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REGISTERED NUMBER: 03081365 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2023

for

The Omnibus Society

The Omnibus Society (Registered number: 03081365)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


The Omnibus Society

Company Information
for the Year Ended 31 December 2023







DIRECTORS: D Akrigg
N W Eggleton
C Gill
A P Gipson
D C Grimmett
P W Kirk
G J Lusher
J H Peddle
A P Tyldsley





SECRETARY: M P Yelton





REGISTERED OFFICE: 100 Sandwell Street
Walsall
West Midlands
WS1 3EB





REGISTERED NUMBER: 03081365 (England and Wales)





ACCOUNTANTS: Williams & Company
191 Station Road
Shotts
North Lanarkshire
ML7 4BA

The Omnibus Society (Registered number: 03081365)

Report of the Directors
for the Year Ended 31 December 2023

The directors present their report with the financial statements of the company for the year ended 31 December 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the study of road passenger transport.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2023 to the date of this report.

D Akrigg
N W Eggleton
C Gill
A P Gipson
D C Grimmett
P W Kirk
G J Lusher
J H Peddle
A P Tyldsley

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





N W Eggleton - Director


27 September 2024

The Omnibus Society (Registered number: 03081365)

Income Statement
for the Year Ended 31 December 2023

31.12.23 31.12.22
£    £   

TURNOVER 46,906 40,791

Cost of sales 31,874 34,419
GROSS SURPLUS 15,032 6,372

Administrative expenses 20,620 35,181
(5,588 ) (28,809 )

Other operating income - (11,865 )
OPERATING DEFICIT and
DEFICIT BEFORE TAXATION (5,588 ) (40,674 )

Tax on deficit - -
DEFICIT FOR THE FINANCIAL
YEAR

(5,588

)

(40,674

)

The Omnibus Society (Registered number: 03081365)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 109,156 139,156

CURRENT ASSETS
Stocks 3,500 3,846
Debtors 5 256,818 257,773
Cash at bank 52,876 31,412
313,194 293,031
CREDITORS
Amounts falling due within one year 6 16,816 21,065
NET CURRENT ASSETS 296,378 271,966
TOTAL ASSETS LESS CURRENT
LIABILITIES

405,534

411,122

RESERVES
Income and expenditure account 405,534 411,122
405,534 411,122

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 surplus or deficit 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.

The Omnibus Society (Registered number: 03081365)

Balance Sheet - continued
31 December 2023


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 27 September 2024 and were signed on its behalf by:





N W Eggleton - Director


The Omnibus Society (Registered number: 03081365)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

The Omnibus Society is a private company, limited by guarantee , 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in surplus or deficit.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 9 ) .

The Omnibus Society (Registered number: 03081365)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 139,156
Disposals (30,000 )
At 31 December 2023 109,156
NET BOOK VALUE
At 31 December 2023 109,156
At 31 December 2022 139,156

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 256,818 257,773

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other creditors 16,816 21,065