IRIS Accounts Production v24.3.0.553 10208682 Board of Directors 1.7.23 31.8.24 31.8.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh102086822023-06-30102086822024-08-31102086822023-07-012024-08-31102086822022-06-30102086822022-07-012023-06-30102086822023-06-3010208682ns15:EnglandWales2023-07-012024-08-3110208682ns14:PoundSterling2023-07-012024-08-3110208682ns10:Director12023-07-012024-08-3110208682ns10:PrivateLimitedCompanyLtd2023-07-012024-08-3110208682ns10:SmallEntities2023-07-012024-08-3110208682ns10:AuditExempt-NoAccountantsReport2023-07-012024-08-3110208682ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-08-3110208682ns10:SmallCompaniesRegimeForAccounts2023-07-012024-08-3110208682ns10:FullAccounts2023-07-012024-08-3110208682ns10:Director22023-07-012024-08-3110208682ns10:Director32023-07-012024-08-3110208682ns10:RegisteredOffice2023-07-012024-08-3110208682ns5:CurrentFinancialInstruments2024-08-3110208682ns5:CurrentFinancialInstruments2023-06-3010208682ns5:ShareCapital2024-08-3110208682ns5:ShareCapital2023-06-3010208682ns5:RetainedEarningsAccumulatedLosses2024-08-3110208682ns5:RetainedEarningsAccumulatedLosses2023-06-3010208682ns5:ComputerEquipment2023-07-012024-08-3110208682ns5:ComputerEquipment2023-06-3010208682ns5:ComputerEquipment2024-08-3110208682ns5:ComputerEquipment2023-06-30
REGISTERED NUMBER: 10208682 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2023 TO 31 AUGUST 2024

FOR

ONLINEGAR LIMITED

ONLINEGAR LIMITED (REGISTERED NUMBER: 10208682)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2023 TO 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ONLINEGAR LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JULY 2023 TO 31 AUGUST 2024







DIRECTORS: C D Meek
L J Murray
P Turner





REGISTERED OFFICE: The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ





REGISTERED NUMBER: 10208682 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

ONLINEGAR LIMITED (REGISTERED NUMBER: 10208682)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Cash at bank 124,193 199,396

CREDITORS
Amounts falling due within one year 4 130,688 199,243
NET CURRENT (LIABILITIES)/ASSETS (6,495 ) 153
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,495

)

153

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings (6,498 ) 150
(6,495 ) 153

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2024 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.

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 Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:





C D Meek - Director


ONLINEGAR LIMITED (REGISTERED NUMBER: 10208682)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2023 TO 31 AUGUST 2024

1. 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 represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

3. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 July 2023 806
Disposals (806 )
At 31 August 2024 -
DEPRECIATION
At 1 July 2023 806
Eliminated on disposal (806 )
At 31 August 2024 -
NET BOOK VALUE
At 31 August 2024 -
At 30 June 2023 -

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax - 33,058
VAT - 15,601
Directors' current accounts 128,888 128,888
Accruals and deferred income - 20,296
Accrued expenses 1,800 1,400
130,688 199,243

ONLINEGAR LIMITED (REGISTERED NUMBER: 10208682)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2023 TO 31 AUGUST 2024

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the period, C D Meek maintained his loan to the company. As at 31st August 2024, the company owed him £33,858, (2023: £33,858). These balance represented the maximum amount outstanding during the period and the loan is interest free and repayable on demand.

During the period, L J Murray maintained his loan to the company. As at 31st August 2024, the company owed him £81,306 (2023: £81,306). These balance represented the maximum amount outstanding during the period and the loan is interest free and repayable on demand.

During the period, P Turner maintained his loan to the company. As at 31st August 2024, the company owed him £13,724 (2023: £13,724). These balance represented the maximum amount outstanding during the period and the loan is interest free and repayable on demand.

6. ULTIMATE CONTROLLING PARTY

As there is no majority shareholder the company is controlled by the Board.