2023-01-012023-12-312023-12-31false12337461ONETRACE LTD2024-09-25iso4217:GBPxbrli:pure123374612023-01-01123374612023-12-31123374612023-01-012023-12-31123374612022-01-01123374612022-12-31123374612022-01-012022-12-3112337461bus:SmallEntities2023-01-012023-12-3112337461bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3112337461bus:AbridgedAccounts2023-01-012023-12-3112337461bus:PrivateLimitedCompanyLtd2023-01-012023-12-3112337461core:WithinOneYear2023-12-3112337461core:AfterOneYear2023-12-3112337461core:WithinOneYear2022-12-3112337461core:AfterOneYear2022-12-3112337461core:ShareCapital2023-12-3112337461core:SharePremium2023-12-3112337461core:RevaluationReserve2023-12-3112337461core:OtherReservesSubtotal2023-12-3112337461core:RetainedEarningsAccumulatedLosses2023-12-3112337461core:ShareCapital2022-12-3112337461core:SharePremium2022-12-3112337461core:RevaluationReserve2022-12-3112337461core:OtherReservesSubtotal2022-12-3112337461core:RetainedEarningsAccumulatedLosses2022-12-3112337461core:LandBuildings2023-12-3112337461core:PlantMachinery2023-12-3112337461core:Vehicles2023-12-3112337461core:FurnitureFittings2023-12-3112337461core:OfficeEquipment2023-12-3112337461core:NetGoodwill2023-12-3112337461core:IntangibleAssetsOtherThanGoodwill2023-12-3112337461core:ListedExchangeTraded2023-12-3112337461core:UnlistedNon-exchangeTraded2023-12-3112337461core:LandBuildings2022-12-3112337461core:PlantMachinery2022-12-3112337461core:Vehicles2022-12-3112337461core:FurnitureFittings2022-12-3112337461core:OfficeEquipment2022-12-3112337461core:NetGoodwill2022-12-3112337461core:IntangibleAssetsOtherThanGoodwill2022-12-3112337461core:ListedExchangeTraded2022-12-3112337461core:UnlistedNon-exchangeTraded2022-12-3112337461core:LandBuildings2023-01-012023-12-3112337461core:PlantMachinery2023-01-012023-12-3112337461core:Vehicles2023-01-012023-12-3112337461core:FurnitureFittings2023-01-012023-12-3112337461core:OfficeEquipment2023-01-012023-12-3112337461core:NetGoodwill2023-01-012023-12-3112337461core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3112337461core:ListedExchangeTraded2023-01-012023-12-3112337461core:UnlistedNon-exchangeTraded2023-01-012023-12-3112337461core:MoreThanFiveYears2023-01-012023-12-3112337461core:Non-currentFinancialInstruments2023-12-3112337461core:Non-currentFinancialInstruments2022-12-3112337461dpl:CostSales2023-01-012023-12-3112337461dpl:DistributionCosts2023-01-012023-12-3112337461core:LandBuildings2023-01-012023-12-3112337461core:PlantMachinery2023-01-012023-12-3112337461core:Vehicles2023-01-012023-12-3112337461core:FurnitureFittings2023-01-012023-12-3112337461core:OfficeEquipment2023-01-012023-12-3112337461dpl:AdministrativeExpenses2023-01-012023-12-3112337461core:NetGoodwill2023-01-012023-12-3112337461core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3112337461dpl:GroupUndertakings2023-01-012023-12-3112337461dpl:ParticipatingInterests2023-01-012023-12-3112337461dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3112337461core:ListedExchangeTraded2023-01-012023-12-3112337461dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3112337461core:UnlistedNon-exchangeTraded2023-01-012023-12-3112337461dpl:CostSales2022-01-012022-12-3112337461dpl:DistributionCosts2022-01-012022-12-3112337461core:LandBuildings2022-01-012022-12-3112337461core:PlantMachinery2022-01-012022-12-3112337461core:Vehicles2022-01-012022-12-3112337461core:FurnitureFittings2022-01-012022-12-3112337461core:OfficeEquipment2022-01-012022-12-3112337461dpl:AdministrativeExpenses2022-01-012022-12-3112337461core:NetGoodwill2022-01-012022-12-3112337461core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3112337461dpl:GroupUndertakings2022-01-012022-12-3112337461dpl:ParticipatingInterests2022-01-012022-12-3112337461dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3112337461core:ListedExchangeTraded2022-01-012022-12-3112337461dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3112337461core:UnlistedNon-exchangeTraded2022-01-012022-12-3112337461core:NetGoodwill2023-12-3112337461core:IntangibleAssetsOtherThanGoodwill2023-12-3112337461core:LandBuildings2023-12-3112337461core:PlantMachinery2023-12-3112337461core:Vehicles2023-12-3112337461core:FurnitureFittings2023-12-3112337461core:OfficeEquipment2023-12-3112337461core:AfterOneYear2023-12-3112337461core:WithinOneYear2023-12-3112337461core:ListedExchangeTraded2023-12-3112337461core:UnlistedNon-exchangeTraded2023-12-3112337461core:ShareCapital2023-12-3112337461core:SharePremium2023-12-3112337461core:RevaluationReserve2023-12-3112337461core:OtherReservesSubtotal2023-12-3112337461core:RetainedEarningsAccumulatedLosses2023-12-3112337461core:NetGoodwill2022-12-3112337461core:IntangibleAssetsOtherThanGoodwill2022-12-3112337461core:LandBuildings2022-12-3112337461core:PlantMachinery2022-12-3112337461core:Vehicles2022-12-3112337461core:FurnitureFittings2022-12-3112337461core:OfficeEquipment2022-12-3112337461core:AfterOneYear2022-12-3112337461core:WithinOneYear2022-12-3112337461core:ListedExch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ONETRACE LTD

Registered Number
12337461
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

ONETRACE LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

BIRD, Lewis Nicholas
MCCLELLAND, Gregory

Registered Address

30 Churchill Place
London
E14 5RE

Registered Number

12337461 (England and Wales)
ONETRACE LTD
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets313,076-
Tangible assets416,1907,356
29,2667,356
Current assets
Debtors77,90488,132
Cash at bank and on hand183,407121,409
261,311209,541
Creditors amounts falling due within one year(126,653)(135,773)
Net current assets (liabilities)134,65873,768
Total assets less current liabilities163,92481,124
Creditors amounts falling due after one year(33,944)(40,691)
Net assets129,98040,433
Capital and reserves
Called up share capital100100
Profit and loss account129,88040,333
Shareholders' funds129,98040,433
The financial statements were approved and authorised for issue by the Board of Directors on 25 September 2024, and are signed on its behalf by:
BIRD, Lewis Nicholas
Director
MCCLELLAND, Gregory
Director

Registered Company No. 12337461
ONETRACE LTD
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Research and development
All research costs are expensed. Costs related to the development of products are capitalised when they meet the criteria stated in FRS 102, Section 18 Intangible assets other than Goodwill. All other development expenditure is recognised as an expense in the period in which it is incurred.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Fixtures and fittings-5
Office Equipment33-
2.Average number of employees

20232022
Average number of employees during the year155
3.Intangible assets

Total

£
Cost or valuation
Additions14,529
At 31 December 2314,529
Amortisation and impairment
Charge for year1,453
At 31 December 231,453
Net book value
At 31 December 2313,076
At 31 December 22-
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 January 2310,029
Additions12,682
At 31 December 2322,711
Depreciation and impairment
At 01 January 232,672
Charge for year3,849
At 31 December 236,521
Net book value
At 31 December 2316,190
At 31 December 227,356