OMG Consulting (Norfolk) Ltd 12512438 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of computer and IT consultancy services. Digita Accounts Production Advanced 6.30.9574.0 true 12512438 2023-04-01 2024-03-31 12512438 2024-03-31 12512438 bus:OrdinaryShareClass1 2024-03-31 12512438 core:RetainedEarningsAccumulatedLosses 2024-03-31 12512438 core:ShareCapital 2024-03-31 12512438 core:CurrentFinancialInstruments 2024-03-31 12512438 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 12512438 core:FurnitureFittingsToolsEquipment 2024-03-31 12512438 bus:SmallEntities 2023-04-01 2024-03-31 12512438 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 12512438 bus:FilletedAccounts 2023-04-01 2024-03-31 12512438 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12512438 bus:RegisteredOffice 2023-04-01 2024-03-31 12512438 bus:Director1 2023-04-01 2024-03-31 12512438 bus:Director2 2023-04-01 2024-03-31 12512438 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 12512438 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12512438 core:FurnitureFittings 2023-04-01 2024-03-31 12512438 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 12512438 countries:EnglandWales 2023-04-01 2024-03-31 12512438 2022-04-01 2023-03-31 12512438 2023-03-31 12512438 bus:OrdinaryShareClass1 2023-03-31 12512438 core:RetainedEarningsAccumulatedLosses 2023-03-31 12512438 core:ShareCapital 2023-03-31 12512438 core:CurrentFinancialInstruments 2023-03-31 12512438 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12512438

OMG Consulting (Norfolk) Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

OMG Consulting (Norfolk) Ltd

Contents


 

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

OMG Consulting (Norfolk) Ltd

Registration number: 12512438

Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

475

-

Current assets

 

Debtors

6

23,933

21,223

Cash at bank and in hand

 

144,745

94,186

 

168,678

115,409

Creditors: Amounts falling due within one year

7

(34,927)

(27,833)

Net current assets

 

133,751

87,576

Total assets less current liabilities

 

134,226

87,576

Provisions for liabilities

(119)

-

Net assets

 

134,107

87,576

Capital and reserves

 

Called up share capital

8

240

240

Retained earnings

133,867

87,336

Shareholders' funds

 

134,107

87,576



The director's statements required by sections 475 (2) and (3) are shown on the following page which forms part of this Balance Sheet.

 

OMG Consulting (Norfolk) Ltd

Registration number: 12512438

Balance Sheet as at 31 March 2024 (continued)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 September 2024 and signed on its behalf by:
 

G D Beckett
Director

M Beckett
Director

 
     

 

OMG Consulting (Norfolk) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Wymondham Business Centre
1 Town Green
Wymondham
Norfolk
NR18 0PN
England

The principal place of business is:
55 Thunder Lane
Norwich
Norfolk
NR7 0PZ
England

These financial statements were authorised for issue by the Board on 2 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

 

OMG Consulting (Norfolk) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings & equipment

25% straight line

 

OMG Consulting (Norfolk) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 2).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

158

-

 

OMG Consulting (Norfolk) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

633

633

At 31 March 2024

633

633

Depreciation

Charge for the year

158

158

At 31 March 2024

158

158

Carrying amount

At 31 March 2024

475

475

 

OMG Consulting (Norfolk) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

6

Debtors

Current

2024
£

2023
£

Trade debtors

16,800

19,936

Prepayments

6,103

257

Other debtors

1,030

1,030

 

23,933

21,223

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Directors loan account

276

11

Taxation and social security

 

33,444

27,482

Other creditors

 

1,207

340

 

34,927

27,833

 

OMG Consulting (Norfolk) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

240

240

240

240

       

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £13,712 (2023: £nil)