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REGISTERED NUMBER: 04281952 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Onesystem Limited

Onesystem Limited (Registered number: 04281952)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Onesystem Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: I M Shaw
Mrs J E Shaw



SECRETARY: Mrs J E Shaw



REGISTERED OFFICE: Breachlands
Breach Lane
Melbourne
Derby
Derbyshire
DE73 8DF



REGISTERED NUMBER: 04281952 (England and Wales)



ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ



BANKERS: Lloyds Bank
43 Irongate
Derby
DE1 3FT

Onesystem Limited (Registered number: 04281952)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 14,024 16,559
14,024 16,559

CURRENT ASSETS
Debtors 6 9,416 15,516
Cash at bank 8,402 382
17,818 15,898
CREDITORS
Amounts falling due within one year 7 155,682 152,370
NET CURRENT LIABILITIES (137,864 ) (136,472 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(123,840

)

(119,913

)

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings (124,040 ) (120,113 )
SHAREHOLDERS' FUNDS (123,840 ) (119,913 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 Board of Directors and authorised for issue on 2 April 2024 and were signed on its behalf by:




I M Shaw - Director


Onesystem Limited (Registered number: 04281952)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Onesystem 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.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Equipment - 15% on reducing balance

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 the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Deferred taxation
Deferred tax is recognised in respect of all material timing differences.

A deferred tax asset is only recognised where it is more likely than not that there will be suitable profits from which the future reversal of losses can be deducted.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 7,000
AMORTISATION
At 1 November 2022
and 31 October 2023 7,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

Onesystem Limited (Registered number: 04281952)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 November 2022
and 31 October 2023 17,592 22,410 21,026 83,940 144,968
DEPRECIATION
At 1 November 2022 14,256 20,488 20,506 73,159 128,409
Charge for year 500 288 130 1,617 2,535
At 31 October 2023 14,756 20,776 20,636 74,776 130,944
NET BOOK VALUE
At 31 October 2023 2,836 1,634 390 9,164 14,024
At 31 October 2022 3,336 1,922 520 10,781 16,559


6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Other debtors 379 63
Tax - 15,453
379 15,516

Amounts falling due after more than one year:
Deferred tax asset
Tax losses carried forward 9,037 -
9,037 -

Aggregate amounts 9,416 15,516

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 553
Trade creditors - 274
Directors' current account 153,762 149,625
Accrued expenses 1,920 1,918
155,682 152,370

Onesystem Limited (Registered number: 04281952)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts - 553