Company Registration No. 06106543 (England and Wales)
OMSTAN LIMITED
Unaudited accounts
for the year ended 29 February 2024
OMSTAN LIMITED
Unaudited accounts
Contents
OMSTAN LIMITED
Company Information
for the year ended 29 February 2024
Company Number
06106543 (England and Wales)
Registered Office
30 Commonwealth Way
Abbeywood
London
SE2 0JZ
Accountants
Brown & Bam Associates
143 Pembury Avenue
Worcester Park
Surrey
County (optional)
KT4 8BX
OMSTAN LIMITED
Accountants' report
Accountants' report to the director of OMSTAN LIMITED on the preparation of the unaudited statutory accounts for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
OMSTAN LIMITED for the year ended
29 February 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of OMSTAN LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of OMSTAN LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than OMSTAN LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that OMSTAN LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of OMSTAN LIMITED. You consider that OMSTAN 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 accounts of OMSTAN 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 accounts.
Brown & Bam Associates
143 Pembury Avenue
Worcester Park
Surrey
County (optional)
KT4 8BX
25 November 2024
OMSTAN LIMITED
Statement of financial position
as at 29 February 2024
Tangible assets
25,489
22,129
Cash at bank and in hand
137
9
Creditors: amounts falling due within one year
(63,864)
(58,325)
Net current liabilities
(62,108)
(56,684)
Total assets less current liabilities
(36,619)
(34,555)
Creditors: amounts falling due after more than one year
(18,500)
(18,500)
Net liabilities
(55,119)
(53,055)
Called up share capital
1,000
1,000
Profit and loss account
(56,119)
(54,055)
Shareholders' funds
(55,119)
(53,055)
For the year ending 29 February 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 November 2024 and were signed on its behalf by
Stanley Tseke
Director
Company Registration No. 06106543
OMSTAN LIMITED
Notes to the Accounts
for the year ended 29 February 2024
OMSTAN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06106543. The registered office is 30 Commonwealth Way, Abbeywood, London, SE2 0JZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Other tangible fixed assets
20
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The board of director(s) has a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future. For these reasons, the board decides to continue to adopt the going concern basis in preparing the financial statements for the company.
OMSTAN LIMITED
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
28,675
2,186
1,585
32,446
At 29 February 2024
32,035
2,186
1,585
35,806
At 1 March 2023
6,546
2,186
1,585
10,317
At 29 February 2024
6,546
2,186
1,585
10,317
At 29 February 2024
25,489
-
-
25,489
At 28 February 2023
22,129
-
-
22,129
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
63,712
58,173
Taxes and social security
2
2
7
Creditors: amounts falling due after more than one year
2024
2023
Amounts owed to group undertakings and other participating interests
18,500
18,500
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).