31 January 2022 false No description of principal activity Taxfiler 2023.9.1 11159703business:PrivateLimitedCompanyLtd2022-01-312023-01-30 111597032022-01-30 111597032022-01-312023-01-30 11159703business:AuditExempt-NoAccountantsReport2022-01-312023-01-30 11159703business:FilletedAccounts2022-01-312023-01-30 111597032023-01-30 11159703business:Director12022-01-312023-01-30 11159703business:RegisteredOffice2022-01-312023-01-30 111597032022-01-30 11159703core:WithinOneYear2023-01-30 11159703core:WithinOneYear2022-01-30 11159703core:AfterOneYear2023-01-30 11159703core:AfterOneYear2022-01-30 11159703core:ShareCapitalcore:PreviouslyStatedAmount2023-01-30 11159703core:ShareCapitalcore:PreviouslyStatedAmount2022-01-30 11159703core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-30 11159703core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-01-30 11159703core:PreviouslyStatedAmount2023-01-30 11159703core:PreviouslyStatedAmount2022-01-30 11159703business:SmallEntities2022-01-312023-01-30 11159703countries:EnglandWales2022-01-312023-01-30 111597032021-01-312022-01-30 iso4217:GBP xbrli:pure
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
Page
- 2 -
Online Essentials Distribution Ltd Company Information for the year ended 30 January 2023
Director
Aaron Wint
Company Number
11159703 (England and Wales)
Registered Office
71-75 SHELTON STREET COVENT GARDEN LONDON WC2H 9JQ United Kingdom
- 3 -
Online Essentials Distribution Ltd Statement of financial position as at 30 January 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
47,391 
15,768 
Debtors
190,410 
98,029 
Cash at bank and in hand
30,286 
15,796 
268,087 
129,593 
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)
Net assets
55,181 
12,888 
Capital and reserves
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
- 4 -
Online Essentials Distribution Ltd Notes to the Accounts for the year ended 30 January 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Foreign exchange
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
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.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
141,904 
51,923 
Trade debtors
46,445 
7,195 
Other debtors
2,061 
38,911 
190,410 
98,029 
- 5 -
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 
Trade creditors
1,474 
498 
Taxes and social security
33,932 
23,287 
Other creditors
47,271 
3,048 
Loans from directors
54,520 
42,072 
Accruals
1,500 
1,500 
169,437 
75,968 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
43,469 
40,737 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
- 6 -