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Company Registration No. 12385415 (England and Wales)
ONFLO LIMITED Unaudited accounts for the year ended 31 January 2024
ONFLO LIMITED Unaudited accounts Contents
Page
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ONFLO LIMITED Company Information for the year ended 31 January 2024
Director
Anthony Meek
Company Number
12385415 (England and Wales)
Registered Office
4 KING STREET SPENNYMOOR DL16 6QG ENGLAND
Accountants
Fresh Business Solutions Limited 4 King Street Spennymoor Durham DL16 6QG
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ONFLO LIMITED Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
20,359 
23,311 
Current assets
Inventories
10,300 
3,000 
Debtors
2,746 
2,775 
Cash at bank and in hand
45,930 
32,603 
58,976 
38,378 
Creditors: amounts falling due within one year
(49,295)
(38,107)
Net current assets
9,681 
271 
Total assets less current liabilities
30,040 
23,582 
Creditors: amounts falling due after more than one year
(21,551)
(29,950)
Net assets/(liabilities)
8,489 
(6,368)
Capital and reserves
Profit and loss account
8,489 
(6,368)
Shareholders' funds
8,489 
(6,368)
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 August 2024 and were signed on its behalf by
Anthony Meek Director Company Registration No. 12385415
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ONFLO LIMITED Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
ONFLO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12385415. The registered office is 4 KING STREET, SPENNYMOOR, DL16 6QG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
15% RB
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
5,589 
28,889 
- 
34,478 
Additions
293 
- 
266 
559 
At 31 January 2024
5,882 
28,889 
266 
35,037 
Depreciation
At 1 February 2023
2,016 
9,151 
- 
11,167 
Charge for the year
513 
2,961 
37 
3,511 
At 31 January 2024
2,529 
12,112 
37 
14,678 
Net book value
At 31 January 2024
3,353 
16,777 
229 
20,359 
At 31 January 2023
3,573 
19,738 
- 
23,311 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,746 
2,775 
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ONFLO LIMITED Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
4,664 
75 
Trade creditors
29,330 
21,685 
Taxes and social security
6,177 
4,270 
Loans from directors
9,124 
12,077 
49,295 
38,107 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
12,152 
16,535 
Obligations under finance leases and hire purchase contracts
9,399 
13,415 
21,551 
29,950 
8
Average number of employees
During the year the average number of employees was 3 (2023: 2).
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