O&M Market Ltd - Filleted accounts

Registered number

09947191

O&M Market Ltd

Filleted Accounts

31 January 2026

O&M Market Ltd
Registered number:		09947191
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		3,230			272

Current assets
Stocks		234,234			200,728
Debtors	4	3,797			2,371
Cash at bank and in hand		54,112			86,120
		292,143			289,219

Creditors: amounts falling due within one year	5	(196,128)			(234,874)

Net current assets			96,015			54,345

Net assets			99,245			54,617

Capital and reserves
Called up share capital			2			2
Profit and loss account			99,243			54,615

Shareholders' funds			99,245			54,617

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Olga Ikaneviciene
Director
Approved by the board on 14 October 2026

O&M Market Ltd
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 4 years
	Fixtures, fittings, tools and equipment	over 4 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price).

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Where material deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			8		8


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 February 2025	29,480		13,200		42,680
	Additions	4,306		-		4,306
	At 31 January 2026	33,786		13,200		46,986

	Depreciation
	At 1 February 2025	29,208		13,200		42,408
	Charge for the year	1,348		-		1,348
	At 31 January 2026	30,556		13,200		43,756

	Net book value
	At 31 January 2026	3,230		-		3,230
	At 31 January 2025	272		-		272


4	Debtors			2026		2025
£					£

	Other debtors			3,797		2,371


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Trade creditors			6,101		10,882
	Taxation and social security costs			9,082		17,211
	Other creditors			180,945		206,781
				196,128		234,874


6	Other information

	O&M Market Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	11 Witham Place
	Boston
	PE21 6LG