OCM Business Systems Limited 02185809 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is supplying and installing computer equipment. Digita Accounts Production Advanced 6.30.9574.0 true true 02185809 2024-04-01 2025-03-31 02185809 2025-03-31 02185809 core:CapitalRedemptionReserve 2025-03-31 02185809 core:RetainedEarningsAccumulatedLosses 2025-03-31 02185809 core:ShareCapital 2025-03-31 02185809 core:SharePremium 2025-03-31 02185809 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2025-03-31 02185809 core:CurrentFinancialInstruments 2025-03-31 02185809 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 02185809 core:FurnitureFittingsToolsEquipment 2025-03-31 02185809 core:LandBuildings 2025-03-31 02185809 core:MotorVehicles 2025-03-31 02185809 bus:SmallEntities 2024-04-01 2025-03-31 02185809 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 02185809 bus:FilletedAccounts 2024-04-01 2025-03-31 02185809 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 02185809 bus:RegisteredOffice 2024-04-01 2025-03-31 02185809 bus:CompanySecretary1 2024-04-01 2025-03-31 02185809 bus:Director2 2024-04-01 2025-03-31 02185809 bus:Director6 2024-04-01 2025-03-31 02185809 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02185809 core:FurnitureFittings 2024-04-01 2025-03-31 02185809 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 02185809 core:LandBuildings 2024-04-01 2025-03-31 02185809 core:MotorVehicles 2024-04-01 2025-03-31 02185809 countries:UnitedKingdom 2024-04-01 2025-03-31 02185809 2024-03-31 02185809 core:FurnitureFittingsToolsEquipment 2024-03-31 02185809 core:LandBuildings 2024-03-31 02185809 core:MotorVehicles 2024-03-31 02185809 2023-04-01 2024-03-31 02185809 2024-03-31 02185809 core:CapitalRedemptionReserve 2024-03-31 02185809 core:RetainedEarningsAccumulatedLosses 2024-03-31 02185809 core:ShareCapital 2024-03-31 02185809 core:SharePremium 2024-03-31 02185809 core:CurrentFinancialInstruments 2024-03-31 02185809 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 02185809 core:FurnitureFittingsToolsEquipment 2024-03-31 02185809 core:LandBuildings 2024-03-31 02185809 core:MotorVehicles 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 02185809

OCM Business Systems Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

OCM Business Systems Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

OCM Business Systems Limited

Company Information

Directors

J E Gilbert-Woods

R Done

Company secretary

P M Pyne

Registered office

2 Ascot Road
Pershore
Worcs
WR10 2JJ

Accountants

Ballards LLP
Chartered Accountants
Oakmoore Court
11C Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH

 

OCM Business Systems Limited

(Registration number: 02185809)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

872,945

946,704

Other financial assets

5

272,634

264,897

 

1,145,579

1,211,601

Current assets

 

Stocks

6

50,760

96,081

Debtors

7

61,411

118,054

Cash at bank and in hand

 

1,156,319

907,336

 

1,268,490

1,121,471

Creditors: Amounts falling due within one year

8

(988,258)

(768,424)

Net current assets

 

280,232

353,047

Total assets less current liabilities

 

1,425,811

1,564,648

Provisions for liabilities

(43,868)

(57,408)

Net assets

 

1,381,943

1,507,240

Capital and reserves

 

Called up share capital

74

74

Share premium reserve

198

198

Capital redemption reserve

48

48

Retained earnings

1,381,623

1,506,920

Shareholders' funds

 

1,381,943

1,507,240

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

OCM Business Systems Limited

(Registration number: 02185809)
Balance Sheet as at 31 March 2025

Approved and authorised by the Board on 4 August 2025 and signed on its behalf by:
 

.........................................
J E Gilbert-Woods
Director

   
     
 

OCM Business Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
2 Ascot Road
Pershore
Worcs
WR10 2JJ
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

OCM Business Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

2% on cost

Fixtures and fittings

20% reducing balance

Motor vehicles

25% reducing balance

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

OCM Business Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

OCM Business Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 23 (2024 - 24).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2024

786,464

388,950

207,745

1,383,159

Additions

-

5,767

-

5,767

At 31 March 2025

786,464

394,717

207,745

1,388,926

Depreciation

At 1 April 2024

105,546

214,468

116,441

436,455

Charge for the year

12,000

37,936

29,590

79,526

At 31 March 2025

117,546

252,404

146,031

515,981

Carrying amount

At 31 March 2025

668,918

142,313

61,714

872,945

At 31 March 2024

680,918

174,482

91,304

946,704

Included within the net book value of land and buildings above is £668,918 (2024 - £680,918) in respect of freehold land and buildings.
 

 

OCM Business Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 April 2024

264,897

264,897

Fair value adjustments

7,737

7,737

At 31 March 2025

272,634

272,634

Carrying amount

At 31 March 2025

272,634

272,634

6

Stocks

2025
£

2024
£

Other inventories

50,760

96,081

7

Debtors

Current

2025
£

2024
£

Trade debtors

40,154

93,625

Prepayments

21,257

24,429

 

61,411

118,054

 

OCM Business Systems Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Trade creditors

 

611,969

491,718

Amounts owed to group undertakings and undertakings in which the company has a participating interest

135,000

-

Taxation and social security

 

173,197

212,603

Accruals and deferred income

 

52,050

61,328

Other creditors

 

16,042

2,775

 

988,258

768,424