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REGISTERED NUMBER: 00692168 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Omni (Brokers) Limited

Omni (Brokers) Limited (Registered number: 00692168)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Omni (Brokers) Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: J E Davis





REGISTERED OFFICE: 303 Goring Road
Worthing
West Sussex
BN12 4NX





REGISTERED NUMBER: 00692168 (England and Wales)





ACCOUNTANTS: THL Accountancy Ltd
303 Goring Road
Worthing
West Sussex
BN12 4NX

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Omni (Brokers) Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Omni (Brokers) Limited for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Omni (Brokers) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Omni (Brokers) Limited and state those matters that we have agreed to state to the director of Omni (Brokers) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Omni (Brokers) Limited and its director for our work or for this report.

It is your duty to ensure that Omni (Brokers) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Omni (Brokers) Limited. You consider that Omni (Brokers) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Omni (Brokers) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






THL Accountancy Ltd
303 Goring Road
Worthing
West Sussex
BN12 4NX


17 July 2024

Omni (Brokers) Limited (Registered number: 00692168)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 68,123 51,882
68,123 51,882

CURRENT ASSETS
Debtors 6 279,728 359,243
Cash at bank and in hand 662,346 429,974
942,074 789,217
CREDITORS
Amounts falling due within one year 7 687,807 516,893
NET CURRENT ASSETS 254,267 272,324
TOTAL ASSETS LESS CURRENT
LIABILITIES

322,390

324,206

PROVISIONS FOR LIABILITIES 14,920 11,712
NET ASSETS 307,470 312,494

CAPITAL AND RESERVES
Called up share capital 4,993 4,993
Share premium 15,600 15,600
Retained earnings 286,877 291,901
307,470 312,494

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Omni (Brokers) Limited (Registered number: 00692168)

Balance Sheet - continued
31 May 2024


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 director and authorised for issue on 17 July 2024 and were signed by:





J E Davis - Director


Omni (Brokers) Limited (Registered number: 00692168)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

Omni (Brokers) 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
Turnover 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.

Website is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - straight line over 10 years
Fixtures and fittings - 15% on reducing balance
Computer equipment - 20% straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Omni (Brokers) Limited (Registered number: 00692168)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


2. ACCOUNTING POLICIES - continued

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 17 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill Website Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 182,116 6,454 188,570
AMORTISATION
At 1 June 2023
and 31 May 2024 182,116 6,454 188,570
NET BOOK VALUE
At 31 May 2024 - - -
At 31 May 2023 - - -

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 June 2023 12,037 40,106 97,225 149,368
Additions - 26,982 2,606 29,588
At 31 May 2024 12,037 67,088 99,831 178,956
DEPRECIATION
At 1 June 2023 5,933 22,936 68,617 97,486
Charge for year 1,204 3,924 8,219 13,347
At 31 May 2024 7,137 26,860 76,836 110,833
NET BOOK VALUE
At 31 May 2024 4,900 40,228 22,995 68,123
At 31 May 2023 6,104 17,170 28,608 51,882

Omni (Brokers) Limited (Registered number: 00692168)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 161,023 161,737
Other debtors 118,705 197,506
279,728 359,243

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 608,740 449,086
Taxation and social security 30,434 37,797
Other creditors 48,633 30,010
687,807 516,893