Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31trueNo description of principal activity6falsefalsetrue2023-04-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14695057 2023-04-01 2024-03-31 14695057 2022-04-01 2023-03-31 14695057 2024-03-31 14695057 2023-03-31 14695057 c:Director2 2023-04-01 2024-03-31 14695057 d:CurrentFinancialInstruments 2024-03-31 14695057 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14695057 d:ShareCapital 2024-03-31 14695057 d:ShareCapital 2023-03-31 14695057 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 14695057 d:RetainedEarningsAccumulatedLosses 2024-03-31 14695057 d:RetainedEarningsAccumulatedLosses 2023-03-31 14695057 c:FRS102 2023-04-01 2024-03-31 14695057 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 14695057 c:FullAccounts 2023-04-01 2024-03-31 14695057 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 14695057 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 14695057










OMVANDLA GROUP LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
OMVANDLA GROUP LIMITED
REGISTERED NUMBER: 14695057

BALANCE SHEET
AS AT 31 MARCH 2024

2024
£


Current assets

Stocks
123,460

Debtors: amounts falling due within one year
341,685

Cash at bank and in hand
262,710

727,855

Creditors: amounts falling due within one year
(634,886)

Net current assets
 
 
92,969

Total assets less current liabilities
92,969


Net assets
92,969


Capital and reserves

Called up share capital 
100

Profit and loss account
92,869

92,969


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 October 2024.




C R Newman
Director

The notes on pages 4 to 6 form part of these financial statements.
Page 1

 
OMVANDLA GROUP LIMITED
REGISTERED NUMBER: 14695057
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024


Page 2

 
OMVANDLA GROUP LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MARCH 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2023
100
-
100



Profit for the period
-
92,869
92,869


At 31 March 2024
100
92,869
92,969

The notes on pages 4 to 6 form part of these financial statements.

Page 3

 
OMVANDLA GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Omvandla Group Limited is a private company, limited by shares, incorporated in the UK and registered in England and Wales, Company number 14695057. The registered office is 2 Cornhill 1st Floor, Bury St. Edmunds, IP33 1BE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors, having made due and careful enquiry are of the opinion that the company has adequate working capital to execute its operations over the next 12 months. The directors, therefore, have made an informed judgement, at the time of approving the financial statements, that there is reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. As a result, the directors have continued to adopt the going concern basis of accounting in preparing the annual financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
OMVANDLA GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

  
2.7

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, and loans from related
parties.


3.


Employees

The average monthly number of employees, including directors, during the period was 6.


4.


Debtors

2024
£


Trade debtors
239,891

Other debtors
19,622

Prepayments and accrued income
33,288

Amounts recoverable on long-term contracts
48,884

341,685


Page 5

 
OMVANDLA GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

5.


Cash and cash equivalents

2024
£

Cash at bank and in hand
262,710

262,710



6.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
379,710

Corporation tax
29,194

Other taxation and social security
55,683

Other creditors
26,081

Accruals and deferred income
144,218

634,886



7.


Related party transactions

As at 31 March 2024, amounts totalling £1,081 were due from the company to another company in which the directors have an interest. 


8.


Accounting period

The financial statements were prepared from 28 February 2023, the date of incorporation, to 31 March 2024.





 
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