REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 June 2018 |
for |
Onetran Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 June 2018 |
for |
Onetran Limited |
Onetran Limited (Registered number: 02320888) |
Contents of the Financial Statements |
for the Year Ended 30 June 2018 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Report of the Accountants | 8 |
Onetran Limited |
Company Information |
for the Year Ended 30 June 2018 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Unit 3E |
Enterprise House |
Valley Street North |
Darlington |
Co. Durham |
DL1 1GY |
Onetran Limited (Registered number: 02320888) |
Balance Sheet |
30 June 2018 |
2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
Onetran Limited (Registered number: 02320888) |
Balance Sheet - continued |
30 June 2018 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on by: |
Onetran Limited (Registered number: 02320888) |
Notes to the Financial Statements |
for the Year Ended 30 June 2018 |
1. | STATUTORY INFORMATION |
Onetran Limited is a |
registered number and registered office address can be found on the Company Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of |
Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" |
and the Companies Act 2006. These financial statements have been prepared in accordance with the provisions of |
Section 1A "Small Entities" of Financial Reporting Standards 102 "The Financial Reporting Standard applicable in |
the UK and Republic of Ireland" and Companies Act 2006. The accounts have been prepared in accordance with |
the provisions of FRS 102 1A Small Entities. There were no material departures from the standard. |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Significant judgements and estimates |
There have been no significant judgements and estimates within the financial statements. All provisions made |
including stock and depreciation of assets have been reviewed for accuracy and are in line with accounting |
policies noted within the financial statements. |
Changes in accounting policies |
The principal accounting policies adopted in the preparation of the financial statements have remained |
unchanged from the previous year and have been consistently applied with in the same accounts. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Impairment reviews have been conducted to ensure no provisions are required. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
Onetran Limited (Registered number: 02320888) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2018 |
3. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
5. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor | Computer |
machinery | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 July 2017 |
and 30 June 2018 |
DEPRECIATION |
At 1 July 2017 |
Charge for year |
At 30 June 2018 |
NET BOOK VALUE |
At 30 June 2018 |
At 30 June 2017 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
Other debtors |
Prepayments |
Onetran Limited (Registered number: 02320888) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2018 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
Tax |
Social security and other taxes |
VAT | 58,113 | 65,205 |
Other creditors |
Directors' current accounts | 24,107 | 1,533 |
Accrued expenses |
8. | PROVISIONS FOR LIABILITIES |
2018 | 2017 |
£ | £ |
Deferred tax | 2,947 | 3,910 |
Deferred |
tax |
£ |
Balance at 1 July 2017 |
Credit to Income Statement during year | ( |
) |
Accelerated capital allowances |
Balance at 30 June 2018 |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
10. | OTHER FINANCIAL COMMITMENTS |
The company has future financial commitments of £4,920 regarding operating leases (2017: £4,920). |
11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to directors subsisted during the years ended 30 June 2018 and |
30 June 2017: |
2018 | 2017 |
£ | £ |
Balance outstanding at start of year | ( |
) | ( |
) |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) | ( |
) |
12. | RELATED PARTY DISCLOSURES |
During the year, total dividends of £72,000 (2017 - £50,000) were paid to the directors . |
Onetran Limited (Registered number: 02320888) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2018 |
13. | POST BALANCE SHEET EVENTS |
Post balance sheet events have been considered and there are no adjusting and non-adjusting balance sheet |
events to be disclosed. |
14. | ULTIMATE CONTROLLING PARTY |
The controlling party is the directors and shareholders. |
Onetran Limited |
Report of the Accountants to the Directors of |
Onetran Limited |
The following reproduces the text of the report prepared for the directors in respect of the company's |
annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only |
required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other |
primary statements and the Report of the Directors are not required to be filed with the Registrar of |
Companies. |
As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2018 set out on pages nil to nil and you consider that the company is exempt from an audit. |
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
Chartered Accountants |
Unit 3E |
Enterprise House |
Valley Street North |
Darlington |
Co. Durham |
DL1 1GY |