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REGISTERED NUMBER: 11733965 (England and Wales)















Unaudited Financial Statements

for the period

31st March 2021 to 29th March 2022

for

Onos (NW) Limited

Onos (NW) Limited (Registered number: 11733965)






Contents of the Financial Statements
for the period 31st March 2021 to 29th March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Onos (NW) Limited

Company Information
for the period 31st March 2021 to 29th March 2022







DIRECTOR: Mr R Ormisher





REGISTERED OFFICE: Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE





REGISTERED NUMBER: 11733965 (England and Wales)





ACCOUNTANTS: Robin Oatridge & Co Limited
Chartered Certified Accountants
Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE

Onos (NW) Limited (Registered number: 11733965)

Balance Sheet
29th March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 125,322 151,930

CURRENT ASSETS
Stocks 17,350 17,600
Debtors 5 5,829 3,694
Cash at bank and in hand 3,973 22,266
27,152 43,560
CREDITORS
Amounts falling due within one year 6 75,844 37,310
NET CURRENT (LIABILITIES)/ASSETS (48,692 ) 6,250
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,630

158,180

CREDITORS
Amounts falling due after more than one
year

7

235,000

254,103
NET LIABILITIES (158,370 ) (95,923 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (158,470 ) (96,023 )
(158,370 ) (95,923 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29th March 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 29th March 2022 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.

Onos (NW) Limited (Registered number: 11733965)

Balance Sheet - continued
29th March 2022


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 10th September 2024 and were signed by:





Mr R Ormisher - Director


Onos (NW) Limited (Registered number: 11733965)

Notes to the Financial Statements
for the period 31st March 2021 to 29th March 2022

1. STATUTORY INFORMATION

Onos (NW) 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.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Straight line over 3 years
Plant and machinery etc - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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.

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 period 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.

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.

Onos (NW) Limited (Registered number: 11733965)

Notes to the Financial Statements - continued
for the period 31st March 2021 to 29th March 2022

2. ACCOUNTING POLICIES - continued

Going concern
At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from the director that he will continue to give financial support to the company for the twelve months from the date of signing these financial accounts.

On this basis, the director considers it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in the preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and provide for any further liabilities which might arise.

The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2021 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 31st March 2021
and 29th March 2022 16,364 165,907 182,271
DEPRECIATION
At 31st March 2021 5,455 24,886 30,341
Charge for period 5,455 21,153 26,608
At 29th March 2022 10,910 46,039 56,949
NET BOOK VALUE
At 29th March 2022 5,454 119,868 125,322
At 30th March 2021 10,909 141,021 151,930

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 5,829 3,694

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 10,692 95
Taxation and social security 339 595
Other creditors 64,813 36,620
75,844 37,310

Onos (NW) Limited (Registered number: 11733965)

Notes to the Financial Statements - continued
for the period 31st March 2021 to 29th March 2022

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Other creditors 235,000 254,103

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2022 2021
£    £   
Within one year 20,000 18,000
Between one and five years 2,500 13,500
22,500 31,500

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr R Ormisher.