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REGISTERED NUMBER: 07230775 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

ONE RESEARCH LTD

ONE RESEARCH LTD (REGISTERED NUMBER: 07230775)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ONE RESEARCH LTD

Company Information
for the year ended 30 April 2024







DIRECTORS: A Crombie
N R Thomsitt





REGISTERED OFFICE: The Sussex Innovation Centre
Science Park
Falmer
Brighton
East Sussex
BN1 9SB





REGISTERED NUMBER: 07230775 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

ONE RESEARCH LTD (REGISTERED NUMBER: 07230775)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 8,184 12,395
8,184 12,395

CURRENT ASSETS
Debtors 6 41,218 40,285
Cash at bank and in hand 65,040 33,669
106,258 73,954
CREDITORS
Amounts falling due within one year 7 (114,733 ) (80,103 )
NET CURRENT LIABILITIES (8,475 ) (6,149 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(291

)

6,246

PROVISIONS FOR LIABILITIES 8 (2,046 ) (2,355 )
NET (LIABILITIES)/ASSETS (2,337 ) 3,891

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (2,437 ) 3,791
SHAREHOLDERS' FUNDS (2,337 ) 3,891

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

ONE RESEARCH LTD (REGISTERED NUMBER: 07230775)

Balance Sheet - continued
30 April 2024


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 30 October 2024 and were signed on its behalf by:




A Crombie - Director



N R Thomsitt - Director


ONE RESEARCH LTD (REGISTERED NUMBER: 07230775)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

One Research Ltd 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.

Turnover
Turnover represents the fair value of consideration received or receivable net of VAT and trade discounts.

Revenue from the sale of patient recruitment services is recognised at the point of sale.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website development is being amortised evenly over its estimated useful life of 3 years.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & fittings-25% on reducing balance
Computer equipment-25% on reducing balance

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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 balance sheet date.


ONE RESEARCH LTD (REGISTERED NUMBER: 07230775)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The directors have agreed to support the company as necessary in the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Impairment policy
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Website
development
£   
COST
At 1 May 2023
and 30 April 2024 12,201
AMORTISATION
At 1 May 2023
and 30 April 2024 12,201
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

ONE RESEARCH LTD (REGISTERED NUMBER: 07230775)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 15,689 18,075 33,764
DEPRECIATION
At 1 May 2023 9,336 12,033 21,369
Charge for year 1,826 2,385 4,211
At 30 April 2024 11,162 14,418 25,580
NET BOOK VALUE
At 30 April 2024 4,527 3,657 8,184
At 30 April 2023 6,353 6,042 12,395

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 38,400 16,611
Other debtors 2,818 23,674
41,218 40,285

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,811 1,830
Taxation and social security 15,502 714
Other creditors 95,420 77,559
114,733 80,103

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,046 2,355

Deferred
tax
£   
Balance at 1 May 2023 2,355
Provided during year (309 )
Accelerated capital allowances
Balance at 30 April 2024 2,046

ONE RESEARCH LTD (REGISTERED NUMBER: 07230775)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100