ODM (UK) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03996603

ODM (UK) LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

30 June 2025

ODM (UK) LIMITED

STATEMENT OF FINANCIAL POSITION

30 June 2025

	30 Jun 25		31 Mar 24
Note	£	£	£

Fixed assets

Tangible assets	5		14,421	5,433

Current assets

Stocks		11,891	11,719
Debtors	6	234,045	71,302
Cash at bank and in hand		38,427	84,723
		----------	----------
		284,363	167,744

Creditors: amounts falling due within one year	7	154,834		102,036
		----------		----------
Net current assets			129,529	65,708
			----------	---------
Total assets less current liabilities			143,950	71,141

Provisions

Taxation including deferred tax	3,356	790
	----------	---------
Net assets	140,594	70,351
	----------	---------

Capital and reserves

Called up share capital	2	2
Profit and loss account	140,592	70,349
	----------	---------
Shareholders funds	140,594	70,351
	----------	---------

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 period ending 30 June 2025 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 period in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

ODM (UK) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 June 2025

These financial statements were approved by the board of directors and authorised for issue on 26 August 2025 , and are signed on behalf of the board by:

Mr M C Heading
Director

Company registration number: 03996603

ODM (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 1 APRIL 2024 TO 30 JUNE 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 168 Church Road, Hove, East Sussex, BN3 2DL.

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.

Going concern

No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.

The directors consider that the uncertainty caused in the company's industry as a result of Coronavirus and the recovery from the restrictions put in place by the government should not materially affect the company's ability to continue as a going concern.

This assumption has been continued as the economy is hit by the cost of living crisis, and world economic impact of the war in Ukraine.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Property improvements	-	10% straight line
Fixtures, fittings & equipment	-	20% reducing balance
Motor vehicles	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

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.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 4 (2024: 5 ).

5. Tangible assets

	Land and buildings	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2024	30,283	117,128	16,545	163,956
Additions	–	–	10,833	10,833
Disposals	( 30,283)	–	–	( 30,283)
	---------	----------	---------	----------
At 30 June 2025	–	117,128	27,378	144,506
	---------	----------	---------	----------
Depreciation
At 1 April 2024	30,283	113,276	14,964	158,523
Charge for the period	–	925	920	1,845
Disposals	( 30,283)	–	–	( 30,283)
	---------	----------	---------	----------
At 30 June 2025	–	114,201	15,884	130,085
	---------	----------	---------	----------
Carrying amount
At 30 June 2025	–	2,927	11,494	14,421
	---------	----------	---------	----------
At 31 March 2024	–	3,852	1,581	5,433
	---------	----------	---------	----------

6. Debtors

	30 Jun 25	31 Mar 24
	£	£
Trade debtors	47,948	67,071
Amounts owed by group undertakings and undertakings in which the company has a participating interest	185,923	–
Other debtors	174	4,231
	----------	---------
	234,045	71,302
	----------	---------

7. Creditors: amounts falling due within one year

	30 Jun 25	31 Mar 24
	£	£
Trade creditors	85,407	81,278
Corporation tax	20,472	3,565
Social security and other taxes	6,621	10,191
Other creditors	42,334	7,002
	----------	----------
	154,834	102,036
	----------	----------

8. Director's advances, credits and guarantees

During the period the director entered into the following advances and credits with the company:

	30 Jun 25
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
S Morris	–	–	–
	----	----	----

	31 Mar 24
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
S Morris	( 17,407)	17,407	–
	---------	---------	----

9. Related party transactions

On 16 April 2024 the company became a 100% wholly owned subsidiary of M & M Office Supplies Limited, a company incorporated in England and Wales. As at 30 June 2025 the company owed M & M Office Supplies Limited £185,923.