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REGISTERED NUMBER: 08350037 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

OM2 CARE LTD

OM2 CARE LTD (REGISTERED NUMBER: 08350037)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 January 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


OM2 CARE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 January 2023







DIRECTORS: B Patel
Mrs D Patel
R Patel





REGISTERED OFFICE: 27 Brighton Road
Coulsdon
CR5 2BF





REGISTERED NUMBER: 08350037 (England and Wales)





ACCOUNTANTS: B S Patel & Co
1b Bourne End Road
Northwood
Middlesex
HA6 3BP

OM2 CARE LTD (REGISTERED NUMBER: 08350037)

STATEMENT OF FINANCIAL POSITION
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,033 37,542

CURRENT ASSETS
Debtors 5 172,718 110,099
Cash at bank and in hand 3,409 104,328
176,127 214,427
CREDITORS
Amounts falling due within one year 6 132,358 130,691
NET CURRENT ASSETS 43,769 83,736
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,802

121,278

PROVISIONS FOR LIABILITIES - 120
NET ASSETS 73,802 121,158

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 73,801 121,157
SHAREHOLDERS' FUNDS 73,802 121,158

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

OM2 CARE LTD (REGISTERED NUMBER: 08350037)

STATEMENT OF FINANCIAL POSITION - continued
31 January 2023


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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2023 and were signed on its behalf by:





B Patel - Director


OM2 CARE LTD (REGISTERED NUMBER: 08350037)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 January 2023

1. STATUTORY INFORMATION

OM2 CARE LTD 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 (£).


The company provides home care services.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

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 sales of goods and services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at the transaction price.Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

OM2 CARE LTD (REGISTERED NUMBER: 08350037)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 January 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2022 - 29 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 February 2022
and 31 January 2023 13,269 104,233 117,502
DEPRECIATION
At 1 February 2022 10,074 69,886 79,960
Charge for year 639 6,870 7,509
At 31 January 2023 10,713 76,756 87,469
NET BOOK VALUE
At 31 January 2023 2,556 27,477 30,033
At 31 January 2022 3,195 34,347 37,542

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 172,674 110,099
Other debtors 44 -
172,718 110,099

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors 6,661 6,272
Taxation and social security 11,684 16,899
Other creditors 114,013 107,520
132,358 130,691

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
1 Ordinary £1 1 1

OM2 CARE LTD (REGISTERED NUMBER: 08350037)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 January 2023

8. RESERVES
Retained
earnings
£   

At 1 February 2022 121,157
Profit for the year 42,644
Dividends (90,000 )
At 31 January 2023 73,801

Retained Earnings
Includes all current and prior period retained profits.

9. RELATED PARTY DISCLOSURES

Transactions with the Director:
At the year end, the company owes £8,985 (2022: £3,985) to the director, Mr B Patel.

Related party transactions:
Mr B Patel is director and shareholder in OM Care Ltd and as such it is considered a related party. At the year end, the company owes £68,858 (2021: £77,543) to OM Care Limited.