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REGISTERED NUMBER: 03609069 (England and Wales)




FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

OMNIBUS SOLUTIONS LIMITED

OMNIBUS SOLUTIONS LIMITED (REGISTERED NUMBER: 03609069)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OMNIBUS SOLUTIONS LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: Mr J N Anton
Mr P Crichton
Mr G D Hyman
Mr J Darragh
Mr J Hewitt
C A Wilson



REGISTERED OFFICE: Unit 435 Chambers Business Centre
Chapel Road
Hollinwood
Oldham
OL8 4QQ



REGISTERED NUMBER: 03609069 (England and Wales)



SENIOR STATUTORY AUDITOR: Mark Spafford FCA FCCA



AUDITORS: Luckmans Duckett Parker Limited
Chartered Accountants
Statutory Auditors
1110 Elliott Court
Herald Avenue
Coventry Business Park
Coventry
West Midlands
CV5 6UB

OMNIBUS SOLUTIONS LIMITED (REGISTERED NUMBER: 03609069)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5 5
Tangible assets 5 19,292 26,074
19,297 26,079

CURRENT ASSETS
Stocks 6 5,400 5,400
Debtors 7 3,697,887 3,158,093
Cash at bank and in hand 89,915 183,951
3,793,202 3,347,444
CREDITORS
Amounts falling due within one year 8 940,493 1,201,386
NET CURRENT ASSETS 2,852,709 2,146,058
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,872,006

2,172,137

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 2,871,906 2,172,037
SHAREHOLDERS' FUNDS 2,872,006 2,172,137

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 Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





Mr J N Anton - Director


OMNIBUS SOLUTIONS LIMITED (REGISTERED NUMBER: 03609069)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Omnibus Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced software license fee income, support and maintenance services income and income from sales of hardware.

Software license fee income is deferred are the point of sale and recognised in the profit and loss over the contractual life on a straight line basis. Support and maintenance income is recognised in full at the point when a binding purchase order is received and the invoice raised. Service income is recognised in the month the services are performed. Income from the sale of hardware is recognised when goods are delivered to the customer.

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.

Other intangible assets are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20 - 33% straight line
Fixtures, fittings and equipment - 15% on cost

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.


OMNIBUS SOLUTIONS LIMITED (REGISTERED NUMBER: 03609069)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 26 (2022 - 27 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 632,588
AMORTISATION
At 1 January 2023
and 31 December 2023 632,583
NET BOOK VALUE
At 31 December 2023 5
At 31 December 2022 5

OMNIBUS SOLUTIONS LIMITED (REGISTERED NUMBER: 03609069)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings
Plant and and
machinery equipment Totals
£    £    £   
COST
At 1 January 2023 128,946 73,160 202,106
Additions 8,045 - 8,045
At 31 December 2023 136,991 73,160 210,151
DEPRECIATION
At 1 January 2023 113,945 62,087 176,032
Charge for year 9,079 5,748 14,827
At 31 December 2023 123,024 67,835 190,859
NET BOOK VALUE
At 31 December 2023 13,967 5,325 19,292
At 31 December 2022 15,001 11,073 26,074

6. STOCKS
2023 2022
£    £   
Stocks 5,400 5,400

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 208,692 467,838
Amounts owed by group undertakings 3,371,603 2,526,246
Other debtors 6,195 6,195
Tax 35,594 17,724
Deferred tax asset 8,145 5,531
Prepayments and accrued income 67,658 134,559
3,697,887 3,158,093

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 24,797 42,513
Amounts owed to group undertakings 88 88
Tax - 31,892
Social security and other taxes 40,480 36,474
VAT 48,008 99,909
Other creditors 5,076 4,367
Accruals and deferred income 822,044 986,143
940,493 1,201,386

9. LEASING AGREEMENTS
At 31 December 2023, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £4,787 (2022: £4,787).

OMNIBUS SOLUTIONS LIMITED (REGISTERED NUMBER: 03609069)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Spafford FCA FCCA (Senior Statutory Auditor)
for and on behalf of Luckmans Duckett Parker Limited

12. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. At 31st December 2023 unpaid contributions of £5,076 (2022: £4,366) were due to the fund. This is included within other creditors.

13. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

14. ULTIMATE CONTROLLING PARTY

The immediate parent undertaking is Velociti Group Limited (formerly EPM Transport Solutions Limited). The ultimate parent undertaking and controlling party is Literacy Capital Limited.