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REGISTERED NUMBER: 05405867 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

ONEPLANET ADVENTURE LIMITED

ONEPLANET ADVENTURE LIMITED (REGISTERED NUMBER: 05405867)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ONEPLANET ADVENTURE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: I Owen
J E Gaffney





SECRETARY: I Owen





REGISTERED OFFICE: 3 Grove Road
Wrexham
LL11 1DY





REGISTERED NUMBER: 05405867 (England and Wales)





ACCOUNTANTS: Guy Walmsley Limited
Chartered Accountants
3 Grove Road
Wrexham
LL11 1DY

ONEPLANET ADVENTURE LIMITED (REGISTERED NUMBER: 05405867)

BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,085,369 1,068,518

CURRENT ASSETS
Stocks 5 357,358 258,394
Debtors 6 19,266 24,007
Cash at bank and in hand 118,111 286,865
494,735 569,266
CREDITORS
Amounts falling due within one year 7 403,358 378,144
NET CURRENT ASSETS 91,377 191,122
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,176,746

1,259,640

CREDITORS
Amounts falling due after more than one
year

8

(753,678

)

(879,903

)

PROVISIONS FOR LIABILITIES (17,621 ) (11,636 )
NET ASSETS 405,447 368,101

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 405,347 368,001
SHAREHOLDERS' FUNDS 405,447 368,101

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ONEPLANET ADVENTURE LIMITED (REGISTERED NUMBER: 05405867)

BALANCE SHEET - continued
28 FEBRUARY 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 Board of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by:




I Owen - Director



J E Gaffney - Director


ONEPLANET ADVENTURE LIMITED (REGISTERED NUMBER: 05405867)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Oneplanet Adventure 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.
Improvements to property - 10% on cost
Plant and machinery - 15% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

ONEPLANET ADVENTURE LIMITED (REGISTERED NUMBER: 05405867)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2022 - 39 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 March 2022 954,743 80,271 42,921
Additions 37,885 - -
At 28 February 2023 992,628 80,271 42,921
DEPRECIATION
At 1 March 2022 - 18,031 13,296
Charge for year - 8,027 6,439
At 28 February 2023 - 26,058 19,735
NET BOOK VALUE
At 28 February 2023 992,628 54,213 23,186
At 28 February 2022 954,743 62,240 29,625

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2022 53,754 62,554 41,116 1,235,359
Additions - - 680 38,565
At 28 February 2023 53,754 62,554 41,796 1,273,924
DEPRECIATION
At 1 March 2022 46,855 47,543 41,116 166,841
Charge for year 1,725 5,298 225 21,714
At 28 February 2023 48,580 52,841 41,341 188,555
NET BOOK VALUE
At 28 February 2023 5,174 9,713 455 1,085,369
At 28 February 2022 6,899 15,011 - 1,068,518

ONEPLANET ADVENTURE LIMITED (REGISTERED NUMBER: 05405867)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 34,290 26,490 60,780
DEPRECIATION
At 1 March 2022 13,296 6,181 19,477
Charge for year 5,144 5,298 10,442
At 28 February 2023 18,440 11,479 29,919
NET BOOK VALUE
At 28 February 2023 15,850 15,011 30,861
At 28 February 2022 20,994 20,309 41,303

5. STOCKS
28.2.23 28.2.22
£    £   
Stocks 357,358 258,394

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 6,000 -
Paypal 4,884 8,401
Cycle Finance 3,100 7,500
Prepayments 5,282 8,106
19,266 24,007

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 112,667 112,667
Hire purchase contracts 13,672 12,549
Trade creditors 139,551 110,342
Tax 35,457 58,778
Social security and other taxes 5,728 4,052
VAT 38,290 24,396
Other creditors 44,567 39,398
Directors' current accounts 5,222 3,904
Accrued expenses 8,204 12,058
403,358 378,144

ONEPLANET ADVENTURE LIMITED (REGISTERED NUMBER: 05405867)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans - 1-2 years 168,667 168,667
Bank loans - 2-5 years 213,660 306,633
Bank loans more 5 yr by instal 371,351 390,931
Hire purchase contracts - 13,672
753,678 879,903

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 371,351 390,931