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REGISTERED NUMBER: 05695268 (England and Wales)

















One to One Food Services Limited

Financial Statements

for the Year Ended 31 March 2023






One to One Food Services Limited (Registered number: 05695268)

Contents of the Financial Statements
for the year ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


One to One Food Services Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: D Dean
Ms M Farn



SECRETARY: Ms M Farn



REGISTERED OFFICE: 24 Cornwall Road
Dorchester
Dorset
DT1 1RX



REGISTERED NUMBER: 05695268 (England and Wales)



ACCOUNTANTS: Read Woodruff
Chartered Accountants
24 Cornwall Road
Dorchester
Dorset
DT1 1RX



BANKERS: Barclays Bank plc
10 South Street
Dorchester
Dorset
DT1 1BT

One to One Food Services Limited (Registered number: 05695268)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 73,945 81,387

CURRENT ASSETS
Stocks 23,801 23,682
Debtors 5 776 978
Cash at bank and in hand 3,125 24,045
27,702 48,705
CREDITORS
Amounts falling due within one year 6 52,811 62,735
NET CURRENT LIABILITIES (25,109 ) (14,030 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,836

67,357

CREDITORS
Amounts falling due after more than one
year

7

(25,114

)

(45,784

)

PROVISIONS FOR LIABILITIES (4,236 ) (3,689 )
NET ASSETS 19,486 17,884

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 19,484 17,882
SHAREHOLDERS' FUNDS 19,486 17,884

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 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 Board of Directors and authorised for issue on 5 October 2023 and were signed on its behalf by:




D Dean - Director



Ms M Farn - Director


One to One Food Services Limited (Registered number: 05695268)

Notes to the Financial Statements
for the year ended 31 March 2023


1. STATUTORY INFORMATION

One to One Food Services Limited 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.

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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Fixtures, fittings, equipment - 15% on reducing balance and 10% on reducing balance
Motor vehicles - 25% on reducing balance

The directors consider that freehold properties are maintained in such a state of repair that their residual value is at least equal to their net book value. As a result, the corresponding depreciation charge for the year is nil. The directors perform annual impairment reviews to ensure that the recoverable amount is not lower than the carrying 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 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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

One to One Food Services Limited (Registered number: 05695268)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
Freehold fittings, Motor
property equipment vehicles Totals
£    £    £    £   
COST
At 1 April 2022 33,159 71,384 25,640 130,183
Additions - - 14,250 14,250
Disposals - (14,914 ) (9,645 ) (24,559 )
At 31 March 2023 33,159 56,470 30,245 119,874
DEPRECIATION
At 1 April 2022 - 37,853 10,943 48,796
Charge for year - 10,738 5,062 15,800
Eliminated on disposal - (12,972 ) (5,695 ) (18,667 )
At 31 March 2023 - 35,619 10,310 45,929
NET BOOK VALUE
At 31 March 2023 33,159 20,851 19,935 73,945
At 31 March 2022 33,159 33,531 14,697 81,387

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Fixtures,
fittings, Motor
equipment vehicles Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 51,604 15,995 67,599
DEPRECIATION
At 1 April 2022 22,792 5,248 28,040
Charge for year 10,321 2,687 13,008
At 31 March 2023 33,113 7,935 41,048
NET BOOK VALUE
At 31 March 2023 18,491 8,060 26,551
At 31 March 2022 28,812 10,747 39,559

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 164
Other debtors 776 814
776 978

One to One Food Services Limited (Registered number: 05695268)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,000 8,000
Hire purchase contracts and finance leases 12,670 12,670
Trade creditors 1,526 7,224
Taxation and social security 4,248 14,383
Other creditors 26,367 20,458
52,811 62,735

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 17,333 25,333
Hire purchase contracts and finance leases 7,781 20,451
25,114 45,784

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts and finance leases 20,451 33,121

Hire purchase and finance lease liabilities are secured on the assets concerned.