OMS Technical Services Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05032166 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

OMS TECHNICAL SERVICES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M B Hetherington

SECRETARY:

Mrs E A Hetherington

REGISTERED OFFICE:

The Tower

Daltongate Business Centre

Ulverston

Cumbria

LA12 7AJ

REGISTERED NUMBER:

05032166 (England and Wales)

BANKERS:

Lloyds Bank plc

121-135 Dalton Road

Barrow-in-Furness

Cumbria

LA14 1HZ

FIXED ASSETS

Tangible assets

4

6,435

57,573

Investments

5

969,851

976,286

1,027,424

CURRENT ASSETS

Stocks

282,590

362,180

Debtors

295,105

1,189,518

Cash at bank

371,480

650,225

949,175

2,201,923

CREDITORS

Amounts falling due within one year

119,959

1,292,407

NET CURRENT ASSETS

829,216

909,516

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,805,502

1,936,940

CREDITORS

Amounts falling due after more than one
year

-

40,520

NET ASSETS

1,805,502

1,896,420

CAPITAL AND RESERVES

Called up share capital

6

100

Retained earnings

1,805,402

1,896,320

SHAREHOLDERS' FUNDS

1,805,502

1,896,420

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 December 2025 and were signed by:

Mr M B Hetherington - Director

1.	STATUTORY INFORMATION

OMS Technical Services Limited 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

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of goods and services as adjusted for accrued income, excluding VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Basic financial instruments

A financial asset held as an equity instrument is recognised initially at the transaction price (including transaction costs).

At the end of each reporting period, unlisted equity investments are recorded at fair value, where appropriate, or at cost less impairment if their fair value cannot be reliably measured. Objective evidence of the impairment of financial assets is assessed at each period end and any impairment loss recognised in the profit or loss immediately. Impairment loss is calculated as the difference between the carrying amount of the instrument and the best estimate of the cash flows expected to be derived from the asset (including sales proceeds if sold) at the balance sheet date.

Investment income is recognised in the financial statements when the company becomes entitled to its share of profits from the financial instrument.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

110,091

Additions

7,701

Disposals

(64,900

)

At 31 March 2025

52,892

DEPRECIATION

At 1 April 2024

52,518

Charge for year

6,919

Eliminated on disposal

(12,980

)

At 31 March 2025

46,457

NET BOOK VALUE

At 31 March 2025

6,435

At 31 March 2024

57,573

5.	FIXED ASSET INVESTMENTS

Investments held as fixed assets are stated at cost, together with subsequent capital contributions, less any provisions for impairment in value.

Investment income is recognised in the financial statements when the company becomes entitled to its share of profits from the fixed asset investment

Unlisted Investments: £969,851 (2024 £969,851)

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

100

Ordinary

£1

100

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

Mr M B Hetherington

Balance outstanding at start of year

928,449

1,104,648

Amounts advanced

76,341

-

Amounts repaid

(928,449

)

(176,199

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

76,341

928,449

During the financial year the director was charged £2,024 (2024: £22,618) interest on the loan which is unsecured and repayable on demand.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M B Hetherington.