REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2023 |
FOR |
OMNIA BRAND AND DIGITAL EXPERIENCE LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2023 |
FOR |
OMNIA BRAND AND DIGITAL EXPERIENCE LTD |
OMNIA BRAND AND DIGITAL EXPERIENCE LTD (REGISTERED NUMBER: 14202808) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2023 |
Page |
Balance sheet | 1 |
Notes to the financial statements | 2 |
OMNIA BRAND AND DIGITAL EXPERIENCE LTD (REGISTERED NUMBER: 14202808) |
BALANCE SHEET |
31 DECEMBER 2023 |
2023 | 2023 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
Current assets |
Debtors | 5 |
Creditors |
Amounts falling due within one year | 6 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities | ( |
) | ( |
) |
Provisions for liabilities | 7 |
Net liabilities | ( |
) | ( |
) |
Capital and reserves |
Called up share capital | 8 |
Retained earnings | ( |
) | ( |
) |
Shareholders' funds | ( |
) | ( |
) |
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 were approved by the Board of Directors and authorised for issue on |
OMNIA BRAND AND DIGITAL EXPERIENCE LTD (REGISTERED NUMBER: 14202808) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2023 |
1. | Statutory information |
Omnia Brand And Digital Experience Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 14202808. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is 1.10 Jactin House, 24 Hood Street, Manchester, M4 6WX. |
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. |
The Company has made a loss of £207,214 during the year and has a deficiency of assets at the year end of £376,911. The company is dependant upon the continued support of its parent company, Omnia Holdings Limited, who give assurance that it will assist with the company's working capital requirements over the next twelve months if necessary. |
Tangible fixed assets |
Computer equipment | - |
Taxation |
Taxation for the period 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 taxation |
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 period 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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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. |
Financial instruments |
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities. |
At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate. |
3. | Employees and directors |
The average number of employees during the period was |
OMNIA BRAND AND DIGITAL EXPERIENCE LTD (REGISTERED NUMBER: 14202808) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2023 |
4. | Tangible fixed assets |
Computer |
equipment |
£ |
Cost |
At 1 July 2023 |
Additions |
At 31 December 2023 |
Depreciation |
At 1 July 2023 |
Charge for period |
At 31 December 2023 |
Net book value |
At 31 December 2023 |
At 30 June 2023 |
5. | Debtors: amounts falling due within one year |
2023 | 2023 |
£ | £ |
Other debtors |
Prepayments |
6. | Creditors: amounts falling due within one year |
2023 | 2023 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Accruals and deferred income |
7. | Provisions for liabilities |
2023 | 2023 |
£ | £ |
Deferred tax | - | 384 |
Deferred |
tax |
£ |
Balance at 1 July 2023 |
Provided during period | ( |
) |
Balance at 31 December 2023 |
OMNIA BRAND AND DIGITAL EXPERIENCE LTD (REGISTERED NUMBER: 14202808) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JULY 2023 TO 31 DECEMBER 2023 |
8. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2023 |
value: | £ | £ |
Ordinary | £1 | 2 | 2 |
9. | Ultimate controlling party |
The company is under the control of Mr S Haysom and Mr A Booth by virtue of their combined 100% holding of the voting share capital of the parent company, Omnia Holdings Limited. |