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REGISTERED NUMBER: 11683708 (England and Wales)















Financial Statements for the Year Ended 31 August 2024

for

Odiliaclark Ltd

Odiliaclark Ltd (Registered number: 11683708)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Odiliaclark Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: D F Hammond
D R Whiffin





REGISTERED OFFICE: Aerospace Logistics Centre
Fifth Avenue
Letchworth
Hertfordshire
SG6 2TS





REGISTERED NUMBER: 11683708 (England and Wales)





AUDITORS: Godfrey Laws Audit Limited
65 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

Odiliaclark Ltd (Registered number: 11683708)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 24,150 27,150
Tangible assets 5 3,488 5,559
Investments 6 15,075 15,075
42,713 47,784

CURRENT ASSETS
Stocks 36,478 57,087
Debtors 7 71,043 65,349
Cash at bank 13,643 8,881
121,164 131,317
CREDITORS
Amounts falling due within one year 8 180,507 202,519
NET CURRENT LIABILITIES (59,343 ) (71,202 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(16,630

)

(23,418

)

CREDITORS
Amounts falling due after more than one
year

9

4,448

14,471
NET LIABILITIES (21,078 ) (37,889 )

CAPITAL AND RESERVES
Called up share capital 11 139 102
Retained earnings (21,217 ) (37,991 )
SHAREHOLDERS' FUNDS (21,078 ) (37,889 )

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 28 May 2025 and were signed on its behalf by:





D F Hammond - Director


Odiliaclark Ltd (Registered number: 11683708)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Odiliaclark 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.

Turnover consists of services in specialist impairment risk management.

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 ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Odiliaclark Ltd (Registered number: 11683708)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 September 2023
and 31 August 2024 30,000
AMORTISATION
At 1 September 2023 2,850
Amortisation for year 3,000
At 31 August 2024 5,850
NET BOOK VALUE
At 31 August 2024 24,150
At 31 August 2023 27,150

Odiliaclark Ltd (Registered number: 11683708)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 2,094 7,785 9,879
DEPRECIATION
At 1 September 2023 1,594 2,726 4,320
Charge for year 125 1,946 2,071
At 31 August 2024 1,719 4,672 6,391
NET BOOK VALUE
At 31 August 2024 375 3,113 3,488
At 31 August 2023 500 5,059 5,559

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2023
and 31 August 2024 15,075
NET BOOK VALUE
At 31 August 2024 15,075
At 31 August 2023 15,075

The company has a 100% holding in Kura Human Factors Ltd.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 51,446 44,724
Amounts owed by group undertakings 535 -
Other debtors 19,062 20,625
71,043 65,349

Odiliaclark Ltd (Registered number: 11683708)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 8,405 8,081
Trade creditors 109,731 79,573
Amounts owed to group undertakings 20,437 94,402
Taxation and social security 14,297 11,816
Other creditors 27,637 8,647
180,507 202,519

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 4,448 14,471

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.8.24 31.8.23
£    £   
Within one year 8,914 8,914
Between one and five years 8,914 17,828
17,828 26,742

11. CALLED UP SHARE CAPITAL

During the year the Ordinary shares were subdivided from £1 to 1p per share.

The following shares were alloted and fully paid for cash at par during the year:

3462 Ordinary shares of 1p each

2 Ordinary B shares of £1 each

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Howard Ashmore FCA (Senior Statutory Auditor)
for and on behalf of Godfrey Laws Audit Limited

Odiliaclark Ltd (Registered number: 11683708)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

13. RELATED PARTY DISCLOSURES

At the balance sheet date, the following amounts are due to companies under common control


31.08.2024 31.08.2023
£ £
Specialist Aviation Holding Limited 20,437 75,437
Kura Human Factors Limited - 18,965


At the balance sheet date, the following amounts are due from companies under common control


31.08.2024 31.08.2023
£ £
Kura Human Factors Limited 535 -




The controlling party is D F Hammond.

14. ULTIMATE PARENT COMPANY

The ultimate parent company is Specialist Aviation Holdings Limited, the registered office is: Unit 2B Dunhams Lane, Letchworth Garden City, Hertfordshire, SG6 1BE

15. GOING CONCERN

At the balance sheet date the company had net current liabilities, the parent company will continue to support the company for the next 12 months.