Company Registration No. 09188682 (England and Wales)
The Omega Academy Ltd
Unaudited accounts
for the year ended 31 August 2024
The Omega Academy Ltd
Unaudited accounts
Contents
The Omega Academy Ltd
Company Information
for the year ended 31 August 2024
Company Number
09188682 (England and Wales)
Registered Office
52 Uppingham Avenue
Stanmore
Middlesex
HA7 2JX
Accountants
Abacus Accounting Solutions Ltd
5 Pasture Close
North Wembley
Middlesex
HA0 3JE
The Omega Academy Ltd
Statement of financial position
as at 31 August 2024
Cash at bank and in hand
4,527
3,577
Creditors: amounts falling due within one year
(74,014)
(62,960)
Net current liabilities
(15,618)
(30,514)
Net liabilities
(15,272)
(30,066)
Called up share capital
2
2
Profit and loss account
(15,274)
(30,068)
Shareholders' funds
(15,272)
(30,066)
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 February 2025 and were signed on its behalf by
Devesh Modi
Director
Company Registration No. 09188682
The Omega Academy Ltd
Notes to the Accounts
for the year ended 31 August 2024
The Omega Academy Ltd is a private company, limited by shares, registered in England and Wales, registration number 09188682. The registered office is 52 Uppingham Avenue, Stanmore, Middlesex, HA7 2JX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Computer equipment
33.33% Straight line
Grants receivable
Business grants are credited to profit and loss account on an accruals basis where it is probable that they will be received.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Intangible assets are written off over a period of 10 years.
The accounts are presented in £ sterling.
4
Intangible fixed assets
Other
The Omega Academy Ltd
Notes to the Accounts
for the year ended 31 August 2024
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2023
2,752
2,250
5,002
At 31 August 2024
2,752
2,250
5,002
At 1 September 2023
2,424
2,250
4,674
Charge for the year
82
-
82
At 31 August 2024
2,506
2,250
4,756
At 31 August 2024
246
-
246
At 31 August 2023
328
-
328
Amounts falling due within one year
Other debtors
28,869
28,869
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
520
-
Other creditors
72,794
62,310
8
Average number of employees
During the year the average number of employees was 2 (2023: 1).