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REGISTERED NUMBER: 07808879 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

OEM COMPUTER SYSTEMS LIMITED

OEM COMPUTER SYSTEMS LIMITED (REGISTERED NUMBER: 07808879)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OEM COMPUTER SYSTEMS LIMITED

COMPANY INFORMATION
for the Year Ended 31 October 2023







DIRECTOR: S M K Jones





REGISTERED OFFICE: Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY





REGISTERED NUMBER: 07808879 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

OEM COMPUTER SYSTEMS LIMITED (REGISTERED NUMBER: 07808879)

BALANCE SHEET
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,763 11,952

CURRENT ASSETS
Debtors 5 18,927 37,238
Cash at bank 5,878 6,341
24,805 43,579
CREDITORS
Amounts falling due within one year 6 53,456 56,428
NET CURRENT LIABILITIES (28,651 ) (12,849 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(22,888

)

(897

)

CREDITORS
Amounts falling due after more than one
year

7

9,915

15,810
NET LIABILITIES (32,803 ) (16,707 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (32,805 ) (16,709 )
SHAREHOLDERS' FUNDS (32,803 ) (16,707 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

OEM COMPUTER SYSTEMS LIMITED (REGISTERED NUMBER: 07808879)

BALANCE SHEET - continued
31 October 2023


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 director and authorised for issue on 19 August 2024 and were signed by:





S M K Jones - Director


OEM COMPUTER SYSTEMS LIMITED (REGISTERED NUMBER: 07808879)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023


1. STATUTORY INFORMATION

OEM Computer Systems 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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.

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.

Going concern
The financial statements are prepared on a going concern basis. This assumes that the company will continue in operational existence for the foreseeable future, due ot the continued support of the director.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

OEM COMPUTER SYSTEMS LIMITED (REGISTERED NUMBER: 07808879)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 33,293
Additions 2,847
At 31 October 2023 36,140
DEPRECIATION
At 1 November 2022 21,341
Charge for year 9,036
At 31 October 2023 30,377
NET BOOK VALUE
At 31 October 2023 5,763
At 31 October 2022 11,952

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 18,927 37,238

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,000 6,000
Trade creditors 3,677 12,545
Taxation and social security 14,497 12,207
Other creditors 29,282 25,676
53,456 56,428

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 9,915 15,810

OEM COMPUTER SYSTEMS LIMITED (REGISTERED NUMBER: 07808879)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023


8. RELATED PARTY DISCLOSURES

At 31 October 2023 other creditors include loans made to the company by its directors as follows, the loans are interest free with no fixed date for repayments:
20232022
£   £   

S M K Jones1,4521,296
M A E GIbbons1,4511,295

In addition:

S M K Jones (director) is the director of Michael F Jones Associates Limited. During the year the following transactions happened between the entities:
20232022
£   £   

Sales to Michael F Jones Associates Limited--
Services and purchases from Michael F Jones Associates Limited25,47341,137
Balance included in trade debtors at the year end--
Balance included in trade creditors at the year end--


M A E Gibbons (director) is also a director of Office Equipment Marketing Limited, a company registered in England. During the year the following transactions happened between the companies:
20232022
£   £   

Sales to Office Equipment Marketing Limited--
Services and purchases from Office Equipment Marketing Limited11.41718,417
Balance included in trade debtors at the year end--
Balance included in trade creditors at the year end--

9. CONTROLLING PARTY

The controlling party is the directors.