IRIS Accounts Production v23.3.1.45 07245590 director 1.6.22 31.5.23 31.5.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh072455902022-05-31072455902023-05-31072455902022-06-012023-05-31072455902021-05-31072455902021-06-012022-05-31072455902022-05-3107245590ns10:Originalns15:EnglandWales2022-06-012023-05-3107245590ns14:PoundSterlingns10:Original2022-06-012023-05-3107245590ns10:Originalns10:Director12022-06-012023-05-3107245590ns10:Original2022-06-012023-05-3107245590ns10:Original2023-05-3107245590ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3107245590ns10:Originalns10:SmallEntities2022-06-012023-05-3107245590ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3107245590ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3107245590ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3107245590ns10:Originalns10:FullAccounts2022-06-012023-05-3107245590ns10:Originalns10:RegisteredOffice2022-06-012023-05-3107245590ns10:Original2022-05-3107245590ns10:Originalns5:CurrentFinancialInstruments2023-05-3107245590ns10:Originalns5:CurrentFinancialInstruments2022-05-3107245590ns5:ShareCapitalns10:Original2023-05-3107245590ns5:ShareCapitalns10:Original2022-05-3107245590ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3107245590ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3107245590ns10:Originalns5:PlantMachinery2022-06-012023-05-3107245590ns10:Original2021-06-012022-05-3107245590ns10:Originalns5:PlantMachinery2022-05-3107245590ns10:Originalns5:PlantMachinery2023-05-3107245590ns10:Originalns5:PlantMachinery2022-05-3107245590ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3107245590ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-3107245590ns10:Original1ns10:Director12022-05-3107245590ns10:Original1ns10:Director12021-05-3107245590ns10:Original1ns10:Director12022-06-012023-05-3107245590ns10:Original1ns10:Director12021-06-012022-05-3107245590ns10:Original1ns10:Director12023-05-3107245590ns10:Original1ns10:Director12022-05-31
REGISTERED NUMBER: 07245590 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Online Investment Solutions Ltd

Online Investment Solutions Ltd (Registered number: 07245590)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Online Investment Solutions Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTOR: R A Grant





REGISTERED OFFICE: M.01 Tomorrow, Blue
Mediacityuk
Salford
United Kingdom
M50 2AB





REGISTERED NUMBER: 07245590 (England and Wales)





ACCOUNTANTS: Summit Accountants Limited
M.01 Tomorrow
MediaCityUK
Salford
Greater Manchester
M50 2AB

Online Investment Solutions Ltd (Registered number: 07245590)

Statement of Financial Position
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,350 4,598

CURRENT ASSETS
Debtors 5 2,731 3,005
Prepayments and accrued income 68 947
Cash at bank 253,164 245,453
255,963 249,405
CREDITORS
Amounts falling due within one year 6 45,011 79,571
NET CURRENT ASSETS 210,952 169,834
TOTAL ASSETS LESS CURRENT
LIABILITIES

214,302

174,432

PROVISIONS FOR LIABILITIES 838 874
NET ASSETS 213,464 173,558

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 213,463 173,557
213,464 173,558

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

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

Online Investment Solutions Ltd (Registered number: 07245590)

Statement of Financial Position - continued
31 May 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 1 February 2024 and were signed by:





R A Grant - Director


Online Investment Solutions Ltd (Registered number: 07245590)

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

1. STATUTORY INFORMATION

Online Investment Solutions 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. 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. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover is recognised when, and to the extent that, the company obtains the right to consideration. The point of recognition is after the service has been performed, when the risk and rewards associated with the goods/services have been transferred or in accordance with contractual terms. Turnover excludes value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Online Investment Solutions Ltd (Registered number: 07245590)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 16,149
Additions 1,110
At 31 May 2023 17,259
DEPRECIATION
At 1 June 2022 11,551
Charge for year 2,358
At 31 May 2023 13,909
NET BOOK VALUE
At 31 May 2023 3,350
At 31 May 2022 4,598

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 2,731 3,005

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 1,970 1,650
Taxation and social security 29,631 65,215
Other creditors 13,410 12,706
45,011 79,571

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

31.5.23 31.5.22
£    £   
R A Grant
Balance outstanding at start of year (12,705 ) (11,442 )
Amounts advanced 180 -
Amounts repaid (884 ) (1,263 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (13,409 ) (12,705 )

Online Investment Solutions Ltd (Registered number: 07245590)

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

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

No formal repayment terms have been agreed.