OEM Domestic Appliances Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04615910 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 September 2014

for

OEM Domestic Appliances Ltd

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2

FIXED ASSETS

Investments

2

1,160,381

1,160,381

CURRENT ASSETS

Debtors

(3

)

15,596

Cash at bank

34,821

24,202

34,818

39,798

CREDITORS

Amounts falling due within one year

1,350

1,349

NET CURRENT ASSETS

33,468

38,449

TOTAL ASSETS LESS CURRENT LIABILITIES

1,193,849

1,198,830

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

1,193,749

1,198,730

SHAREHOLDERS' FUNDS

1,193,849

1,198,830

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 22 January 2015 and were signed by:

B Johnson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 October 2013

and 30 September 2014

1,398,381

PROVISIONS

At 1 October 2013

and 30 September 2014

238,000

NET BOOK VALUE

At 30 September 2014

1,160,381

At 30 September 2013

1,160,381

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.14

30.9.13

value:

£

£

70

"A" ordinary

£ 1

70

70

5

"B" Ordinary

£1

5

5

25

"C" Ordinary

£1

25

25

100

100

The "B" and "C" ordinary shares rank pari passu with the "A" shares except in respect of dividends.

4.	SECURED DEBTS

Lloyds TSB Bank PLC have created three charges over the company.

The first charge was created on 2nd February 2004 and secured all monies due or to become due from the

company to the chargee on any account.

The second charge was created on 31st July 2009 and again secured all monies due or to become due from the

company to the chargee on any account by creating a fixed and floating charge over the undertaking and all

property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed

plant and machinery.

The third and final charge was created on 17th August 2009 and is a memorandum of pledge and hypothecation

of goods. and is secured on any documents and the goods (which include produce)(the "goods") to which they

relate where the bank, with the assent of the company and for the account of the company, receives and makes

advances or payments (whether by acceptance endorsement discount or negotiation of bills of exchange or in any

other matter) against such documents. Also, any monies which may from time to time become payable under all

or any of the insurance policies comprised in the goods.