Company Registration No. 12448317 (England and Wales)
One Point Five Comms Ltd
Unaudited accounts
for the year ended 28 February 2023
One Point Five Comms Ltd
Unaudited accounts
Contents
One Point Five Comms Ltd
Company Information
for the year ended 28 February 2023
Company Number
12448317 (England and Wales)
Registered Office
Sirius Houseboat
Harbourmaster's Office
46 Goodhart Place
London
E14 8EG
United Kingdom
Accountants
Anchorage
2 Rydell Mount
37 Bodenham Road
Hereford
Herefordshire
HR1 2TP
One Point Five Comms Ltd
Statement of financial position
as at 28 February 2023
Cash at bank and in hand
3,189
790
Creditors: amounts falling due within one year
(3,324)
(2,140)
Net current assets/(liabilities)
1,686
(237)
Total assets less current liabilities
2,013
363
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
1,950
248
Shareholders' funds
1,951
249
For the year ending 28 February 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 29 November 2023 and were signed on its behalf by
Mr Darren Moore
Director
Company Registration No. 12448317
One Point Five Comms Ltd
Notes to the Accounts
for the year ended 28 February 2023
One Point Five Comms Ltd is a private company, limited by shares, registered in England and Wales, registration number 12448317. The registered office is Sirius Houseboat, Harbourmaster's Office, 46 Goodhart Place, London, E14 8EG, 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.
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.
The accounts have been prepared under the historical cost convention with the exception of certain fixed assets introduced by the director, which are recorded at the open market value of the asset at the date they were introduced.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Material fixed assets are capitalised when their benefit extends beyond one year. They are recorded at cost less depreciation and impairment. Depreciation is calculated so as to write off the cost of an asset (less its estimated residual value), over the useful economic life of the asset as follows:
Plant & machinery
15% Straight line
Computer equipment
25% Straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
One Point Five Comms Ltd
Notes to the Accounts
for the year ended 28 February 2023
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2022
53
1,059
1,112
At 28 February 2023
53
1,059
1,112
At 1 March 2022
15
497
512
Charge for the year
8
265
273
At 28 February 2023
23
762
785
At 28 February 2023
30
297
327
At 28 February 2022
38
562
600
Amounts falling due within one year
Accrued income and prepayments
270
529
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
1,685
486
Loans from directors
26
622
7
Transactions with related parties
During the period, the company became liable for dividends of £2,850 to its director (2022: £Nil).
During the period, the company provided services totalling £Nil (2022: £1,800) to Slow Ways CIC, a company related by common control. No amounts were outstanding at the balance sheet date.
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).