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REGISTERED NUMBER: 08243582 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Omega Sky Limited
T/A
Wallsauce.com

Omega Sky Limited (Registered number: 08243582)
T/A Wallsauce.com






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Omega Sky Limited
T/A Wallsauce.com

Company Information
for the Year Ended 31 January 2023







DIRECTORS: A J Fairhurst
A J Gerraty





REGISTERED OFFICE: Suite 46
Manor Court
Salesbury Hall Road
Ribchester
Lancashire
PR3 3XR





REGISTERED NUMBER: 08243582 (England and Wales)





ACCOUNTANTS: Egan Roberts Limited
Accountants
Suite 46
Manor Court
Salesbury Hall Road
Ribchester
Lancashire
PR3 3XR

Omega Sky Limited (Registered number: 08243582)
T/A Wallsauce.com

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 109,173 128,362
Property, plant and equipment 5 197,919 6,948
307,092 135,310

CURRENT ASSETS
Inventories 16,429 -
Debtors 6 61,452 31,068
Cash at bank 81,126 34,913
159,007 65,981
CREDITORS
Amounts falling due within one year 7 800,767 313,120
NET CURRENT LIABILITIES (641,760 ) (247,139 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(334,668

)

(111,829

)

CAPITAL AND RESERVES
Called up share capital 9 256 256
Share premium 10 439,375 439,375
Retained earnings 10 (774,299 ) (551,460 )
SHAREHOLDERS' FUNDS (334,668 ) (111,829 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Omega Sky Limited (Registered number: 08243582)
T/A Wallsauce.com

Balance Sheet - continued
31 January 2023


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 Board of Directors and authorised for issue on 9 October 2023 and were signed on its behalf by:





A J Gerraty - Director


Omega Sky Limited (Registered number: 08243582)
T/A Wallsauce.com

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Omega Sky 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.

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

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - NIL ) .

Omega Sky Limited (Registered number: 08243582)
T/A Wallsauce.com

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2022 302,762
Additions 796
At 31 January 2023 303,558
AMORTISATION
At 1 February 2022 174,400
Charge for year 19,985
At 31 January 2023 194,385
NET BOOK VALUE
At 31 January 2023 109,173
At 31 January 2022 128,362

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 February 2022 - 4,300 18,971 23,271
Additions 184,580 18,056 - 202,636
At 31 January 2023 184,580 22,356 18,971 225,907
DEPRECIATION
At 1 February 2022 - 2,494 13,829 16,323
Charge for year 6,478 2,394 2,793 11,665
At 31 January 2023 6,478 4,888 16,622 27,988
NET BOOK VALUE
At 31 January 2023 178,102 17,468 2,349 197,919
At 31 January 2022 - 1,806 5,142 6,948

Omega Sky Limited (Registered number: 08243582)
T/A Wallsauce.com

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 13,333 12,859
Directors' current accounts 2,500 -
VAT 8,821 -
Prepayments and accrued income 36,798 18,209
61,452 31,068

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 13,536 -
Other loans 509,472 95,254
Trade creditors 187,625 133,185
Social security and other taxes 12,156 11,921
VAT - 5,828
Other creditors 35,288 34,602
Directors' current accounts - 4,000
Accrued expenses 42,690 28,330
800,767 313,120

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   

The loan is secured by a fixed and floating charge over the assets of the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
128,150 Ordinary 0.002 256 256

Omega Sky Limited (Registered number: 08243582)
T/A Wallsauce.com

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

10. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 February 2022 (551,460 ) 439,375 (112,085 )
Deficit for the year (222,839 ) (222,839 )
At 31 January 2023 (774,299 ) 439,375 (334,924 )