Registered number
10540590
OMNIA OUTSOURCING LIMITED
Report and Financial Statements
29 April 2024
OMNIA OUTSOURCING LIMITED
Report and accounts
Contents
Page
Company information 1
Directors' report 2
Statement of directors' responsibilities 4
Strategic report 5
Independent auditor's report 6
Income statement 9
Statement of financial position 10
Statement of changes in equity 11
Statement of cash flows 12
Notes to the financial statements 13
OMNIA OUTSOURCING LIMITED
Company Information
Directors
J Pittaway
D Browne
D Mott
Auditors
Adam & Co Accountancy Ltd
First Floor
1 Edmund Street
Bradford
West Yorkshire
BD5 0BH
Registered office
Omnia Outsourcing
40 Caversham Road
Reading
Berkshire
RG1 7EB
Registered number
10540590
OMNIA OUTSOURCING LIMITED
Registered number: 10540590
Directors' Report
The directors present their report and financial statements for the period ended 29 April 2024.
Principal activities
The principal activity of the company in the period under review was that of office administrative service activities.
Future developments
The Company is committed to increasing business from existing customers and winning new customers.
Going concern
The Directors are of the opinion that Company can continue in operational existence for a period of at least 12 months from the date of approval of the financial statements and have the full continued support and backing of the Shareholders. The Shareholders have confirmed their willingness to provide such financial support as the company shall require for the foreseeable future. They therefore continue to adopt the going concern basis of accounting in preparing the annual financial statements.
Events since the balance sheet date
See notes to the accounts.
Directors
The following persons served as directors during the period:
J Pittaway
D Browne
D Mott
Political donations
The company made no political donations during the current or previous year.
Disclosure of information to auditors
Each person who was a director at the time this report was approved confirms that:
so far as he is aware, there is no relevant audit information of which the company's auditor is unaware; and
he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditor is aware of that information.
Engagement with suppliers and customers
The company understands the importance of good and regular engagement with its suppliers, customers and other key stakeholders.

The company strives to provide the highest quality service whilst ensuring compliance with key regulatory issues such as IR35, Modern Slavery and Gender Pay Gap. As such the company recognises the importance of maintaining strong and transparent relationships with regulators such as HMRC.

The nature of the Company's trade means that we have a significant number of relationships with customers of varying size. Communication is maintained with customers through various avenues such as in person, the company's website and social media.

The company always looks to give back where possible and therefore supports a different charity each year and is recognised by the Armed Forces Employer recognition scheme to support former military personnel and service family members.
Engagement with employees
The responsibility for formulating, implementing and ensuring adherence to employment policies and relevant legislation falls under the remit of our Human Resources function. The company fully supports the principle of equal opportunity for all employees and opposes all forms of discrimination and has policies to ensure it meets its legal obligations. It is also company policy to give full and fair consideration to the recruitment of disabled persons, and to provide such persons with the same training, career development and promotion opportunities as other employees. In the event of employees becoming disabled, every effort is made to ensure that their employment within the company continues and that appropriate training is provided. The company believes in open and continuous communications as an important part of the employee engagement process. The company have various internal communication channels for informing employees about financial results, business development and other news concerning the company and its people. Our Code of Ethics applies to all employees.
This report was approved by the board on 24 January 2025 and signed on its behalf.
D Mott
Director
OMNIA OUTSOURCING LIMITED
Statement of Directors' Responsibilities
The directors are responsible for preparing the report and financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102 and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
OMNIA OUTSOURCING LIMITED
Strategic Report
REVIEW OF BUSINESS: The company continues to grow and Omnia has delivered timely payroll services to a variety of sector clients using software and human expertise; playing to strengths of all team members. This has allowed Omnia to become a credible and respected payroll company recognised within and peripheral to the industry. The Omnia team continue to maintain and grow their market share. PRINCIPAL RISKS AND UNCERTAINTIES: The principal risks and uncertainties facing the company relate to the strength of the UK market and changes in tax legislation. The Company stays abreast of any such changes and is dynamic in its approach to facilitating any changes which are necessary. The Company is an accredited member of the leading trade and compliance body. SECTION 172(1) STATEMENT: The directors of the company act in the way they consider, in good faith, is most likely to promote the success of the company for the benefit of its members as a whole, and in doing so have regard (amongst other matters) to: -  the likely consequences of any decision in the long term; -  the interests of the company's employees the need to foster the company's business relationships with suppliers, customers and others; the impact of the company's operations on the community and the environment; -  the desirability of the company maintaining a reputation for high standards of business conduct; - and the need to act fairly as between members of the company. The Board regularly reviews and discusses how to maintain effective relationships with various stakeholders throughout day-to-day business operations, other activities and ad hoc events. The Board understands the importance of good and regular two-way communication with suppliers, customers and employees using a variety of channels and approaches, depending on which is deemed appropriate to each set of circumstances. The company results were as follows for 2024: Turnover £156 million (£129 million 2023), Gross profit £3 million (£2 million 2023), Loss before tax -£32,940 (profit £251,160 2023) and Net assets £254,187 (£278,065 2023) The company's growth has been buoyed by the changes to and complexity surrounding the IR35 regime and the company obtaining FCSA accreditation. This has been offset by the rising costs of overheads, bad debts and labour costs.
