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REGISTERED NUMBER: 08166101















Financial Statements for the Year Ended 30th September 2024

for

Omega 7 Consulting Limited

Omega 7 Consulting Limited (Registered number: 08166101)






Contents of the Financial Statements
for the Year Ended 30th September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Omega 7 Consulting Limited

Company Information
for the Year Ended 30th September 2024







DIRECTOR: D L Teed





REGISTERED OFFICE: 2 Woodlands
Pentire Crescent
Newquay
Cornwall
TR7 1UX





REGISTERED NUMBER: 08166101





ACCOUNTANTS: Spriggs & Co Limited
Chartered Certified Accountants
300 High Road
Whaplode
Spalding
Lincolnshire
PE12 6TG

Omega 7 Consulting Limited (Registered number: 08166101)

Balance Sheet
30th September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 29,856 39,017

CURRENT ASSETS
Debtors 5 73,755 120,997
Prepayments and accrued income 9,818 522
Cash at bank 128,442 154,107
212,015 275,626
CREDITORS
Amounts falling due within one year 6 28,887 44,088
NET CURRENT ASSETS 183,128 231,538
TOTAL ASSETS LESS CURRENT
LIABILITIES

212,984

270,555

PROVISIONS FOR LIABILITIES 7,464 9,754
NET ASSETS 205,520 260,801

CAPITAL AND RESERVES
Called up share capital 12,000 12,000
Retained earnings 193,520 248,801
SHAREHOLDERS' FUNDS 205,520 260,801

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Omega 7 Consulting Limited (Registered number: 08166101)

Balance Sheet - continued
30th September 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 director and authorised for issue on 30th May 2025 and were signed by:





D L Teed - Director


Omega 7 Consulting Limited (Registered number: 08166101)

Notes to the Financial Statements
for the Year Ended 30th September 2024

1. STATUTORY INFORMATION

Omega 7 Consulting Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer and office equip - 25% on reducing balance

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.

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 1 (2023 - 1 ) .

Omega 7 Consulting Limited (Registered number: 08166101)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024

4. TANGIBLE FIXED ASSETS
Computer
and
office
equip
£   
COST
At 1st October 2023
and 30th September 2024 85,161
DEPRECIATION
At 1st October 2023 46,144
Charge for year 9,161
At 30th September 2024 55,305
NET BOOK VALUE
At 30th September 2024 29,856
At 30th September 2023 39,017

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 31,434 8,400
Other debtors 42,321 112,597
73,755 120,997

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 4,812 -
Taxation and social security 18,098 39,478
Other creditors 5,977 4,610
28,887 44,088

Omega 7 Consulting Limited (Registered number: 08166101)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th September 2024 and 30th September 2023:

30.9.24 30.9.23
£    £   
D L Teed
Balance outstanding at start of year 112,597 125,359
Amounts advanced 39,441 112,597
Amounts repaid (112,600 ) (125,359 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 39,438 112,597

The director`s overdrawn loan was fully repaid on 30 April 2025.

8. ULTIMATE CONTROLLING PARTY

The controlling party is D L Teed.

Mr David Teed owns the entire ordinary voting share capital of the company.