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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
Page
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The Omega Academy Ltd Company Information for the year ended 31 August 2024
Director
Devesh Modi
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
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The Omega Academy Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
100 
120 
Tangible assets
246 
328 
346 
448 
Current assets
Debtors
53,869 
28,869 
Cash at bank and in hand
4,527 
3,577 
58,396 
32,446 
Creditors: amounts falling due within one year
(74,014)
(62,960)
Net current liabilities
(15,618)
(30,514)
Net liabilities
(15,272)
(30,066)
Capital and reserves
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
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The Omega Academy Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
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
Government grants
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
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.
Presentation currency
The accounts are presented in £ sterling.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 September 2023
200 
At 31 August 2024
200 
Amortisation
At 1 September 2023
80 
Charge for the year
20 
At 31 August 2024
100 
Net book value
At 31 August 2024
100 
At 31 August 2023
120 
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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 
Depreciation
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 
Net book value
At 31 August 2024
246 
- 
246 
At 31 August 2023
328 
- 
328 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
25,000 
- 
Other debtors
28,869 
28,869 
53,869 
28,869 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
520 
- 
Other creditors
72,794 
62,310 
Accruals
700 
650 
74,014 
62,960 
8
Average number of employees
During the year the average number of employees was 2 (2023: 1).
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