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Registered number: 03738036
OMICRON electronics UK Limited
Financial Statements
For The Year Ended 31 December 2024
Deans
Gibson House Hurricane Close
Stafford
Staffordshire
ST16 1GZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03738036
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 2,663
Tangible Assets 5 4,307,544 2,900,321
4,307,544 2,902,984
CURRENT ASSETS
Debtors 6 420,493 435,435
Cash at bank and in hand 573,748 286,079
994,241 721,514
Creditors: Amounts Falling Due Within One Year 7 (187,853 ) (134,508 )
NET CURRENT ASSETS (LIABILITIES) 806,388 587,006
TOTAL ASSETS LESS CURRENT LIABILITIES 5,113,932 3,489,990
Creditors: Amounts Falling Due After More Than One Year 8 (3,640,000 ) (2,040,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (53,868 ) (41,278 )
NET ASSETS 1,420,064 1,408,712
CAPITAL AND RESERVES
Called up share capital 9 12,500 12,500
Profit and Loss Account 1,407,564 1,396,212
SHAREHOLDERS' FUNDS 1,420,064 1,408,712
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These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr D Brazier
Director
2 May 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
OMICRON electronics UK Limited is a private company, limited by shares, registered in England & Wales.  The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of 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.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.  The policies adopted for the recognition of turnover are as follows:
Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from the leasing of equipment and the provision of training services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by the period over which the equipment is leased and the period over which the training is provided. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.
Interest
Interest income is recognised using the effective interest method.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. 
Computer software is being amortised evenly over its estimated useful life of three years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation.  Cost includes costs directly attributable to making the asset capable of operating as intended.  Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.
Freehold 2% on cost
Plant & Machinery 15% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 15% on reducing balance
2.5. Foreign Currencies
Foreign currency transactions are initially recognised by applying to the foreign currency amount the spot exchange rate between the function currency and the foreign currency at the date of the transaction.
Monetary assets and liabilities denominated in a foreign currency at the balance sheet date are translated using the closing rate.
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2.6. 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.
2.7. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.  Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
2.8. Employee benefits
When employees have rendered service to the company, short ­term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.
2.9. Leases
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 17 (2023: 16)
17 16
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 7,990
As at 31 December 2024 7,990
Amortisation
As at 1 January 2024 5,327
Provided during the period 2,663
As at 31 December 2024 7,990
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 2,663
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5. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 January 2024 2,977,523 324,342 3,301,865
Additions 1,398,621 87,152 1,485,773
As at 31 December 2024 4,376,144 411,494 4,787,638
Depreciation
As at 1 January 2024 261,585 139,959 401,544
Provided during the period 37,820 40,730 78,550
As at 31 December 2024 299,405 180,689 480,094
Net Book Value
As at 31 December 2024 4,076,739 230,805 4,307,544
As at 1 January 2024 2,715,938 184,383 2,900,321
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 46,856 242,053
Prepayments and accrued income 66,580 81,185
Other debtors 10,171 41,857
VAT 168,136 2,245
Amounts owed by group undertakings 128,750 68,095
420,493 435,435
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 40,612 18,198
Corporation tax 6,612 3,358
Other taxes and social security 36,270 30,346
Other creditors 15,735 8,825
Pension creditor 8,815 8,236
Accruals and deferred income 79,809 65,545
187,853 134,508
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to group undertakings 3,640,000 2,040,000
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9. Share Capital
2024 2023
Allotted, called up but not fully paid £ £
12,500 Ordinary Shares of £ 1.00 each 12,500 12,500
10. Other Commitments
Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £71,787 (2023 £121,877).
11. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature, we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
12. Ultimate Controlling Party
The Parent Company of OMICRON electronics UK Limited is OMICRON electronics Gmbh, a company incorporated in Austria, whose registered office is OMICRON electronics Gmbh, Oberes Ried 1, 6833 Klaus, Austria.
13. Audit Information
The auditor's report on the accounts of OMICRON electronics UK Limited for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Richard Stonier (Senior Statutory Auditor) for and on behalf of Deans Accountants , Statutory Auditor.
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