THE OM GROUP CORPORATION LIMITED

Company Registration Number:
08418915 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

THE OM GROUP CORPORATION LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

THE OM GROUP CORPORATION LIMITED

Balance sheet

As at 31 December 2024


Notes

2024

2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 685,000 325,000
Tangible assets: 4 195,000 142,100
Investments: 5 45,000 38,001
Total fixed assets: 925,000 505,101
Current assets
Stocks: 450,000 380,000
Debtors: 6 630,400 276,676
Cash at bank and in hand: 250,145 167,898
Investments:   0 0
Total current assets: 1,330,545 824,574
Creditors: amounts falling due within one year:   (335,550) (112,089)
Net current assets (liabilities): 994,995 712,485
Total assets less current liabilities: 1,919,995 1,217,586
Creditors: amounts falling due after more than one year:   (244,550) (208,900)
Provision for liabilities: (425,000) (402,008)
Total net assets (liabilities): 1,250,445 606,678
Capital and reserves
Called up share capital: 10 10
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 1,250,435 606,668
Shareholders funds: 1,250,445 606,678

The notes form part of these financial statements

THE OM GROUP CORPORATION LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 03 July 2025
and signed on behalf of the board by:

Name: D Sharma
Status: Director

The notes form part of these financial statements

THE OM GROUP CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

THE OM GROUP CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 20 20

THE OM GROUP CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Intangible Assets

Total
Cost £
At 01 January 2024 325,000
Additions 400,000
Disposals 0
Revaluations 0
Transfers 0
At 31 December 2024 725,000
Amortisation
At 01 January 2024 0
Charge for year 40,000
On disposals 0
Other adjustments 0
At 31 December 2024 40,000
Net book value
At 31 December 2024 685,000
At 31 December 2023 325,000

THE OM GROUP CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Tangible Assets

Total
Cost £
At 01 January 2024 142,100
Additions 87,957
Disposals 0
Revaluations 0
Transfers 0
At 31 December 2024 230,057
Depreciation
At 01 January 2024 0
Charge for year 35,057
On disposals 0
Other adjustments 0
At 31 December 2024 35,057
Net book value
At 31 December 2024 195,000
At 31 December 2023 142,100

THE OM GROUP CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Fixed investments

The net book value of tangible fixed assets at 1 January 2024 was £142,100. During the year, the company acquired £87,957 of additional tangible fixed assets, primarily related to IT infrastructure and operational equipment. A depreciation charge of £35,057 was applied in line with the company's depreciation policy. The net book value at 31 December 2024 was £195,000.

THE OM GROUP CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Debtors

Trade and other debtors at the balance sheet date relate primarily to amounts receivable from commercial and public sector clients. All balances are due within one year and are considered fully recoverable. The increase in debtor balances during the period reflects the company’s expanded service delivery and higher levels of contracted work. No provision for doubtful debts has been made, as the company has assessed all receivables as collectable within normal credit terms.