Company Registration No. 11159703 (England and Wales)
Online Essentials Distribution Ltd
Unaudited accounts
for the year ended 30 January 2023
Online Essentials Distribution Ltd
Unaudited accounts
Contents
Online Essentials Distribution Ltd
Company Information
for the year ended 30 January 2023
Company Number
11159703 (England and Wales)
Registered Office
71-75 SHELTON STREET
COVENT GARDEN
LONDON
WC2H 9JQ
United Kingdom
Online Essentials Distribution Ltd
Statement of financial position
as at 30 January 2023
Cash at bank and in hand
30,286
15,796
Creditors: amounts falling due within one year
(169,437)
(75,968)
Net current assets
98,650
53,625
Total assets less current liabilities
98,650
53,625
Creditors: amounts falling due after more than one year
(43,469)
(40,737)
Called up share capital
1
1
Profit and loss account
55,180
12,887
Shareholders' funds
55,181
12,888
For the year ending 30 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 October 2023 and were signed on its behalf by
Aaron Wint
Director
Company Registration No. 11159703
Online Essentials Distribution Ltd
Notes to the Accounts
for the year ended 30 January 2023
Online Essentials Distribution Ltd is a private company, limited by shares, registered in England and Wales, registration number 11159703. The registered office is 71-75 SHELTON STREET, COVENT GARDEN, LONDON, WC2H 9JQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Amounts falling due within one year
Trade debtors
46,445
7,195
Other debtors
2,061
38,911
Online Essentials Distribution Ltd
Notes to the Accounts
for the year ended 30 January 2023
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
30,740
5,563
Taxes and social security
33,932
23,287
Other creditors
47,271
3,048
Loans from directors
54,520
42,072
6
Creditors: amounts falling due after more than one year
2023
2022
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).