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REGISTERED NUMBER: 09680148 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Omologato Limited

Omologato Limited (Registered number: 09680148)






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


Omologato Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S Kalra
Mrs F Kalra





REGISTERED OFFICE: 12 Castle Hill
Windsor
SL4 1PD





REGISTERED NUMBER: 09680148 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Northgate House
Northgate
Sleaford
Lincolnshire
NG34 7BZ

Omologato Limited (Registered number: 09680148)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 700 1,155
Tangible assets 5 16,342 26,405
17,042 27,560

CURRENT ASSETS
Stocks 170,000 136,000
Debtors 6 170,703 162,645
Cash at bank 17,437 6,953
358,140 305,598
CREDITORS
Amounts falling due within one year 7 318,859 253,087
NET CURRENT ASSETS 39,281 52,511
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,323

80,071

CREDITORS
Amounts falling due after more than one
year

8

(44,316

)

(74,877

)

PROVISIONS FOR LIABILITIES (2,354 ) (3,565 )
NET ASSETS 9,653 1,629

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 9,553 1,529
SHAREHOLDERS' FUNDS 9,653 1,629

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 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.

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 26 September 2024 and were signed on its behalf by:



S Kalra - Director


Omologato Limited (Registered number: 09680148)

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

1. STATUTORY INFORMATION

Omologato 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.

Patents and licences are being amortised evenly over their estimated useful life of fifteen 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 - 33% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

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.

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 2 (2022 - 2 ) .

Omologato Limited (Registered number: 09680148)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 1,364
AMORTISATION
At 1 January 2023 209
Charge for year 455
At 31 December 2023 664
NET BOOK VALUE
At 31 December 2023 700
At 31 December 2022 1,155

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 35,275 3,495 21,293 2,756 62,819
Additions - 1,730 - 2,207 3,937
At 31 December 2023 35,275 5,225 21,293 4,963 66,756
DEPRECIATION
At 1 January 2023 15,927 1,781 16,330 2,376 36,414
Charge for year 10,107 1,645 1,241 1,007 14,000
At 31 December 2023 26,034 3,426 17,571 3,383 50,414
NET BOOK VALUE
At 31 December 2023 9,241 1,799 3,722 1,580 16,342
At 31 December 2022 19,348 1,714 4,963 380 26,405

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 12,860 -
Other debtors 157,843 162,645
170,703 162,645

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 37,574 25,978
Trade creditors 95,763 85,616
Taxation and social security 181,148 136,443
Other creditors 4,374 5,050
318,859 253,087

Omologato Limited (Registered number: 09680148)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 31,296 29,705
Other creditors 13,020 45,172
44,316 74,877

9. CALLED UP SHARE CAPITAL

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