Organised Mechanical Solutions Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05803347 (England and Wales)

Unaudited Financial Statements

for the Period 31 May 2020 to 31 May 2021

for

Organised Mechanical Solutions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Certified Accountants' Report

6

DIRECTOR:

Mr A M Stevens

SECRETARY:

Mrs M C Stevens

REGISTERED OFFICE:

Unit 6, St George Square

Portsmouth

Hampshire

PO1 3EY

REGISTERED NUMBER:

05803347 (England and Wales)

ACCOUNTANTS:

Henry Thomas Advisory

Chartered Certified Accountants

Unit 6

St Georges Square

Portsmouth

Hampshire

PO1 3EY

FIXED ASSETS

Intangible assets

4

95,429

-

Tangible assets

5

2,452

3,065

97,881

3,065

CURRENT ASSETS

Debtors

6

103,918

168,956

Cash at bank

11,045

10,781

114,963

179,737

CREDITORS

Amounts falling due within one year

7

182,299

71,451

NET CURRENT (LIABILITIES)/ASSETS

(67,336

)

108,286

TOTAL ASSETS LESS CURRENT LIABILITIES

30,545

111,351

CREDITORS

Amounts falling due after more than one year

8

-

90,000

NET ASSETS

30,545

21,351

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

30,544

21,350

30,545

21,351

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2021 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.

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

The financial statements were approved by the director and authorised for issue on 31 May 2022 and were signed by:

Mr A M Stevens - Director

1.	STATUTORY INFORMATION

Organised Mechanical Solutions 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents the amount derived from ordinary activities, stated after discounts, value added tax and any other sales taxes, where applicable. Turnover is the value of work performed during the year with respect to services.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the asset over its useful economic life;

Plant and machinery - 20% straight line basis

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and subsequently measured at amortised cost using the effective interest

method. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2020 - 1 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

95,429

At 31 May 2021

95,429

NET BOOK VALUE

At 31 May 2021

95,429

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 31 May 2020

and 31 May 2021

3,065

DEPRECIATION

Charge for period

613

At 31 May 2021

613

NET BOOK VALUE

At 31 May 2021

2,452

At 30 May 2020

3,065

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.21

30.5.20

£

£

Trade debtors

102,417

-

Other debtors

1,501

168,956

103,918

168,956

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.21

30.5.20

£

£

Bank loans and overdrafts

20,500

20,500

Trade creditors

44,236

-

Taxation and social security

4,774

16,315

Other creditors

112,789

34,636

182,299

71,451

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.21

30.5.20

£

£

Other creditors

-

90,000

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Organised Mechanical Solutions Limited for the period ended 31 May 2021 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Organised Mechanical Solutions Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Organised Mechanical Solutions Limited and state those matters that we have agreed to state to the director of Organised Mechanical Solutions Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Organised Mechanical Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Organised Mechanical Solutions Limited. You consider that Organised Mechanical Solutions Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Organised Mechanical Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Henry Thomas Advisory

Chartered Certified Accountants

Unit 6

St Georges Square

Portsmouth

Hampshire

PO1 3EY

Date: .............................................