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Company Registration No. 11797400 (England and Wales)
Onlyus Enterprises UK Ltd Unaudited accounts for the year ended 31 January 2023
Onlyus Enterprises UK Ltd Unaudited accounts Contents
Page
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Onlyus Enterprises UK Ltd Company Information for the year ended 31 January 2023
Director
Qaiser Naveed
Company Number
11797400 (England and Wales)
Registered Office
28 ST. Nicholas Road Oxford OX4 4PP United Kingdom
Accountants
ABR Chartered Accountants 2-4 Eastern Road St Georges House Romford RM1 3PJ
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Onlyus Enterprises UK Ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,508 
1,387 
Current assets
Inventories
231,524 
73,859 
Debtors
56,700 
33,663 
Cash at bank and in hand
3,059 
31,974 
291,283 
139,496 
Creditors: amounts falling due within one year
(254,953)
(94,329)
Net current assets
36,330 
45,167 
Total assets less current liabilities
37,838 
46,554 
Creditors: amounts falling due after more than one year
(35,417)
(46,084)
Net assets
2,421 
470 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
2,321 
370 
Shareholders' funds
2,421 
470 
For the year ending 31 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 May 2023 and were signed on its behalf by
Qaiser Naveed Director Company Registration No. 11797400
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Onlyus Enterprises UK Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Onlyus Enterprises UK Ltd is a private company, limited by shares, registered in England and Wales, registration number 11797400. The registered office is 28 ST. Nicholas Road, Oxford, OX4 4PP, 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2022
1,850 
- 
1,850 
Additions
- 
624 
624 
At 31 January 2023
1,850 
624 
2,474 
Depreciation
At 1 February 2022
463 
- 
463 
Charge for the year
347 
156 
503 
At 31 January 2023
810 
156 
966 
Net book value
At 31 January 2023
1,040 
468 
1,508 
At 31 January 2022
1,387 
- 
1,387 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
31,700 
33,663 
Accrued income and prepayments
25,000 
- 
56,700 
33,663 
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Onlyus Enterprises UK Ltd Notes to the Accounts for the year ended 31 January 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
21,554 
7,704 
VAT
3,914 
3,024 
Trade creditors
91,882 
22,502 
Taxes and social security
10,287 
2,106 
Accrued preference dividends
- 
1,200 
Other creditors
15,632 
- 
Loans from directors
111,684 
57,793 
254,953 
94,329 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
35,417 
46,084 
8
Average number of employees
During the year the average number of employees was 3 (2022: 0).
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