ACCOUNTS - Final Accounts

Company Registration Number 10240181

	OMNI SOFTWARE LIMITED

	UNAUDITED FINANCIAL STATEMENTS

	FOR YEAR ENDED 31 DECEMBER 2024

OMNI SOFTWARE LIMITED

REGISTERED NUMBER: 10240181

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Investments	4		53		53
			53		53
Current assets
Debtors: amounts falling due within one year	5	349,309		296,026
Cash at bank and in hand		1,190		5,746
		350,499		301,772
Creditors: amounts falling due within one year	6	(423,650)		(293,534)
Net current (liabilities)/assets			(73,151)		8,238
Total assets less current liabilities			(73,098)		8,291

Net (liabilities)/assets			(73,098)		8,291

Capital and reserves
Called up share capital	7	1	1
Profit and loss account		(73,099)	8,290
		(73,098)	8,291

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OMNI SOFTWARE LIMITED

REGISTERED NUMBER: 10240181

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

The director considers 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 director acknowledges his 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 25 September 2025.

................................................

Riaz Gulam Husein Ladha

Director

The notes on pages 3 to 7 form part of these financial statements.

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OMNI SOFTWARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Omni Software Limited is a private company, limited by shares, registered in England and Wales. The Company's registration number is 10240181 and the registered office address is 11 Beavor Lane, London, England, W6 9AR.
These financial statements have been presented in pounds sterling, rounded to the nearest pound, as this is the currency of the primary economic environment in which the entity operates.

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

Going concern

At the time of approving the financial statements, the Director has a reasonable expectation that the company has adequate resources to continue in operational existence for the forseeable future. The Director has given careful consideration to the current and anticipated future solvency of the Company through review of management forecasts which cover at least 12 months from the date of signing of the financial statements. From this review the Director has a reasonable expectation that the Company will remain cash generative and have sufficient facilities available to meet its liabilities as they fall due for at least 12 months from the date of approval of these financial statements. On this basis the Director has continued to prepare the financial statements on a going concern basis.

2.3

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.

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OMNI SOFTWARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

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.

2.5

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.

2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.7

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.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

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.

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OMNI SOFTWARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

3.	Employees
		2024	2023
		£	£

Wages and salaries	407,361	313,612
Social security costs	45,393	29,366
Cost of defined contribution scheme	6,363	5,505
	459,117	348,483

The average monthly number of employees, including directors, during the year was 9 (2023 - 6).

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2024	53
	At 31 December 2024	53

Debtors

					2024	2023
					£	£


Trade debtors	67,865	90,578
Amounts owed by associated undertakings	281,444	186,447
Other debtors	-	19,001
	349,309	296,026

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OMNI SOFTWARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	19,285	5,277
Corporation tax	828	4,002
Other taxation and social security	40,816	33,082
Other creditors	350,300	227,177
Accruals and deferred income	12,421	23,996
	423,650	293,534

7.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

1 (2023 - 1) Ordinary share of £1.00	1	1

8.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £6,363 (2023: £5,505). Contributions totalling £2,200 (2023: £2,177) were payable to the fund at the reporting date.

Related party transactions

The company has taken advantage of the exemption, under the terms of Financial Reporting 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’, not to disclose related party transactions with wholly owned subsidiaries within the group.
In the year the company charged software licence fees to related parties due to common control of £377,883 (2023: £323,519).
In the year the company loaned amounts to a related party due to common control of £Nil and was repaid amounts of £Nil (2023: repaid loans from a related party due to common control of £200,500).
At the balance sheet date amounts owed to related parties due to common control was £337,500 (2023: £Nil).
At the balance sheet date amounts owed from related parties due to common control was £61,223 (2023: £85,207).
In the year the company charged software licence fees to its subsidiary of £266,030 (2023: £286,177). At the balance sheet date the company was owed £261,645 (2023: £186,447) by its subsidiary.

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OMNI SOFTWARE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

10.	Controlling party

The company’s parent undertaking at the balance sheet date was Omni Software Holdco Limited. Their registered address is 11 Beavor Lane, London, England, W6 9AR.
The ultimate controlling party is Riaz Ladha.

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