OKOME_LTD_31_Mar_2025_companies_house_set_of

OKOME LTD

Statement of Financial Position

31 March 2025

		2025		2024
	Note	£		£
Fixed assets
Tangible assets	5	279,883		278,151
Current assets
Stocks		15,800		10,500
Debtors	6	111,451		72,394
Cash at bank and in hand		27,352		31,927
		154,603		114,821
Creditors: amounts falling due within one year	7	(289,918	)	(247,429	)
Net current liabilities		(135,315	)	(132,608	)
Total assets less current liabilities		144,568		145,543
Creditors: amounts falling due after more than one year	8	-		(14,859	)
Net assets		144,568		130,684
Capital and reserves
Called up share capital		1		1
Profit and loss account		144,567		130,683
Shareholders funds		144,568		130,684

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.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act 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.

In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.

These

financial statements

were approved by the board of directors and authorised for issue on

30 December 2025

, and are signed on behalf of the board by:



Ms Cailin Jiang	Ms Xia Zhang
Director	Director

Company registration number:

SC561140

OKOME LTD

Notes to the Financial Statements

Year ended

31 March 2025

1 General information

The company is a private company limited by shares and is registered in Scotland. The address of the registered office is

161 Byres Road

Glasgow

United Kingdom

G12 8TS

, United Kingdom.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Current tax

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.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant and machinery	15% straight line
Fixtures and fittings	15% straight line
Land and buildings	0%
Office equipment	15% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Defined contribution pension plan

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.

4 Average number of employees

The average number of persons employed by the company during the year was

(2024:

12.00

5 Tangible assets

	Land and buildings	Plant and machinery etc.	Total
	£	£	£
Cost
At 1 April 2024	242,245	116,948	359,193
Additions	-	22,675	22,675
At 31 March 2025	242,245	139,623	381,868
Depreciation
At 1 April 2024	-	81,042	81,042
Charge	-	20,943	20,943
At 31 March 2025	-	101,985	101,985
Carrying amount
At 31 March 2025	242,245	37,638	279,883
At 31 March 2024	242,245	35,906	278,151

6 Debtors

	2025	2024
	£	£
Trade debtors	96,717	8,453
Other debtors	14,734	63,941
	111,451	72,394

7 Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	-	10,139
Trade creditors	14,514	10,422
Taxation and social security	5,224	10,552
Other creditors	270,180	216,316
	289,918	247,429

8 Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans and overdrafts	-		14,859