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REGISTERED NUMBER: 01454177 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022

FOR

OHMEGA LIMITED

OHMEGA LIMITED (REGISTERED NUMBER: 01454177)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OHMEGA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2022







DIRECTOR: Mr T J Perkins





REGISTERED OFFICE: Suite 2B, Lynes House
Lynes Lane
High Street
Ringwood
Hampshire
BH24 1BT





BUSINESS ADDRESS: Unit 1
Wick 1 Industrial Estate
Gore Road
New Milton
Hampshire
BH25 6SJ





REGISTERED NUMBER: 01454177 (England and Wales)





ACCOUNTANTS: Casson Beckman
Chartered Accountants
Suite 2B, Lynes House
Lynes Lane
High Street
Ringwood
Hampshire
BH24 1BT

OHMEGA LIMITED (REGISTERED NUMBER: 01454177)

BALANCE SHEET
30 APRIL 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,928 54,941

CURRENT ASSETS
Stocks 1,300 3,619
Debtors 5 14,066 9,161
Cash at bank 142,866 141,073
158,232 153,853
CREDITORS
Amounts falling due within one year 6 4,597 4,583
NET CURRENT ASSETS 153,635 149,270
TOTAL ASSETS LESS CURRENT
LIABILITIES

204,563

204,211

PROVISIONS FOR LIABILITIES 1,232 -
NET ASSETS 203,331 204,211

CAPITAL AND RESERVES
Called up share capital 750 750
Capital redemption reserve 250 250
Retained earnings 202,331 203,211
SHAREHOLDERS' FUNDS 203,331 204,211

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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.

OHMEGA LIMITED (REGISTERED NUMBER: 01454177)

BALANCE SHEET - continued
30 APRIL 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 August 2022 and were signed by:





Mr T J Perkins - Director


OHMEGA LIMITED (REGISTERED NUMBER: 01454177)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022


1. STATUTORY INFORMATION

Ohmega Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts receivable for sales of good net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance and 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

OHMEGA LIMITED (REGISTERED NUMBER: 01454177)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2022


2. ACCOUNTING POLICIES - continued

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 May 2021 75,000 37,957 35,689
Additions - - -
At 30 April 2022 75,000 37,957 35,689
DEPRECIATION
At 1 May 2021 34,500 31,922 35,415
Charge for year 1,500 1,509 69
At 30 April 2022 36,000 33,431 35,484
NET BOOK VALUE
At 30 April 2022 39,000 4,526 205
At 30 April 2021 40,500 6,035 274

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2021 23,817 794 173,257
Additions 1,007 524 1,531
At 30 April 2022 24,824 1,318 174,788
DEPRECIATION
At 1 May 2021 16,281 198 118,316
Charge for year 2,136 330 5,544
At 30 April 2022 18,417 528 123,860
NET BOOK VALUE
At 30 April 2022 6,407 790 50,928
At 30 April 2021 7,536 596 54,941

OHMEGA LIMITED (REGISTERED NUMBER: 01454177)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2022


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 13,078 6,994
Other debtors 988 2,167
14,066 9,161

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 307 1,381
Taxation and social security 3,135 2,077
Other creditors 1,155 1,125
4,597 4,583