Acorah Software Products - Accounts Production 16.0.110 false true true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 06136278 Mr J Bethray Mrs A Freeman Mr J Bethray iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06136278 2023-08-31 06136278 2024-08-31 06136278 2023-09-01 2024-08-31 06136278 frs-core:CurrentFinancialInstruments 2024-08-31 06136278 frs-core:ComputerEquipment 2024-08-31 06136278 frs-core:ComputerEquipment 2023-09-01 2024-08-31 06136278 frs-core:ComputerEquipment 2023-08-31 06136278 frs-core:FurnitureFittings 2024-08-31 06136278 frs-core:FurnitureFittings 2023-09-01 2024-08-31 06136278 frs-core:FurnitureFittings 2023-08-31 06136278 frs-core:MotorVehicles 2023-09-01 2024-08-31 06136278 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 06136278 frs-bus:CompanyLimitedByGuarantee 2023-09-01 2024-08-31 06136278 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 06136278 frs-bus:SmallEntities 2023-09-01 2024-08-31 06136278 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 06136278 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 06136278 frs-core:DeferredTaxation 2023-09-01 2024-08-31 06136278 frs-core:DeferredTaxation 2023-08-31 06136278 frs-core:DeferredTaxation 2024-08-31 06136278 frs-bus:Director1 2023-09-01 2024-08-31 06136278 frs-bus:Director2 2023-09-01 2024-08-31 06136278 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 06136278 frs-countries:EnglandWales 2023-09-01 2024-08-31 06136278 2022-08-31 06136278 2023-08-31 06136278 2022-09-01 2023-08-31 06136278 frs-core:CurrentFinancialInstruments 2023-08-31 06136278 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 06136278
OMBS Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Richards Associates Limited
North Lodge
Hawkesyard
Rugeley
Staffordshire
WS15 1PS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06136278
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 24,708 28,656
24,708 28,656
CURRENT ASSETS
Debtors 5 24,274 15,159
Cash at bank and in hand 470,470 444,223
494,744 459,382
Creditors: Amounts Falling Due Within One Year 6 (519,896 ) (487,785 )
NET CURRENT ASSETS (LIABILITIES) (25,152 ) (28,403 )
TOTAL ASSETS LESS CURRENT LIABILITIES (444 ) 253
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,695 ) (5,445 )
NET LIABILITIES (5,139 ) (5,192 )
Income and Expenditure Account (5,139 ) (5,192 )
MEMBERS' FUNDS (5,139) (5,192)
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For the year ending 31 August 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 and Expenditure Account.
On behalf of the board
Mr J Bethray
Director
11 November 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
OMBS Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 06136278 . The registered office is 1 Cambridge Terrace, Oxford, Oxfordshire, OX1 1RR.
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
At the time of approving the financial statements the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
The directors continue to adopt the going concern basis of accounting in preparing financial statements.
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.
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:
Motor Vehicles 25% on cost
Fixtures & Fittings 10% on cost
Computer Equipment 33% on cost
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income and expenditure account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income and expenditure account as incurred.
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2.6. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in surplus or deficit, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income and expenditure account as they become payable in accordance with the rules of the scheme.
2.9. Payments in advance
These relate to fees received in advance of the course start. Each student is required to pay one terms fees in advance.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 14)
10 14
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 September 2023 63,700 160,666 224,366
Additions - 20,204 20,204
As at 31 August 2024 63,700 180,870 244,570
Depreciation
As at 1 September 2023 60,036 135,674 195,710
Provided during the period 3,397 20,755 24,152
As at 31 August 2024 63,433 156,429 219,862
Net Book Value
As at 31 August 2024 267 24,441 24,708
As at 1 September 2023 3,664 24,992 28,656
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 2,250
Prepayments and accrued income 2,485 -
Other debtors 21,789 12,909
24,274 15,159
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 126,380 56,759
Corporation tax - 10
Other taxes and social security 13,544 8,806
Other creditors 39,926 24,921
Accruals and deferred income 10,296 996
Payments in advance 329,750 396,293
519,896 487,785
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7. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 September 2023 5,445 5,445
Utilised (750 ) (750)
Balance at 31 August 2024 4,695 4,695
8. Related Party Transactions
OMBS Investments Limited
During the year £104,400 was paid to OMBS Investments Limited (2023: £7,237), a company under common ownership and control, for services provided. 
At the balance sheet date there is an outstanding balance payable to this related for £78,900 (2023: £48,000).
Falcon Boat Club
During the year there was donations made of £33,739 (2023: £24,000) to Falcon Boat Club, a registered charity . Mr Bethray, the company director, is the treasurer of the charity.
9. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
10. Secured debts
Charges are registered against this company in respect of properties held by a related party.
11.    Status
OMBS Limited is a company limited by guarantee not having any share capital. At 31 August 2024, there were 2 members (2023: 2). Each member is obligated to contribute to the company a sum of £1 in the event of the company being wound up whilst he / she is a member, or within one year after he/she has ceased to be a member, for payments of debts and liabilities of the company contracted before he / she ceases to be a member, and of the costs, charges and expenses of a winding up and for the adjustments of the rights of the contributors amongst themselves.
12. Going Concern
Total liabilities exceed total assets, however, the company is able to meet its liabilities as they fall due.
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