OM SOLUTIONS & SERVICES LTD - Accounts

OM SOLUTIONS & SERVICES LTD - Accounts

OM SOLUTIONS & SERVICES LTD - Company Information

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Registered Number: 09901166
England and Wales

 

 

 


Report of the Director and Unaudited Financial Statements

for the year ended 31 December 2023

for

OM SOLUTIONS & SERVICES LTD

OM SOLUTIONS & SERVICES LTD
Statement of financial position
As at 31 December 2023
 
 		 Notes
 		 2023
£		   2022
£
Fixed assets
Tangible fixed assets 2 143,270    143,270 
143,270    143,270 
 
Current assets
Debtors 3 109,402    43,620 
Financial assets 4 231,687    231,683 
Cash at bank and in hand 85,224    44,907 
426,313    320,210 
Creditors: amount falling due within one year 5 (176,951)   (160,287)
Net current assets 249,362    159,923 
 
Total assets less current liabilities 392,632    303,193 
Net assets 392,632    303,193 
 

Capital and reserves
Called up share capital 20    20 
Profit and loss account 6 392,612    303,173 
Shareholders fund 392,632    303,193 
 
For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the companies act 2006.
  2. 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
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime of Part 15 of the Companies Act 2006.
Signed on behalf of the board of directors:


----------------------------------
Ansu Sureshkumar Goyal
Director		----------------------------------
Suresh Kumar Goyal
Director

Date approved: 26 February 2024
1

OM SOLUTIONS & SERVICES LTD
Notes to the accounts
For the year ended 31 December 2023

Statutory Information
OM SOLUTIONS & SERVICES LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 09901166, registration address 3 Fairford Close, Solihull, West Midlands, B91 1JF, United Kingdom.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
2.

Tangible fixed assets

Cost or Valuation Freehold property   Total
  £   £
At 01 January 2023 143,270    143,270 
Additions -    - 
Disposals -    - 
At 31 December 2023 143,270    143,270 
Depreciation
At 01 January 2023 -    - 
Charge for year -    - 
On disposals -    - 
At 31 December 2023 -    - 
Net book values
Closing balance as at 31 December 2023 143,270    143,270 
Opening balance as at 01 January 2023 143,270    143,270 

3.

Debtors: amounts falling due within one year

2023
£		   2022
£
Trade debtors 92,310    43,620 
Other debtors 17,092    - 
109,402    43,620 
4.

Financial assets

2023
£		   2022
£
Other 231,687    231,683 
231,687    231,683 
5.

Creditors: amount falling due within one year

2023
£		   2022
£
Trade creditors 41,490    - 
Bank Loan & overdraft 76,637    98,374 
Corporation tax 58,236    54,108 
Social security & other tax 588    7,805 
176,951    160,287 
6.

Profit and loss account

  2023
£
Balance at 01 January 2023 303,173 
Profit for the year 189,439 
Equity dividend paid (100,000)
Balance at 31 December 2023 392,612 

7.

Average number of employees

Average number of employees during the year was 2  (2022: 2).
2