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REGISTERED NUMBER: 11145834 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

OMTECH SERVICES LIMITED

OMTECH SERVICES LIMITED (REGISTERED NUMBER: 11145834)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OMTECH SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: L Miller
J M C Raven





REGISTERED OFFICE: 162-164 High Street
Rayleigh
Essex
SS6 7BS





REGISTERED NUMBER: 11145834 (England and Wales)





ACCOUNTANTS: ESW Chartered Accountants
162-164 High Street
Rayleigh
Essex
SS6 7BS

OMTECH SERVICES LIMITED (REGISTERED NUMBER: 11145834)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 208,403 176,256

CURRENT ASSETS
Debtors 5 326,458 68,201
Cash at bank and in hand 102,749 346,099
429,207 414,300
CREDITORS
Amounts falling due within one year 6 (188,416 ) (52,201 )
NET CURRENT ASSETS 240,791 362,099
TOTAL ASSETS LESS CURRENT
LIABILITIES

449,194

538,355

PROVISIONS FOR LIABILITIES 7 (1,453 ) (1,604 )
NET ASSETS 447,741 536,751

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 447,641 536,651
SHAREHOLDERS' FUNDS 447,741 536,751

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

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

OMTECH SERVICES LIMITED (REGISTERED NUMBER: 11145834)

BALANCE SHEET - continued
31ST MARCH 2024


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 Board of Directors and authorised for issue on 21st October 2024 and were signed on its behalf by:




L Miller - Director



J M C Raven - Director


OMTECH SERVICES LIMITED (REGISTERED NUMBER: 11145834)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

OmTech 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.
Development land - not provided
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

OMTECH SERVICES LIMITED (REGISTERED NUMBER: 11145834)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the company are recorded at the 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.

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.


OMTECH SERVICES LIMITED (REGISTERED NUMBER: 11145834)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Development and Computer
land fittings equipment Totals
£    £    £    £   
COST
At 1st April 2023 167,812 3,420 22,568 193,800
Additions 34,780 - - 34,780
At 31st March 2024 202,592 3,420 22,568 228,580
DEPRECIATION
At 1st April 2023 - 1,496 16,048 17,544
Charge for year - 481 2,152 2,633
At 31st March 2024 - 1,977 18,200 20,177
NET BOOK VALUE
At 31st March 2024 202,592 1,443 4,368 208,403
At 31st March 2023 167,812 1,924 6,520 176,256

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 321,730 34,278
Other debtors 4,728 33,923
326,458 68,201

OMTECH SERVICES LIMITED (REGISTERED NUMBER: 11145834)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 104,710 58,958
Taxation and social security 48,147 (18,945 )
Other creditors 35,559 12,188
188,416 52,201

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,453 1,604

Deferred
tax
£   
Balance at 1st April 2023 1,604
Accelerated capital allowances (151 )
Balance at 31st March 2024 1,453

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1st April 2023 536,651
Profit for the year 124,990
Dividends (214,000 )
At 31st March 2024 447,641

OMTECH SERVICES LIMITED (REGISTERED NUMBER: 11145834)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
L Miller
Balance outstanding at start of year (1,601 ) (2,876 )
Amounts advanced - 1,275
Amounts repaid (1,900 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,501 ) (1,601 )

J M C Raven
Balance outstanding at start of year 28,691 (3,259 )
Amounts advanced - 31,950
Amounts repaid (29,405 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (714 ) 28,691

Negative balances shown above represent amounts due to the company directors as disclosed in current liabilities.

11. RELATED PARTY DISCLOSURES

During the period the company entered into the following transactions with related parties:

Expenses from related parties

Party 2024 2023 Relationship
£ £
Ravtech Limited 104,420 134,229 Common officers and ownership
Miller Commercial Consulting Limited 94,680 134,310 Common officers and ownership
OmTech Properties Limited - 167,812 Common officers and ownership

Other debtors include balances due from related parties:

Party 2024 2023 Relationship
£ £
OmTech Properties Limited 1,550 - Common officers and ownership

Other creditors include balances due from related parties:

Party 2024 2023 Relationship
£ £
Miller Commercial Consulting Limited 25,000 - Common officers and ownership