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REGISTERED NUMBER: 07759422 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Om Creatives Limited

Om Creatives Limited (Registered number: 07759422)

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Om Creatives Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: Mr R D Gorasia





REGISTERED OFFICE: 164 Mollison Way
Edgware
Middlesex
HA8 5QZ





REGISTERED NUMBER: 07759422 (England and Wales)





ACCOUNTANTS: L P Patel & Co Limited
Accountants & Tax Advisers
164 Mollison Way
Edgware
Middlesex
HA8 5QZ

Om Creatives Limited (Registered number: 07759422)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 70,263 61,901

CURRENT ASSETS
Debtors 5 12,168 9,984
Cash at bank and in hand 39,564 39,070
51,732 49,054
CREDITORS
Amounts falling due within one year 6 48,889 42,163
NET CURRENT ASSETS 2,843 6,891
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,106

68,792

CREDITORS
Amounts falling due after more than one
year

7

38,167

48,167
NET ASSETS 34,939 20,625

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 34,839 20,525
SHAREHOLDERS' FUNDS 34,939 20,625

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

Om Creatives Limited (Registered number: 07759422)

Balance Sheet - continued
30 September 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 director and authorised for issue on 18 June 2025 and were signed by:





Mr R D Gorasia - Director


Om Creatives Limited (Registered number: 07759422)

Notes to the Financial Statements
for the Year Ended 30 September 2024


1. STATUTORY INFORMATION

Om Creatives 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
Revenue 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.
Stage props and equipment - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Om Creatives Limited (Registered number: 07759422)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


4. PROPERTY, PLANT AND EQUIPMENT
Stage Fixtures
props and and Motor Computer
equipment fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 212,612 12,040 7,000 3,155 234,807
Additions 25,927 - - - 25,927
At 30 September 2024 238,539 12,040 7,000 3,155 260,734
DEPRECIATION
At 1 October 2023 159,423 4,185 6,399 2,899 172,906
Charge for year 15,823 - 1,691 51 17,565
At 30 September 2024 175,246 4,185 8,090 2,950 190,471
NET BOOK VALUE
At 30 September 2024 63,293 7,855 (1,090 ) 205 70,263
At 30 September 2023 53,189 7,855 601 256 61,901

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 12,168 9,984

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 5,002 1,165
Taxation and social security 19,218 9,996
Other creditors 14,669 21,002
48,889 42,163

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 9,167 19,167
Other creditors 29,000 29,000
38,167 48,167

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 29,000 29,000

Om Creatives Limited (Registered number: 07759422)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


8. DEFERRED TAX
£   
Balance at 1 October 2023 (1,375 )
Accelerated capital allowances (85 )
Balance at 30 September 2024 (1,460 )

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
100 Ordinary £1.00 100 100

10. RESERVES
Retained
earnings
£   

At 1 October 2023 20,525
Profit for the year 26,314
Dividends (12,000 )
At 30 September 2024 34,839