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REGISTERED NUMBER: 12842169 (England and Wales)















Financial Statements for the Period 27 August 2020 to 31 August 2021

for

ONE2SHOP LTD

ONE2SHOP LTD (REGISTERED NUMBER: 12842169)






Contents of the Financial Statements
for the Period 27 August 2020 to 31 August 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ONE2SHOP LTD

Company Information
for the Period 27 August 2020 to 31 August 2021







DIRECTOR: Mrs A K Sahni





REGISTERED OFFICE: 1 Sudbury Hill
16 Maven Court
Harrow
Middlesex
HA1 3SB





REGISTERED NUMBER: 12842169 (England and Wales)





ACCOUNTANTS: Raj & Co.
Chartered Management Accountants
108 Ashurst Drive
Ilford
Essex
IG6 1AQ

ONE2SHOP LTD (REGISTERED NUMBER: 12842169)

Balance Sheet
31 August 2021

Notes £    £   
FIXED ASSETS
Tangible assets 4 667

CURRENT ASSETS
Stocks 5 1,295
Debtors 6 1,600
Cash at bank 24,089
26,984
CREDITORS
Amounts falling due within one year 7 23,892
NET CURRENT ASSETS 3,092
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,759

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 3,659
SHAREHOLDERS' FUNDS 3,759

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 August 2022 and were signed by:





Mrs A K Sahni - Director


ONE2SHOP LTD (REGISTERED NUMBER: 12842169)

Notes to the Financial Statements
for the Period 27 August 2020 to 31 August 2021

1. STATUTORY INFORMATION

One2Shop Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared in accordance with applicable Accounting Standards in the United Kingdom. A summary of the more important policies which have been applied consistently is set out below:

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment- 25% on written down value

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

Taxation
Taxation for the period 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.

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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

ONE2SHOP LTD (REGISTERED NUMBER: 12842169)

Notes to the Financial Statements - continued
for the Period 27 August 2020 to 31 August 2021

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 890
At 31 August 2021 890
DEPRECIATION
Charge for period 223
At 31 August 2021 223
NET BOOK VALUE
At 31 August 2021 667

5. STOCKS
£   
Finished goods 1,295

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 795
VAT 805
1,600

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 8,000
Trade creditors 9,179
Corporation tax 702
Directors' current accounts 5,011
Accruals and deferred income 1,000
23,892