Accounts Submission

Accounts Submission

OMSIG LIMITED - Company Information

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OMSIG LIMITED

Company Registration Number:
01819080 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2021

Period of accounts

Start date: 06 April 2020

End date: 31 March 2021

Page 1

OMSIG LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2021

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

Page 2

OMSIG LIMITED

Company Information

for the Period Ended 31 March 2021




Director: Nik Taylor
Mx Keith Wright
Registered office: 244
Clarendon Street
Hulme
Manchester
England
M15 5AB
Company Registration Number: 01819080 (England and Wales)

Page 3

OMSIG LIMITED

Directors' Report Period Ended 31 March 2021

The directors present their report with the financial statements of the company for the period ended 31 March 2021

Principal Activities

Usually the activities would be upkeep of properties for domestic lettings and dealing in shares on own account. Due to the pandemic the latter activities have been curtailed since soon after the start of this accounting period,

Additional information

The company currently relies on the financial support of its director, who has undertaken not to seek repayment of these monies till at least the reporting year ending in 2022. There are ample reserves to meet all other liabilities in the meantime.

Directors

The director(s) shown below were appointed to the company during the period
Mx Keith Wright
31 May 2020

The director(s) shown below resigned during the period
Nik Taylor
31 May 2020

This report was approved by the board of directors on 30 December 2021
And Signed On Behalf Of The Board By:

Name: Mx Keith Wright
Status: Director

Page 4

OMSIG LIMITED

Profit and Loss Account

for the Period Ended 31 March 2021


Notes
2021
£
2020
£
Turnover 8,223 33,121
Cost of sales ( 8,139 ) ( 23,863 )
Gross Profit or (Loss) 4,263 9,258
Income from coronavirus (COVID-19) business support grants 4,179 -
Administrative Expenses ( 5,024 ) ( 9,258 )
Operating Profit or (Loss) ( 761 ) 0
Profit or (Loss) Before Tax ( 761 ) 0
Profit or (Loss) for Period ( 761 ) 0

The notes form part of these financial statements

Page 5

OMSIG LIMITED

Balance sheet

As at 31 March 2021


Notes
2021
£
2020
£
Fixed assets
Total fixed assets: - -
Current assets
Stocks: 8,138
Debtors: 4 544
Cash at bank and in hand: 44 1
Total current assets: 588 8,139
Creditors: amounts falling due within one year: 5 ( 635 ) ( 7,925 )
Net current assets (liabilities): ( 47 ) 214
Total assets less current liabilities: ( 47 ) 214
Accruals and deferred income: ( 500 )
Total net assets (liabilities): ( 547 ) 214

The notes form part of these financial statements

Page 6

OMSIG LIMITED

Balance sheet continued

As at 31 March 2021


Notes
2021
£
2020
£
Capital and reserves
Called up share capital: 214 214
Profit and loss account: ( 761 )
Shareholders funds: ( 547 ) 214

For the year ending 31 March 2021 the company was entitled to exemption 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.

This report was approved by the board of directors on 30 December 2021
And Signed On Behalf Of The Board By:

Name: Mx Keith Wright
Status: Director

The notes form part of these financial statements

Page 7

OMSIG LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

  • 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

Page 8

OMSIG LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

  • 2. Employees


    2021
    2020
    Average number of employees during the period 1 4

Page 9

OMSIG LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

  • 3. Off balance sheet disclosure

    No

Page 10

OMSIG LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

4. Debtors


2021
£
2020
£
Other debtors 544
Total 544

Page 11

OMSIG LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

5.Creditors: amounts falling due within one year note


2021
£
2020
£
Trade creditors 635 7,925
Total 635 7,925

Page 12

OMSIG LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

  • 6. Post balance sheet events

    In common with many other firms, the pandemic continued to affect the company after the year-end, and has continued to do so up to the date of filing. The director has undertaken not to demand repayment of the loan they made to the company till at least the 2022 filing date, and assets are adequate to meet other liabilities till then.

Page 13