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REGISTERED NUMBER: 03144276 (England and Wales)















Unaudited Financial Statements

for the Period 31 March 2023 to 31 March 2024

for

Online50 Limited

Online50 Limited (Registered number: 03144276)






Contents of the Financial Statements
for the Period 31 March 2023 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Online50 Limited

Company Information
for the Period 31 March 2023 to 31 March 2024







DIRECTOR: R J Lambden





REGISTERED OFFICE: Docklands Business Centre
10-16 Tiller Road
London
E14 8PX





REGISTERED NUMBER: 03144276 (England and Wales)





ACCOUNTANTS: PW Beere Accounting Solutions Limited
35a Hazlemere Road
Penn
Buckinghamshire
HP10 8AD

Online50 Limited (Registered number: 03144276)

Balance Sheet
31 March 2024

31.3.24 30.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,315 19,376
Tangible assets 5 34,685 43,595
47,000 62,971

CURRENT ASSETS
Stocks 1,019 1,019
Debtors 6 155,699 107,620
Cash at bank 190,596 467,918
347,314 576,557
CREDITORS
Amounts falling due within one year 7 168,919 192,239
NET CURRENT ASSETS 178,395 384,318
TOTAL ASSETS LESS CURRENT
LIABILITIES

225,395

447,289

CAPITAL AND RESERVES
Called up share capital 8,800 8,800
Share premium 43,579 87,159
Capital redemption reserve 5,871 5,871
Premium Redemption Reserves 90,149 90,149
Non-Distributable reserve 8 270 270
Retained earnings 76,726 255,040
SHAREHOLDERS' FUNDS 225,395 447,289

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Online50 Limited (Registered number: 03144276)

Balance Sheet - continued
31 March 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 director and authorised for issue on 7 October 2024 and were signed by:





R J Lambden - Director


Online50 Limited (Registered number: 03144276)

Notes to the Financial Statements
for the Period 31 March 2023 to 31 March 2024

1. STATUTORY INFORMATION

Online50 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.

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.

Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised.

Rendering of Services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

* the amount of the revenue can be measured reliably;
* it is probable that the Company will receive the consideration due under the contract;
* the stage of completion of the contract at the end of the reporting period can be measured reliably; and
* the costs incurred and the costs to complete the contract can be measured reliably.

Intangible assets
Intangible assets are initially recognised at cost.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Intellectual property
IP will be written off equally over 4 years.

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 etc - 33% on cost and 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Online50 Limited (Registered number: 03144276)

Notes to the Financial Statements - continued
for the Period 31 March 2023 to 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

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 period 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Commitments under operating leases
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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. Once the contributions have been paid the Company has no further payment obligations.

3. EMPLOYEES AND DIRECTORS

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

Online50 Limited (Registered number: 03144276)

Notes to the Financial Statements - continued
for the Period 31 March 2023 to 31 March 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 31 March 2023
and 31 March 2024 29,969
AMORTISATION
At 31 March 2023 10,593
Charge for period 7,061
At 31 March 2024 17,654
NET BOOK VALUE
At 31 March 2024 12,315
At 30 March 2023 19,376

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 March 2023 905,185
Additions 23,597
At 31 March 2024 928,782
DEPRECIATION
At 31 March 2023 861,590
Charge for period 32,507
At 31 March 2024 894,097
NET BOOK VALUE
At 31 March 2024 34,685
At 30 March 2023 43,595

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.3.23
£    £   
Trade debtors 37,380 28,166
Other debtors 118,319 79,454
155,699 107,620

Online50 Limited (Registered number: 03144276)

Notes to the Financial Statements - continued
for the Period 31 March 2023 to 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.3.23
£    £   
Trade creditors 139,167 148,896
Taxation and social security 28,042 33,505
Other creditors 1,710 9,838
168,919 192,239

8. RESERVES
Non-Distributable
reserve
£   
At 31 March 2023
and 31 March 2024 270

Reserve for Deferred Tax - Non Distributable for unused Losses.

9. PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £37,508(2023 - £35,551)

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 March 2024 and the year ended 30 March 2023:

31.3.24 30.3.23
£    £   
R J Lambden
Balance outstanding at start of period (1,333 ) (7,546 )
Amounts advanced 37,290 6,213
Amounts repaid (6,311 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 29,646 (1,333 )

The Amounts advanced on 27th March 2024 was repaid in full on 30th May 2024.

11. RELATED PARTY DISCLOSURES

The controlling party is R J Lambden.

The ultimate controlling party is R2 Asset Management Ltd.