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OMCORE LTD

Registered Number
07044586
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

OMCORE LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

COLLINS, Kevin Antony
WRIGHT, Nicholas David

Registered Address

12a Marlborough Place
Brighton
BN1 1WN

Registered Number

07044586 (England and Wales)
OMCORE LTD
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets3609812
609812
Current assets
Debtors43,5172,382
Cash at bank and on hand27,51121,346
31,02823,728
Creditors amounts falling due within one year5(20,232)(23,230)
Net current assets (liabilities)10,796498
Total assets less current liabilities11,4051,310
Net assets11,4051,310
Capital and reserves
Called up share capital100100
Profit and loss account11,3051,210
Shareholders' funds11,4051,310
The financial statements were approved and authorised for issue by the Board of Directors on 3 September 2024, and are signed on its behalf by:
COLLINS, Kevin Antony
Director
Registered Company No. 07044586
OMCORE LTD
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Office Equipment25
2.Average number of employees

20232022
Average number of employees during the year22
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 January 235,3455,345
At 31 December 235,3455,345
Depreciation and impairment
At 01 January 234,5334,533
Charge for year203203
At 31 December 234,7364,736
Net book value
At 31 December 23609609
At 31 December 22812812
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables3,5172,382
Total3,5172,382
5.Creditors: amounts due within one year

2023

2022

££
Bank borrowings and overdrafts7,05513,707
Taxation and social security9,9788,623
Other creditors2,23810
Accrued liabilities and deferred income961890
Total20,23223,230