Company Registration No. NI051028 (Northern Ireland)
Universal Finance (Omagh) Limited
Companies House accounts
for the year ended 31 July 2026
Universal Finance (Omagh) Limited
Companies House accounts
Contents
Universal Finance (Omagh) Limited
Company Information
for the year ended 31 July 2026
Directors
Mr Darrell Monteith
Ms Sarah Arrell
Mr Liam Richardson
Company Number
NI051028 (Northern Ireland)
Registered Office
80 Seskinore Road
Omagh
Tyrone
BT78 1RW
N Ireland
Accountants
Allan Montgomery & Co
100 Main Street
Fivemiletown
Co Tyrone
BT75 0PW
Universal Finance (Omagh) Limited
Statement of financial position
as at 31 July 2026
Tangible assets
19,025
19,850
Cash at bank and in hand
7,534
10,620
Creditors: amounts falling due within one year
(500)
(500)
Net current assets
67,119
42,247
Total assets less current liabilities
86,144
62,097
Provisions for liabilities
Deferred tax
(3,615)
(3,772)
Called up share capital
6
6
Profit and loss account
82,523
58,319
Shareholders' funds
82,529
58,325
For the year ending 31 July 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 September 2026 and were signed on its behalf by
Mr Liam Richardson
Director
Company Registration No. NI051028
Universal Finance (Omagh) Limited
Notes to the Accounts
for the year ended 31 July 2026
Universal Finance (Omagh) Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI051028. The registered office is 80 Seskinore Road, Omagh, Tyrone, BT78 1RW, N Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover and income recognition
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Income is recognised when goods and services have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Universal Finance (Omagh) Limited
Notes to the Accounts
for the year ended 31 July 2026
4
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Trade debtors
10,000
10,000
Accrued income and prepayments
3,213
-
6
Investments held as current assets
2026
2025
Unlisted investments
46,868
22,123
7
Creditors: amounts falling due within one year
2026
2025
8
Deferred taxation
2026
2025
Accelerated capital allowances
3,615
3,772
Provision at start of year
3,772
4,172
Credited to the profit and loss account
(157)
(400)
Provision at end of year
3,615
3,772
Universal Finance (Omagh) Limited
Notes to the Accounts
for the year ended 31 July 2026
Allotted, called up and fully paid:
6 Ordinary shares of £1 each
6
6
10
Transactions with related parties
Consultancy fees paid to Directors: £197,203.
During the year the company was controlled by two directors who held 100% of the share capital.
12
Average number of employees
During the year the average number of employees was 2 (2025: 2).