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Logo On Report
Registered Number: 13046163
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 30 November 2023

for

ONE T NOT TWO LTD

Director Mat Voyce
Registered Number 13046163
Registered Office FIELD MAPLE BARNS WESTON GREEN ROAD
WESTON LONGVILLE
NORWICH
NR9 5LA
Accountants HEATON VENCES CHARTERED ACCOUNTANTS
No.159, Field Maple Barns
Weston Green Road, Weston Longville
Norwich
NR9 5LA
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 30 November 2023
Principal activities
The companys principal activity during the year was the sale of 2D type animation.
Director
The director who served the company throughout the year was as follows:
Mat Voyce
Statement of director's responsibilities
The director is responsible for preparing the directors report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business

The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.


----------------------------------
Mat Voyce
Director

Date approved: 13 August 2024
2
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 9,324    3,864 
9,324    3,864 
Current assets      
Debtors 4 16,484    2,842 
Cash at bank and in hand 239,571    144,009 
256,055    146,851 
Creditors: amount falling due within one year 5 (52,010)   (45,588)
Net current assets 204,045    101,263 
 
Total assets less current liabilities 213,369    105,127 
Accruals and deferred income (4,387)  
Net assets 208,982    105,127 
 

Capital and reserves
     
Called up share capital 6 2    2 
Profit and loss account 208,980    105,125 
Shareholders' funds 208,982    105,127 
 


For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 13 August 2024 and were signed by:


-------------------------------
Mat Voyce
Director
3
General Information
One T Not Two Ltd is a private company, limited by shares, registered in England and Wales, registration number 13046163, registration address FIELD MAPLE BARNS WESTON GREEN ROAD, WESTON LONGVILLE, NORWICH, NR9 5LA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 33% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 1 (2022 : 1).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 December 2022 4,528    4,528 
Additions 8,736    8,736 
Disposals  
At 30 November 2023 13,264    13,264 
Depreciation
At 01 December 2022 664    664 
Charge for year 3,276    3,276 
On disposals  
At 30 November 2023 3,940    3,940 
Net book values
Closing balance as at 30 November 2023 9,324    9,324 
Opening balance as at 01 December 2022 3,864    3,864 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 16,484    2,842 
16,484    2,842 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Corporation Tax 28,846    23,108 
PAYE & Social Security 90   
Other Creditors 3    2 
Wages & Salaries Control Account   758 
Directors' Current Accounts 23,071    21,720 
52,010    45,588 

6.

Share Capital

Authorised
2 shares of £1.00 each
Allotted, called up and fully paid
2023
£
  2022
£
2 shares of £1.00 each  
 

4