Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-301true2023-05-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false1other business support service activities not elsewhere classifiedfalsefalse 11953496 2023-05-01 2024-04-30 11953496 2022-05-01 2023-04-30 11953496 2024-04-30 11953496 2023-04-30 11953496 c:Director1 2023-05-01 2024-04-30 11953496 d:CurrentFinancialInstruments 2024-04-30 11953496 d:CurrentFinancialInstruments 2023-04-30 11953496 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 11953496 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 11953496 d:ShareCapital 2024-04-30 11953496 d:ShareCapital 2023-04-30 11953496 d:RetainedEarningsAccumulatedLosses 2024-04-30 11953496 d:RetainedEarningsAccumulatedLosses 2023-04-30 11953496 c:FRS102 2023-05-01 2024-04-30 11953496 c:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 11953496 c:FullAccounts 2023-05-01 2024-04-30 11953496 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11953496 2 2023-05-01 2024-04-30 11953496 6 2023-05-01 2024-04-30 11953496 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 11953496










OMFIC LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
OMFIC LIMITED
 
 
  
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF OMFIC LIMITED
FOR THE YEAR ENDED 30 APRIL 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of OMFIC LIMITED for the year ended 30 April 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 Association of Chartered Certified Accountantswe are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html.

This report is made solely to the director of OMFIC LIMITED in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of OMFIC LIMITED and state those matters that we have agreed to state to the director of OMFIC LIMITED in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal .com/content/dam/ACCA_Global /Technical /fact/technical-factsheet -163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than OMFIC LIMITED and its director for our work or for this report. 

It is your duty to ensure that OMFIC 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 OMFIC LIMITED. You consider that OMFIC LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of OMFIC 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.

  



Alder Demain & Akers Limited
 
2 Michaels Court
Hanney Road
Southmoor
Oxfordshire
OX13 5HR
19 November 2024
Page 1

 
OMFIC LIMITED
REGISTERED NUMBER: 11953496

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
420,469
398,694

  
420,469
398,694

Current assets
  

Cash at bank and in hand
 5 
370
245

  
370
245

Creditors: amounts falling due within one year
 6 
(423,935)
(439,753)

Net current liabilities
  
 
 
(423,565)
 
 
(439,508)

Total assets less current liabilities
  
(3,096)
(40,814)

  

Net liabilities
  
(3,096)
(40,814)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(3,097)
(40,815)

  
(3,096)
(40,814)


Page 2

 
OMFIC LIMITED
REGISTERED NUMBER: 11953496
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 November 2024.




Oisin Domhnaill Murphy
Director

The notes on pages 4 to 6 form part of these financial statements.

Page 3

 
OMFIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

OMFIC Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2 Michaels Court, Hanney Road, Southmoor, Oxfordshire, OX13 5HR.  

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
OMFIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including the director, during the year was as follows:


        2024
        2023
            No.
            No.







Directors
1
1

Page 5

 
OMFIC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 May 2023
398,694


Additions
280,011


Disposals
(399,199)


Revaluations
140,963



At 30 April 2024
420,469





5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
370
245

370
245



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
419,955
436,693

Accruals and deferred income
3,980
3,060

423,935
439,753


 
Page 6