IRIS Accounts Production v24.1.4.33 13451803 Board of Directors 1.12.22 30.11.23 30.11.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh134518032022-11-30134518032023-11-30134518032022-12-012023-11-30134518032021-06-10134518032021-06-112022-11-30134518032022-11-3013451803ns15:EnglandWales2022-12-012023-11-3013451803ns14:PoundSterling2022-12-012023-11-3013451803ns10:Director12022-12-012023-11-3013451803ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3013451803ns10:SmallEntities2022-12-012023-11-3013451803ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3013451803ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3013451803ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3013451803ns10:FullAccounts2022-12-012023-11-301345180312022-12-012023-11-3013451803ns10:Director22022-12-012023-11-3013451803ns10:RegisteredOffice2022-12-012023-11-3013451803ns5:CurrentFinancialInstruments2023-11-3013451803ns5:CurrentFinancialInstruments2022-11-3013451803ns5:Non-currentFinancialInstruments2023-11-3013451803ns5:Non-currentFinancialInstruments2022-11-3013451803ns5:ShareCapital2023-11-3013451803ns5:ShareCapital2022-11-3013451803ns5:RetainedEarningsAccumulatedLosses2023-11-3013451803ns5:RetainedEarningsAccumulatedLosses2022-11-3013451803ns5:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3013451803ns5:IntangibleAssetsOtherThanGoodwill2022-11-3013451803ns5:IntangibleAssetsOtherThanGoodwill2023-11-3013451803ns5:IntangibleAssetsOtherThanGoodwill2022-11-3013451803ns5:LeaseholdImprovements2022-11-3013451803ns5:PlantMachinery2022-11-3013451803ns5:FurnitureFittings2022-11-3013451803ns5:ComputerEquipment2022-11-3013451803ns5:LeaseholdImprovements2022-12-012023-11-3013451803ns5:PlantMachinery2022-12-012023-11-3013451803ns5:FurnitureFittings2022-12-012023-11-3013451803ns5:ComputerEquipment2022-12-012023-11-3013451803ns5:LeaseholdImprovements2023-11-3013451803ns5:PlantMachinery2023-11-3013451803ns5:FurnitureFittings2023-11-3013451803ns5:ComputerEquipment2023-11-3013451803ns5:LeaseholdImprovements2022-11-3013451803ns5:PlantMachinery2022-11-3013451803ns5:FurnitureFittings2022-11-3013451803ns5:ComputerEquipment2022-11-3013451803ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3013451803ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-30
REGISTERED NUMBER: 13451803 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 November 2023

for

1OSD LTD

1OSD LTD (REGISTERED NUMBER: 13451803)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


1OSD LTD

Company Information
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Dr K Hanji
Miss F A N Mohamed





REGISTERED OFFICE: 1 Kings Avenue
London
N21 3NA





REGISTERED NUMBER: 13451803 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

1OSD LTD (REGISTERED NUMBER: 13451803)

Balance Sheet
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,869 8,909
Tangible assets 5 614,114 702,441
620,983 711,350

CURRENT ASSETS
Debtors 6 171,567 118,381
Cash at bank and in hand 214,033 55,225
385,600 173,606
CREDITORS
Amounts falling due within one year 7 352,676 495,262
NET CURRENT ASSETS/(LIABILITIES) 32,924 (321,656 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

653,907

389,694

CREDITORS
Amounts falling due after more than one
year

8

239,073

301,793
NET ASSETS 414,834 87,901

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 414,734 87,801
414,834 87,901

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





Miss F A N Mohamed - Director


1OSD LTD (REGISTERED NUMBER: 13451803)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

1OSD 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.

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


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.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. There are no significant judgements or estimates involved in the preparation of the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Note: Intangible assets is being written off in equal annual instalments over its estimated economic life of 5 years

Property, plant and equipment
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 20% on reducing balance
Fixtures and fittings 20% on reducing balance
Computer equipment 20% on reducing balance
Leasehold Improvement 10% on cost

Financial instruments
Basic financial assets and liabilities, which include debtors, creditors, cash and bank balances, are initially
measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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 balance sheet date.


1OSD LTD (REGISTERED NUMBER: 13451803)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2022
and 30 November 2023 10,200
AMORTISATION
At 1 December 2022 1,291
Charge for year 2,040
At 30 November 2023 3,331
NET BOOK VALUE
At 30 November 2023 6,869
At 30 November 2022 8,909

5. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and Computer
improvements machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 428,543 296,447 3,082 34,429 762,501
Additions 16,108 - - 1,088 17,196
At 30 November 2023 444,651 296,447 3,082 35,517 779,697
DEPRECIATION
At 1 December 2022 30,883 24,446 374 4,357 60,060
Charge for year 44,350 54,400 541 6,232 105,523
At 30 November 2023 75,233 78,846 915 10,589 165,583
NET BOOK VALUE
At 30 November 2023 369,418 217,601 2,167 24,928 614,114
At 30 November 2022 397,660 272,001 2,708 30,072 702,441

1OSD LTD (REGISTERED NUMBER: 13451803)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 171,567 118,381

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 62,720 62,720
Trade creditors 26,314 26,122
Amounts owed to connected companies 58,240 -
Taxation and social security 47,481 4,014
Other creditors 157,921 402,406
352,676 495,262

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 239,073 301,793

9. RELATED PARTY DISCLOSURES

Included in creditors, amounts falling due within one year, is an amount of £58,240 (2022: £Nil) owed to the connected companies. The loan is interest free and payable on demand.

Included in creditors, amounts falling due within one year, is an amount of £Nil (2022: £198,041) loan from the directors. The loan is interest free and payable on demand.