Omni HR Solutions Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC393230 (Scotland)

Abbreviated Accounts for the Year Ended 29 February 2016

for

Omni HR Solutions Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A M O'Connell

A J Bernard

REGISTERED OFFICE:

Summit House

4-5 Mitchell Street

Edinburgh

EH6 7BD

REGISTERED NUMBER:

SC393230 (Scotland)

ACCOUNTANTS:

Atkinsons

Chartered Accountants

Palmeira Avenue Mansions

19 Church Road

Hove

East Sussex

BN3 2FA

FIXED ASSETS

Intangible assets

2

40,000

45,000

CURRENT ASSETS

Debtors

4,775

216

Cash at bank

1,823

1,724

6,598

1,940

CREDITORS

Amounts falling due within one year

169,704

121,029

NET CURRENT LIABILITIES

(163,106

)

(119,089

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(123,106

)

(74,089

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(123,206

)

(74,189

)

SHAREHOLDERS' FUNDS

(123,106

)

(74,089

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2016 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 31 October 2016 and were signed on its behalf by:

A J Bernard - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared on the basis that the company will continue to be a going concern.

At the year end the current liabilities exceeded current assets by £163,106.

The validity of this basis depends upon the continued support of the company's director. The director confirms

that they will give their required support.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Deferred tax

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

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2015

and 29 February 2016

50,000

AMORTISATION

At 1 March 2015

5,000

Amortisation for year

5,000

At 29 February 2016

10,000

NET BOOK VALUE

At 29 February 2016

40,000

At 28 February 2015

45,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

29.2.16

28.2.15

value:

£

100

Ordinary

£1

100