Company Registration No. 13257787 (England and Wales)
Ods Group Ltd
Unaudited accounts
for the year ended 31 March 2024
Ods Group Ltd
Unaudited accounts
Contents
Ods Group Ltd
Company Information
for the year ended 31 March 2024
Company Number
13257787 (England and Wales)
Registered Office
The Queens Hotel
19 Bridge Street
Newport
Gwent
NP20 4AN
Wales
Ods Group Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
1,988,246
1,003,325
Cash at bank and in hand
45,834
11,099
Creditors: amounts falling due within one year
(627,813)
(803,581)
Net current liabilities
(535,708)
(351,187)
Total assets less current liabilities
1,452,538
652,138
Creditors: amounts falling due after more than one year
(671,000)
(795,690)
Net assets/(liabilities)
781,538
(143,552)
Called up share capital
250
250
Revaluation reserve
867,257
-
Profit and loss account
(85,969)
(143,802)
Shareholders' funds
781,538
(143,552)
For the year ending 31 March 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 director acknowledges her 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 and authorised for issue on 18 May 2026 and were signed on its behalf by
DRURY, Jennifer
Director
Company Registration No. 13257787
Ods Group Ltd
Notes to the Accounts
for the year ended 31 March 2024
Ods Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 13257787. The registered office is The Queens Hotel, 19 Bridge Street, Newport, Gwent, NP20 4AN, Wales.
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.
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:
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At valuation
At cost
At 1 April 2023
999,887
48,217
1,048,104
Revaluations
1,003,284
-
1,003,284
At 31 March 2024
2,003,171
60,207
2,063,378
At 1 April 2023
32,462
12,317
44,779
Charge for the year
20,709
9,644
30,353
At 31 March 2024
53,171
21,961
75,132
At 31 March 2024
1,950,000
38,246
1,988,246
At 31 March 2023
967,425
35,900
1,003,325
Ods Group Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Accrued income and prepayments
31,097
-
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
178,429
84,157
Taxes and social security
38,300
283,982
Other creditors
376,648
435,442
Loans from directors
34,436
-
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
671,000
540,750
8
Average number of employees
During the year the average number of employees was 8 (2023: 11).