REGISTERED NUMBER: 03609069 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

OMNIBUS SOLUTIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr J Hewitt

C A Wilson

REGISTERED OFFICE:

Unit 435 Chambers Business Centre

Chapel Road

Hollinwood

Oldham

OL8 4QQ

REGISTERED NUMBER:

03609069 (England and Wales)

SENIOR STATUTORY AUDITOR:

Mark Spafford FCA FCCA

AUDITORS:

Luckmans Duckett Parker Limited

Chartered Accountants

Statutory Auditors

1110 Elliott Court

Herald Avenue

Coventry Business Park

Coventry

West Midlands

CV5 6UB

FIXED ASSETS

Intangible assets

4

56,347

5

Tangible assets

5

9,994

19,292

66,341

19,297

CURRENT ASSETS

Stocks

6

-

5,400

Debtors

7

3,915,761

3,697,887

Cash at bank and in hand

93,681

89,915

4,009,442

3,793,202

CREDITORS

Amounts falling due within one year

8

1,001,634

940,493

NET CURRENT ASSETS

3,007,808

2,852,709

TOTAL ASSETS LESS CURRENT LIABILITIES

3,074,149

2,872,006

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

3,074,049

2,871,906

SHAREHOLDERS' FUNDS

3,074,149

2,872,006

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 Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

C A Wilson - Director

1.	STATUTORY INFORMATION

Omnibus Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents net invoiced software license fee income, support and maintenance services income and income from sales of hardware.

Software license fee income is deferred are the point of sale and recognised in the profit and loss over the contractual life on a straight line basis. Support and maintenance income is recognised in full at the point when a binding purchase order is received and the invoice raised. Service income is recognised in the month the services are performed. Income from the sale of hardware is recognised when goods are delivered to the customer.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Other intangible assets are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20 - 33% straight line

Fixtures, fittings and equipment

-

15% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 23 (2023 - 26 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

632,588

Additions

56,342

At 31 December 2024

688,930

AMORTISATION

At 1 January 2024

and 31 December 2024

632,583

NET BOOK VALUE

At 31 December 2024

56,347

At 31 December 2023

5

5.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Plant and

and

machinery

equipment

Totals

£

£

£

COST

At 1 January 2024

136,991

73,160

210,151

Additions

6,005

-

6,005

Disposals

-

(73,160

)

(73,160

)

At 31 December 2024

142,996

-

142,996

DEPRECIATION

At 1 January 2024

123,024

67,835

190,859

Charge for year

9,978

3,895

13,873

Eliminated on disposal

-

(71,730

)

(71,730

)

At 31 December 2024

133,002

-

133,002

NET BOOK VALUE

At 31 December 2024

9,994

-

9,994

At 31 December 2023

13,967

5,325

19,292

6.

STOCKS

2024

2023

£

£

Stocks

-

5,400

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

294,797

208,692

Amounts owed by group undertakings

3,475,375

3,371,603

Other debtors

7,202

6,195

Tax

56,510

35,594

Deferred tax asset

9,691

8,145

Prepayments and accrued income

72,186

67,658

3,915,761

3,697,887

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

22,241

24,797

Amounts owed to group undertakings

88

88

Tax

6,965

-

Social security and other taxes

-

40,480

VAT

73,382

48,008

Other creditors

-

5,076

Accruals and deferred income

898,958

822,044

1,001,634

940,493

9.	LEASING AGREEMENTS

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Spafford FCA FCCA (Senior Statutory Auditor)

for and on behalf of Luckmans Duckett Parker Limited

12.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. At 31st December 2024 unpaid contributions of £Nil (2023: £5,076) were due to the fund. This is included within other creditors.

13.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 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.

14.	ULTIMATE CONTROLLING PARTY

The immediate parent undertaking is Velociti Group Limited. The ultimate parent undertaking and controlling party is Literacy Capital Plc.