Accounts Submission
Accounts Submission
OMSIG LIMITED
Company Registration Number:
01819080
(England and Wales)
Unaudited statutory accounts for the year ended 05 April 2020
Period of accounts
Start date: 06 April 2019
End date: 05 April 2020
OMSIG LIMITED
Contents of the Financial Statements
for the Period Ended 05 April 2020
| Company Information - 3 | |
| Report of the Directors - 4 | |
| Profit and Loss Account - 5 | |
| Balance sheet - 6 | |
| Additional notes - 8 | |
| Balance sheet notes - 11 |
OMSIG LIMITED
Company Information
for the Period Ended 05 April 2020
| Director: |
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| Secretary: |
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| Registered office: |
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| Company Registration Number: |
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OMSIG LIMITED
Directors' Report Period Ended 05 April 2020
The directors present their report with the financial statements of the company for the period ended 05 April 2020
Principal Activities
Political and charitable donations
Additional information
These accounts are drawn up on a going concern basis reflecting the company’s position as at the year end. Pandemic It should be noted that by the date of filing the future is less clear. As with many businesses worldwide it is unclear how and whether this company will adapt during and after the Covid-19 pandemic. The company has changed hands as reported in the confirmation statement. The new owner / director is seeking alternative income possibilities and the company is debt-free apart from loans from its director, who remains willing to support the company in this way. Support is also being received through Government initiatives and is expected to continue beyond submission of the next annual accounts. Barclay’s Bank The company is also experiencing difficulties due to its bankers, Barclay’s, having been unable or unwilling to implement the change in mandate to allow the new director to operate the bank account. These delays are despite Barclay’s being given notice of the change of signatories back in April 2020, and no current employee or officer of the company has access to the company bank account. This may impact the immediate usefulness of Covid-related grants through delay in accessing those funds. In the year up to the next accounts the banking difficulties are a more immediate threat to the company’s future than the pandemic. The incoming director wishes to emphasise that the account is in credit, and has consistently been run well, both before and after his appointment on 31st May 2020. These difficulties have not been caused by the way the company has run its account but arise from Barclays’ response to the pandemic..
Directors
The directors shown below have held office during the whole of the period from 06 April 2019 to 05 April 2020
Secretary
This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
OMSIG LIMITED
Profit and Loss Account
for the Period Ended 05 April 2020
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2020 £ |
2019 £ |
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| Turnover |
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| Cost of sales |
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| Gross Profit or (Loss) |
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| Administrative Expenses |
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| Operating Profit or (Loss) |
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| Interest Receivable and Similar Income | - |
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| Profit or (Loss) Before Tax |
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| Profit or (Loss) for Period |
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The notes form part of these financial statements
OMSIG LIMITED
Balance sheet
As at
Notes |
2020 £ |
2019 £ |
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| Fixed assets | |||
| Total fixed assets: | - | - | |
| Current assets | |||
| Stocks: |
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| Cash at bank and in hand: |
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| Total current assets: |
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| Creditors: amounts falling due within one year: | 4 |
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| Net current assets (liabilities): |
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| Total assets less current liabilities: |
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| Total net assets (liabilities): |
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The notes form part of these financial statements
OMSIG LIMITED
Balance sheet continued
As at 05 April 2020
Notes |
2020 £ |
2019 £ |
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| Capital and reserves | |||
| Called up share capital: |
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| Profit and loss account: |
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| Shareholders funds: |
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This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
The notes form part of these financial statements
OMSIG LIMITED
Notes to the Financial Statements
for the Period Ended 05 April 2020
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1. Accounting policies
Basis of measurement and preparation
These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102
OMSIG LIMITED
Notes to the Financial Statements
for the Period Ended 05 April 2020
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2. Employees
2020
2019Average number of employees during the period 2 3
OMSIG LIMITED
Notes to the Financial Statements
for the Period Ended 05 April 2020
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3. Off balance sheet disclosure
No
OMSIG LIMITED
Notes to the Financial Statements
for the Period Ended 05 April 2020
4.Creditors: amounts falling due within one year note
2020 £ |
2019 £ |
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| Trade creditors |
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| Taxation and social security |
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| Total |
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