Ohmworld Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09195914

Ohmworld Ltd

Filleted Unaudited Financial Statements

31 March 2025

Ohmworld Ltd

Financial Statements

Year ended 31 March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Ohmworld Ltd

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		3,529	688

Current assets

Debtors	6	12,354	10,474
Cash at bank and in hand		14,356	17,750
		--------	--------
		26,710	28,224

Creditors: amounts falling due within one year	7	29,994		28,134
		--------		--------
Net current (liabilities)/assets			( 3,284)	90
			-------	----
Total assets less current liabilities			245	778
			----	----
Net assets			245	778
			----	----

Capital and reserves

Called up share capital	1	1
Profit and loss account	244	777
	----	----
Shareholders funds	245	778
	----	----

These 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 statement of income and retained earnings has not been delivered.

For the year ending 31 March 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 financial statements for the year in question in accordance with section 476 ;

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

Ohmworld Ltd

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 27 December 2025 , and are signed on behalf of the board by:

Mr J E Butler
Director

Company registration number: 09195914

Ohmworld Ltd

Notes to the Financial Statements

Year ended 31 March 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 86-90 Paul Street, London, EC2A 4NE.

2. Statement of compliance

These 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 the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no issues regarding going concern due to the continued support of the directors and therefore the accounts have been prepared this basis.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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:

Plant and machinery	-	25% straight line
Equipment	-	25% straight line

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Tangible assets

	Plant and machinery	Equipment	Total
	£	£	£
Cost
At 1 April 2024	13,287	4,287	17,574
Additions	3,748	–	3,748
	--------	-------	--------
At 31 March 2025	17,035	4,287	21,322
	--------	-------	--------
Depreciation
At 1 April 2024	12,599	4,287	16,886
Charge for the year	907	–	907
	--------	-------	--------
At 31 March 2025	13,506	4,287	17,793
	--------	-------	--------
Carrying amount
At 31 March 2025	3,529	–	3,529
	--------	-------	--------
At 31 March 2024	688	–	688
	--------	-------	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	2,928	1,260
Other debtors	9,426	9,214
	--------	--------
	12,354	10,474
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	1,613	203
Corporation tax	6,491	8,113
Social security and other taxes	5,875	5,646
Other creditors	16,015	14,172
	--------	--------
	29,994	28,134
	--------	--------

8. Related party transactions

At the year end the director owed the company £9,426 (2024: £9,214).