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Oma-Fix Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
Clouders (Audit & Accounts) Ltd
Chartered Certified Accountants
Charter House, 103-105 Leigh Road
Leigh-On-Sea
Essex
SS9 1JL
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
In accordance with the engagement letter, in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's director for our work or for this report.
You have acknowledged on the balance sheet as at year ended 30 November 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
28/08/2025
Clouders (Audit & Accounts) Ltd
Chartered Certified Accountants
Charter House, 103-105 Leigh Road
Leigh-On-Sea
Essex
SS9 1JL
Page 1
Page 2
Balance Sheet
Registered number: 13023458
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 18,507 354
18,507 354
CURRENT ASSETS
Stocks 5 283,892 259,495
Debtors 6 100,815 58,007
Cash at bank and in hand 76,292 5,902
460,999 323,404
Creditors: Amounts Falling Due Within One Year 7 (433,950 ) (315,698 )
NET CURRENT ASSETS (LIABILITIES) 27,049 7,706
TOTAL ASSETS LESS CURRENT LIABILITIES 45,556 8,060
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,516 ) (67 )
NET ASSETS 42,040 7,993
CAPITAL AND RESERVES
Called up share capital 8 400 400
Profit and Loss Account 41,640 7,593
SHAREHOLDERS' FUNDS 42,040 7,993
Page 2
Page 3
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
A D Law
Director
28/08/2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Oma-Fix Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13023458 . The registered office is Charter House, 103-105 London Road, Leigh-on-Sea, Essex, SS9 1JL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Equipment 25% Reducing balance
Motor Vehicles 25% Reducing balance
Computer Equipment 20% Reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
...CONTINUED
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2.5. Taxation - continued
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
4. Tangible Assets
Plant & Equipment Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2023 720 - - 720
Additions 1,230 53,803 2,608 57,641
Disposals - (36,303 ) - (36,303 )
As at 30 November 2024 1,950 17,500 2,608 22,058
Depreciation
As at 1 December 2023 366 - - 366
Provided during the period 234 5,587 217 6,038
Disposals - (2,853 ) - (2,853 )
As at 30 November 2024 600 2,734 217 3,551
Net Book Value
As at 30 November 2024 1,350 14,766 2,391 18,507
As at 1 December 2023 354 - - 354
5. Stocks
2024 2023
£ £
Stock 283,892 259,495
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Page 6
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 99,215 54,560
Prepayments and accrued income 1,600 -
Other debtors - 3,447
100,815 58,007
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,527 93
Corporation tax 3,750 1,229
Other taxes and social security 1,270 1,613
VAT 1,415 1,483
Other creditors 268,282 223,667
Accrued expenses & deferred income 79,373 12,283
Director's loan account 75,333 75,330
433,950 315,698
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 400 400
9. Related Party Transactions
During the year the company maintained a loan with QAM Skills Centre Limited. A director of this company is also a director of QAM Skills Centre Limited. At the year end a total of £81,026 (2023 £58,667) was owed to this company and is shown in other creditors.
The company also maintained a loan with Bus 62 Ltd and a director of this company is also a director of Bus 62 Ltd. At the year end a total of £187,256 (2023 £165,000) was owed to this company and is shown in other creditors. 
The company also traded with Bus 62 Ltd during the year and a total of £5,422 (2023 £498) of sales relate to Bus 62 Ltd. At the year end £5,422 (2023 £498) was outstanding and is shown in trade debtors. A total of £80 (2023 £nil) of expenses relate to Bus 62 Ltd and was outstanding at the year end and is shown in trade creditors.
10. Ultimate Controlling Party
The company is controlled by the director.
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