Company Registration No. 05625215 (England and Wales)
ODR Creative Design Limited
Unaudited accounts
for the year ended 31 December 2024
ODR Creative Design Limited
Unaudited accounts
Contents
ODR Creative Design Limited
Company Information
for the year ended 31 December 2024
Directors
Mr Geraint Rhys Jones
Mr Aran Pitter
Company Number
05625215 (England and Wales)
Registered Office
5 Stangate House
Stanwell Road
Penarth
CF64 2AA
Accountants
Nathan Evans Limited
16 Cambrian Way
Marshfield
Cardiff
CF3 2WB
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of ODR Creative Design Limited for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
ODR Creative Design Limited for the year ended
31 December 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Nathan Evans Limited
Chartered Accountants
16 Cambrian Way
Marshfield
Cardiff
CF3 2WB
12 June 2025
ODR Creative Design Limited
Statement of financial position
as at 31 December 2024
Tangible assets
2,155
1,597
Cash at bank and in hand
10,672
358
Creditors: amounts falling due within one year
(37,804)
(37,539)
Net current assets
3,414
8,392
Total assets less current liabilities
5,569
9,989
Creditors: amounts falling due after more than one year
(4,583)
(9,583)
Called up share capital
10
10
Profit and loss account
976
396
Shareholders' funds
986
406
For the year ending 31 December 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 June 2025 and were signed on its behalf by
Mr Geraint Rhys Jones
Director
Company Registration No. 05625215
ODR Creative Design Limited
Notes to the Accounts
for the year ended 31 December 2024
ODR Creative Design Limited is a private company, limited by shares, registered in England and Wales, registration number 05625215. The registered office is 5 Stangate House, Stanwell Road, Penarth, CF64 2AA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill 10% straight line
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
ODR Creative Design Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
3,016
15,537
18,553
At 31 December 2024
3,016
17,456
20,472
At 1 January 2024
2,826
14,130
16,956
Charge for the year
123
1,238
1,361
At 31 December 2024
2,949
15,368
18,317
At 31 December 2024
67
2,088
2,155
At 31 December 2023
190
1,407
1,597
Amounts falling due within one year
Trade debtors
30,546
45,573
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,000
8,608
Taxes and social security
68,732
55,773
Other creditors
2,248
1,961
Loans from directors
(38,303)
(34,303)
ODR Creative Design Limited
Notes to the Accounts
for the year ended 31 December 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan
18,203
2,000
-
20,203
Loan
16,100
2,000
-
18,100
During the current year, Mr Jones and Mr Pitter had interest free loans from the company.
10
Transactions with related parties
School Website Design Agency Limited is jointly owned by the directors. During the normal course of business, the company provided services to School Website Design Agency Limited and was owed £20,033 (2023: £25,633) at the year end. The company also received services from School Website Design Agency Limited and owed £nil (2023: £5,500) at the year end.
The company was under the control of Mr Jones and Mr Pitter for the whole of the year. Mr Jones and Mr Pitter each own 50% of the share capital. The company paid dividends of £11,500 (2023: £1,150) to Mr Pitter and £41,554 (2023: £23,000) to Mr Jones.
12
Average number of employees
During the year the average number of employees was 3 (2023: 4).