Company registration number 01454177 (England and Wales)
OHMEGA LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
OHMEGA LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
OHMEGA LIMITED
BALANCE SHEET
AS AT
30 APRIL 2025
30 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
40,555
43,581
Current assets
Stocks
1,425
1,575
Debtors
5
18,075
14,635
Cash at bank and in hand
168,229
172,897
187,729
189,107
Creditors: amounts falling due within one year
6
(13,074)
(19,038)
Net current assets
174,655
170,069
Total assets less current liabilities
215,210
213,650
Provisions for liabilities
(1,150)
(1,440)
Net assets
214,060
212,210
Capital and reserves
Called up share capital
750
750
Capital redemption reserve
250
250
Profit and loss reserves
213,060
211,210
Total equity
214,060
212,210

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 19 July 2025
Mr T J Perkins
Director
Company registration number 01454177 (England and Wales)
OHMEGA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 2 -
1
Accounting policies
Company information

Ohmega Limited is a private company limited by shares incorporated in England and Wales. The registered office is Murrills House, 48 East Street, Portchester, Hampshire, England, PO16 9XS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

1.2
Turnover

Turnover represents amounts receivable for sales net of VAT.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% straight line
Plant and equipment
25% reducing balance
Fixtures and fittings
25% reducing balance
Computers
25% straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

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

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

OHMEGA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 3 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
OHMEGA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 4 -
4
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 May 2024
75,000
37,957
36,471
1,585
25,907
176,920
Additions
-
0
-
0
-
0
667
-
0
667
At 30 April 2025
75,000
37,957
36,471
2,252
25,907
177,587
Depreciation and impairment
At 1 May 2024
39,000
35,411
35,915
1,320
21,693
133,339
Depreciation charged in the year
1,500
637
139
364
1,053
3,693
At 30 April 2025
40,500
36,048
36,054
1,684
22,746
137,032
Carrying amount
At 30 April 2025
34,500
1,909
417
568
3,161
40,555
At 30 April 2024
36,000
2,546
556
265
4,214
43,581
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
17,161
13,439
Other debtors
914
1,196
18,075
14,635
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
-
0
1,210
Corporation tax
5,767
11,830
Other taxation and social security
6,038
4,786
Other creditors
1,269
1,212
13,074
19,038
2025-04-302024-05-01falsefalsefalse19 July 2025CCH SoftwareCCH Accounts Production 2025.200No description of principal activityMr Timothy James Perkins014541772024-05-012025-04-30014541772025-04-30014541772024-04-3001454177core:LandBuildingscore:OwnedOrFreeholdAssets2025-04-3001454177core:PlantMachinery2025-04-3001454177core:FurnitureFittings2025-04-3001454177core:ComputerEquipment2025-04-3001454177core:MotorVehicles2025-04-3001454177core:LandBuildingscore:OwnedOrFreeholdAssets2024-04-3001454177core:PlantMachinery2024-04-3001454177core:FurnitureFittings2024-04-3001454177core:ComputerEquipment2024-04-3001454177core:MotorVehicles2024-04-3001454177core:CurrentFinancialInstrumentscore:WithinOneYear2025-04-3001454177core:CurrentFinancialInstrumentscore:WithinOneYear2024-04-3001454177core:ShareCapital2025-04-3001454177core:ShareCapital2024-04-3001454177core:CapitalRedemptionReserve2025-04-3001454177core:CapitalRedemptionReserve2024-04-3001454177core:RetainedEarningsAccumulatedLosses2025-04-3001454177core:RetainedEarningsAccumulatedLosses2024-04-3001454177bus:Director12024-05-012025-04-3001454177core:LandBuildingscore:OwnedOrFreeholdAssets2024-05-012025-04-3001454177core:PlantMachinery2024-05-012025-04-3001454177core:FurnitureFittings2024-05-012025-04-3001454177core:ComputerEquipment2024-05-012025-04-3001454177core:MotorVehicles2024-05-012025-04-30014541772023-05-012024-04-3001454177core:LandBuildingscore:OwnedOrFreeholdAssets2024-04-3001454177core:PlantMachinery2024-04-3001454177core:FurnitureFittings2024-04-3001454177core:ComputerEquipment2024-04-3001454177core:MotorVehicles2024-04-30014541772024-04-3001454177core:CurrentFinancialInstruments2025-04-3001454177core:CurrentFinancialInstruments2024-04-3001454177core:WithinOneYear2025-04-3001454177core:WithinOneYear2024-04-3001454177bus:PrivateLimitedCompanyLtd2024-05-012025-04-3001454177bus:SmallCompaniesRegimeForAccounts2024-05-012025-04-3001454177bus:FRS1022024-05-012025-04-3001454177bus:AuditExemptWithAccountantsReport2024-05-012025-04-3001454177bus:FullAccounts2024-05-012025-04-30xbrli:purexbrli:sharesiso4217:GBP