This report was approved by the board on 24 January 2025 and signed on its behalf.
D Mott
Director
OMNIA OUTSOURCING LIMITED
Independent auditor's report
to the members of OMNIA OUTSOURCING LIMITED
Opinion
We have audited the financial statements of OMNIA OUTSOURCING LIMITED (the 'company') for the period ended 29 April 2024 which comprise the Income Statement, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the company's affairs as at 29 April 2024 and of its loss for the period then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. Change of auditors: Gerald Edelman LLP resigned as auditors during 2024 and the new auditors took over, Adam & Co Accountancy Ltd. The leaving auditors, Gerald Edelman LLP had nothing to report to the new auditors.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the strategic report and the directors’ report for the financial period for which the financial statements are prepared is consistent with the financial statements; and
the strategic report and the directors’ report have been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors’ report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors’ remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.
Responsibilities of directors
As explained more fully in the directors’ responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor’s responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Extent to which the audit was considered capable of detecting irregularities, including fraud
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:
The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations.
Enquiring of management of whether they are aware of any non-compliance with laws and regulations. Enquiring of management whether they have knowledge of any actual, suspected or alleged fraud.
Enquiring of management their internal controls established to mitigate risk related to fraud or non-compliance with laws and regulations. Discussions amongst the engagement team on how and where fraud might occur in the financial statements and any potential indicators of fraud. As part of this discussion, we identified potential for fraud in the following areas; posting of unusual journals. Obtain an understanding of the legal and regulatory framework the company operates in focusing on those laws and regulations that had a direct effect on the financial statements or that had a fundamental effect on the operations. The key laws and regulations we considered in this context included UK Companies Act, tax legislation, data protection, anti-bribery, employment and health and safety.
Audit response to risks identified Fraud due to management override
To address the risk of fraud through management bias and override of controls, we: Performed analytical procedures to identify any unusual or unexpected relationships. Audited the risk of management override of controls, including through testing journal entries for appropriateness; Assessed whether judgements and assumptions made in determining the accounting estimates set out in note 2 were indicative of potential bias; and Investigated the rationale behind significant or unusual transactions. Irregularities and non-compliance with laws and regulations. In response to the risk of irregularities and non compliance with laws and regulations, we designed procedures which included, but are not limited to:
Agreeing financial statements disclosures to underlying supporting documentation. Enquiring of management as to actual and potential litigation claims. Reviewing correspondence with HMRC.  
The test nature and other inherent limitations of an audit, together with the inherent limitations of any accounting and internal control system, mean that there is an unavoidable risk that even some material misstatements in respect of irregularities may remain undiscovered even though the audit is properly planned and performed in accordance with ISAs (UK). Furthermore, the more removed that laws and regulations are from financial transactions, the less likely that we would become aware of non-compliance.
 Our examination should therefore not be relied upon to disclose all such material misstatements or frauds, errors or instances of non-compliance that might exist. The responsibility for safeguarding the assets of the company and for the prevention and detection of fraud, error and non-compliance with law or regulations rests with the directors.
