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Company Registration No. 11775713 (England and Wales)
Omniscient Technologies Ltd Unaudited accounts for the year ended 31 January 2024
Omniscient Technologies Ltd Unaudited accounts Contents
Page
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Omniscient Technologies Ltd Company Information for the year ended 31 January 2024
Director
Joseph Gleeson
Company Number
11775713 (England and Wales)
Registered Office
Flat 65 Emperor Apartments 3 Scena Way London SE5 0BF
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Omniscient Technologies Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
667 
1,067 
Current assets
Cash at bank and in hand
7,296 
6,252 
Creditors: amounts falling due within one year
(2,456)
(3,155)
Net current assets
4,840 
3,097 
Total assets less current liabilities
5,507 
4,164 
Provisions for liabilities
Deferred tax
(127)
(203)
Net assets
5,380 
3,961 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
5,379 
3,960 
Shareholders' funds
5,380 
3,961 
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 April 2024 and were signed on its behalf by
Joseph Gleeson Director Company Registration No. 11775713
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Omniscient Technologies Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Omniscient Technologies Ltd is a private company, limited by shares, registered in England and Wales, registration number 11775713. The registered office is Flat 65 Emperor Apartments, 3 Scena Way, London, SE5 0BF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Omniscient Technologies Ltd Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 February 2023
1,200 
At 31 January 2024
1,200 
Depreciation
At 1 February 2023
133 
Charge for the year
400 
At 31 January 2024
533 
Net book value
At 31 January 2024
667 
At 31 January 2023
1,067 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
644 
306 
Loans from directors
1,404 
2,459 
Accruals
408 
390 
2,456 
3,155 
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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