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REGISTERED NUMBER: 03457780 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Oemeta (Uk) Limited

Oemeta (Uk) Limited (Registered number: 03457780)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Oemeta (Uk) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: T Vester
D J Woodford
Ms K Clulow





SECRETARY: Ms K Clulow





REGISTERED OFFICE: Bramley House 39 Main Road
Middleton Cheney
Banbury
Oxfordshire
OX17 2ND





REGISTERED NUMBER: 03457780 (England and Wales)





AUDITORS: Handleys Accountants Limited
10 Manor Park
Banbury
Oxfordshire
OX16 3TB

Oemeta (Uk) Limited (Registered number: 03457780)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 70,670 37,135

CURRENT ASSETS
Stocks 361,401 331,305
Debtors 5 482,235 508,462
Cash at bank 443,498 261,503
1,287,134 1,101,270
CREDITORS
Amounts falling due within one year 6 353,492 468,006
NET CURRENT ASSETS 933,642 633,264
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,004,312

670,399

PROVISIONS FOR LIABILITIES 3,956 3,956
NET ASSETS 1,000,356 666,443

CAPITAL AND RESERVES
Called up share capital 8 10,000 10,000
Retained earnings 990,356 656,443
SHAREHOLDERS' FUNDS 1,000,356 666,443

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 March 2024 and were signed on its behalf by:





D J Woodford - Director


Oemeta (Uk) Limited (Registered number: 03457780)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Oemeta (Uk) 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of value added tax and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. For sales of goods, the turnover is shown net of distribution and carriage charges.

Revenue from sale of goods is recognised when significant risks and rewards of ownership have been transferred to the buyer, when the amount of revenue can be measured reliably, when it is probable that the economic benefits associated with the transaction will flow to the entity and when the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from sale of services is recognised when the stage of completion of the transaction can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - at varying rates on cost

Government grants
Government grants are recognised when it is reasonable to expect that the grants will be received and that all related conditions will be met, usually on submission of a valid claim for payment. Government grants in respect of capital expenditure are credited to a deferred income account and are released as income by equal annual amounts over the expected useful lives of the relevant assets. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

Oemeta (Uk) Limited (Registered number: 03457780)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Stocks
Stocks are stated at the lower of cost and estimated selling price, less costs to sell. Cost is determined using the FIFO costing method.

The cost of finished goods and work in progress compromises direct materials and, where applicable, direct labour costs and overheads that have been incurred in bringing the stock to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to sell; the impairment loss is recognised immediately in the Statement of Profit or Loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 10 ) .

Oemeta (Uk) Limited (Registered number: 03457780)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 128,102
Additions 67,918
Disposals (55,368 )
At 31 December 2023 140,652
DEPRECIATION
At 1 January 2023 90,967
Charge for year 23,343
Eliminated on disposal (44,328 )
At 31 December 2023 69,982
NET BOOK VALUE
At 31 December 2023 70,670
At 31 December 2022 37,135

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 463,582 476,788
Other debtors 18,653 31,674
482,235 508,462

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 31,874 62,132
Amounts owed to group undertakings - 140,146
Taxation and social security 234,400 199,824
Other creditors 87,218 65,904
353,492 468,006

Oemeta (Uk) Limited (Registered number: 03457780)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 80,781 57,517
Between one and five years 104,687 116,937
185,468 174,454

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
10,000 Ordinary 1 10,000 10,000

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr David Handley (Senior Statutory Auditor)
for and on behalf of Handleys Accountants Limited

10. ULTIMATE CONTROLLING PARTY

Group accounts are not publicly available.

The company's immediate parent is Oemeta Chemische Werke Gmbh, incorporated in Germany.

The parent of the largest group in which these financial statements are consolidated is Oemeta Chemische Werke Gmbh, incorporated in Germany.

The parent of the smallest group in which these financial statements are consolidated is Oemeta Chemische Werke Gmbh, incorporated in Germany.