Omni Search Partners Limited - Limited company accounts 16.1

REGISTERED NUMBER: 08798542

Report of the Director and

Unaudited Financial Statements

for the Year Ended 31 December 2015

for

Omni Search Partners Limited

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

K Cowan

REGISTERED OFFICE:

Ynot House

3 Wey Court

Mary Road

Guildford

Surrey

GU1 4QU

REGISTERED NUMBER:

08798542

ACCOUNTANTS:

AJ Bennewith & Company

3 Wey Court

Mary Road

Guildford

Surrey

GU1 4QU

The director presents his report with the financial statements of the company for the year ended 31 December 2015.

DIRECTORS

The directors who have held office during the period from 1 January 2015 to the date of this report are as follows:

K Cowan - appointed 6 May 2015

H C Anderson - resigned 6 May 2015

CHARITABLE DONATIONS AND EXPENDITURE

During the year ended 31 December 2015 the company made charitable donations as follows:

Trafigura Foundation

£10,000

Justgiving

£10

Asociata Salveaza

£5,000

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

K Cowan - Director

29 September 2016

TURNOVER

3

315,153

236,467

Cost of sales

54,668

109,400

GROSS PROFIT

260,485

127,067

Administrative expenses

41,055

57,625

OPERATING PROFIT

4

219,430

69,442

Interest receivable and similar income

2,000

1,333

PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION

221,430

70,775

Tax on profit on ordinary activities

5

44,286

14,155

PROFIT FOR THE FINANCIAL YEAR

177,144

56,620

CURRENT ASSETS

Debtors

7

43,716

54,025

Cash at bank

214,561

16,850

258,277

70,875

CREDITORS

Amounts falling due within one year

8

51,413

14,155

NET CURRENT ASSETS

206,864

56,720

TOTAL ASSETS LESS CURRENT
LIABILITIES

206,864

56,720

CAPITAL AND RESERVES

Called up share capital

9

100

Profit and loss account

10

206,764

56,620

SHAREHOLDERS' FUNDS

206,864

56,720

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements were approved by the director on 29 September 2016 and were signed by:

K Cowan - Director

1.	COMPANY INFORMATION

Omni Search Partners Limited ('Omni Search Partners') was incorporated on 2 December 2013 under the Companies Act

2006, as a private limited company and is registered in England and Wales. The principal activity of Omni Search Partners

is that of Management Consultancy. The address of its head office is Flat 9, 238 St James Road, London SE1 5LJ.

2.	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 January 2015).

Turnover

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

Deferred tax

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

3.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

The Directors believe there is only one material income stream from Management Consultancy split as follows:

2015

2014

UK Income

£50,000

£77,500

Rest of World Income

£265,156

£146,959

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.12.15

31.12.14

£

Directors' remuneration and other benefits etc

4,417

-

5.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

31.12.15

31.12.14

£

Current tax:

UK corporation tax

44,286

14,155

Tax on profit on ordinary activities

44,286

14,155

6.

DIVIDENDS

31.12.15

31.12.14

£

Ordinary shares of £1 each

Final

27,000

-

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.15

31.12.14

£

Other debtors

43,716

54,025

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.15

31.12.14

£

Taxation and social security

44,311

14,155

Other creditors

7,102

-

51,413

14,155

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

100

Ordinary

£1

100

10.

RESERVES

Profit

and loss

account

£

At 1 January 2015

56,620

Profit for the year

177,144

Dividends

(27,000

)

At 31 December 2015

206,764