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COMPANY REGISTRATION NUMBER: 03514839
O H I Limited
Filleted Unaudited Abridged Financial Statements
31 July 2025
O H I Limited
Abridged Statement of Financial Position
31 July 2025
2025
2024
Note
£
£
£
Current assets
Debtors
667,053
Cash at bank and in hand
16,091
----
---------
683,144
Creditors: amounts falling due within one year
53,278
----
---------
Net current assets
629,866
----
---------
Total assets less current liabilities
629,866
----
---------
Net assets
629,866
----
---------
Capital and reserves
Called up share capital
4
4
Profit and loss account
( 4)
629,862
----
---------
Shareholders funds
629,866
----
---------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 July 2025 in accordance with Section 444(2A) of the Companies Act 2006.
O H I Limited
Abridged Statement of Financial Position (continued)
31 July 2025
These abridged financial statements were approved by the board of directors and authorised for issue on 1 September 2025 , and are signed on behalf of the board by:
Ms S B Shuttleworth
Director
Company registration number: 03514839
O H I Limited
Notes to the Abridged Financial Statements
Year ended 31 July 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 437 Central Drive, Blackpool, FY1 6LD, England.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on a breakup basis (also known as a liquidation basis) because the company has decided to cease trading and will be liquidated. Under the breakup basis, assets are valued at their realizable values, which may be lower than their carrying amounts under the going concern assumption. Liabilities are recognized based on the amounts expected to be settled during the liquidation process. As a result of the decision to cease trading, the company has written off all outstanding debtor balances and has reclassified any long-term assets to current assets where applicable. Liabilities have been adjusted to reflect expected settlement amounts. The financial statements reflect the position of the company as it is expected to wind up its affairs in an orderly manner. The company no longer expects to continue operations in the normal course, and the financial statements have been prepared with this in mind.
Going concern
The company has ceased trading, and its operations are in the process of being wound up. This follows the decision by the board of directors to cease trading. As the company is in the process of liquidation, the going concern assumption is no longer applicable. The financial statements have been prepared on the breakup basis, under which assets are recognized at their expected recoverable amounts, and liabilities are recognized at the amounts expected to be settled in the liquidation process.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Operating leases
Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
5 years straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Medical equipment
-
20% reducing balance
Motor vehicles
-
25% reducing balance
Office equipment
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2024: 3 ).
5. Intangible assets
£
Cost
At 1 August 2024
2,725
Disposals
( 2,725)
-------
At 31 July 2025
-------
Amortisation
At 1 August 2024
2,725
Disposals
( 2,725)
-------
At 31 July 2025
-------
Carrying amount
At 31 July 2025
-------
At 31 July 2024
-------