2023-07-01 2024-06-30 false Capium Accounts Production 1.1 08105124 2023-07-01 2024-06-30 08105124 bus:FullAccounts 2023-07-01 2024-06-30 08105124 bus:FRS102 2023-07-01 2024-06-30 08105124 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 08105124 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 08105124 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 08105124 2023-07-01 2024-06-30 08105124 2024-06-30 08105124 bus:RegisteredOffice 2023-07-01 2024-06-30 08105124 core:WithinOneYear 2024-06-30 08105124 core:AfterOneYear 2024-06-30 08105124 1 2023-07-01 2024-06-30 08105124 bus:Director1 2023-07-01 2024-06-30 08105124 bus:Director1 2024-06-30 08105124 bus:Director1 2022-07-01 2023-06-30 08105124 bus:Director2 2023-07-01 2024-06-30 08105124 bus:Director2 2024-06-30 08105124 bus:Director2 2022-07-01 2023-06-30 08105124 2022-07-01 08105124 bus:LeadAgentIfApplicable 2023-07-01 2024-06-30 08105124 2022-07-01 2023-06-30 08105124 2023-06-30 08105124 core:WithinOneYear 2023-06-30 08105124 core:AfterOneYear 2023-06-30 08105124 bus:EntityAccountantsOrAuditors 2022-07-01 2023-06-30 08105124 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 08105124 bus:OrdinaryShareClass1 2024-06-30 08105124 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 08105124 bus:OrdinaryShareClass1 2023-06-30 08105124 core:PlantMachinery 2023-07-01 2024-06-30 08105124 core:PlantMachinery 2024-06-30 08105124 core:PlantMachinery 2023-06-30 08105124 core:MotorCars 2023-07-01 2024-06-30 08105124 core:MotorCars 2024-06-30 08105124 core:MotorCars 2023-06-30 08105124 core:ComputerEquipment 2023-07-01 2024-06-30 08105124 core:ComputerEquipment 2024-06-30 08105124 core:ComputerEquipment 2023-06-30 08105124 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-06-30 08105124 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-06-30 08105124 core:CostValuation core:Non-currentFinancialInstruments 2024-06-30 08105124 core:CostValuation core:Non-currentFinancialInstruments 2023-06-30 08105124 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-06-30 08105124 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-06-30 08105124 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-06-30 08105124 core:Non-currentFinancialInstruments 2024-06-30 08105124 core:Non-currentFinancialInstruments 2023-06-30 08105124 core:ShareCapital 2024-06-30 08105124 core:ShareCapital 2023-06-30 08105124 core:RetainedEarningsAccumulatedLosses 2024-06-30 08105124 core:RetainedEarningsAccumulatedLosses 2023-06-30 08105124 dpl:Item1 2023-07-01 08105124 dpl:Item1 2024-06-30 08105124 dpl:Item1 2022-07-01 08105124 dpl:Item1 2023-06-30 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 08105124
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 30 June 2024

for

OMEGA SCAFFOLDING SOLUTIONS LTD

 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 322,800    297,998 
322,800    297,998 
Current assets      
Debtors 4 431,259    501,938 
Cash at bank and in hand 213,948    196,268 
645,207    698,206 
Creditors: amount falling due within one year 5 (390,884)   (359,760)
Net current assets 254,323    338,446 
 
Total assets less current liabilities 577,123    636,444 
Creditors: amount falling due after more than one year 6 (101,124)   (109,500)
Provisions for liabilities 7 (80,700)   (56,463)
Net assets 395,299    470,481 
 

Capital and reserves
     
Called up share capital 8 100    100 
Profit and loss account 395,199    470,381 
Shareholders' funds 395,299    470,481 
 


For the year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 08 January 2025 and were signed on its behalf by:


-------------------------------
N Barnfield
Director
1
General Information
Omega Scaffolding Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 08105124, registration address 8-11 Chapel Green, Willenhall, West Midlands, WV13 1QY.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Sale of goods
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
The Company has transferred the significant risks and rewards of ownership to the buyer
The Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
The amount of revenue can be measured reliably;
It is probable that the Company will receive the consideration due under the transaction; and
The costs incurred or to be incurred in respect of the transaction can be measured reliably.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 25% Reducing Balance
Plant and Machinery 10% Reducing Balance
Computer Equipment 25% Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Debtors and creditors receivable/ payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in the other administrative expenses.

Cash and cash equivalents

Cash at bank and in hand 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.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 25 (2023 : 22).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Computer Equipment   Total
  £   £   £   £
At 01 July 2023 275,715    261,221    9,724    546,660 
Additions 2,620    119,059    358    122,037 
Disposals   (85,230)     (85,230)
At 30 June 2024 278,335    295,050    10,082    583,467 
Depreciation
At 01 July 2023 106,299    135,185    7,178    248,662 
Charge for year 17,059    30,604    726    48,389 
On disposals   (36,384)     (36,384)
At 30 June 2024 123,358    129,405    7,904    260,667 
Net book values
Closing balance as at 30 June 2024 154,977    165,645    2,178    322,800 
Opening balance as at 01 July 2023 169,416    126,036    2,546    297,998 

The net book value of Motor Vehicles includes £ 29,620 (2023 £39,493) in respect of assets leased under finance leases or hire purchase contracts.

4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 423,690    524,909 
Other Debtors 7,569    (22,971)
431,259    501,938 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 35,673    34,142 
Bank Loans & Overdrafts 74,513    74,513 
Taxation and Social Security 68,086    89,589 
Obligations under HP/Financial Leases 24,352    28,571 
Other Creditors 188,260    132,945 
390,884    359,760 

6.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 8,821    71,321 
Obligations under HP/Financial Leases 92,157    37,942 
Other Creditors 146    237 
101,124    109,500 

7.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 80,700    56,463 
80,700    56,463 

8.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

9.

Ultimate parent company

The ultimate parent company is Omega Scaffolding Holdings Limited, a company registered in England and Wales.
10.

Ultimate controlling party

There is no ultimate controlling party by virtue of no controlling interest in the ultimate parent company.
2