Omega Interiors Limited - Period Ending 2015-10-31

OMEGA INTERIORS LIMITED - Company Information

Registration number: 04557700

Omega Interiors Limited

trading as Omega Interiors Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 October 2015

Mansell & Co
Chartered Certified Accountants
5 Ducketts Wharf
South Street
Bishops Stortford
Hertfordshire
CM23 3AR

Omega Interiors Limited

trading as Omega Interiors Ltd

Contents

Abbreviated Balance Sheet	1
Notes to the Abbreviated Accounts	2 to 3

Omega Interiors Limited

trading as Omega Interiors Ltd

(Registration number: 04557700)
Abbreviated Balance Sheet as at 31 October 2015

	Note	2015 £	2014 £
Fixed assets
Tangible assets	2	27,374	28,388
Current assets
Cash at bank and in hand		284	682
Creditors: Amounts falling due within one year		(15,290)	(20,362)
Net current liabilities		(15,006)	(19,680)
Total assets less current liabilities		12,368	8,708
Accruals and deferred income		(1,548)	(820)
Net assets		10,820	7,888
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		10,720	7,788
Shareholders funds		10,820	7,888

For the year ending 31 October 2015 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the director on 20 July 2016

.........................................
Mr DM Burns
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Omega Interiors Limited

trading as Omega Interiors Ltd

Notes to the Abbreviated Accounts

Accounting policies

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Equipment	25% on the reducing balance basis

Fixed assets

	Tangible assets £	Total £
Cost
At 1 November 2014	46,926	46,926
Additions	333	333
At 31 October 2015	47,259	47,259
Depreciation
At 1 November 2014	18,538	18,538
Charge for the year	1,347	1,347
At 31 October 2015	19,885	19,885
Net book value
At 31 October 2015	27,374	27,374
At 31 October 2014	28,388	28,388

Page 2

Omega Interiors Limited

trading as Omega Interiors Ltd

Notes to the Abbreviated Accounts

Share capital

Allotted, called up and fully paid shares

	2015		2014
	No.	£	No.	£
Ordinary Shares of £1 each	100	100	100	100

Page 3