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REGISTERED NUMBER: 05818616 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

OHM ELECTRICAL SERVICES LIMITED

OHM ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 05818616)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OHM ELECTRICAL SERVICES LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







Directors: Mr N Haughton
Mrs H Haughton





Registered office: 1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ





Registered number: 05818616 (England and Wales)





Accountants: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

OHM ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 05818616)

Balance Sheet
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,610 32,813

CURRENT ASSETS
Stocks 72,886 58,559
Debtors 5 87,200 90,644
160,086 149,203
CREDITORS
Amounts falling due within one year 6 189,803 247,427
NET CURRENT LIABILITIES (29,717 ) (98,224 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,107

)

(65,411

)

CREDITORS
Amounts falling due after more than one
year

7

69,605

69,521
NET LIABILITIES (74,712 ) (134,932 )

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings (74,714 ) (134,934 )
SHAREHOLDERS' FUNDS (74,712 ) (134,932 )

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

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

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





Mrs H Haughton - Director


OHM ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 05818616)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

OHM Electrical Services 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

OHM ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 05818616)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 8,196 53,493 61,689
DEPRECIATION
At 1 April 2023 6,504 22,372 28,876
Charge for year 423 7,780 8,203
At 31 March 2024 6,927 30,152 37,079
NET BOOK VALUE
At 31 March 2024 1,269 23,341 24,610
At 31 March 2023 1,692 31,121 32,813

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 53,493
DEPRECIATION
At 1 April 2023 22,372
Charge for year 7,780
At 31 March 2024 30,152
NET BOOK VALUE
At 31 March 2024 23,341
At 31 March 2023 31,121

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 41,625 42,923
Other debtors 45,575 47,721
87,200 90,644

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 13,105 26,596
Hire purchase contracts 8,543 7,659
Trade creditors 158,288 165,148
Taxation and social security (973 ) 33,227
Other creditors 10,840 14,797
189,803 247,427

OHM ELECTRICAL SERVICES LIMITED (REGISTERED NUMBER: 05818616)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 34,206 26,667
Hire purchase contracts 8,331 16,874
Other creditors 27,068 25,980
69,605 69,521

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary £1 2 2

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mr N Haughton and Mrs H Haughton
Balance outstanding at start of year 22,761 19,256
Amounts advanced 1,275 3,505
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,036 22,761