Company registration number 03408795 (England and Wales)
OMNILINGUA LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
OMNILINGUA LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
OMNILINGUA LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF OMNILINGUA LIMITED FOR THE YEAR ENDED 31 JULY 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Omnilingua Limited for the year ended 31 July 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Omnilingua Limited, as a body, in accordance with the terms of our engagement letter dated 21 August 2017. Our work has been undertaken solely to prepare for your approval the financial statements of Omnilingua Limited and state those matters that we have agreed to state to the board of directors of Omnilingua Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Omnilingua Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Omnilingua Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Omnilingua Limited. You consider that Omnilingua Limited 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 financial statements of Omnilingua Limited. 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 financial statements.

Dartnell Accounting Limited
30 October 2024
Chartered Accountants
16 Gorselands Close
West Byfleet
Surrey
KT14 6PU
OMNILINGUA LIMITED
BALANCE SHEET
AS AT
31 JULY 2024
31 July 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
2,608
2,951
Current assets
Debtors
5
13,794
19,747
Cash at bank and in hand
106,607
119,939
120,401
139,686
Creditors: amounts falling due within one year
6
(69,659)
(70,282)
Net current assets
50,742
69,404
Total assets less current liabilities
53,350
72,355
Creditors: amounts falling due after more than one year
7
(5,632)
(16,280)
Provisions for liabilities
(738)
(738)
Net assets
46,980
55,337
Capital and reserves
Called up share capital
162
162
Other reserves
38
38
Profit and loss reserves
46,780
55,137
Total equity
46,980
55,337

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

OMNILINGUA LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2024
31 July 2024
- 3 -
The financial statements were approved and signed by the director and authorised for issue on 30 October 2024
Mr M A Waplington
Director
Company registration number 03408795 (England and Wales)
OMNILINGUA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
- 4 -
1
Accounting policies
Company information

Omnilingua Limited is a private company limited by shares incorporated in England and Wales. The registered office is 4 Anchor Cottages, High Street, Angmering, West Sussex, BN16 4AG.

1.1
Accounting convention

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 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
25% reducing balance
Fixtures, fittings & equipment
25% reducing balance
Computer equipment
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

OMNILINGUA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
1
Accounting policies
(Continued)
- 5 -
1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
OMNILINGUA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 6 -
4
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
£
Cost
At 1 August 2023
15,586
826
33,766
50,178
Additions
527
-
0
-
0
527
At 31 July 2024
16,113
826
33,766
50,705
Depreciation and impairment
At 1 August 2023
15,586
826
30,815
47,227
Depreciation charged in the year
132
-
0
738
870
At 31 July 2024
15,718
826
31,553
48,097
Carrying amount
At 31 July 2024
395
-
0
2,213
2,608
At 31 July 2023
-
0
-
0
2,951
2,951
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
13,006
16,397
Corporation tax recoverable
-
0
2,570
Other debtors
788
780
13,794
19,747
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
10,648
10,648
Trade creditors
33,206
30,679
Corporation tax
1,998
1,604
Other taxation and social security
6,560
10,092
Other creditors
17,247
17,259
69,659
70,282
OMNILINGUA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 7 -
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
5,632
16,280
8
Directors' transactions

Dividends totalling £16,179 (2023 - £22,792) were paid in the year in respect of shares held by the company's directors.

2024-07-312023-08-01falsefalsefalse30 October 2024CCH SoftwareCCH Accounts Production 2024.301The principal activity of the company was that of translation services.
Mr M A Waplington
034087952023-08-012024-07-31034087952024-07-31034087952023-07-3103408795core:PlantMachinery2024-07-3103408795core:FurnitureFittings2024-07-3103408795core:ComputerEquipment2024-07-3103408795core:PlantMachinery2023-07-3103408795core:FurnitureFittings2023-07-3103408795core:ComputerEquipment2023-07-3103408795core:CurrentFinancialInstrumentscore:WithinOneYear2024-07-3103408795core:CurrentFinancialInstrumentscore:WithinOneYear2023-07-3103408795core:Non-currentFinancialInstrumentscore:AfterOneYear2024-07-3103408795core:Non-currentFinancialInstrumentscore:AfterOneYear2023-07-3103408795core:CurrentFinancialInstruments2024-07-3103408795core:CurrentFinancialInstruments2023-07-3103408795core:ShareCapital2024-07-3103408795core:ShareCapital2023-07-3103408795core:OtherMiscellaneousReserve2024-07-3103408795core:OtherMiscellaneousReserve2023-07-3103408795core:RetainedEarningsAccumulatedLosses2024-07-3103408795core:RetainedEarningsAccumulatedLosses2023-07-3103408795bus:Director12023-08-012024-07-3103408795core:PlantMachinery2023-08-012024-07-3103408795core:FurnitureFittings2023-08-012024-07-3103408795core:ComputerEquipment2023-08-012024-07-31034087952022-08-012023-07-3103408795core:PlantMachinery2023-07-3103408795core:FurnitureFittings2023-07-3103408795core:ComputerEquipment2023-07-31034087952023-07-3103408795core:WithinOneYear2024-07-3103408795core:WithinOneYear2023-07-3103408795core:Non-currentFinancialInstruments2024-07-3103408795core:Non-currentFinancialInstruments2023-07-3103408795bus:PrivateLimitedCompanyLtd2023-08-012024-07-3103408795bus:SmallCompaniesRegimeForAccounts2023-08-012024-07-3103408795bus:FRS1022023-08-012024-07-3103408795bus:AuditExemptWithAccountantsReport2023-08-012024-07-3103408795bus:FullAccounts2023-08-012024-07-31xbrli:purexbrli:sharesiso4217:GBP