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Company Registration No. 11400991 (England and Wales)
Ohso Technical Ltd Unaudited accounts for the year ended 30 June 2024
Ohso Technical Ltd Unaudited accounts Contents
Page
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Ohso Technical Ltd Company Information for the year ended 30 June 2024
Directors
Chris Beechend Tom Carroll David Morton
Company Number
11400991 (England and Wales)
Registered Office
Eternity House Eternity House 21-24 Hickman Avenue Highams Park London E4 9GA United Kingdom
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Ohso Technical Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,296 
2,992 
Investments
24,266 
- 
28,562 
2,992 
Current assets
Debtors
143,490 
122,289 
Cash at bank and in hand
30,182 
7,393 
173,672 
129,682 
Creditors: amounts falling due within one year
(195,593)
(321,401)
Net current liabilities
(21,921)
(191,719)
Total assets less current liabilities
6,641 
(188,727)
Creditors: amounts falling due after more than one year
(207,073)
(31,705)
Net liabilities
(200,432)
(220,432)
Capital and reserves
Called up share capital
100,000 
100,000 
Profit and loss account
(300,432)
(320,432)
Shareholders' funds
(200,432)
(220,432)
For the year ending 30 June 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by
Chris Beechend Director Company Registration No. 11400991
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Ohso Technical Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Ohso Technical Ltd is a private company, limited by shares, registered in England and Wales, registration number 11400991. The registered office is Eternity House Eternity House, 21-24 Hickman Avenue, Highams Park, London, E4 9GA, United Kingdom.
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.
Going concern
The Company has been given the continuing support of the directors and this will not be withdrawn. On this basis the director considers it appropriate to prepare the financial statements on a going concern basis.
Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: • the amount of revenue can be measured reliably; • it is probable that the Company will receive the consideration due under the contract; • the stage of completion of the contract at the end of the reporting period can be measured reliably; and • the costs incurred and the costs to complete the contract can be measured reliably.
Finance Costs
Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
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Ohso Technical Ltd Notes to the Accounts for the year ended 30 June 2024
Pension costs
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
Deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: • The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and • Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Tangible fixed assets and depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis: The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.
Plant & machinery
20% Straight line
Computer equipment
20% Straight line
Investments
Investments in subsidiaries are measured at cost less accumulated impairment.
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Ohso Technical Ltd Notes to the Accounts for the year ended 30 June 2024
Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
4,614 
6,220 
10,834 
Additions
557 
2,096 
2,653 
At 30 June 2024
5,171 
8,316 
13,487 
Depreciation
At 1 July 2023
3,140 
4,702 
7,842 
Charge for the year
618 
731 
1,349 
At 30 June 2024
3,758 
5,433 
9,191 
Net book value
At 30 June 2024
1,413 
2,883 
4,296 
At 30 June 2023
1,474 
1,518 
2,992 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 July 2023
- 
Additions
24,266 
Valuation at 30 June 2024
24,266 
The company holds 100% of the issued share capital of Amicom Limited, a company incorporated in England. The principal activity of the subsidiary is "Other information technology service activities". The investment is recorded at cost less any impairment.
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Ohso Technical Ltd Notes to the Accounts for the year ended 30 June 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
87,406 
61,570 
Deferred tax asset
53,830 
56,783 
Accrued income and prepayments
2,254 
3,936 
143,490 
122,289 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
6,626 
VAT
34,381 
18,617 
Trade creditors
47,746 
30,232 
Taxes and social security
33,956 
57,856 
Other creditors
10,504 
9,439 
Loans from directors
60,000 
197,000 
Accruals
2,000 
1,631 
Deferred income
7,006 
- 
195,593 
321,401 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
36,312 
31,705 
Loans from directors
160,907 
- 
Deferred income
9,854 
- 
207,073 
31,705 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1,000,000 Ordinary shares of £0.10 each
100,000 
100,000 
10
Pension commitments
At the year end, Pension Commitments of £5,761 were outstanding (2023: £1,548).
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Ohso Technical Ltd Notes to the Accounts for the year ended 30 June 2024
11
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Tom Carroll
197,000 
493,907 
470,000 
220,907 
197,000 
493,907 
470,000 
220,907 
At the balance sheet date, the director's loan account showed a balance of £220,907. (2023: £197,000). The loan is subject to an interest rate of 1% on principal amounts loaned and is repayable on demand. The director has confirmed that no formal repayment schedule exists. However, £60,000 of the balance is expected to be repaid within one year, with the remainder repayable after one year.
12
Average number of employees
During the year the average number of employees was 8 (2023: 8).
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