P.E.I. Omega Limited 03213655 true 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is dormant company Digita Accounts Production Advanced 6.30.9574.0 true true true true Mr R Gallagher 03213655 2023-05-01 2024-04-30 03213655 2024-04-30 03213655 bus:OrdinaryShareClass1 2024-04-30 03213655 core:RetainedEarningsAccumulatedLosses 2024-04-30 03213655 core:ShareCapital 2024-04-30 03213655 core:CurrentFinancialInstruments 2024-04-30 03213655 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 03213655 core:OfficeEquipment 2024-04-30 03213655 bus:FRS102 2023-05-01 2024-04-30 03213655 bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 03213655 bus:FullAccounts 2023-05-01 2024-04-30 03213655 bus:RegisteredOffice 2023-05-01 2024-04-30 03213655 bus:CompanySecretaryDirector1 2023-05-01 2024-04-30 03213655 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 03213655 bus:EntityNoLongerTradingButTradedInPast 2023-05-01 2024-04-30 03213655 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03213655 core:OfficeEquipment 2023-05-01 2024-04-30 03213655 countries:EnglandWales 2023-05-01 2024-04-30 03213655 2023-04-30 03213655 core:OfficeEquipment 2023-04-30 03213655 2023-04-30 03213655 bus:OrdinaryShareClass1 2023-04-30 03213655 core:RetainedEarningsAccumulatedLosses 2023-04-30 03213655 core:ShareCapital 2023-04-30 03213655 core:CurrentFinancialInstruments 2023-04-30 03213655 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 03213655 core:OfficeEquipment 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 03213655

P.E.I. Omega Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

 

P.E.I. Omega Limited

Profit and Loss Account for the Year Ended 30 April 2024

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

P.E.I. Omega Limited

(Registration number: 03213655)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed Assets

 

Tangible assets

3

247

247

Current assets

 

Debtors

4

8,027

8,027

Creditors: Amounts falling due within one year

5

(32)

(32)

Net current assets

 

7,995

7,995

Net assets

 

8,242

8,242

Capital and Reserves

 

Called up share capital

6

2

2

Retained Earnings

8,240

8,240

Shareholders' funds

 

8,242

8,242

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 15 January 2025
 

.........................................

Mr R Gallagher

Company secretary and director

 

P.E.I. Omega Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Furness Drive
Poulton Business Park
Poulton-le-Fylde
Lancashire
FY6 8JS

These financial statements were authorised for issue by the director on 15 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency is £ sterling.

Exemption from preparing group accounts

The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that it is a small sized group.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment

33% Reducing balance

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

P.E.I. Omega Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

P.E.I. Omega Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

3

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 May 2023

550

550

At 30 April 2024

550

550

Depreciation

At 1 May 2023

303

303

At 30 April 2024

303

303

Carrying amount

At 30 April 2024

247

247

At 30 April 2023

247

247

4

Debtors

Current

2024
£

2023
£

Trade debtors

217

217

Other debtors

7,810

7,810

 

8,027

8,027

5

Creditors

2024
£

2023
£

Due within one year

Social security and other taxes

32

32

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2