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REGISTERED NUMBER: 11136669 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Oneheat Limited

Oneheat Limited (Registered number: 11136669)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oneheat Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mr R J Birch





REGISTERED OFFICE: Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW





REGISTERED NUMBER: 11136669 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

Oneheat Limited (Registered number: 11136669)

Balance Sheet
31 January 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 6 53,057 30,175
Cash at bank and in hand 8,127 11,062
61,184 41,237
CREDITORS
Amounts falling due within one year 7 (43,200 ) (21,040 )
NET CURRENT ASSETS 17,984 20,197
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,984

20,197

CREDITORS
Amounts falling due after more than one
year

8

(7,657

)

(11,659

)
NET ASSETS 10,327 8,538

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10,227 8,438
SHAREHOLDERS' FUNDS 10,327 8,538

Oneheat Limited (Registered number: 11136669)

Balance Sheet - continued
31 January 2024


The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 August 2024 and were signed by:





Mr R J Birch - Director


Oneheat Limited (Registered number: 11136669)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Oneheat 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.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

2. 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 the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention.

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

Turnover
Turnover represents amounts earned on services provided during the year and derives from the provision of services falling within the company's ordinary activities. Turnover is recognised on the day that the service is delivered.

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 - 20% on cost straight line
Computer equipment - 25% on cost straight line

All fixed assets are initially recorded at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Oneheat Limited (Registered number: 11136669)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 2,500 750 3,250
DEPRECIATION
At 1 February 2023
and 31 January 2024 2,500 750 3,250
NET BOOK VALUE
At 31 January 2024 - - -
At 31 January 2023 - - -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,863 1,282
Other debtors 46,194 28,893
53,057 30,175

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,002 4,001
Trade creditors 12,354 6,125
Taxation and social security 10,086 7,344
Other creditors 16,758 3,570
43,200 21,040

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 7,657 11,659

Oneheat Limited (Registered number: 11136669)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
99 Ordinary A £1 99 99
1 Ordinary B £1 1 1
100 100

10. OTHER FINANCIAL COMMITMENTS

At the year end the company had operating lease commitments totalling £1,151 (2023: £4,604) due within the next 5 years.

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director received a loan from the company of £44,461 (2023: £28,743) with interest charged at a market rate. At the year end the amount repayable was £44,461 (2023: £28,743, Maximum in year: £44,461).