2022-01-01 2022-12-31 false Capium Accounts Production 1.1 07526586 bus:AbridgedAccounts 2022-01-01 2022-12-31 07526586 bus:FRS102 2022-01-01 2022-12-31 07526586 bus:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 07526586 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 07526586 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 07526586 2022-01-01 2022-12-31 07526586 2022-12-31 07526586 bus:RegisteredOffice 2022-01-01 2022-12-31 07526586 core:WithinOneYear 2022-12-31 07526586 core:AfterOneYear 2022-12-31 07526586 bus:Director1 2022-01-01 2022-12-31 07526586 bus:Director1 2022-12-31 07526586 bus:Director1 2021-06-01 2021-12-31 07526586 2021-06-01 07526586 bus:CompanySecretary1 2022-01-01 2022-12-31 07526586 bus:LeadAgentIfApplicable 2022-01-01 2022-12-31 07526586 2021-06-01 2021-12-31 07526586 2021-12-31 07526586 core:WithinOneYear 2021-12-31 07526586 core:AfterOneYear 2021-12-31 07526586 bus:EntityAccountantsOrAuditors 2021-06-01 2021-12-31 07526586 core:FurnitureFittings 2022-01-01 2022-12-31 07526586 core:FurnitureFittings 2022-12-31 07526586 core:FurnitureFittings 2021-12-31 07526586 core:ComputerEquipment 2022-01-01 2022-12-31 07526586 core:ComputerEquipment 2022-12-31 07526586 core:ComputerEquipment 2021-12-31 07526586 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-12-31 07526586 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2021-12-31 07526586 core:OtherResidualIntangibleAssets 2022-01-01 2022-12-31 07526586 core:OtherResidualIntangibleAssets 2022-12-31 07526586 core:OtherResidualIntangibleAssets 2021-12-31 07526586 core:CostValuation core:Non-currentFinancialInstruments 2022-12-31 07526586 core:CostValuation core:Non-currentFinancialInstruments 2021-12-31 07526586 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2022-12-31 07526586 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2022-12-31 07526586 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2022-12-31 07526586 core:Non-currentFinancialInstruments 2022-12-31 07526586 core:Non-currentFinancialInstruments 2021-12-31 07526586 core:ShareCapital 2022-12-31 07526586 core:ShareCapital 2021-12-31 07526586 core:RetainedEarningsAccumulatedLosses 2022-12-31 07526586 core:RetainedEarningsAccumulatedLosses 2021-12-31 07526586 dpl:Item1 2022-01-01 07526586 dpl:Item1 2022-12-31 07526586 dpl:Item1 2021-06-01 07526586 dpl:Item1 2021-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 07526586


 

 

 

ON ASSOCIATES LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 January 2022

End date: 31 December 2022
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of On Associates Limited for the year ended 31 December 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of On Associates Limited for the year ended 31 December 2022 as set out on pages Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us
As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the Board of Directors of On Associates Limited , as a body, in accordance with the terms of our engagement letter dated 30 September 2023. Our work has been undertaken solely to prepare for your approval the accounts of On Associates Limited and state those matters that we have agreed to state to the Board of Directors of On Associates Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than On Associates Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that On Associates Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of On Associates Limited . You consider that On Associates Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of On Associates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory account
31 December 2022



....................................................
Moose Accounting Limited
Studio 512/513, The Custard Factory
Gibb Street
Birmingham
West Midlands
B9 4DP
30 September 2023
1
 
 
Notes
 
2022
£
  2021
£
Fixed assets      
Intangible fixed assets 3 817,837   
Tangible fixed assets 4 92,383    25,888 
910,220    25,888 
Current assets      
Debtors: amounts falling due within one year 371,913    387,801 
Debtors: amounts falling due after one year 28,800   
Cash at bank and in hand 36,875    294,386 
437,588    682,187 
Creditors: amount falling due within one year (1,087,392)   (491,196)
Net current liabilities (649,804)   190,991 
 
Total assets less current liabilities 260,416    216,879 
Creditors: amount falling due after more than one year (281,644)  
Accruals and deferred income (1,002)  
Net liabilities (22,230)   216,879 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account (22,330)   216,779 
Shareholder's funds (22,230)   216,879 
 


For the year ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 30 September 2023 and were signed by:


-------------------------------
Tudinh Duong
Director
2
General Information
On Associates Limited is a private company, limited by shares , registered in England and Wales , registration number 07526586 , registration address Studio 512/513, The Custard Factory, Gibb Street, Birmingham, B9 4DP.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of services supplied by the company, net of Value Added Tax.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 25% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 4 (2021 : 2).
3.

Intangible fixed assets

Cost Other   Total
  £   £
At 01 January 2022  
Additions 1,023,301    1,023,301 
Disposals  
At 31 December 2022 1,023,301    1,023,301 
Amortisation
At 01 January 2022  
Charge for year 205,464    205,464 
On disposals  
At 31 December 2022 205,464    205,464 
Net book values
At 31 December 2022 817,837    817,837 
At 31 December 2021  


4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 January 2022 3,437    103,764    107,201 
Additions    
Disposals    
At 31 December 2022 3,437    103,764    107,201 
Depreciation
At 01 January 2022   14,818    14,818 
Charge for year    
On disposals    
At 31 December 2022   14,818    14,818 
Net book values
Closing balance as at 31 December 2022 3,437    88,946    92,383 
Opening balance as at 01 January 2022   25,888    25,888 


3