Registered number
15219311
OMNIA ACCESS LTD
Unaudited Filleted Accounts
31 January 2025
OMNIA ACCESS LTD
Registered number: 15219311
Balance Sheet
as at 31 January 2025
Notes 2025
£
Fixed assets
Tangible assets 3 83,391
Current assets
Debtors 4 79,700
Cash at bank and in hand 56,015
135,715
Creditors: amounts falling due within one year 5 (78,056)
Net current assets 57,659
Total assets less current liabilities 141,050
Creditors: amounts falling due after more than one year 6 (53,181)
Net assets 87,869
Capital and reserves
Called up share capital 100
Profit and loss account 87,769
Shareholders' funds 87,869
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Jamie Head
Jamie Head
Director
Approved by the board on 19 March 2025
OMNIA ACCESS LTD
Notes to the Accounts
for the period from 18 October 2023 to 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% Reducing balance method
Motor Vehicles 20% Reducing balance method
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025
Number
Average number of persons employed by the company 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
Additions 6,958 88,476 95,434
At 31 January 2025 6,958 88,476 95,434
Depreciation
Charge for the period 1,062 10,981 12,043
At 31 January 2025 1,062 10,981 12,043
Net book value
At 31 January 2025 5,896 77,495 83,391
4 Debtors 2025
£
Trade debtors 68,080
Other debtors 11,620
79,700
5 Creditors: amounts falling due within one year 2025
£
Obligations under finance lease and hire purchase contracts 11,444
Trade creditors 26,805
Taxation and social security costs 18,402
Other creditors 21,405
78,056
6 Creditors: amounts falling due after one year 2025
£
Obligations under finance lease and hire purchase contracts 53,181
7 Other information
OMNIA ACCESS LTD is a private company limited by shares and incorporated in England. Its registered office is:
Staple House
5 Eleanor's Cross
Dunstable
Bedfordshire
LU6 1SU
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