Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30trueNo description of principal activity2023-10-01false7062trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08010854 2023-10-01 2024-09-30 08010854 2022-10-01 2023-09-30 08010854 2024-09-30 08010854 2023-09-30 08010854 c:Director1 2023-10-01 2024-09-30 08010854 c:Director2 2023-10-01 2024-09-30 08010854 c:RegisteredOffice 2023-10-01 2024-09-30 08010854 d:PlantMachinery 2023-10-01 2024-09-30 08010854 d:PlantMachinery 2024-09-30 08010854 d:PlantMachinery 2023-09-30 08010854 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 08010854 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 08010854 d:MotorVehicles 2023-10-01 2024-09-30 08010854 d:MotorVehicles 2024-09-30 08010854 d:MotorVehicles 2023-09-30 08010854 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 08010854 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 08010854 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 08010854 d:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 08010854 d:CurrentFinancialInstruments 2024-09-30 08010854 d:CurrentFinancialInstruments 2023-09-30 08010854 d:Non-currentFinancialInstruments 2024-09-30 08010854 d:Non-currentFinancialInstruments 2023-09-30 08010854 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 08010854 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 08010854 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 08010854 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 08010854 d:ShareCapital 2024-09-30 08010854 d:ShareCapital 2023-09-30 08010854 d:RetainedEarningsAccumulatedLosses 2024-09-30 08010854 d:RetainedEarningsAccumulatedLosses 2023-09-30 08010854 c:FRS102 2023-10-01 2024-09-30 08010854 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 08010854 c:FullAccounts 2023-10-01 2024-09-30 08010854 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08010854 d:WithinOneYear 2024-09-30 08010854 d:WithinOneYear 2023-09-30 08010854 d:BetweenOneFiveYears 2024-09-30 08010854 d:BetweenOneFiveYears 2023-09-30 08010854 d:HirePurchaseContracts d:WithinOneYear 2024-09-30 08010854 d:HirePurchaseContracts d:WithinOneYear 2023-09-30 08010854 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-09-30 08010854 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-09-30 08010854 2 2023-10-01 2024-09-30 08010854 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure
Company registration number: 08010854







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2024


OMEGA ENVIRONMENTAL SERVICES LIMITED






































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OMEGA ENVIRONMENTAL SERVICES LIMITED
 


 
COMPANY INFORMATION


Directors
C R Caswell 
B Caswell 




Registered number
08010854



Registered office
1 Pirton Grange
Pirton Road

Shillington

Hitchin

Herts

SG5 3HB




Accountants
Menzies LLP
Chartered Accountants

Richmond House

Walkern Road

Stevenage

Herts

SG1 3QP





 


OMEGA ENVIRONMENTAL SERVICES LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 9


 


OMEGA ENVIRONMENTAL SERVICES LIMITED
REGISTERED NUMBER:08010854



STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
381,052
391,370

  
381,052
391,370

Current assets
  

Stocks
  
32,039
27,844

Debtors: amounts falling due within one year
  
5,345,463
3,699,561

Cash at bank and in hand
  
202,922
146,731

  
5,580,424
3,874,136

Creditors: amounts falling due within one year
  
(4,614,408)
(3,245,635)

Net current assets
  
 
 
966,016
 
 
628,501

Total assets less current liabilities
  
1,347,068
1,019,871

Creditors: amounts falling due after more than one year
  
(267,699)
(246,804)

Provisions for liabilities
  

Deferred tax
  
(20,827)
-

  
 
 
(20,827)
 
 
-

Net assets
  
1,058,542
773,067


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,058,442
772,967

  
1,058,542
773,067

Page 1

 


OMEGA ENVIRONMENTAL SERVICES LIMITED
REGISTERED NUMBER:08010854


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
C R Caswell
Director

Date: 4 March 2025

The notes on pages 3 to 9 form part of these financial statements.
Page 2

 


OMEGA ENVIRONMENTAL SERVICES LIMITED
 


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

1.


General information

Omega Environmental Services Limited 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.
The presentation currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 3

 


OMEGA ENVIRONMENTAL SERVICES LIMITED
 


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

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 


OMEGA ENVIRONMENTAL SERVICES LIMITED
 


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

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
15-25% on cost
Motor vehicles
-
5%-20% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks 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 weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 70 (2023 - 62).

Page 5

 


OMEGA ENVIRONMENTAL SERVICES LIMITED
 


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

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 October 2023
57,659
458,945
516,604


Additions
27,880
-
27,880


Disposals
-
(8,995)
(8,995)



At 30 September 2024

85,539
449,950
535,489



Depreciation


At 1 October 2023
36,958
88,276
125,234


Charge for the year on owned assets
5,481
12,366
17,847


Charge for the year on financed assets
-
13,155
13,155


Disposals
-
(1,799)
(1,799)



At 30 September 2024

42,439
111,998
154,437



Net book value



At 30 September 2024
43,100
337,952
381,052



At 30 September 2023
20,701
370,669
391,370

Page 6

 


OMEGA ENVIRONMENTAL SERVICES LIMITED
 


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

5.


Debtors

2024
2023
£
£


Trade debtors
4,953,349
2,287,171

Amounts owed by connected undertakings
173,780
250,358

Other debtors
120,281
652,270

Prepayments and accrued income
41,159
29,604

Amounts recoverable on contracts
56,894
480,158

5,345,463
3,699,561



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
103,813
79,811

Trade creditors
3,694,870
2,703,064

Amounts owed to group undertakings
2,282
16,517

Amounts owed to connected company
17,053
17,053

Corporation tax
81,620
-

Other taxation and social security
344,135
297,656

Obligations under finance lease and hire purchase contracts
47,597
71,669

Other creditors
68,924
17,115

Accruals and deferred income
254,114
42,750

4,614,408
3,245,635


Page 7

 


OMEGA ENVIRONMENTAL SERVICES LIMITED
 


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

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
146,278
85,690

Net obligations under finance leases and hire purchase contracts
121,421
161,114

267,699
246,804


The following liabilities were secured:

2024
2023
£
£



Hire purchase contract
169,018
232,783

169,018
232,783

Details of security provided:

Amounts due under hire purchase contracts are secured against the assets concerned.


8.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
47,517
45,069

Between 1-5 years
121,420
166,490

168,937
211,559


9.


Pension commitments

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

Page 8

 


OMEGA ENVIRONMENTAL SERVICES LIMITED
 


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

10.


Commitments under operating leases

At 30 September 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
110,557
116,645

Later than 1 year and not later than 5 years
32,688
73,204

143,245
189,849


11.


Related party transactions

Included in creditors is an amount of £2,282 owed to the parent undertaking, 12 Bore Investments Ltd, this loan is interest free and repayable on demand.
Included in debtors is an amount of £173,780 due from a connected company, MBM Scaffolding Ltd. This loan is interest free and repayable on demand.


12.


Controlling party

The companies immediate and ultimate parent undertaking is 12 Bore Investments Limited, a company registered at Richmond House, Walkern Road, Stevenage, Herts, SG1 3QP.

 
Page 9