Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 10532377 Mr R Perry Mrs V Perry Robert Perry false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10532377 2022-12-31 10532377 2023-12-31 10532377 2023-01-01 2023-12-31 10532377 frs-core:CurrentFinancialInstruments 2023-12-31 10532377 frs-core:Non-currentFinancialInstruments 2023-12-31 10532377 frs-core:FurnitureFittings 2023-12-31 10532377 frs-core:FurnitureFittings 2023-01-01 2023-12-31 10532377 frs-core:FurnitureFittings 2022-12-31 10532377 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-12-31 10532377 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10532377 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-31 10532377 frs-core:MotorVehicles 2023-12-31 10532377 frs-core:MotorVehicles 2023-01-01 2023-12-31 10532377 frs-core:MotorVehicles 2022-12-31 10532377 frs-core:ShareCapital 2023-12-31 10532377 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10532377 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10532377 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 10532377 frs-bus:SmallEntities 2023-01-01 2023-12-31 10532377 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10532377 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10532377 1 2023-01-01 2023-12-31 10532377 frs-bus:Director1 2023-01-01 2023-12-31 10532377 frs-bus:Director1 2022-12-31 10532377 frs-bus:Director1 2023-12-31 10532377 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 10532377 frs-countries:EnglandWales 2023-01-01 2023-12-31 10532377 2021-12-31 10532377 2022-12-31 10532377 2022-01-01 2022-12-31 10532377 frs-core:CurrentFinancialInstruments 2022-12-31 10532377 frs-core:Non-currentFinancialInstruments 2022-12-31 10532377 frs-core:ShareCapital 2022-12-31 10532377 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 10532377
Ohms Electrical Contracting Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Naylor Accountancy Services Ltd
25 Hursley Road
Chandler's Ford
Eastleigh
Hampshire
SO53 2FS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10532377
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,156 13,398
8,156 13,398
CURRENT ASSETS
Debtors 5 143,382 100,094
Cash at bank and in hand 99,901 31,016
243,283 131,110
Creditors: Amounts Falling Due Within One Year 6 (64,299 ) (54,224 )
NET CURRENT ASSETS (LIABILITIES) 178,984 76,886
TOTAL ASSETS LESS CURRENT LIABILITIES 187,140 90,284
Creditors: Amounts Falling Due After More Than One Year 7 (15,833 ) (25,833 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (1,550 ) (2,546 )
NET ASSETS 169,757 61,905
CAPITAL AND RESERVES
Called up share capital 9 101 101
Profit and Loss Account 169,656 61,804
SHAREHOLDERS' FUNDS 169,757 61,905
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr R Perry
Director
31st August 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ohms Electrical Contracting Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10532377 . The registered office is 31 Beechwood Gardens, Southampton, SO18 4JU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and serrvices provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 10% Straight line
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 33% Straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.5. Pensions
Payments to defined contribution retirement benefits schemes are charged as an expense as they fall due.
2.6. Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.7. Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2023 5,754 30,944 2,129 38,827
Additions - - 4,132 4,132
Disposals - (30,544 ) - (30,544 )
As at 31 December 2023 5,754 400 6,261 12,415
Depreciation
As at 1 January 2023 576 22,724 2,129 25,429
Provided during the period 575 18 632 1,225
Disposals - (22,395 ) - (22,395 )
As at 31 December 2023 1,151 347 2,761 4,259
Net Book Value
As at 31 December 2023 4,603 53 3,500 8,156
As at 1 January 2023 5,178 8,220 - 13,398
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 30,587 34,066
Other debtors 112,795 66,028
143,382 100,094
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 5,864 16,112
Bank loans and overdrafts 10,000 10,000
Other creditors 1,298 1,418
Taxation and social security 47,137 26,694
64,299 54,224
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 15,833 25,833
Page 4
Page 5
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2023 2022
£ £
Other timing differences 1,550 2,546
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 101 101
2022
2021
2022
2021
Ordinary share capital Issued and fully paid
Number
Number
£
£
Ordinary A shares of £ each
100
100
100
100
Ordinary B shares of £ eacg
1
1
1
1
101
image
101
image
101
image
101
image
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Robert Perry 21,267 105,392 (57,138 ) - 69,521
The above loan is unsecured, interest free and repayable on demand.
Dividends paid to directors
2023 2022
£ £
Mr R Perry 40,500 38,000
11. Controlling Party
The ultimate  controlling party is the director, Robert Perry by virtue of his sharehodings.
Page 5