Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-315No description of principal activityfalsefalse2024-01-01true7trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09911141 2024-01-01 2024-12-31 09911141 2023-01-01 2023-12-31 09911141 2024-12-31 09911141 2023-12-31 09911141 c:Director1 2024-01-01 2024-12-31 09911141 c:Director2 2024-01-01 2024-12-31 09911141 c:RegisteredOffice 2024-01-01 2024-12-31 09911141 d:MotorVehicles 2024-01-01 2024-12-31 09911141 d:MotorVehicles 2024-12-31 09911141 d:MotorVehicles 2023-12-31 09911141 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 09911141 d:CurrentFinancialInstruments 2024-12-31 09911141 d:CurrentFinancialInstruments 2023-12-31 09911141 d:Non-currentFinancialInstruments 2024-12-31 09911141 d:Non-currentFinancialInstruments 2023-12-31 09911141 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 09911141 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09911141 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 09911141 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 09911141 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 09911141 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 09911141 d:ShareCapital 2024-12-31 09911141 d:ShareCapital 2023-12-31 09911141 d:SharePremium 2024-12-31 09911141 d:SharePremium 2023-12-31 09911141 d:RetainedEarningsAccumulatedLosses 2024-12-31 09911141 d:RetainedEarningsAccumulatedLosses 2023-12-31 09911141 c:FRS102 2024-01-01 2024-12-31 09911141 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09911141 c:FullAccounts 2024-01-01 2024-12-31 09911141 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09911141 d:WithinOneYear 2024-12-31 09911141 d:WithinOneYear 2023-12-31 09911141 d:BetweenOneFiveYears 2024-12-31 09911141 d:BetweenOneFiveYears 2023-12-31 09911141 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Company registration number: 09911141







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024


OM ELECTRICAL SERVICES LTD






































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OM ELECTRICAL SERVICES LTD
 


 
COMPANY INFORMATION


Directors
O A Mirza 
L Mallon 




Registered number
09911141



Registered office
Unit 19 Parsons Green Estate
Boulton Road

Stevenage

SG1 4QG




Accountants
Menzies LLP
Chartered Accountants

Richmond House

Walkern Road

Stevenage

Herts

SG1 3QP





 


OM ELECTRICAL SERVICES LTD
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 8


 


OM ELECTRICAL SERVICES LTD
REGISTERED NUMBER:09911141



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
103,929
90,911

  
103,929
90,911

Current assets
  

Debtors: amounts falling due within one year
 5 
853,508
518,672

Bank and cash balances
  
495,482
202,980

  
1,348,990
721,652

Creditors: amounts falling due within one year
 6 
(402,720)
(405,669)

Net current assets
  
 
 
946,270
 
 
315,983

Total assets less current liabilities
  
1,050,199
406,894

Creditors: amounts falling due after more than one year
  
(32,398)
(48,768)

Provisions for liabilities
  

Other provisions
  
(25,982)
(21,383)

  
 
 
(25,982)
 
 
(21,383)

Net assets
  
991,819
336,743


Capital and reserves
  

Called up share capital 
  
2
2

Share premium account
  
14,999
14,999

Profit and loss account
  
976,818
321,742

  
991,819
336,743


Page 1

 


OM ELECTRICAL SERVICES LTD
REGISTERED NUMBER:09911141


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
O A Mirza
Director

Date: 1 August 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 


OM ELECTRICAL SERVICES LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

OM Electrical Services Ltd 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.
The presentation currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 


OM ELECTRICAL SERVICES LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
20%
on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 4

 


OM ELECTRICAL SERVICES LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2023 - 5).


4.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


At 1 January 2024
116,833


Additions
39,163



At 31 December 2024

155,996



Depreciation


At 1 January 2024
25,922


Charge for the year on owned assets
26,145



At 31 December 2024

52,067



Net book value



At 31 December 2024
103,929



At 31 December 2023
90,911

Page 5

 


OM ELECTRICAL SERVICES LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
531,470
388,005

Other debtors
196,289
104,697

Prepayments and accrued income
13,711
6,821

Work in progress
112,038
19,149

853,508
518,672



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
123,484
73,770

Corporation tax
231,072
120,529

Other taxation and social security
11,318
22,968

Obligations under finance lease and hire purchase contracts
6,184
6,183

Other creditors
17,162
17,198

Accruals and deferred income
3,500
155,021

402,720
405,669


The following liabilities were secured:

2024
2023
£
£



Hire purchase
6,184
6,183

6,184
6,183

Details of security provided:

The hire purchase facility is secured over the company's asset.

Page 6

 


OM ELECTRICAL SERVICES LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
4,813
14,951

Net obligations under finance leases and hire purchase contracts
27,585
33,817

32,398
48,768


The following liabilities were secured:

2024
2023
£
£



Hire purchase
27,585
33,817

27,585
33,817

Details of security provided:

The hire purchase facility is secured over the company's asset.


8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
4,813
14,951


4,813
14,951



14,813
24,951


Page 7

 


OM ELECTRICAL SERVICES LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
15,101
11,000

Later than 1 year and not later than 5 years
26,470
35,750

41,571
46,750


10.


Transactions with directors

At the balance sheet date the company owed £16,410 (2023: £16,290) to the director. The balance can be found within creditors due within one year. No interest is being charged on this loan.

 
Page 8