Omnitrack North America Limited 06991283 false 2024-03-01 2025-02-28 2025-02-28 The principal activity of the company is distributors of ball transfer units Digita Accounts Production Advanced 6.30.9574.0 true 06991283 2024-03-01 2025-02-28 06991283 2025-02-28 06991283 core:AcceleratedTaxDepreciationDeferredTax 2025-02-28 06991283 core:CurrentFinancialInstruments 2025-02-28 06991283 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-28 06991283 core:PatentsTrademarksLicencesConcessionsSimilar 2025-02-28 06991283 core:FurnitureFittingsToolsEquipment 2025-02-28 06991283 core:OtherPropertyPlantEquipment 2025-02-28 06991283 bus:SmallEntities 2024-03-01 2025-02-28 06991283 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 06991283 bus:FilletedAccounts 2024-03-01 2025-02-28 06991283 bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 06991283 bus:RegisteredOffice 2024-03-01 2025-02-28 06991283 bus:Director1 2024-03-01 2025-02-28 06991283 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 06991283 core:IntangibleAssetsOtherThanGoodwill 2024-03-01 2025-02-28 06991283 core:PatentsTrademarksLicencesConcessionsSimilar 2024-03-01 2025-02-28 06991283 core:FurnitureFittingsToolsEquipment 2024-03-01 2025-02-28 06991283 core:OfficeEquipment 2024-03-01 2025-02-28 06991283 core:OtherPropertyPlantEquipment 2024-03-01 2025-02-28 06991283 core:PlantMachinery 2024-03-01 2025-02-28 06991283 countries:EnglandWales 2024-03-01 2025-02-28 06991283 2024-02-29 06991283 core:PatentsTrademarksLicencesConcessionsSimilar 2024-02-29 06991283 core:FurnitureFittingsToolsEquipment 2024-02-29 06991283 core:OtherPropertyPlantEquipment 2024-02-29 06991283 2023-03-01 2024-02-29 06991283 2024-02-29 06991283 core:AcceleratedTaxDepreciationDeferredTax 2024-02-29 06991283 core:CurrentFinancialInstruments 2024-02-29 06991283 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 06991283 core:PatentsTrademarksLicencesConcessionsSimilar 2024-02-29 06991283 core:FurnitureFittingsToolsEquipment 2024-02-29 06991283 core:OtherPropertyPlantEquipment 2024-02-29 iso4217:GBP xbrli:pure

Registration number: 06991283

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

Omnitrack North America Limited

(Registration number: 06991283)
Balance Sheet as at 28 February 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 5 | 536 | 715
Tangible assets | 6 | 2,338 | 3,117
|  | 2,874 | 3,832
Current assets |  |  |
Debtors | 7 | 707,801 | 517,550
Cash at bank and in hand |  | 86,729 | 11,336
|  | 794,530 | 528,886
Creditors: Amounts falling due within one year | 8 | (291,849) | (117,092)
Net current assets |  | 502,681 | 411,794
Total assets less current liabilities |  | 505,555 | 415,626
Deferred tax liabilities | 4 | (585) | (779)
Net assets |  | 504,970 | 414,847
Capital and reserves |  |  |
Called up share capital |  | 1 | 1
Retained earnings |  | 504,969 | 414,846
Shareholders' funds |  | 504,970 | 414,847

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 director has not delivered to the registrar a copy of the Profit and Loss Account.

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.

Director's responsibilities:

Omnitrack North America Limited

(Registration number: 06991283)
Balance Sheet as at 28 February 2025

• | 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 director acknowledges his 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.

Approved and authorised by the director on 20 November 2025

J Cabrini-Dale Director |  |

Omnitrack North America 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.

Omnitrack North America Limited

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

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.

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.

Omnitrack North America Limited

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

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.

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

Intangible assets

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Omnitrack North America Limited

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

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Domain name | 25% reducing balance

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Omnitrack North America 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.

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.

Omnitrack North America 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 the director) during the year, was 1 (2024 - 1).

| 4 | Deferred tax

Deferred tax assets and liabilities

2025 | Liability £
Difference between depreciation, amortisation and capital allowances | 585
| 585

2024 | Liability £
Difference between depreciation, amortisation and capital allowances | 779
| 779

Omnitrack North America Limited

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

| 5 | Intangible assets

| Domain name £
Cost
At 1 March 2024 and 28 February 2025 | 14,286
Amortisation
At 1 March 2024 | 13,571
Amortisation charge | 179
At 28 February 2025 | 13,750
Carrying amount
At 28 February 2025 | 536
At 29 February 2024 | 715

Omnitrack North America Limited

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

| 6 | Tangible assets

| Office equipment £ | Plant and machinery £ | Total £
Cost
At 1 March 2024 and 28 February 2025 | 1,608 | 17,200 | 18,808
Depreciation
At 1 March 2024 | 1,489 | 14,202 | 15,691
Charge for the year | 30 | 749 | 779
At 28 February 2025 | 1,519 | 14,951 | 16,470
Carrying amount
At 28 February 2025 | 89 | 2,249 | 2,338
At 29 February 2024 | 119 | 2,998 | 3,117

| 7 | Debtors

| 2025 £ | 2024 £
Trade debtors | 182,366 | 148,236
Prepayments | 502 | -
Other debtors | 524,933 | 369,314
| 707,801 | 517,550

Omnitrack North America 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 | 151,547 | -
Trade creditors |  | 8,596 | 3,093
Taxation and social security |  | 30,236 | 37,926
Accruals and deferred income |  | 1,810 | 1,725
Other creditors |  | 99,660 | 74,348
|  | 291,849 | 117,092

| 9 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings (secured) | 151,547 | -

| 10 | Related party transactions

At 28 February 2025, the company was owed £355,381 (2024 - £276,479) from Autoset (Production) Limited. The loan is interest free and repayable on demand.
At 28 February 2025, the company was owed £61,754 (2024 - £39,986) from Omnitrack Corporation and Omnitrack SRL. The loans are interest free and repayable on demand.
At 28 February 2025, the company owed £99,660 (2024 - £74,348) to Omnicaster Limited. The loan is interest free and repayable on demand.

| 11 | Controlling party

The company's parent company is Omniball Limited, registered in England and Wales.