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REGISTERED NUMBER: 08243582 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Omega Sky Limited
T/A
Wallsauce.com

Omega Sky Limited (Registered number: 08243582)
T/A Wallsauce.com






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Omega Sky Limited
T/A Wallsauce.com

Company Information
for the Year Ended 31 January 2024







DIRECTORS: A J Fairhurst
A J Gerraty





REGISTERED OFFICE: Ground Floor
Citygate
Longridge Road
Preston
Lancashire
PR2 5BQ





REGISTERED NUMBER: 08243582 (England and Wales)





ACCOUNTANTS: Xeinadin
Ground Floor
Citygate
Longridge Road
Preston
Lancashire
PR2 5BQ

Omega Sky Limited (Registered number: 08243582)
T/A Wallsauce.com

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 98,807 109,173
Property, plant and equipment 5 157,119 197,919
255,926 307,092

CURRENT ASSETS
Inventories 16,274 16,429
Debtors 6 54,882 61,452
Cash at bank 7,759 81,126
78,915 159,007
CREDITORS
Amounts falling due within one year 7 421,828 536,280
NET CURRENT LIABILITIES (342,913 ) (377,273 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(86,987

)

(70,181

)

CREDITORS
Amounts falling due after more than
one year

8

243,247

264,487
NET LIABILITIES (330,234 ) (334,668 )

CAPITAL AND RESERVES
Called up share capital 10 256 256
Share premium 11 439,375 439,375
Retained earnings 11 (769,865 ) (774,299 )
SHAREHOLDERS' FUNDS (330,234 ) (334,668 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Sky Limited (Registered number: 08243582)
T/A Wallsauce.com

Balance Sheet - continued
31 January 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 31 October 2024 and were signed on its behalf by:





A J Gerraty - Director


Omega Sky Limited (Registered number: 08243582)
T/A Wallsauce.com

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Omega Sky 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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 year was 12 (2023 - 12 ) .

Omega Sky Limited (Registered number: 08243582)
T/A Wallsauce.com

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2023 303,558
Additions 7,140
At 31 January 2024 310,698
AMORTISATION
At 1 February 2023 194,385
Charge for year 17,506
At 31 January 2024 211,891
NET BOOK VALUE
At 31 January 2024 98,807
At 31 January 2023 109,173

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 February 2023 184,580 22,356 18,971 225,907
Additions 888 1,645 - 2,533
At 31 January 2024 185,468 24,001 18,971 228,440
DEPRECIATION
At 1 February 2023 6,478 4,888 16,622 27,988
Charge for year 37,047 4,557 1,729 43,333
At 31 January 2024 43,525 9,445 18,351 71,321
NET BOOK VALUE
At 31 January 2024 141,943 14,556 620 157,119
At 31 January 2023 178,102 17,468 2,349 197,919

Omega Sky Limited (Registered number: 08243582)
T/A Wallsauce.com

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 12,859 13,333
Directors' current accounts - 2,500
VAT - 8,821
Prepayments and accrued income 42,023 36,798
54,882 61,452

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 25,498 13,536
Other loans 106,905 244,985
Hire purchase contracts 6,404 -
Trade creditors 130,829 187,625
Social security and other taxes 9,848 12,156
VAT 17,097 -
Other creditors 36,762 35,288
Directors' current accounts 65,000 -
Accrued expenses 23,485 42,690
421,828 536,280

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - 1-2 years 107,114 93,044
Other loans - 2-5 years 110,464 171,443
Hire purchase contracts 25,669 -
243,247 264,487

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   

The loan is secured by a fixed and floating charge over the assets of the company.

Omega Sky Limited (Registered number: 08243582)
T/A Wallsauce.com

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
128,150 Ordinary 0.002 256 256

11. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 February 2023 (774,299 ) 439,375 (334,924 )
Profit for the year 4,434 4,434
At 31 January 2024 (769,865 ) 439,375 (330,490 )