REGISTERED NUMBER: 06960362 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

OMNICOMM, LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

G B Farruggia

REGISTERED OFFICE:

Medino House

Rushington Lane

Totton

Southampton

SO40 9AH

REGISTERED NUMBER:

06960362 (England and Wales)

ACCOUNTANTS:

Underwood Barron Associates Limited

13 Hursley Road

Chandlers Ford

Eastleigh

Hampshire

SO53 2FW

FIXED ASSETS

Tangible assets

4

4,232

8,488

CURRENT ASSETS

Debtors

5

43,821

18,314

Cash in hand

5,346

13,845

49,167

32,159

CREDITORS

Amounts falling due within one year

6

291,225

316,990

NET CURRENT LIABILITIES

(242,058

)

(284,831

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(237,826

)

(276,343

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(238,826

)

(277,343

)

SHAREHOLDERS' FUNDS

(237,826

)

(276,343

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

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 September 2025 and were signed by:

G B Farruggia - Director

1.	STATUTORY INFORMATION

OmniComm, Ltd 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.

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.

The financial statements have been prepared on a going concern basis because the parent company has indicated its continuing support.

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.

Plant and machinery etc

-

Straight line over 5 years

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 7 (2023 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st January 2024

and 31st December 2024

9,384

19,660

29,044

DEPRECIATION

At 1st January 2024

8,458

12,098

20,556

Charge for year

397

3,859

4,256

At 31st December 2024

8,855

15,957

24,812

NET BOOK VALUE

At 31st December 2024

529

3,703

4,232

At 31st December 2023

926

7,562

8,488

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

43,821

18,314

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

6,733

20,309

Amounts owed to group undertakings

279,385

287,325

Taxation and social security

4,607

3,075

Other creditors

500

6,281

291,225

316,990

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is OmniComm Systems Inc, a company incorporated in Delaware, USA.