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REGISTERED NUMBER: 02004194 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

OEM Group Limited

OEM Group Limited (Registered number: 02004194)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OEM Group Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: R D Hill-Smith
G F Jones





REGISTERED OFFICE: Suite 2.1
The Mending Rooms
Park Valley Business Park
Huddersfield
HD4 7BH





REGISTERED NUMBER: 02004194 (England and Wales)





AUDITORS: Sutton McGrath Hartley
5 Westbrook Court
Sharrowvale Road
Sheffield
S11 8YZ

OEM Group Limited (Registered number: 02004194)

Balance Sheet
31 December 2024

31/12/24 31/12/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 226 327
Tangible assets 5 8,567 885
Investments 6 - 200
8,793 1,412

CURRENT ASSETS
Stocks 77,518 117,689
Debtors 7 229,801 239,985
Cash at bank and in hand 111,269 169,517
418,588 527,191
CREDITORS
Amounts falling due within one year 8 174,868 213,608
NET CURRENT ASSETS 243,720 313,583
TOTAL ASSETS LESS CURRENT
LIABILITIES

252,513

314,995

PROVISIONS FOR LIABILITIES 1,218 -
NET ASSETS 251,295 314,995

CAPITAL AND RESERVES
Called up share capital 90 90
Share premium 6,290 6,290
Retained earnings 244,915 308,615
251,295 314,995

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 Board of Directors and authorised for issue on 21 July 2025 and were signed on its behalf by:





G F Jones - Director


OEM Group Limited (Registered number: 02004194)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

OEM Group 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
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.

Trademarks are being amortised evenly over their estimate life of ten years.

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 - 33% on cost
Fixtures and fittings - Straight line over 5 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial assets
Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at the transaction value.

They are then subsequently carried at amortised cost using the effective interest rate method.

At the end of each reporting period financial assets are assessed for impairment. If an impairment exists the impairment loss is recognised in the income statement.

Financial assets are derecognised when:
- the contractual right to cash flows from the asset are settled or expire,
- substantially all the risk and rewards of the ownership of the asset are transferred to another party or
- despite retaining some significant risks and rewards, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset without additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors are initially recognised at the transaction value.

They are then subsequently carried at amortised cost using the effective interest rate method.

Financial liabilities are derecognised when the liability is discharged, cancelled or expires.


OEM Group Limited (Registered number: 02004194)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 2 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024 6,615
Disposals (5,406 )
At 31 December 2024 1,209
AMORTISATION
At 1 January 2024 6,288
Charge for year 102
Eliminated on disposal (5,407 )
At 31 December 2024 983
NET BOOK VALUE
At 31 December 2024 226
At 31 December 2023 327

OEM Group Limited (Registered number: 02004194)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 73,232
Additions 9,330
Disposals (70,575 )
At 31 December 2024 11,987
DEPRECIATION
At 1 January 2024 72,347
Charge for year 1,649
Eliminated on disposal (70,576 )
At 31 December 2024 3,420
NET BOOK VALUE
At 31 December 2024 8,567
At 31 December 2023 885

6. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 January 2024 200
Disposals (200 )
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 200

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade debtors 38,546 38,956
Amounts owed by related undertakings 187,139 170,418
Other debtors 4,116 30,611
229,801 239,985

OEM Group Limited (Registered number: 02004194)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade creditors 24,843 58,857
Amounts owed to group undertakings 119,560 100,000
Taxation and social security 21,115 43,751
Other creditors 9,350 11,000
174,868 213,608

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

James Salim FCCA (Senior Statutory Auditor)
for and on behalf of Sutton McGrath Hartley

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Perrin & Partners Ltd.