THE OM GROUP CORPORATION LIMITED

Company Registration Number:
08418915 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

THE OM GROUP CORPORATION LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Notes

THE OM GROUP CORPORATION LIMITED

Balance sheet

As at 31 December 2022


Notes

2022

2021


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 200,000 0
Tangible assets: 4 130,334 69,872
Investments: 5 45,078 13,777
Total fixed assets: 375,412 83,649
Current assets
Stocks: 300,000 76,892
Debtors:   202,448 134,555
Cash at bank and in hand: 78,671 58,906
Investments:   0 0
Total current assets: 581,119 270,353
Creditors: amounts falling due within one year:   (143,888) (67,659)
Net current assets (liabilities): 437,231 202,694
Total assets less current liabilities: 812,643 286,343
Creditors: amounts falling due after more than one year:   (106,072) (68,111)
Provision for liabilities: (306,584) (112,878)
Total net assets (liabilities): 399,987 105,354
Capital and reserves
Called up share capital: 10 10
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 399,977 105,344
Shareholders funds: 399,987 105,354

The notes form part of these financial statements

THE OM GROUP CORPORATION LIMITED

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 10 October 2023
and signed on behalf of the board by:

Name: Dr A Sharma
Status: Director

The notes form part of these financial statements

THE OM GROUP CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

THE OM GROUP CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

2. Employees

2022 2021
Average number of employees during the period 16 12

THE OM GROUP CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Intangible Assets

Total
Cost £
At 01 January 2022 0
Additions 200,000
Disposals 0
Revaluations 0
Transfers 0
At 31 December 2022 200,000
Amortisation
At 01 January 2022 0
Charge for year 0
On disposals 0
Other adjustments 0
At 31 December 2022 0
Net book value
At 31 December 2022 200,000
At 31 December 2021 0

THE OM GROUP CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Tangible Assets

Total
Cost £
At 01 January 2022 69,872
Additions 97,678
Disposals 0
Revaluations 0
Transfers 0
At 31 December 2022 167,550
Depreciation
At 01 January 2022 0
Charge for year 37,216
On disposals 0
Other adjustments 0
At 31 December 2022 37,216
Net book value
At 31 December 2022 130,334
At 31 December 2021 69,872

THE OM GROUP CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Fixed investments

Refurbishment of new premises and training rooms. Investment in new Training Centre equipment.