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REGISTERED NUMBER: 13319142 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Omtek Global Limited

Omtek Global Limited (Registered number: 13319142)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Omtek Global Limited

Company Information
for the Year Ended 30 April 2024







Directors: J P Pritchard
L J Pritchard





Registered office: 31 Yewdale Drive
Whitby
Ellesmere Port
CH66 2UP





Registered number: 13319142 (England and Wales)





Accountants: Ellis & Co
Chartered Accountants
114-120 Northgate Street
Chester
CH1 2HT

Omtek Global Limited (Registered number: 13319142)

Statement of Financial Position
30 April 2024

30/4/24 30/4/23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 28,545 43,437

Current assets
Debtors 5 14,205 29,285
Cash at bank 8,578 648
22,783 29,933
Creditors
Amounts falling due within one year 6 11,225 18,600
Net current assets 11,558 11,333
Total assets less current liabilities 40,103 54,770

Creditors
Amounts falling due after more than
one year

7

(33,834

)

(39,140

)

Provisions for liabilities (5,424 ) (4,561 )
Net assets 845 11,069

Capital and reserves
Called up share capital 100 100
Retained earnings 745 10,969
Shareholders' funds 845 11,069

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Omtek Global Limited (Registered number: 13319142)

Statement of Financial Position - continued
30 April 2024


The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 January 2025 and were signed on its behalf by:





J P Pritchard - Director


Omtek Global Limited (Registered number: 13319142)

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

1. Statutory information

Omtek Global Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Omtek Global Limited (Registered number: 13319142)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. Employees and directors

The average number of employees during the year was 1 (2023 - 2 ) .

4. Tangible fixed assets
Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 May 2023
and 30 April 2024 57,090 1,859 58,949
Depreciation
At 1 May 2023 14,273 1,239 15,512
Charge for year 14,272 620 14,892
At 30 April 2024 28,545 1,859 30,404
Net book value
At 30 April 2024 28,545 - 28,545
At 30 April 2023 42,817 620 43,437

5. Debtors: amounts falling due within one year
30/4/24 30/4/23
£    £   
Trade debtors - 29,285
Other debtors 14,205 -
14,205 29,285

6. Creditors: amounts falling due within one year
30/4/24 30/4/23
£    £   
Hire purchase contracts 5,306 5,306
Taxation and social security 3,949 99
Other creditors 1,970 13,195
11,225 18,600

7. Creditors: amounts falling due after more than one year
30/4/24 30/4/23
£    £   
Hire purchase contracts 33,834 39,140

Omtek Global Limited (Registered number: 13319142)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. Secured debts

The following secured debts are included within creditors:

30/4/24 30/4/23
£    £   
Hire purchase contracts 39,140 44,446

Debts under hire purchase contracts are secured on the underlying asset.

9. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30/4/24 30/4/23
£    £   
J P Pritchard
Balance outstanding at start of year - -
Amounts advanced 76,770 -
Amounts repaid (62,565 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,205 -

Advances to the director are interest free and repayable on demand. The maximum balance outstanding during the year was £38,368.
Advances include £5,000 on 8 November 2023, £5,000 on 12 December 2023, £5,000 on 27 December 2023, £5,000 on 20 March 2024, £10,579 on 24 April 2023, £15,259 on 22 June 2023 and £12,000 on 27 June 2023.
Repayments include £12,000 on 27 June 2023 and £22,000 on 30 April 2024