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Registered number: 11924617
Omni Training Group Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 11924617
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,986 9,068
10,986 9,068
CURRENT ASSETS
Cash at bank and in hand 3,135 9,035
3,135 9,035
Creditors: Amounts Falling Due Within One Year 5 (67,122 ) (61,783 )
NET CURRENT ASSETS (LIABILITIES) (63,987 ) (52,748 )
TOTAL ASSETS LESS CURRENT LIABILITIES (53,001 ) (43,680 )
NET LIABILITIES (53,001 ) (43,680 )
CAPITAL AND RESERVES
Called up share capital 6 100 100
Income Statement (53,101 ) (43,780 )
SHAREHOLDERS' FUNDS (53,001) (43,680)
Page 1
Page 2
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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr P Balu
Director
22 October 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Omni Training Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11924617 . The registered office is Room 3, Foremost House, Radford Way, Billericay, Essex, CM12 0BT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The company is dependent on a loan from its directors. The directors intend to continue supporting the company and therefore have prepared these financial statements on a going concern basis.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing balance basis
Computer Equipment 25% Reducing balance basis
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 10,480 7,608 18,088
Additions 375 4,443 4,818
As at 31 March 2024 10,855 12,051 22,906
Depreciation
As at 1 April 2023 5,166 3,854 9,020
Provided during the period 1,363 1,537 2,900
As at 31 March 2024 6,529 5,391 11,920
Net Book Value
As at 31 March 2024 4,326 6,660 10,986
As at 1 April 2023 5,314 3,754 9,068
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts - 180
Other creditors 66,911 61,105
Taxation and social security 211 498
67,122 61,783
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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