The One Step Foundation (SW) 08774185 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is to provide support for qualifying causes in Somerset. Digita Accounts Production Advanced 6.30.9574.0 true true 08774185 2023-04-01 2024-03-31 08774185 2024-03-31 08774185 core:RetainedEarningsAccumulatedLosses 2024-03-31 08774185 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 08774185 bus:SmallEntities 2023-04-01 2024-03-31 08774185 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08774185 bus:FullAccounts 2023-04-01 2024-03-31 08774185 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08774185 bus:RegisteredOffice 2023-04-01 2024-03-31 08774185 bus:Director1 2023-04-01 2024-03-31 08774185 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08774185 core:OtherRelatedParties 2023-04-01 2024-03-31 08774185 countries:AllCountries 2023-04-01 2024-03-31 08774185 2022-04-01 2023-03-31 08774185 2023-03-31 08774185 core:RetainedEarningsAccumulatedLosses 2023-03-31 08774185 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure

The One Step Foundation (SW)

(A company limited by guarantee)

Annual Report and Unaudited Financial Statements
Year Ended 31 March 2024

Registration number: 08774185

 

The One Step Foundation (SW)

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

The One Step Foundation (SW)

Balance Sheet

31 March 2024

Note

2024
£

2023
£

Current assets

 

Cash at bank and in hand

 

938

457

Creditors: Amounts falling due within one year

4

(25,008)

(24,008)

Net liabilities

 

(24,070)

(23,551)

Capital and reserves

 

Profit and loss account

(24,070)

(23,551)

Shareholders' deficit

 

(24,070)

(23,551)

 

The One Step Foundation (SW)

Balance Sheet

31 March 2024

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 31 July 2024
 

.........................................
Mrs S O'Brien
Director

Company Registration Number: 08774185

 

The One Step Foundation (SW)

Notes to the Unaudited Financial Statements

Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Ground Floor
Blackbrook Gate 1
Blackbrook Business Park
Taunton
Somerset
TA1 2PX

These financial statements were authorised for issue by the director on 31 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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 Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Going concern

The director, having made all necessary enquiries and given due consideration to the current operational and financial conditions and future outlook, is satisfied that the company will continue to meet its liabilities as they fall due and that the going concern basis of preparation remains appropriate for the foreseeable future being no less that 12 months from the date of approval of these accounts.

Key sources of estimation uncertainty

The director is satisfied, having considered the current financial position and performance of the company in light of the ongoing uncertainty in the global economy that the going concern assessment (which is a critical accounting judgement) remains appropriate. In making this assessment, the director has taken account (from the date of approval of these financial statements) of possible changes in income levels, in order to determine when, and to what extent any further cost management measures may need to be implemented.

Revenue recognition

Turnover represents amounts chargeable in respect of the sale of services to customers.

 

The One Step Foundation (SW)

Notes to the Unaudited Financial Statements

Year Ended 31 March 2024

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.


 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Other creditors

24,420

23,420

Accruals and deferred income

588

588

25,008

24,008

 

The One Step Foundation (SW)

Notes to the Unaudited Financial Statements

Year Ended 31 March 2024

5

Related party transactions

Summary of transactions with other related parties

During the current year and previous period a loan account existed between the company and other companies in which the director is a director.

This loans are interest free and repayable when the company is in a suitable financial period.

At the year end and shown in other creditors is £24,420 (2022: £23,420).

 

6

Company status

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £10 towards the assets of the company in the event of liquidation.