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REGISTERED NUMBER: 06596040 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

O.S. COMMS LIMITED

O.S. COMMS LIMITED (REGISTERED NUMBER: 06596040)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


O.S. COMMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr Paul Cooper
Mr Hezekiah Jason Okoh





REGISTERED OFFICE: Fountain House
Fountain Lane
Oldbury
B69 3BH





REGISTERED NUMBER: 06596040 (England and Wales)





ACCOUNTANTS: Bayar Hughes & Co
Chartered Certified Accountants
4 Green Lane Business Park
238 Green lane
New Eltham
London
SE9 3TL

O.S. COMMS LIMITED (REGISTERED NUMBER: 06596040)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 338,066 26,847
Investments 5 817,065 817,065
1,155,131 843,912

CURRENT ASSETS
Stocks 197,046 178,445
Debtors 6 278,854 379,171
Cash at bank and in hand 157,048 57,147
632,948 614,763
CREDITORS
Amounts falling due within one year 7 353,918 349,895
NET CURRENT ASSETS 279,030 264,868
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,434,161

1,108,780

CREDITORS
Amounts falling due after more than one
year

8

(286,177

)

(4,880

)

PROVISIONS FOR LIABILITIES (83,830 ) (4,464 )
NET ASSETS 1,064,154 1,099,436

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 1,064,054 1,099,336
SHAREHOLDERS' FUNDS 1,064,154 1,099,436

O.S. COMMS LIMITED (REGISTERED NUMBER: 06596040)

BALANCE SHEET - continued
31 MAY 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 2 December 2024 and were signed on its behalf by:





Mr Paul Cooper - Director


O.S. COMMS LIMITED (REGISTERED NUMBER: 06596040)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

O.S. Comms 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

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.
Plant and Machinery - 25% on reducing balance
Furnishing & Fittings - 25% on reducing balance

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.

O.S. COMMS LIMITED (REGISTERED NUMBER: 06596040)

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

2. ACCOUNTING POLICIES - continued

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 11 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and Furnishing Motor
Machinery & Fittings vehicles Totals
£    £    £    £   
COST
At 1 June 2023 286,368 9,839 - 296,207
Additions 16,897 251 406,760 423,908
At 31 May 2024 303,265 10,090 406,760 720,115
DEPRECIATION
At 1 June 2023 262,996 6,364 - 269,360
Charge for year 10,067 932 101,690 112,689
At 31 May 2024 273,063 7,296 101,690 382,049
NET BOOK VALUE
At 31 May 2024 30,202 2,794 305,070 338,066
At 31 May 2023 23,372 3,475 - 26,847

Included in the above are fixed assets held for leasing with a net book value of £12,367.(2023: £16,489). Original cost of these assets were £261,549 and the accumulated depreciation to date is £249,183.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 406,760
At 31 May 2024 406,760
DEPRECIATION
Charge for year 101,690
At 31 May 2024 101,690
NET BOOK VALUE
At 31 May 2024 305,070

O.S. COMMS LIMITED (REGISTERED NUMBER: 06596040)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2023
and 31 May 2024 817,065
NET BOOK VALUE
At 31 May 2024 817,065
At 31 May 2023 817,065

O.S. Comms Limited has invested in Cartel Communications Limited and and Scalpay Limited

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 172,071 236,249
Other debtors 16,414 53,928
188,485 290,177

Amounts falling due after more than one year:
Amounts owed by associates 90,369 88,994

Aggregate amounts 278,854 379,171

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 14,463 -
Trade creditors 160,695 178,726
Taxation and social security 70,725 145,499
Other creditors 108,035 25,670
353,918 349,895

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 281,297 -
Amounts owed to associates 4,880 4,880
286,177 4,880

O.S. COMMS LIMITED (REGISTERED NUMBER: 06596040)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1.00 100 100

10. RESERVES
Retained
earnings
£   

At 1 June 2023 1,099,336
Profit for the year 156,718
Dividends (192,000 )
At 31 May 2024 1,064,054

11. ULTIMATE CONTROLLING PARTY

In the opinion of the director Mr Jason Okoh who holds 60% of the company shares is the company's ultimate controller.