Omnicaster Limited 08079635 false 2024-03-01 2025-02-28 2025-02-28 The principal activity of the company is the manufacture of material handling components. Digita Accounts Production Advanced 6.30.9574.0 true true 08079635 2024-03-01 2025-02-28 08079635 2025-02-28 08079635 core:AcceleratedTaxDepreciationDeferredTax 2025-02-28 08079635 core:CurrentFinancialInstruments 2025-02-28 08079635 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-28 08079635 core:FurnitureFittingsToolsEquipment 2025-02-28 08079635 bus:SmallEntities 2024-03-01 2025-02-28 08079635 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 08079635 bus:FilletedAccounts 2024-03-01 2025-02-28 08079635 bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 08079635 bus:RegisteredOffice 2024-03-01 2025-02-28 08079635 bus:Director1 2024-03-01 2025-02-28 08079635 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 08079635 core:FurnitureFittingsToolsEquipment 2024-03-01 2025-02-28 08079635 core:OfficeEquipment 2024-03-01 2025-02-28 08079635 core:PlantMachinery 2024-03-01 2025-02-28 08079635 core:Subsidiary1 2024-03-01 2025-02-28 08079635 core:Subsidiary1 1 2024-03-01 2025-02-28 08079635 countries:EnglandWales 2024-03-01 2025-02-28 08079635 core:FurnitureFittingsToolsEquipment 2024-02-29 08079635 2023-03-01 2024-02-29 08079635 2024-02-29 08079635 core:AcceleratedTaxDepreciationDeferredTax 2024-02-29 08079635 core:CurrentFinancialInstruments 2024-02-29 08079635 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 08079635 core:FurnitureFittingsToolsEquipment 2024-02-29 08079635 core:Subsidiary1 1 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registration number: 08079635

Prepared for the registrar
Omnicaster Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 28 February 2025

Omnicaster Limited

(Registration number: 08079635)
Balance Sheet as at 28 February 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 2,034 | 2,712
Investments | 6 | 1 | 1
|  | 2,035 | 2,713
Current assets |  |  |
Debtors | 7 | 285,770 | 230,919
Cash at bank and in hand |  | 43,713 | 55,852
|  | 329,483 | 286,771
Creditors: Amounts falling due within one year | 8 | (48,684) | (46,393)
Net current assets |  | 280,799 | 240,378
Total assets less current liabilities |  | 282,834 | 243,091
Deferred tax liabilities | 4 | (386) | (515)
Net assets |  | 282,448 | 242,576
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Retained earnings |  | 282,446 | 242,574
Shareholders' funds |  | 282,448 | 242,576

Omnicaster Limited

(Registration number: 08079635)
Balance Sheet as at 28 February 2025

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 November 2025 and signed on its behalf by:

J Cabrini-Dale Director |  |

Omnicaster Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 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:
Rodborough Court
Walkley Hill
Rodborough
Stroud
Gloucestershire
GL5 3LR

| 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 for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Omnicaster Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Exemption from preparing group accounts

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Judgements

No significant judgements have been made by management in preparing these financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Omnicaster Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge 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.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position 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.

Omnicaster Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

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
Plant and machinery | 25% reducing balance
Office equipment | 25% reducing balance

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

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.

Omnicaster Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

Omnicaster Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

| 3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

| 4 | Deferred tax

Deferred tax assets and liabilities

2025 | Liability £
Difference between depreciation and capital allowances | 386
| 386

2024 | Liability £
Difference between depreciation and capital allowances | 515
| 515

Omnicaster Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

| 5 | Tangible assets

| Furniture, fittings and equipment £
Cost
At 1 March 2024 and 28 February 2025 | 78,279
Depreciation
At 1 March 2024 | 75,567
Charge for the year | 678
At 28 February 2025 | 76,245
Carrying amount
At 28 February 2025 | 2,034
At 29 February 2024 | 2,712

Omnicaster Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

| 6 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 1 | 1

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Subsidiary undertakings
Spherical Wheel Limited | Rodborough Court Walkley Hill Rodborough Stroud Gloucestershire GL5 3LR | Ordinary | 100% | 100%

The profit for the financial period of Spherical Wheel Limited was £nil and the aggregate amount of capital and reserves at the end of the period was £1.

| 7 | Debtors

| 2025 £ | 2024 £
Other debtors | 285,770 | 230,919
| 285,770 | 230,919

Omnicaster Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

| 8 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 36,674 | 36,674
Taxation and social security |  | 10,199 | 7,993
Accruals and deferred income |  | 1,810 | 1,725
Other creditors |  | 1 | 1
|  | 48,684 | 46,393

| 9 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Loan to Kunzle and Tasin S.r.l | 36,674 | 36,674

| 10 | Related party transactions

At 28 February 2025, £68,499 (2024 - £66,795) was owed from Autoset (Production) Limited and £36,674 (2024 - £36,674) was owed to Kunzle and Tasin S.r.l from Omnicaster Limited. These loans are interest free and repayable on demand.
At 28 February 2025, the company was owed £99,660 (2024 - £74,348) from Omnitrack North America Limited. The loan is interest free and repayable on demand.
At 28 February 2025, the company was owed £117,611 (2024 - £89,776) from Omnitrack SRL. The loan is interest free and repayable on demand.

Omnicaster Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

| 11 | Controlling party

The company's parent companies are Autoset (Production) Limited, registered in England and Wales, and Kunzle and Tasin S.r.l, registered in Italy.