Registered number: 08702500 | ||||||||
FOR THE YEAR ENDED 30/09/2024 | ||||||||
Prepared By: | ||||||||
DBR Accounts Ltd | ||||||||
Association of Chartered Certified Accountants | ||||||||
1 Station Court | ||||||||
Station Approach | ||||||||
Wickford | ||||||||
Essex | ||||||||
SS11 7AT |
OML (Partners) Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30/09/2024 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
Essex | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 08702500 | ||||||||
ACCOUNTANTS | ||||||||
DBR Accounts Ltd | ||||||||
Association of Chartered Certified Accountants | ||||||||
1 Station Court | ||||||||
Station Approach | ||||||||
Wickford | ||||||||
Essex | ||||||||
SS11 7AT |
OML (Partners) Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED30/09/2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
OML (Partners) Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 3 | |||||||||
Cash at bank and in hand | ||||||||||
95,634 | 94,326 | |||||||||
CREDITORS: Amounts falling due within one year | 4 | |||||||||
NET CURRENT LIABILITIES | ( | (18,062) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 6 | |||||||||
Profit and loss account | 29,958 | 4,159 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
OML (Partners) Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 30/09/2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. | ||||||||
Land And Buildings | straight line2% | |||||||
Fixtures And Fittings | reducing balance15% | |||||||
Equipment | reducing balance25% |
1c. Pension Costs | ||||||||
The company contributes to a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1d. Foreign Currency | ||||||||
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated. |
1e. Taxation | ||||||||
Taxation represents the tax currently payable. 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. |
1f. Financial Instruments | ||||||||
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. | ||||||||
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are initially measured at amortised cost. | ||||||||
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. |
OML (Partners) Limited | ||||||||
1g. Equity Instruments | ||||||||
Equity instruments issued by the company are recorded at fair value of proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company. |
2. TANGIBLE FIXED ASSETS | ||||||||
Land And | Fixtures | |||||||
Buildings | and Fittings | Equipment | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 01/10/2023 | 24,623 | 5,000 | 33,076 | 62,699 | ||||
Additions | 50,000 | - | - | 50,000 | ||||
At 30/09/2024 | 74,623 | 5,000 | 33,076 | 112,699 | ||||
Depreciation | ||||||||
At 01/10/2023 | 6,833 | 1,388 | 32,154 | 40,375 | ||||
For the year | 1,492 | 542 | 231 | 2,265 | ||||
At 30/09/2024 | 8,325 | 1,930 | 32,385 | 42,640 | ||||
Net Book Amounts | ||||||||
At 30/09/2024 | 70,059 | |||||||
At 30/09/2023 | 22,324 | |||||||
3. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 66,438 | 26,850 | ||||||
Other debtors | 2,713 | 1,723 | ||||||
69,151 | 28,573 | |||||||
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 42,707 | 35,134 | ||||||
VAT | 1,851 | 6,311 | ||||||
Directors current account | 76,537 | 7,244 | ||||||
Pension schemes | 12,000 | 61,317 | ||||||
Accruals | 2,537 | 2,382 | ||||||
135,632 | 112,388 | |||||||
OML (Partners) Limited | ||||||||
5. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 1 | |||||
6. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
1 | 1 | |||||||
1 | 1 | |||||||
1 | 1 | |||||||
103 | 103 | |||||||
7. CONTROLLING PARTY | ||||||||
C Ashdown is the ultimate controlling party by virtue of her sole directorship and majority ownership of the company's issued share capital. | ||||||||