Omnibright Limited 9409277 true 2017-02-01 2018-01-31 2018-01-31 The principal activity of the company is Consultancy services. Digita Accounts Production Advanced 6.21.8540.0 Software true N E Lazar 9409277 2017-02-01 2018-01-31 9409277 2018-01-31 9409277 bus:OrdinaryShareClass1 2018-01-31 9409277 core:RetainedEarningsAccumulatedLosses 2018-01-31 9409277 core:ShareCapital 2018-01-31 9409277 core:CurrentFinancialInstruments 2018-01-31 9409277 core:CurrentFinancialInstruments core:WithinOneYear 2018-01-31 9409277 core:FurnitureFittingsToolsEquipment 2018-01-31 9409277 bus:FRS102 2017-02-01 2018-01-31 9409277 bus:AuditExempt-NoAccountantsReport 2017-02-01 2018-01-31 9409277 bus:FullAccounts 2017-02-01 2018-01-31 9409277 bus:RegisteredOffice 2017-02-01 2018-01-31 9409277 bus:Director1 2017-02-01 2018-01-31 9409277 bus:OrdinaryShareClass1 2017-02-01 2018-01-31 9409277 bus:PrivateLimitedCompanyLtd 2017-02-01 2018-01-31 9409277 core:FurnitureFittingsToolsEquipment 2017-02-01 2018-01-31 9409277 core:OfficeEquipment 2017-02-01 2018-01-31 9409277 countries:AllCountries 2017-02-01 2018-01-31 9409277 2017-01-31 9409277 core:FurnitureFittingsToolsEquipment 2017-01-31 9409277 2017-01-31 9409277 bus:OrdinaryShareClass1 2017-01-31 9409277 core:RetainedEarningsAccumulatedLosses 2017-01-31 9409277 core:ShareCapital 2017-01-31 9409277 core:CurrentFinancialInstruments 2017-01-31 9409277 core:CurrentFinancialInstruments core:WithinOneYear 2017-01-31 9409277 core:FurnitureFittingsToolsEquipment 2017-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 9409277

Omnibright Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2018

Brooks Green
Chartered Accountants
Abbey House
342 Regents Park Road
London
N3 2LJ

 

Omnibright Limited

Profit and Loss Account for the Year Ended 31 January 2018

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Omnibright Limited

(Registration number: 9409277)
Balance Sheet as at 31 January 2018

Note

2018
£

2017
£

Fixed assets

 

Tangible assets

3

486

608

Current assets

 

Debtors

4

2,125

-

Cash at bank and in hand

 

-

1,756

 

2,125

1,756

Creditors: Amounts falling due within one year

6

(19,949)

(19,160)

Net current liabilities

 

(17,824)

(17,404)

Net liabilities

 

(17,338)

(16,796)

Capital and reserves

 

Called up share capital

7

100

100

Profit and loss account

(17,438)

(16,896)

Total equity

 

(17,338)

(16,796)

For the financial year ending 31 January 2018 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the director on 12 November 2018
 

.........................................

N E Lazar
Director

 

Omnibright Limited

Notes to the Financial Statements for the Year Ended 31 January 2018

1

General information

The company is a private company limited by share capital, incorporated in Englad and Wales.

The address of its registered office is:
342 Regents Park Road
Finchley
London
N3 2LJ

The principal place of business is:
16 Oakdene Park
London
N3 1EU

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Omnibright Limited

Notes to the Financial Statements for the Year Ended 31 January 2018

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Omnibright Limited

Notes to the Financial Statements for the Year Ended 31 January 2018

3

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2017

950

950

At 31 January 2018

950

950

Depreciation

At 1 February 2017

342

342

Charge for the year

122

122

At 31 January 2018

464

464

Carrying amount

At 31 January 2018

486

486

At 31 January 2017

608

608

4

Debtors

2018
£

2017
£

Other debtors

2,125

-

2,125

-

5

Cash and cash equivalents

2018
£

2017
£

Cash at bank

-

1,756

Bank overdrafts

(405)

-

Cash and cash equivalents in statement of cash flows

(405)

1,756

6

Creditors

Note

2018
£

2017
£

Due within one year

 

Loans and borrowings

8

405

-

Amounts due to related parties

-

36

Accruals

 

420

-

Income tax liability

19,124

19,124

 

19,949

19,160

 

Omnibright Limited

Notes to the Financial Statements for the Year Ended 31 January 2018

7

Share capital

Allotted, called up and fully paid shares

 

2018

2017

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         

8

Loans and borrowings

2018
£

2017
£

Current loans and borrowings

Bank overdrafts

405

-