Omnico Classic Accessories Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05977905

OMNICO CLASSIC ACCESSORIES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 December 2025

OMNICO CLASSIC ACCESSORIES LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2025

	2025		2024
Note	£	£	£

FIXED ASSETS

Intangible assets	5	–	8,275
Tangible assets	6	1,054	1,318
		--------	--------
		1,054	9,593

CURRENT ASSETS

Stocks		122,000	81,000
Debtors	7	33,217	76,332
Cash at bank and in hand		14,355	12,493
		-----------	-----------
		169,572	169,825

CREDITORS: amounts falling due within one year	8	36,722		20,817
		-----------		-----------
NET CURRENT ASSETS			132,850	149,008
			-----------	-----------
TOTAL ASSETS LESS CURRENT LIABILITIES			133,904	158,601

PROVISIONS

Taxation including deferred tax	200	247
	-----------	-----------
NET ASSETS	133,704	158,354
	-----------	-----------

OMNICO CLASSIC ACCESSORIES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2025

	2025		2024
Note	£	£	£

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	133,604	158,254
	-----------	-----------
SHAREHOLDERS FUNDS	133,704	158,354
	-----------	-----------

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 income statement has not been delivered.

For the year ending 31st December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 21 July 2026 , and are signed on behalf of the board by:

Mr P W Robinson
Director

Company registration number: 05977905

OMNICO CLASSIC ACCESSORIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31st DECEMBER 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 Flat 6 The Promenade, Arnside, Carnforth, Lancashire, LA5 0AD.

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 and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

REVENUE RECOGNITION

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership 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.

AMORTISATION

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

Plant and machinery	-	20% reducing balance
Motor Vehicles	-	25% reducing balance

STOCKS

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. INTANGIBLE ASSETS

	Goodwill
	£

Cost
At 1st January 2025 and 31st December 2025	82,767
	---------
Amortisation
At 1st January 2025	74,492
Charge for the year	8,275
	---------
At 31st December 2025	82,767
	---------
Carrying amount
At 31st December 2025	–
	---------
At 31st December 2024	8,275
	---------

6. TANGIBLE ASSETS

Plant and machinery	Motor vehicles	Total
£	£	£

Cost
At 1st January 2025 and 31st December 2025	5,294	3,900	9,194
	--------	--------	--------
Depreciation
At 1st January 2025	3,996	3,880	7,876
Charge for the year	259	5	264
	--------	--------	--------
At 31st December 2025	4,255	3,885	8,140
	--------	--------	--------
Carrying amount
At 31st December 2025	1,039	15	1,054
	--------	--------	--------
At 31st December 2024	1,298	20	1,318
	--------	--------	--------

7. DEBTORS

	2025	2024
	£	£

Trade debtors	28,064	22,586
Prepayments and accrued income	5,153	53,746
	---------	---------
	33,217	76,332
	---------	---------

8. CREDITORS: amounts falling due within one year

	2025	2024
	£	£

Trade creditors	21,402	749
Accruals and deferred income	2,106	1,846
Corporation tax	2,074	2,018
Social security and other taxes	9,506	9,518
Director loan accounts	1,634	6,686
	---------	---------
	36,722	20,817
	---------	---------

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The directors have loan accounts with the company which remained in credit throughout the year. At the year end the balance was £1,634 (2024 - £6,686) which is included in creditors.