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
Omniscient Technologies Ltd
Company Information
for the year ended 31 January 2024
Company Number
11775713 (England and Wales)
Registered Office
Flat 65 Emperor Apartments
3 Scena Way
London
SE5 0BF
Omniscient Technologies Ltd
Statement of financial position
as at 31 January 2024
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
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
Omniscient Technologies Ltd
Notes to the Accounts
for the year ended 31 January 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
Omniscient Technologies Ltd
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Computer equipment
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
644
306
Loans from directors
1,404
2,459
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).