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REGISTERED NUMBER: 08015989 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

ONE SOLUTION (IMS) LIMITED

ONE SOLUTION (IMS) LIMITED (REGISTERED NUMBER: 08015989)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ONE SOLUTION (IMS) LIMITED

COMPANY INFORMATION
For The Year Ended 30 April 2023







DIRECTOR: I Lund





REGISTERED OFFICE: 31 High View Close
Hamilton Office Park
Leicester
Leicestershire
LE4 9LJ





REGISTERED NUMBER: 08015989 (England and Wales)





ACCOUNTANTS: TC SEM Limited
31 High View Close
Hamilton Office Park
Leicester
Leicestershire
LE4 9LJ

ONE SOLUTION (IMS) LIMITED (REGISTERED NUMBER: 08015989)

BALANCE SHEET
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,570 49,664

CURRENT ASSETS
Debtors 5 425,221 237,580
Cash at bank and in hand 54,585 128,336
479,806 365,916
CREDITORS
Amounts falling due within one year 6 381,588 259,361
NET CURRENT ASSETS 98,218 106,555
TOTAL ASSETS LESS CURRENT LIABILITIES 135,788 156,219

CREDITORS
Amounts falling due after more than
one year

7

(56,545

)

(73,754

)

PROVISIONS FOR LIABILITIES (7,270 ) (9,436 )
NET ASSETS 71,973 73,029

CAPITAL AND RESERVES
Called up share capital 8 55 55
Retained earnings 71,918 72,974
SHAREHOLDERS' FUNDS 71,973 73,029

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 SOLUTION (IMS) LIMITED (REGISTERED NUMBER: 08015989)

BALANCE SHEET - continued
30 April 2023


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 director and authorised for issue on 25 July 2023 and were signed by:





I Lund - Director


ONE SOLUTION (IMS) LIMITED (REGISTERED NUMBER: 08015989)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2023


1. STATUTORY INFORMATION

One Solution (IMS) 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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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.

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.

ONE SOLUTION (IMS) LIMITED (REGISTERED NUMBER: 08015989)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2022 6,046 67,909 7,772 81,727
Additions - - 486 486
Disposals - - (3,862 ) (3,862 )
At 30 April 2023 6,046 67,909 4,396 78,351
DEPRECIATION
At 1 May 2022 5,390 19,099 7,574 32,063
Charge for year 164 12,203 213 12,580
Eliminated on disposal - - (3,862 ) (3,862 )
At 30 April 2023 5,554 31,302 3,925 40,781
NET BOOK VALUE
At 30 April 2023 492 36,607 471 37,570
At 30 April 2022 656 48,810 198 49,664

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2022
and 30 April 2023 67,909
DEPRECIATION
At 1 May 2022 19,099
Charge for year 12,203
At 30 April 2023 31,302
NET BOOK VALUE
At 30 April 2023 36,607
At 30 April 2022 48,810

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 422,506 232,812
Other debtors 2,715 4,768
425,221 237,580

ONE SOLUTION (IMS) LIMITED (REGISTERED NUMBER: 08015989)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 8,413 8,413
Trade creditors 199,892 162,161
Taxation and social security 120,101 17,123
Other creditors 43,182 61,664
381,588 259,361

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 23,173 31,970
Hire purchase contracts 33,372 41,784
56,545 73,754

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
5,500 Ordinary 1p 55 55

9. RELATED PARTY DISCLOSURES

Included in other creditors is a loan from the director of £1,743 (2021 £2,083).

10. ULTIMATE CONTROLLING PARTY

The company is controlled by I Lund the majority shareholder.