Omega Eyes Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10697376

Omega Eyes Ltd

Filleted Unaudited Financial Statements

31 March 2025

Omega Eyes Ltd

Financial Statements

Year ended 31 March 2025

Contents	Pages

Balance sheet	1 to 2

Notes to the financial statements	3 to 6

Omega Eyes Ltd

Balance Sheet

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	10,894	14,487

Current assets

Debtors	6	83,003	–
Cash at bank and in hand		20,261	84,029
		---------	--------
		103,264	84,029

Creditors: amounts falling due within one year	7	12,467	20,508
		---------	--------
Net current assets		90,797	63,521
		---------	--------
Total assets less current liabilities		101,691	78,008

Provisions	2,000	3,000
	---------	--------
Net assets	99,691	75,008
	---------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	99,591	74,908
	--------	--------
Shareholders funds	99,691	75,008
	--------	--------

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 profit and loss has not been delivered.

For the year ending 31 March 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 financial statements for the year 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 .

Omega Eyes Ltd

Balance Sheet (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 9 December 2025 , and are signed on behalf of the board by:

Mr J D Bowyer

Director

Company registration number: 10697376

Omega Eyes Ltd

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Blakenhall Barn (East), Mill Lane, Blakenhall, Nantwich, Cheshire, CW5 7NP. The company number is 10697376 .

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. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Judgements and key sources of estimation uncertainty

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: As described in the accounting policies of the financial statements, depreciation of tangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives are reviewed annually and revised as appropriate. Revisions take in to account actual asset lives and residual values as evidenced by disposals during current and prior accounting periods.

Revenue recognition

Turnover comprises the value of sales of goods and services provided in the normal course of business. Turnover in respect of service contracts is recognised when the company obtains the right to receive consideration for services provided.

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. 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 material 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.

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:

Computer equipment	-	33% straight line
Motor vehicles	-	25% reducing balance
Equipment	-	20% 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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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. The basic financial instruments of the company are as follows: Debtors Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired. Cash at bank and in hand This comprises cash at bank.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Computer Equipment	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 April 2024 and 31 March 2025	1,943	87,509	2,841	92,293
	-------	--------	-------	--------
Depreciation
At 1 April 2024	1,943	73,618	2,245	77,806
Charge for the year	–	3,473	120	3,593
	-------	--------	-------	--------
At 31 March 2025	1,943	77,091	2,365	81,399
	-------	--------	-------	--------
Carrying amount
At 31 March 2025	–	10,418	476	10,894
	-------	--------	-------	--------
At 31 March 2024	–	13,891	596	14,487
	-------	--------	-------	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	1,787	–
Other debtors	81,216	–
	--------	----
	83,003	–
	--------	----

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	8,051	6,113
Other creditors	4,416	14,395
	--------	--------
	12,467	20,508
	--------	--------

8. Directors' advances, credits and guarantees

During the year a director has maintained a current account with the company, the balance on this account at the start of the year was £10,108 credit (2024-£ 11,281 credit) and the balance at the year end was £77,558 debit (2024-£10,108). A material advance was made on 13/1/25 of £50,000 and 14/1/25 of £30,000, in the previous year no material advances were made, total other advances were £14,789 (2024-£13,946). No material repayments were made in the current or previous year, total other monies repaid were £7,123(2024-£12,773). The advances were on an interest free basis.