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Registration number: 13175444

OMNI Fitness & Performance Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2025

 

OMNI Fitness & Performance Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

OMNI Fitness & Performance Ltd

Company Information

Director

Mr Conor Lynch

Registered office

Unit 2a
Phase V
Hopton Industrial Estate
Devizes
Wiltshire
SN10 2EU

Accountants

RiverView Portfolio Limited 1 Market Hill
Calne
Wiltshire
SN11 0BT

 

OMNI Fitness & Performance Ltd

(Registration number: 13175444)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

5

13,170

16,438

Current assets

 

Debtors

6

11,215

10,391

Cash at bank and in hand

 

8,677

3,856

 

19,892

14,247

Creditors: Amounts falling due within one year

7

(14,359)

(22,820)

Net current assets/(liabilities)

 

5,533

(8,573)

Total assets less current liabilities

 

18,703

7,865

Creditors: Amounts falling due after more than one year

7

(26,789)

(18,306)

Net liabilities

 

(8,086)

(10,441)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(8,186)

(10,541)

Shareholders' deficit

 

(8,086)

(10,441)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 13 June 2025
 

.........................................
Mr Conor Lynch
Director

 

OMNI Fitness & Performance Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 2a
Phase V
Hopton Industrial Estate
Devizes
Wiltshire
SN10 2EU

These financial statements were authorised for issue by the director on 13 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

OMNI Fitness & Performance Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2

Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment

25% Reducing Balance

Fixtures & Fitting

25% Reducing Balance

Computer Equipment

25% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

 

OMNI Fitness & Performance Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

4

Profit/loss before tax

Arrived at after charging/(crediting)

2025
£

2024
£

Depreciation expense

4,302

5,413

 

OMNI Fitness & Performance Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2024

32,297

32,297

Additions

1,034

1,034

At 31 March 2025

33,331

33,331

Depreciation

At 1 April 2024

15,859

15,859

Charge for the year

4,302

4,302

At 31 March 2025

20,161

20,161

Carrying amount

At 31 March 2025

13,170

13,170

At 31 March 2024

16,438

16,438

6

Debtors

Current

2025
£

2024
£

Trade debtors

791

3

Prepayments

464

428

Other debtors

9,960

9,960

 

11,215

10,391

7

Creditors

Creditors: amounts falling due within one year

 

OMNI Fitness & Performance Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

7

Creditors (continued)

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

10

-

Trade creditors

 

298

216

Taxation and social security

 

2,416

3,461

Accruals and deferred income

 

135

1,350

Other creditors

 

11,500

17,793

 

14,359

22,820

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

20,496

18,306

Other non-current financial liabilities

 

6,293

-

 

26,789

18,306