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Company Registration No. 06830548 (England and Wales)
Ohms and Watts (Services) Ltd Unaudited accounts for the year ended 31 January 2024
Ohms and Watts (Services) Ltd Unaudited accounts Contents
Page
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Ohms and Watts (Services) Ltd Company Information for the year ended 31 January 2024
Director
M K Khan
Company Number
06830548 (England and Wales)
Registered Office
78 Long Chaulden Hemel Hempstead Hertfordshire HP1 2HX England
Accountants
Capital Accounting Solutions 277-279 Bethnal Green Road London E2 6AH
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Ohms and Watts (Services) Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,308 
8,410 
Current assets
Inventories
- 
3,150 
Debtors
52,318 
64,813 
Cash at bank and in hand
44,550 
9,835 
96,868 
77,798 
Creditors: amounts falling due within one year
(60,395)
(55,705)
Net current assets
36,473 
22,093 
Total assets less current liabilities
42,781 
30,503 
Creditors: amounts falling due after more than one year
(29,167)
(39,850)
Net assets/(liabilities)
13,614 
(9,347)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
13,613 
(9,348)
Shareholders' funds
13,614 
(9,347)
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 October 2024 and were signed on its behalf by
M K Khan Director Company Registration No. 06830548
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Ohms and Watts (Services) Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Ohms and Watts (Services) Ltd is a private company, limited by shares, registered in England and Wales, registration number 06830548. The registered office is 78 Long Chaulden, Hemel Hempstead, Hertfordshire, HP1 2HX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Straight Line
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 February 2023
23,715 
At 31 January 2024
23,715 
Depreciation
At 1 February 2023
15,305 
Charge for the year
2,102 
At 31 January 2024
17,407 
Net book value
At 31 January 2024
6,308 
At 31 January 2023
8,410 
5
Average number of employees
During the year the average number of employees was 8 (2023: 8).
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