Company Registration No. 07214690 (England and Wales)
Odin Events Limited
Unaudited accounts
for the year ended 31 March 2021
Odin Events Limited
Unaudited accounts
Contents
Odin Events Limited
Company Information
for the year ended 31 March 2021
Directors
Shane Reed
Bethyn Barrass
Company Number
07214690 (England and Wales)
Registered Office
First Floor
231 - 233 Marine Road Central
Morecambe
LA4 4BQ
United Kingdom
Accountants
Blend Accountants
First Floor Brunel House
9 Penrod Way
Heysham
Lancashire
LA3 2UZ
Odin Events Limited
Statement of financial position
as at
31 March 2021
Tangible assets
338,549
391,915
Cash at bank and in hand
19,279
(23,508)
Creditors: amounts falling due within one year
(169,690)
(366,139)
Net current liabilities
(55,170)
(137,872)
Total assets less current liabilities
283,379
254,043
Creditors: amounts falling due after more than one year
(200,000)
(3,514)
Net assets
83,379
250,529
Called up share capital
1,000
1,000
Profit and loss account
82,379
249,529
Shareholders' funds
83,379
250,529
For the year ending 31 March 2021 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 27 May 2021 and were signed on its behalf by
Shane Reed
Director
Company Registration No. 07214690
Odin Events Limited
Notes to the Accounts
for the year ended 31 March 2021
Odin Events Limited is a private company, limited by shares, registered in England and Wales, registration number 07214690. The registered office is First Floor, 231 - 233 Marine Road Central, Morecambe, LA4 4BQ, 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.
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:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
15% Reducing balance
Computer equipment
40% Reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2020
615,166
143,593
5,429
9,134
773,322
Additions
100,204
-
4,016
1,666
105,886
Disposals
(82,528)
(23,951)
-
-
(106,479)
At 31 March 2021
632,842
119,642
9,445
10,800
772,729
At 1 April 2020
286,757
83,552
3,261
7,837
381,407
Charge for the year
52,228
8,231
927
1,185
62,571
On disposals
(9,798)
-
-
-
(9,798)
At 31 March 2021
329,187
91,783
4,188
9,022
434,180
At 31 March 2021
303,655
27,859
5,257
1,778
338,549
At 31 March 2020
328,409
60,041
2,168
1,297
391,915
Odin Events Limited
Notes to the Accounts
for the year ended 31 March 2021
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
11,790
138,175
Amounts due from group undertakings etc.
53,035
-
Other debtors
30,416
63,600
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
79,628
107,733
Obligations under finance leases and hire purchase contracts
32,820
48,292
Amounts owed to group undertakings and other participating interests
44,500
-
Taxes and social security
12,517
24,124
Loans from directors
-
149,213
7
Creditors: amounts falling due after more than one year
2021
2020
8
Average number of employees
During the year the average number of employees was 3 (2020: 11).