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Registered number: 10299408
















OMNIA PEOPLE LIMITED




FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024


































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OMNIA PEOPLE LIMITED
REGISTERED NUMBER:10299408

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors
  
605,988
811,124

Cash at bank and in hand
  
1,989
-

  
607,977
811,124

Creditors: amounts falling due within one year
 5 
(1,623,303)
(1,775,861)

Net liabilities
  
 
 
(1,015,326)
 
 
(964,737)


Capital and reserves
  

Called up share capital 
 6 
1,000
1,000

Profit and loss account
  
(1,016,326)
(965,737)

  
(1,015,326)
(964,737)


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: 





Mr J A Hodkinson
Director

Date: 18 August 2025

The notes on pages 2 to 5 form part of these financial statements.

Page 1


OMNIA PEOPLE LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.ACCOUNTING POLICIES

 
1.1

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The financial statements use British Pounds Sterling as the presentation currency, and are rounded to the nearest £1 throughout.

The following principal accounting policies have been applied:

 
1.2

GOING CONCERN

The directors anticipate that the company will continue to operate within its available resources, and be able to tolerate a reasonable level of unforseen circumstances for a period of at least 12 months from the date of these financial statements. The financial statements have therefore been prepared on a going concern basis.

 
1.3

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:

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.

 
1.4

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
1.5

BORROWING COSTS

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

Page 2


OMNIA PEOPLE LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.ACCOUNTING POLICIES (continued)

 
1.6

TAXATION

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.


 
1.7

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.8

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


2.


COMPANY INFORMATION

Omnia People Limited is a private company limited by shares registered in England and Wales in the United Kingdom, registered number 10299408. The registered office is Bristol North Baths, Gloucester Road, Bishopston, Bristol, BS7 8BN.

Page 3


OMNIA PEOPLE LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 4 (2023: 4).


4.


DEBTORS

2024
2023
£
£


Trade debtors
557,691
394,990

Amounts owed by group undertakings
1,000
1,000

Other debtors
-
326,378

Prepayments and accrued income
47,297
88,756

605,988
811,124



5.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Other loans
333,995
220,361

Trade creditors
3,823
6,837

Amounts owed to group undertakings
1,233,774
1,510,590

Other taxation and social security
26,999
-

Other creditors
50
50

Accruals and deferred income
24,662
38,023

1,623,303
1,775,861


Included in other loans are liabilities of £333,995 (2023: £220,361) in respect of invoice discounting arrangements that are secured over the Company's trade debtors.


6.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



1,000 (2023: 1,000) Ordinary shares of £1.00 each
1,000
1,000



7.


RELATED PARTY TRANSACTIONS

The Company is a wholly owned subsidiary of their immediate parent company, SmithCorp Limited. The Company has taken advantage of the exemption in paragraph 33.1A of FRS 102 in not disclosing intra group transactions where 100% of the voting rights are controlled within the Group.

Page 4


OMNIA PEOPLE LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


CONTROLLING PARTY

The parent undertaking is SmithCorp Limited, a company registered in England and Wales, registered office address Bristol North Baths, Gloucester Road, Bishopston, Bristol, BS7 8BN.
The SmithCorp Limited consolidated accounts are available from Companies House.


9.


AUDITORS' INFORMATION

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 20 August 2025 by Alison Oliver FCA (Senior statutory auditor) on behalf of Bishop Fleming LLP.

 
Page 5