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REGISTERED NUMBER: 07909596 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

A.S. OHM ELECTRICS LIMITED

A.S. OHM ELECTRICS LIMITED (REGISTERED NUMBER: 07909596)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 4


A.S. OHM ELECTRICS LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTOR: S S Peacock





REGISTERED OFFICE: 206 Endeavour House
Wrest Park
Silsoe
Bedfordshire
MK45 4HS





REGISTERED NUMBER: 07909596 (England and Wales)





ACCOUNTANTS: F E Hawkes & Co
206 Endeavour House
Wrest Park
Silsoe
Bedfordshire
MK45 4HS

A.S. OHM ELECTRICS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
A.S. OHM ELECTRICS LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2024 set out on pages four to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






F E Hawkes & Co
206 Endeavour House
Wrest Park
Silsoe
Bedfordshire
MK45 4HS


9 September 2024

A.S. OHM ELECTRICS LIMITED (REGISTERED NUMBER: 07909596)

BALANCE SHEET
31 January 2024

2023 2024
£    £    Notes £    £   
FIXED ASSETS
175 Tangible assets 5 131

CURRENT ASSETS
9,702 Cash at bank 4,410

CREDITORS
3,630 Amounts falling due within one year 6 2,758
6,072 NET CURRENT ASSETS 1,652
6,247 TOTAL ASSETS LESS CURRENT
LIABILITIES

1,783

44 PROVISIONS FOR LIABILITIES 34
6,203 NET ASSETS 1,749

CAPITAL AND RESERVES
100 Called up share capital 100
6,103 Retained earnings 1,649
6,203 SHAREHOLDERS' FUNDS 1,749

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 September 2024 and were signed by:





S S Peacock - Director


A.S. OHM ELECTRICS LIMITED (REGISTERED NUMBER: 07909596)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

A.S Ohm Electrics Ltd is a private company, limited by shares and registered in England and Wales.

The company's registered number and registered office address are as follows:

Registered number: 07909596

Registered office: 206 Endeavour House
Wrest Park
Silsoe
Bedfordshire
MK45 4HS

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

The principal activity of the company in the year under review was that of electrical installation to commercial and private properties.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

As with most businesses the company continue to be impacted by the Coronavirus (Covid 19).

The pandemic, along with the restrictions on business has had an impact on the company's operations, customers, suppliers and staff. The company has utilised the grants and benefits available from the Government and are taking all the steps the company can to protect the future of its business
.
Although the total impact is still uncertain the directors believe that it is appropriate to prepare the accounts on a going concern basis.

Government grants are shown in the accounts on the date they are receivable

Significant judgements and estimates
No significant judgements or estimates have had to be made by the directors in preparing these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 25% on reducing balance

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.


A.S. OHM ELECTRICS LIMITED (REGISTERED NUMBER: 07909596)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024


3. ACCOUNTING POLICIES - continued
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 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 February 2023
and 31 January 2024 1,293
DEPRECIATION
At 1 February 2023 1,118
Charge for year 44
At 31 January 2024 1,162
NET BOOK VALUE
At 31 January 2024 131
At 31 January 2023 175

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 723 1,779
Social security & other taxes 40 40
Directors' loan accounts 758 758
Accrued expenses 1,237 1,053
2,758 3,630