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Company Registration No. 9813877 (England and Wales)
OMF ELECTRICAL LTD Unaudited accounts for the year ended 31 October 2023
OMF ELECTRICAL LTD Unaudited accounts Contents
Page
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OMF ELECTRICAL LTD Company Information for the year ended 31 October 2023
Director
Mr Lee Fletcher
Company Number
9813877 (England and Wales)
Registered Office
52 Seaton Way Mapperley Notts NG3 5xb
Accountants
BFS Accountants Ltd The Willows Southwell Road West Mansfield Nottinghamshire NG21 0HJ
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OMF ELECTRICAL LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,803 
13,091 
Current assets
Debtors
23,089 
29,601 
Cash at bank and in hand
18,794 
11,738 
41,883 
41,339 
Creditors: amounts falling due within one year
(14,012)
(22,190)
Net current assets
27,871 
19,149 
Net assets
35,674 
32,240 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
35,673 
32,239 
Shareholders' funds
35,674 
32,240 
For the year ending 31 October 2023 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 director acknowledges his 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 and authorised for issue on 29 July 2024 and were signed on its behalf by
Mr Lee Fletcher Director Company Registration No. 9813877
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OMF ELECTRICAL LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
OMF ELECTRICAL LTD is a private company, limited by shares, registered in England and Wales, registration number 9813877. The registered office is 52 Seaton Way, Mapperley, Notts, NG3 5xb.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
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% Straight Line
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2022
6,414 
14,590 
2,079 
23,083 
At 31 October 2023
6,414 
14,590 
2,079 
23,083 
Depreciation
At 1 November 2022
5,294 
3,648 
1,050 
9,992 
Charge for the year
1,120 
3,648 
520 
5,288 
At 31 October 2023
6,414 
7,296 
1,570 
15,280 
Net book value
At 31 October 2023
- 
7,294 
509 
7,803 
At 31 October 2022
1,120 
10,942 
1,029 
13,091 
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OMF ELECTRICAL LTD Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
(2,135)
3,107 
Other debtors
25,224 
26,494 
23,089 
29,601 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
- 
1,613 
Taxes and social security
14,012 
20,577 
14,012 
22,190 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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