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REGISTERED NUMBER: 08542785 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2022

FOR

ONE STOP BUILDING SERVICES (SW) LTD

ONE STOP BUILDING SERVICES (SW) LTD (REGISTERED NUMBER: 08542785)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ONE STOP BUILDING SERVICES (SW) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2022







DIRECTOR: S Zanni





REGISTERED OFFICE: 8 Manse Road
Carnon Downs
TRURO
Cornwall
TR3 6JE





REGISTERED NUMBER: 08542785 (England and Wales)





ACCOUNTANTS: Lang Bennetts
The Old Carriage Works
Moresk Road
TRURO
Cornwall
TR1 1DG

ONE STOP BUILDING SERVICES (SW) LTD (REGISTERED NUMBER: 08542785)

BALANCE SHEET
30 NOVEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 17,213 784

CURRENT ASSETS
Stocks 33,801 32,695
Debtors 6 180 -
Cash at bank 8,055 15,818
42,036 48,513
CREDITORS
Amounts falling due within one year 7 145,466 132,194
NET CURRENT LIABILITIES (103,430 ) (83,681 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(86,217

)

(82,897

)

CREDITORS
Amounts falling due after more than one year 8 16,327 15,179
NET LIABILITIES (102,544 ) (98,076 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (102,545 ) (98,077 )
SHAREHOLDERS' FUNDS (102,544 ) (98,076 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ONE STOP BUILDING SERVICES (SW) LTD (REGISTERED NUMBER: 08542785)

BALANCE SHEET - continued
30 NOVEMBER 2022


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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 November 2023 and were signed by:





S Zanni - Director


ONE STOP BUILDING SERVICES (SW) LTD (REGISTERED NUMBER: 08542785)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

1. STATUTORY INFORMATION

One Stop Building Services (SW) Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on the going concern basis. The director considers this to be
appropriate as he has given his assurance that he will not seek repayment of amounts due to him to the detriment of other creditors. As at 30 November 2022 the company owed him £91,672 (2021: £80,947).

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when the amount of revenue, stage of completion and costs incurred can be measured reliably.Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost and 15% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement.

ONE STOP BUILDING SERVICES (SW) LTD (REGISTERED NUMBER: 08542785)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2022

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2021 6,325
Additions 21,167
At 30 November 2022 27,492
DEPRECIATION
At 1 December 2021 5,541
Charge for year 4,738
At 30 November 2022 10,279
NET BOOK VALUE
At 30 November 2022 17,213
At 30 November 2021 784

ONE STOP BUILDING SERVICES (SW) LTD (REGISTERED NUMBER: 08542785)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2022

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 19,995
At 30 November 2022 19,995
DEPRECIATION
Charge for year 3,999
At 30 November 2022 3,999
NET BOOK VALUE
At 30 November 2022 15,996

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 180 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 4,000 2,500
Hire purchase contracts 2,519 -
Trade creditors 5,711 12,396
Social security and other taxes 3,002 7,011
VAT 32,196 25,133
Other creditors 2,373 1,564
Directors' current accounts 91,672 80,947
Accrued expenses 3,993 2,643
145,466 132,194

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans - 1-2 years 4,000 2,500
Bank loans - 2-5 years 5,679 12,679
Hire purchase contracts 6,648 -
16,327 15,179