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REGISTERED NUMBER: 05635493 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ONE CARE IT LIMITED

ONE CARE IT LIMITED (REGISTERED NUMBER: 05635493)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ONE CARE IT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: P S Randhawa
L S Randhawa





SECRETARY: L S Randhawa





REGISTERED OFFICE: 2 Jardine House
The Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX





REGISTERED NUMBER: 05635493 (England and Wales)





ACCOUNTANTS: Barber & Company
A trading name of PCM Accounting Limited
2 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

ONE CARE IT LIMITED (REGISTERED NUMBER: 05635493)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 47,510 42,214

CURRENT ASSETS
Inventories 5 3,005 6,756
Debtors 6 90,889 126,658
Cash at bank 18,422 8,694
112,316 142,108
CREDITORS
Amounts falling due within one year 7 100,409 125,568
NET CURRENT ASSETS 11,907 16,540
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,417

58,754

CREDITORS
Amounts falling due after more than one
year

8

(14,302

)

(23,518

)

PROVISIONS FOR LIABILITIES (5,568 ) (5,022 )
NET ASSETS 39,547 30,214

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 39,546 30,213
SHAREHOLDERS' FUNDS 39,547 30,214

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

ONE CARE IT LIMITED (REGISTERED NUMBER: 05635493)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by:





P S Randhawa - Director


ONE CARE IT LIMITED (REGISTERED NUMBER: 05635493)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

One Care IT 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 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.

The financial statements have been prepared in accordance with applicable accounting standards. The particular accounting policies adopted are described below.

Turnover
Revenue 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.
Plant and machinery - 33% on reducing balance
Motor vehicles - 25% on reducing balance
Computer and office equipment - 33% on reducing balance

Stocks
Inventories 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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

ONE CARE IT LIMITED (REGISTERED NUMBER: 05635493)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. PROPERTY, PLANT AND EQUIPMENT
Computer
and
Plant and Motor office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 29,629 51,080 73,161 153,870
Additions 4,926 16,990 2,392 24,308
At 31 December 2023 34,555 68,070 75,553 178,178
DEPRECIATION
At 1 January 2023 16,682 31,314 63,660 111,656
Charge for year 5,898 9,189 3,925 19,012
At 31 December 2023 22,580 40,503 67,585 130,668
NET BOOK VALUE
At 31 December 2023 11,975 27,567 7,968 47,510
At 31 December 2022 12,947 19,766 9,501 42,214

5. INVENTORIES
31.12.23 31.12.22
£    £   
Stocks 3,005 6,756

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 45,501 94,038
Prepayments and accrued income 45,388 32,620
90,889 126,658

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,648 10,648
Trade creditors 11,470 28,489
Corporation Tax 6,569 10,740
Social security and other taxes 2,245 9,897
Other creditors 29,490 -
Directors' current accounts 38,237 38,237
Accruals and deferred income 1,750 27,557
100,409 125,568

At the balance sheet date the company owed £25,000 (2022: £Nil) to LPR Properties Limited, a company registered in the United Kingdom.

Mr L S Randhawa is a director in both One Care IT Limited and LPR Properties Limited.

ONE CARE IT LIMITED (REGISTERED NUMBER: 05635493)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 10,648 10,648
Bank loans - 2-5 years 3,654 12,870
14,302 23,518

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1 Ordinary Shares £1 1 1

10. RELATED PARTY DISCLOSURES

During the period under review the Company was under the control of Mr P S Randhawa, its director and sole shareholder.