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REGISTERED NUMBER: 07225826 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

OMEGA BUILDING SOLUTIONS LTD

OMEGA BUILDING SOLUTIONS LTD (REGISTERED NUMBER: 07225826)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OMEGA BUILDING SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Mr Y Kadiu





REGISTERED OFFICE: 4A Northfield Road
Barnet
Hertfordshire
EN4 9DL





REGISTERED NUMBER: 07225826 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

OMEGA BUILDING SOLUTIONS LTD (REGISTERED NUMBER: 07225826)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,426 28,091
Investment property 5 831,167 831,167
853,593 859,258

CURRENT ASSETS
Stocks 1,249 10,583
Debtors 6 10,985 31,941
Cash at bank and in hand 504,866 102,325
517,100 144,849
CREDITORS
Amounts falling due within one year 7 364,988 210,269
NET CURRENT ASSETS/(LIABILITIES) 152,112 (65,420 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,005,705

793,838

CREDITORS
Amounts falling due after more than one
year

8

568,889

568,889
NET ASSETS 436,816 224,949

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 436,814 224,947
SHAREHOLDERS' FUNDS 436,816 224,949

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 director acknowledges his 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.

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.

OMEGA BUILDING SOLUTIONS LTD (REGISTERED NUMBER: 07225826)

BALANCE SHEET - continued
30 APRIL 2024



The financial statements were approved by the director and authorised for issue on 30 January 2025 and were signed by:





Mr Y Kadiu - Director


OMEGA BUILDING SOLUTIONS LTD (REGISTERED NUMBER: 07225826)

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


1. STATUTORY INFORMATION

Omega Building Solutions Ltd 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 represents amounts derived from the provision of services to customers during the year, and is recognised at the date the service was provided. This is stated after trade discounts, other sales taxes and net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks and work in progress are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

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 balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

OMEGA BUILDING SOLUTIONS LTD (REGISTERED NUMBER: 07225826)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 2,106 50,976 5,643 58,725
DEPRECIATION
At 1 May 2023 1,182 26,335 3,117 30,634
Charge for year 231 4,929 505 5,665
At 30 April 2024 1,413 31,264 3,622 36,299
NET BOOK VALUE
At 30 April 2024 693 19,712 2,021 22,426
At 30 April 2023 924 24,641 2,526 28,091

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 831,167
NET BOOK VALUE
At 30 April 2024 831,167
At 30 April 2023 831,167

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
CIS deductions - 12,642
Prepayments 10,985 19,299
10,985 31,941

OMEGA BUILDING SOLUTIONS LTD (REGISTERED NUMBER: 07225826)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts - 12,568
Trade creditors 44,056 11,237
Tax 84,050 368
Social security and other taxes 975 589
Net wages 11,001 11,618
VAT 40,232 2,498
Other creditors 4,014 -
Pension control 512 363
Directors' current accounts 160,844 114,028
Deferred income 17,304 55,000
Accrued expenses 2,000 2,000
364,988 210,269

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans (see note 9) 568,889 568,889

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 568,889 568,889

9. LOANS

An analysis of the maturity of loans is given below:

30.4.24 30.4.23
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 568,889 568,889

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
2 Ordinary shares 1 2 2

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Y Kadiu.