs-core:ComputerEquipment 2024-05-31 12607093 frs-core:ComputerEquipment 2023-06-01 2024-05-31 12607093 frs-core:ComputerEquipment 2023-05-31 12607093 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-05-31 12607093 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-06-01 2024-05-31 12607093 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2023-05-31 12607093 frs-core:InvestmentPropertyIncludedWithinPPE 2023-06-01 2024-05-31 12607093 frs-core:PlantMachinery 2024-05-31 12607093 frs-core:PlantMachinery 2023-06-01 2024-05-31 12607093 frs-core:PlantMachinery 2023-05-31 12607093 frs-core:ShareCapital 2024-05-31 12607093 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 12607093 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 12607093 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 12607093 frs-bus:SmallEntities 2023-06-01 2024-05-31 12607093 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 12607093 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 12607093 frs-bus:Director1 2023-06-01 2024-05-31 12607093 frs-bus:Director2 2023-06-01 2024-05-31 12607093 frs-countries:EnglandWales 2023-06-01 2024-05-31 12607093 2022-05-31 12607093 2023-05-31 12607093 2022-06-01 2023-05-31 12607093 frs-core:CurrentFinancialInstruments 2023-05-31 12607093 frs-core:Non-currentFinancialInstruments 2023-05-31 12607093 frs-core:ShareCapital 2023-05-31 12607093 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 12607093
Odonata International Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
No Nonsense Accountancy Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12607093
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 52,294 32,020
Tangible Assets 5 72,234 48,230
124,528 80,250
CURRENT ASSETS
Stocks 6 320,899 329,882
Debtors 7 57,916 13,958
Cash at bank and in hand 4,985 5,101
383,800 348,941
Creditors: Amounts Falling Due Within One Year 8 (1,000 ) -
NET CURRENT ASSETS (LIABILITIES) 382,800 348,941
TOTAL ASSETS LESS CURRENT LIABILITIES 507,328 429,191
Creditors: Amounts Falling Due After More Than One Year 9 (771,818 ) (682,384 )
NET LIABILITIES (264,490 ) (253,193 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (264,590 ) (253,293 )
SHAREHOLDERS' FUNDS (264,490) (253,193)
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Antony Hicks
Director
24/07/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Odonata International Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12607093 . The registered office is 8 Raleigh Walk, Brigantine Place, Cardiff, CF10 4LN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are Patents and Brand creation. It is amortised to the profit and loss account over its estimated economic life of 20 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10% Reducing Balance
Computer Equipment 33% on Cost
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 June 2023 33,705
Additions 22,820
As at 31 May 2024 56,525
...CONTINUED
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Page 4
Amortisation
As at 1 June 2023 1,685
Provided during the period 2,546
As at 31 May 2024 4,231
Net Book Value
As at 31 May 2024 52,294
As at 1 June 2023 32,020
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 53,891 1,750 55,641
Additions 32,835 - 32,835
As at 31 May 2024 86,726 1,750 88,476
Depreciation
As at 1 June 2023 5,661 1,750 7,411
Provided during the period 8,831 - 8,831
As at 31 May 2024 14,492 1,750 16,242
Net Book Value
As at 31 May 2024 72,234 - 72,234
As at 1 June 2023 48,230 - 48,230
6. Stocks
2024 2023
£ £
Stock 320,899 329,882
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 184 14
Prepayments and accrued income 56,034 8,084
VAT 1,698 5,860
57,916 13,958
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - (1 )
Other creditors 1,000 1
1,000 -
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Page 5
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 771,818 682,384
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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