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Registered Number: 04598042
England and Wales

 

 

 

ONE-4-POWER LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
Director Stuart David Beck
Registered Number 04598042
Registered Office C/O Melanie Curtis Accountants Ltd
100 Berkshire Place, Winnersh
Wokingham
Berkshire
RG41 5RD
Secretary Stuart David Beck
1
Director's report and financial statements
The director presents his annual report and the financial statements for the year ended 31 March 2024.
Principal activities
Principal activity of the company during the financial year was of manufacture and sale of electronic equipment and design. 
Director
The director who served the company throughout the year was as follows:
Stuart David Beck

On behalf of the board.


----------------------------------
Stuart David Beck
Director

Date approved: 27 September 2024
2
 
 
Notes
 
2024
£
  2023
£
Current assets      
Stocks 4 5,710    5,860 
Debtors 5 5,376    5,932 
Cash at bank and in hand 3,164    3,371 
14,250    15,163 
Creditors: amount falling due within one year 6 (18,971)   (19,770)
Net current assets (4,721)   (4,607)
 
Total assets less current liabilities (4,721)   (4,607)
Provisions for liabilities 7 118    96 
Net assets (4,603)   (4,511)
 

Capital and reserves
     
Called up share capital 2    2 
Profit and loss account (4,605)   (4,513)
Shareholders' funds (4,603)   (4,511)
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 27 September 2024 and were signed by:


-------------------------------
Stuart David Beck
Director
3
General Information
One-4-Power Limited is a private company, limited by shares, registered in England and Wales, registration number 04598042, registration address C/O Melanie Curtis Accountants Ltd , 100 Berkshire Place, Winnersh, Wokingham, Berkshire , RG41 5RD.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
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.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Fundamental uncertainties
The company meets its day to day working capital requirements partially through the support of its creditors and directors. The directors have considered the projected cash flow information for the company during the foreseeable post year-end period. On the basis of this cash flow information and discussions with the companys creditors, the directors consider that the company will continue to operate within the available finance facilities. However the margin of finance facilities over requirements is not large and, inherently there can be no certainty in relation to this matter. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the support of the company's creditors and directors.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.

Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 33% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 April 2023 917    917 
Additions  
Disposals  
At 31 March 2024 917    917 
Depreciation
At 01 April 2023 917    917 
Charge for year  
On disposals  
At 31 March 2024 917    917 
Net book values
Closing balance as at 31 March 2024  
Opening balance as at 01 April 2023  


4.

Stocks

2024
£
  2023
£
Stocks 5,710    5,860 
5,710    5,860 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors   179 
Amounts Recoverable on Contracts 3,078   
Taxation recoverable 1,357    4,500 
Directors' Current Accounts 941    1,253 
5,376    5,932 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 8,786    9,680 
Accrued Expenses 1,995    1,900 
Other loans 8,190    8,190 
18,971    19,770 

7.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax (118)   (96)
(118)   (96)

4