A further description of our responsibilities for the audit of the financial statements is available on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Shahbaz Munir (FCCA)
(Senior Statutory Auditor) First Floor
for and on behalf of 1 Edmund Street
Adam & Co Accountancy Ltd Bradford
Statutory Auditor West Yorkshire
24 January 2025 BD5 0BH
OMNIA OUTSOURCING LIMITED
Income Statement
for the period from 1 May 2023 to 29 April 2024
Notes 2024 2023
£ £
Turnover 2 156,644,096 129,752,798
Cost of sales (153,386,051) (127,146,634)
Gross profit 3,258,045 2,606,164
Administrative expenses (3,789,067) (2,430,746)
Other operating income 484,365 54,591
Operating (loss)/profit 3 (46,657) 230,009
Interest receivable 13,717 21,328
Interest payable 6 - (177)
(Loss)/profit on ordinary activities before taxation (32,940) 251,160
Tax on (loss)/profit on ordinary activities 7 9,062 (60,312)
(Loss)/profit for the period (23,878) 190,848
OMNIA OUTSOURCING LIMITED
Statement of Financial Position
as at 29 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 8 43,433 18,696
Current assets
Debtors 9 10,634,346 6,708,122
Cash at bank and in hand 217,999 3,101,932
10,852,345 9,810,054
Creditors: amounts falling due within one year 10 (10,645,979) (9,546,011)
Net current assets 206,366 264,043
Total assets less current liabilities 249,799 282,739
Provisions for liabilities
Deferred taxation 11 4,388 (4,674)
Net assets 254,187 278,065
Capital and reserves
Called up share capital 12 100 100
Profit and loss account 13 254,087 277,965
Total equity 254,187 278,065
D Mott
Director
Approved by the board on 24 January 2025
OMNIA OUTSOURCING LIMITED
Statement of Changes in Equity
for the period from 1 May 2023 to 29 April 2024
Share Share Other Profit Total
capital premium reserves and loss
account
£ £ £ £ £
At 1 May 2022 100 - - 387,117 387,217
Profit for the financial year 190,848 190,848
Dividends (300,000) (300,000)
At 30 April 2023 100 - - 277,965 278,065
At 1 May 2023 100 - - 277,965 278,065
Loss for the period (23,878) (23,878)
At 29 April 2024 100 - - 254,087 254,187
OMNIA OUTSOURCING LIMITED
Statement of Cash Flows
for the period from 1 May 2023 to 29 April 2024
Notes 2024 2023
£ £
Operating activities
(Loss)/profit for the period (23,878) 190,848
Adjustments for:
Income from investments/grants - 1,500
Interest receivable 13,717 (21,328)
Interest payable - 177
Tax on (loss)/profit on ordinary activities (9,062) 60,312
Depreciation 14,828 9,990
Increase in debtors (3,926,224) (2,478,553)
Increase in creditors 1,099,968 104,511
(2,830,651) (2,132,543)
Cash used in operating activities (2,830,651) (2,132,543)
Investing and finance activities
Payments to acquire tangible fixed assets (39,565) (12,478)
Directors account (13,717) (193,178)
Dividends paid - (300,000)
(53,282) (505,656)
Net cash used
Cash used in operating activities (2,830,651) (2,132,543)
Cash used in investing activities (53,282) (505,656)
Net cash used (2,883,933) (2,638,199)
Cash and cash equivalents at 1 May 3,101,932 5,740,131
Cash and cash equivalents at 29 April 217,999 3,101,932
Cash and cash equivalents comprise:
Cash at bank 217,999 3,101,932
- -
OMNIA OUTSOURCING LIMITED
Notes to the Accounts
for the period from 1 May 2023 to 29 April 2024
1 Summary of significant accounting policies
Basis of preparation
The financial statements 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Computer equipment 33% on initial cost
Fixtures, fittings, tools and equipment 12% on initial cost
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction.

At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Analysis of turnover 2024 2023
£ £
Services rendered 156,644,096 129,752,798
By geographical market:
UK 156,644,096 129,752,798
3 Operating profit 2024 2023
£ £
This is stated after charging:
Depreciation of owned fixed assets 14,828 9,990
Foreign exchange differences 26 85
Auditors' remuneration for audit services 39,600 39,600
Advertising 558,610 490,293
Management, other personnel salaries and compensation (including directors' emoluments) 1,182,075 862,541
4 Directors' emoluments 2024 2023
£ £
Emoluments 88,344 39,429
Pension contributions 55,000 31,000
143,344 70,429
Highest paid director:
Emoluments 66,783 39,429
Company contributions to defined contribution pension plans 55,000 31,000
121,783 70,429
5 Staff costs 2024 2023
£ £
Wages and salaries 1,013,062 743,482
Social security costs 99,956 63,517
Other pension costs 14,057 24,542
1,127,075 831,541
Average number of employees during the year Number Number
Direct labour (Umbrella) 955 771
Administration (including 2 directors) 40 33
995 804
6 Interest payable 2024 2023
£ £
Other loans - 177
7 Taxation 2024 2023
£ £
Analysis of charge in period
Current tax:
UK corporation tax on profits of the period - 60,312
Deferred tax:
Origination and reversal of timing differences (9,062) -
Tax on (loss)/profit on ordinary activities (9,062) 60,312
Factors affecting tax charge for period
The differences between the tax assessed for the period and the standard rate of corporation tax are explained as follows:
2024 2023
£ £
(Loss)/profit on ordinary activities before tax (32,940) 251,160
Standard rate of corporation tax in the UK 19% 20%
£ £
Profit on ordinary activities multiplied by the standard rate of corporation tax (6,259) 50,232
Effects of:
Expenses not deductible for tax purposes 9,388 10,080
Capital allowances for period in excess of depreciation (7,517) -
Adjustments to tax charge in respect of previous periods (4,674) -
Current tax charge for period (9,062) 60,312
Factors that may affect future tax charges
Factors that may affect future tax charges are any changes in tax law and future government budgets.
