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COMPANY REGISTRATION NUMBER: 15345575

Omni Telecom Ltd

Filleted Unaudited Financial Statements

31 December 2024

Omni Telecom Ltd

Statement of Financial Position

31 December 2024

| 31 Dec 24
Note | £

Fixed assets

Tangible assets | 4 | 6,973

Current assets

Debtors | 5 | 2,195
Cash at bank and in hand | 9,233
| --------
| 11,428

Creditors: amounts falling due within one year | 6 | 15,969
| --------
Net current liabilities | 4,541
| -------
Total assets less current liabilities | 2,432
| -------
Net assets | 2,432
| -------

Capital and reserves

Called up share capital | 2
Profit and loss account | 2,430
| -------
Shareholders funds | 2,432
| -------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 December 2024 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 financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Omni Telecom Ltd

Statement of Financial Position (continued)

31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 3 December 2025 , and are signed on behalf of the board by:

Mr M J Cooper
Director

Company registration number: 15345575

Omni Telecom Ltd

Notes to the Financial Statements

Period from 12 December 2023 to 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Mill, 9 Soar Lane, Leicester, LE3 5DE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Fixtures and fittings | - | 20% reducing balance
| Computer equipment | - | 25% reducing balance

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Tangible assets

| Fixtures and fittings | Computer equipment | Total
| £ | £ | £
Cost |  |  |
At 12 December 2023 | – | – | –
Additions | 300 | 8,578 | 8,878
| ---- | ------- | -------
At 31 December 2024 | 300 | 8,578 | 8,878
| ---- | ------- | -------
Depreciation |  |  |
At 12 December 2023 | – | – | –
Charge for the period | 60 | 1,845 | 1,905
| ---- | ------- | -------
At 31 December 2024 | 60 | 1,845 | 1,905
| ---- | ------- | -------
Carrying amount |  |  |
At 31 December 2024 | 240 | 6,733 | 6,973
| ---- | ------- | -------

5. Debtors

| 31 Dec 24
| £
Trade debtors | 1,779
Other debtors | 416
| -------
| 2,195
| -------

6. Creditors: amounts falling due within one year

| 31 Dec 24
| £
Trade creditors | 5,247
Social security and other taxes | 1,602
Other creditors | 9,120
| --------
| 15,969
| --------

7. Directors' advances, credits and guarantees
At the balance sheet date the directors were owed £8,020 by the company.