Company Registration No. 13686418 (England and Wales)
Omega Worldwide Logistics Solutions Ltd
Unaudited accounts
for the year ended 31 March 2024
Omega Worldwide Logistics Solutions Ltd
Unaudited accounts
Contents
Omega Worldwide Logistics Solutions Ltd
Company Information
for the year ended 31 March 2024
Company Number
13686418 (England and Wales)
Registered Office
SUITE 857 UNIT 3A
34-35 HATTON GARDEN
HOLBORN, LONDON
London
EC1N 8DX
UNITED KINGDOM
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Omega Worldwide Logistics Solutions Ltd
for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Omega Worldwide Logistics Solutions Ltd for the year ended 31 March 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
This report is made solely to the Board of Directors of Omega Worldwide Logistics Solutions Ltd, as a body, in accordance with the terms of our engagement letter dated 18 October 2021. Our work has been undertaken solely to prepare for your approval the accounts of Omega Worldwide Logistics Solutions Ltd and state those matters that we have agreed to state to the Board of Directors of Omega Worldwide Logistics Solutions Ltd, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Omega Worldwide Logistics Solutions Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Omega Worldwide Logistics Solutions Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Omega Worldwide Logistics Solutions Ltd. You consider that Omega Worldwide Logistics Solutions Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Omega Worldwide Logistics Solutions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Member in Practice
16 September 2024
Omega Worldwide Logistics Solutions Ltd
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
101,867
24,118
Creditors: amounts falling due within one year
(184,610)
(271,290)
Net current assets
117,445
15,765
Profit and loss account
117,945
15,765
Shareholders' funds
117,945
15,765
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 September 2024 and were signed on its behalf by
Lijo Philip
Director
Company Registration No. 13686418
Omega Worldwide Logistics Solutions Ltd
Notes to the Accounts
for the year ended 31 March 2024
Omega Worldwide Logistics Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 13686418. The registered office is SUITE 857 UNIT 3A, 34-35 HATTON GARDEN, HOLBORN, LONDON, London, EC1N 8DX, UNITED KINGDOM.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting. Standard applicable in the UK and Republic of Ireland” ("FRS 102”) and the requirements of the Companies Act 2006 The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention unless specified within these accounting policies and in accordance with Financial Reporting Standards 102, the Financial Reporting Standard applicable in UK and the Republic of Ireland and the Companies Act 2006.
The accounts are presented in £ sterling.
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Tangible fixed assets and depreciation
Tangible assets are included at cost and impairment. Depreciation will be charged at the following rates in order to write off the assets over their estimated useful lives:
Omega Worldwide Logistics Solutions Ltd
Notes to the Accounts
for the year ended 31 March 2024
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Tangible fixed assets
Total
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Average number of employees
During the year the average number of employees was 1 (2023: 1).
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Reconciliations on adoption of FRS 102