8 Tangible fixed assets
Plant and machinery Fixtures, fittings, tools and equipment Total
At cost At cost
£ £ £
Cost or valuation
At 1 May 2023 58,617 - 58,617
Additions - 39,565 39,565
At 29 April 2024 58,617 39,565 98,182
Depreciation
At 1 May 2023 39,921 - 39,921
Charge for the period 9,990 4,838 14,828
At 29 April 2024 49,911 4,838 54,749
Carrying amount
At 29 April 2024 8,706 34,727 43,433
At 30 April 2023 18,696 - 18,696
9 Debtors 2024 2023
£ £
Trade debtors 3,035,975 2,434,902
Directors current account (10,694) 223,613
Deferred tax asset (see note 11) 4,388 -
Other debtors 63,273 734,629
Prepayments and accrued income 4,041,622 3,314,978
Omnia Group Services 3,499,782 -
10,634,346 6,708,122
10 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 370,687 -
Amounts owed to group undertakings and undertakings in which the company has a participating interest 9,088 59,158
Corporation tax 104,002 14,997
Other taxes and social security costs 1,240,579 1,700,413
Other creditors 4,061,524 4,279,519
Accruals and deferred income 4,860,099 3,491,924
10,645,979 9,546,011
11 Deferred taxation 2024 2023
£ £
Accelerated capital allowances (4,388) 4,674
2024 2023
£ £
At 1 May 4,674 4,674
Credited to the profit and loss account (9,062) -
At 29 April (4,388) 4,674
12 Share capital Nominal 2024 2024 2023
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
13 Profit and loss account 2024 2023
£ £
At 1 May 277,965 387,117
(Loss)/profit for the period (23,878) 190,848
Dividends - (300,000)
At 29 April 254,087 277,965
14 Dividends 2024 2023
£ £
Dividends on ordinary shares (note 13) - 300,000
15 Events after the reporting date
The Omnia Group Services (OGS) debt was transferred to D. Browne personally when he personally purchased the Omnia Outsourcing shares from OGS on 4 May 2024. The shares were subsquently sold by D.Browne to Omnia Payroll on 29 October 2024, and the outstanding debt was also transferred to Omnia Payroll Limited. Thus making Darrell Mott the ultimate controlling party. The debt factoring facility referred to in the FY2023 accounts was terminated early on the 29/11/2024.
16 Contingent liabilities
As per the Directors' report, the Company has not compiled with the disclosure requirements of the SECR, there is a possibility that this may result in economic outflows from Omnia Outsourcing Limited, but at this stage the amount may not be quantified.
17 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
J Pittaway
[Loan 1] 130,466 - (141,160) (10,694)
I Herron
[Loan 1] 93,147 - (93,147) -
223,613 - (234,307) (10,694)
18 Related party transactions
Amounts due from related parties in the form of loans to shareholders were recovered in full on 4 May 2023. The remaining balance due from related parties was recovered on 28 December 2023. Terms and conditions of transactions with related parties
Sales and purchases are conducted at normal market rates. Outstanding balances are unsecured, interest free and settlement is expected under normal trading terms.
19 Controlling party
The directors have ultimate control of the company because of their shareholding in Omnia Outsourcing Limited
20 Presentation currency
The financial statements are presented in Sterling.
21 Legal form of entity and country of incorporation
OMNIA OUTSOURCING LIMITED is a private company limited by shares and incorporated in England.
22 Principal place of business
The address of the company's principal place of business and registered office is:
Office 301, Merlin House, Commerce Park,
Brunel Road,
Theale,
Berkshire,
RG7 4AB
23 Reconciliations on adoption of FRS 102
Profit and loss for the year ended 30 April 2023 £
Profit under former UK GAAP 190,848
Profit under FRS 102 190,848
Balance sheet at 30 April 2023 £
Equity under former UK GAAP 278,065
Equity under FRS 102 278,065
Balance sheet at 1 May 2022 £
Equity under former UK GAAP -
Equity under FRS 102 -
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