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REGISTERED NUMBER: 04234287 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Omne Agency Ltd

Omne Agency Ltd (Registered number: 04234287)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Omne Agency Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: M P Gividen
M R Grogan
C Davies





SECRETARY: M R Grogan





REGISTERED OFFICE: 1 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW





REGISTERED NUMBER: 04234287 (England and Wales)





ACCOUNTANTS: Godfrey Laws & Co Limited
65 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

Omne Agency Ltd (Registered number: 04234287)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 34,414 204,162
Tangible assets 5 1,210,595 1,068,555
1,245,009 1,272,717

CURRENT ASSETS
Stocks 36,171 28,886
Debtors 6 3,512,124 2,806,789
Cash at bank 1,551,946 1,303,792
5,100,241 4,139,467
CREDITORS
Amounts falling due within one year 7 2,007,949 1,908,834
NET CURRENT ASSETS 3,092,292 2,230,633
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,337,301

3,503,350

PROVISIONS FOR LIABILITIES 173,669 104,482
NET ASSETS 4,163,632 3,398,868

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 4,163,530 3,398,766
4,163,632 3,398,868

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Omne Agency Ltd (Registered number: 04234287)

Balance Sheet - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 January 2025 and were signed on its behalf by:





M P Gividen - Director


Omne Agency Ltd (Registered number: 04234287)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Other intangible are being amortised evenly over their estimated useful life of five years.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Omne Agency Ltd (Registered number: 04234287)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

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 45 (2023 - 44 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2023 453,051
Disposals (414,813 )
At 31 May 2024 38,238
AMORTISATION
At 1 June 2023 248,889
Charge for year 3,824
Eliminated on disposal (248,889 )
At 31 May 2024 3,824
NET BOOK VALUE
At 31 May 2024 34,414
At 31 May 2023 204,162

Omne Agency Ltd (Registered number: 04234287)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and Motor
property property fittings vehicles Totals
£    £    £    £    £   
COST
At 1 June 2023 678,625 - 676,425 494,245 1,849,295
Additions - 121,539 29,262 295,855 446,656
Disposals - - - (142,395 ) (142,395 )
At 31 May 2024 678,625 121,539 705,687 647,705 2,153,556
DEPRECIATION
At 1 June 2023 63,073 - 566,608 151,059 780,740
Charge for year 10,500 30,385 34,769 135,386 211,040
Eliminated on disposal - - - (48,819 ) (48,819 )
At 31 May 2024 73,573 30,385 601,377 237,626 942,961
NET BOOK VALUE
At 31 May 2024 605,052 91,154 104,310 410,079 1,210,595
At 31 May 2023 615,552 - 109,817 343,186 1,068,555

6. DEBTORS
31.5.24 31.5.23
£    £   
Amounts falling due within one year:
Trade debtors 1,831,933 1,408,432
Other debtors 1,674,080 1,396,893
3,506,013 2,805,325

Amounts falling due after more than one year:
Other debtors 6,111 1,464

Aggregate amounts 3,512,124 2,806,789

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 674,800 710,396
Amounts owed to group undertakings 205,258 205,258
Tax 374,994 374,065
Social security and other taxes 66,270 57,472
VAT 331,191 216,718
Other creditors 44,450 28,313
Accrued expenses 310,986 316,612
2,007,949 1,908,834

Omne Agency Ltd (Registered number: 04234287)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
M R Grogan
Balance outstanding at start of year 892,630 -
Amounts advanced 119,906 892,630
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,012,536 892,630

M P Gividen
Balance outstanding at start of year 27,467 -
Amounts advanced 53,031 27,467
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 80,498 27,467

C Davies
Balance outstanding at start of year 5,859 -
Amounts advanced - 5,859
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,859 5,859

9. PARENT COMPANY

The controlling party is The company's parent undertaking is 2MG Limited..

The ultimate controlling party is M R Grogan.