Omni Organisation Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07444356 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2015

for

Omni Organisation Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S J Penny

N J Pilgrim

J G Pilgrim

S Ward

REGISTERED OFFICE:

West House

34 Broomfield Road

Chelmsford

Essex

CM1 1SW

REGISTERED NUMBER:

07444356 (England and Wales)

ACCOUNTANTS:

NSO Associates LLP

75 Springfield Road

Chelmsford

Essex

CM2 6JB

FIXED ASSETS

64,586

Tangible assets

2

46,111

CURRENT ASSETS

7,000

Stocks

30,123

32,693

Debtors

140,400

16,734

Cash at bank

12,684

56,427

183,207

CREDITORS

67,538

Amounts falling due within one year

184,269

(11,111

)

NET CURRENT LIABILITIES

(1,062

)

53,475

TOTAL ASSETS LESS CURRENT
LIABILITIES

45,049

CREDITORS

(36,807

)

Amounts falling due after more than one
year

(30,307

)

(4,144

)

PROVISIONS FOR LIABILITIES

(3,300

)

12,524

NET ASSETS

11,442

CAPITAL AND RESERVES

160

Called up share capital

3

200

12,364

Profit and loss account

11,242

12,524

SHAREHOLDERS' FUNDS

11,442

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 22 August 2016 and were signed on its behalf by:

N J Pilgrim - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and over the lease term

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

95,634

Additions

1,242

At 30 November 2015

96,876

DEPRECIATION

At 1 December 2014

31,048

Charge for year

19,717

At 30 November 2015

50,765

NET BOOK VALUE

At 30 November 2015

46,111

At 30 November 2014

64,586

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.15

30.11.14

value:

£

200

Ordinary

£1

200

160

40 Ordinary shares of £1 were issued during the year for cash of £ 40 .

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2015 and

30 November 2014:

30.11.15

30.11.14

£

J G Pilgrim

Balance outstanding at start of year

-

Amounts advanced

3,726

-

Amounts repaid

-

Balance outstanding at end of year

3,726

-

S J Penny

Balance outstanding at start of year

-

Amounts advanced

1,039

-

Amounts repaid

-

Balance outstanding at end of year

1,039

-

The loans were repaid by each director on 25 May 2016.