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Registration number: 07517655

Omnis Engineering Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2022

 

Omnis Engineering Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 7

 

Omnis Engineering Limited

Company Information

Director

Mr SI Brooks

Registered office

Unit 8 Fairoak Court
Whitehouise Industrial Estate
Runcorn
Warrington
WA7 3DX

Accountants

EKWilliams Accountants Limited
1 Pavilion Square
Westhoughton
Bolton
Bolton
BL5 3AJ

 

Omnis Engineering Limited

(Registration number: 07517655)
Balance Sheet as at 31 December 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

4

57,779

35,833

Current assets

 

Debtors

5

77,230

83,254

Cash at bank and in hand

 

187,599

15,904

 

264,829

99,158

Creditors: Amounts falling due within one year

6

(198,714)

(85,911)

Net current assets

 

66,115

13,247

Total assets less current liabilities

 

123,894

49,080

Creditors: Amounts falling due after more than one year

6

(42,702)

(48,849)

Provisions for liabilities

(10,067)

(132)

Net assets

 

71,125

99

Capital and reserves

 

Called up share capital

2

2

Retained earnings

71,123

97

Shareholders' funds

 

71,125

99

 

Omnis Engineering Limited

(Registration number: 07517655)
Balance Sheet as at 31 December 2022

For the financial year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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 financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 11 October 2023
 

.........................................
Mr SI Brooks
Director

 

Omnis Engineering Limited

Notes to the Financial Statements for the Year Ended 31 December 2022

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 8 Fairoak Court
Whitehouise Industrial Estate
Runcorn
Warrington
WA7 3DX

These financial statements were authorised for issue by the director on 11 October 2023.

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Omnis Engineering Limited

Notes to the Financial Statements for the Year Ended 31 December 2022

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet 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

Plant & Machinery

25% straight line

Fixtures & Fittings

25% straight line

Motor Vehicles

20% straight line

Office Equipment

25% straight line

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.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

 

Omnis Engineering Limited

Notes to the Financial Statements for the Year Ended 31 December 2022

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 9 (2021 - 9).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Plant and Machinery
£

Total
£

Cost or valuation

At 1 January 2022

6,361

53,996

98,549

158,906

Additions

1,177

-

45,784

46,961

At 31 December 2022

7,538

53,996

144,333

205,867

Depreciation

At 1 January 2022

6,121

21,197

95,754

123,072

Charge for the year

535

10,799

13,682

25,016

At 31 December 2022

6,656

31,996

109,436

148,088

Carrying amount

At 31 December 2022

882

22,000

34,897

57,779

At 31 December 2021

239

32,799

2,795

35,833

 

Omnis Engineering Limited

Notes to the Financial Statements for the Year Ended 31 December 2022

5

Debtors

Current

2022
£

2021
£

Trade debtors

39,305

61,385

Prepayments

4,953

2,580

Other debtors

32,972

19,289

 

77,230

83,254

6

Creditors

Creditors: amounts falling due within one year

Note

2022
£

2021
£

Due within one year

 

Loans and borrowings

19,588

28,128

Trade creditors

 

63,315

24,783

Taxation and social security

 

72,180

29,040

Accruals and deferred income

 

-

2,500

Other creditors

 

43,631

1,460

 

198,714

85,911

Creditors: amounts falling due after more than one year

Note

2022
£

2021
£

Due after one year

 

Loans and borrowings

42,702

48,849