Company Registration No. 10802813 (England and Wales)
Oda Life Textile and Furniture Limited
Unaudited accounts
for the year ended 31 May 2026
Oda Life Textile and Furniture Limited
Unaudited accounts
Contents
Oda Life Textile and Furniture Limited
Company Information
for the year ended 31 May 2026
Company Number
10802813 (England and Wales)
Registered Office
307-309 Hertford Road
London
N9 7ET
United Kingdom
Accountants
DNG Associates
214 Baker Street
Enfield
London
EN1 3JY
Oda Life Textile and Furniture Limited
Statement of financial position
as at 31 May 2026
Tangible assets
75,279
84,724
Inventories
138,900
159,700
Cash at bank and in hand
3,399
8,992
Creditors: amounts falling due within one year
(187,323)
(222,171)
Net current liabilities
(38,024)
(46,479)
Total assets less current liabilities
37,255
38,245
Creditors: amounts falling due after more than one year
-
(3,495)
Called up share capital
1,000
1,000
Profit and loss account
36,255
33,750
Shareholders' funds
37,255
34,750
For the year ending 31 May 2026 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 his 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 8 July 2026 and were signed on its behalf by
Mr O Odemis
Director
Company Registration No. 10802813
Oda Life Textile and Furniture Limited
Notes to the Accounts
for the year ended 31 May 2026
Oda Life Textile and Furniture Limited is a private company, limited by shares, registered in England and Wales, registration number 10802813. The registered office is 307-309 Hertford Road, London, N9 7ET, United Kingdom.
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.
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
5 years
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Oda Life Textile and Furniture Limited
Notes to the Accounts
for the year ended 31 May 2026
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2025
62,500
23,899
50,750
3,250
140,399
At 31 May 2026
62,500
23,899
50,750
3,250
140,399
At 1 June 2025
9,375
12,528
32,506
1,266
55,675
Charge for the year
3,125
2,274
3,649
397
9,445
At 31 May 2026
12,500
14,802
36,155
1,663
65,120
At 31 May 2026
50,000
9,097
14,595
1,587
75,279
At 31 May 2025
53,125
11,371
18,244
1,984
84,724
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
11,499
18,130
Taxes and social security
9,720
7,592
Loans from directors
64,500
108,578
7
Creditors: amounts falling due after more than one year
2026
2025
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
9
Transactions with related parties
Included within other creditors is an amount of £64,500 (2025: £108,578) due to the director of the company. There are no terms as to interest or repayment in respect of this balance.
Oda Life Textile and Furniture Limited
Notes to the Accounts
for the year ended 31 May 2026
10
Average number of employees
During the year the average number of employees was 6 (2025: 6).