Odyssey Bedrooms & Kitchens Ltd - Limited company - abbreviated - 11.0.0

Abbreviated Accounts for the Year Ended 31 December 2013

for

Odyssey Bedrooms & Kitchens Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

K Stevens

SECRETARY:

Mrs M S Stevens

REGISTERED OFFICE:

38/39 Bucklersbury

Hitchin

Hertfordshire

SG5 1BG

REGISTERED NUMBER:

04431483 (England and Wales)

ACCOUNTANTS:

Chancellers LLP

38/39 Bucklersbury

Hitchin

Hertfordshire

SG5 1BG

FIXED ASSETS

-

Intangible assets

2

-

1,928

Tangible assets

3

1,649

1,928

1,649

CURRENT ASSETS

-

Debtors

5,000

34,238

Cash at bank

35,914

34,238

40,914

CREDITORS

35,212

Amounts falling due within one year

40,586

(974

)

NET CURRENT ASSETS/(LIABILITIES)

328

954

TOTAL ASSETS LESS CURRENT LIABILITIES

1,977

386

PROVISIONS FOR LIABILITIES

330

568

NET ASSETS

1,647

CAPITAL AND RESERVES

100

Called up share capital

4

100

468

Profit and loss account

1,547

568

SHAREHOLDERS' FUNDS

1,647

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 18 September 2014 and were signed by:

K Stevens - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of four years.

Deferred tax

The Company had adopted FRS 19 'Deferred Tax'. Deferred tax is provided on the liability method to take account of

timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax

deferred is accounted for in respect of all timing differences. The company has not adopted a policy of discounting

deferred tax assets and liabilities.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme

are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

and 31 December 2013

10,000

AMORTISATION

At 1 January 2013

and 31 December 2013

10,000

NET BOOK VALUE

At 31 December 2013

-

At 31 December 2012

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

6,664

Additions

304

At 31 December 2013

6,968

DEPRECIATION

At 1 January 2013

4,736

Charge for year

583

At 31 December 2013

5,319

NET BOOK VALUE

At 31 December 2013

1,649

At 31 December 2012

1,928

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.13

31.12.12

value:

£

£

100

Ordinary

£1

100

100