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REGISTERED NUMBER: 07191670 (England and Wales)














OMEGA STEEL BUILDING SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST MARCH 2024 TO 31ST AUGUST 2024






OMEGA STEEL BUILDING SOLUTIONS LIMITED (REGISTERED NUMBER: 07191670)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST MARCH 2024 TO 31ST AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OMEGA STEEL BUILDING SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1ST MARCH 2024 TO 31ST AUGUST 2024







DIRECTORS: Mrs N J Jones
J R Jones





REGISTERED OFFICE: Beauchamp House
402-403 Stourport Road
Kidderminster
Worcestershire
DY11 7BG





REGISTERED NUMBER: 07191670 (England and Wales)

OMEGA STEEL BUILDING SOLUTIONS LIMITED (REGISTERED NUMBER: 07191670)

BALANCE SHEET
31ST AUGUST 2024

2024 2024
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 110,243 124,692
Investments 5 806,877 812,253
917,120 936,945

CURRENT ASSETS
Debtors 6 1,690,217 1,461,919
Cash at bank and in hand 582,119 578,349
2,272,336 2,040,268
CREDITORS
Amounts falling due within one year 7 731,704 635,128
NET CURRENT ASSETS 1,540,632 1,405,140
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,457,752

2,342,085

PROVISIONS FOR LIABILITIES 8 8,898 8,183
NET ASSETS 2,448,854 2,333,902

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 9 2,448,852 2,333,900
2,448,854 2,333,902

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st August 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st August 2024 in accordance with Section 476 of the Companies Act 2006.

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.

OMEGA STEEL BUILDING SOLUTIONS LIMITED (REGISTERED NUMBER: 07191670)

BALANCE SHEET - continued
31ST AUGUST 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd October 2024 and were signed on its behalf by:





J R Jones - Director


OMEGA STEEL BUILDING SOLUTIONS LIMITED (REGISTERED NUMBER: 07191670)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST MARCH 2024 TO 31ST AUGUST 2024

1. STATUTORY INFORMATION

Omega Steel Building Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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 tax
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 (2024 - 7 ) .

OMEGA STEEL BUILDING SOLUTIONS LIMITED (REGISTERED NUMBER: 07191670)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST MARCH 2024 TO 31ST AUGUST 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£ £ £
COST
At 1st March 2024
and 31st August 2024 26,750 172,056 198,806
DEPRECIATION
At 1st March 2024 4,012 70,102 74,114
Charge for period 1,705 12,744 14,449
At 31st August 2024 5,717 82,846 88,563
NET BOOK VALUE
At 31st August 2024 21,033 89,210 110,243
At 29th February 2024 22,738 101,954 124,692

5. FIXED ASSET INVESTMENTS
Other
investments
£
COST OR VALUATION
At 1st March 2024 812,253
Revaluations (5,376 )
At 31st August 2024 806,877
NET BOOK VALUE
At 31st August 2024 806,877
At 29th February 2024 812,253

Cost or valuation at 31st August 2024 is represented by:

Other
investments
£
Valuation in 2024 806,877

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£ £
Trade debtors - 65,434
Amounts owed by group undertakings 1,682,769 1,396,485
Prepayments 7,448 -
1,690,217 1,461,919

OMEGA STEEL BUILDING SOLUTIONS LIMITED (REGISTERED NUMBER: 07191670)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST MARCH 2024 TO 31ST AUGUST 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£ £
Trade creditors 518,863 400,871
Tax 36,164 43,324
Social security and other taxes 5,551 7,513
VAT 14,056 57,201
Other creditors 157,070 126,219
731,704 635,128

8. PROVISIONS FOR LIABILITIES
2024 2024
£ £
Deferred tax 8,898 8,183

Deferred tax
£
Balance at 1st March 2024 8,183
Provided during period 715
Balance at 31st August 2024 8,898

9. RESERVES
Retained
earnings
£

At 1st March 2024 2,333,900
Profit for the period 114,952
At 31st August 2024 2,448,852

10. RELATED PARTY DISCLOSURES

Dividends of £Nil 31/08/24(29/02/24 £Nil) were paid to Omega SB Holdings Limited the holding company of Omega Steel Building Solutions Limited.

Management charges of £208,998 were paid to 31/08/2024 (29/02/24 £313,497) were paid to Omega SB Holdings Limited the holding company of Omega Steel Building Solutions Limited.

At the 31/08/2024 £1,682,769 (29/02/2024 £1,396,485) was owed by Omega SB Holdings Limited.