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COMPANY REGISTRATION NUMBER: 07167167
Oneday Agency Limited
Filleted Unaudited Financial Statements
For the year ended
29 February 2024
Oneday Agency Limited
Statement of Financial Position
29 February 2024
2024
2023
Note
£
£
Fixed assets
Investments
4
207,573
139,349
Current assets
Debtors
5
57,107
1
Cash at bank and in hand
22,828
35,375
--------
--------
79,935
35,376
Creditors: amounts falling due within one year
6
171,879
53,676
---------
--------
Net current liabilities
91,944
18,300
---------
---------
Total assets less current liabilities
115,629
121,049
Creditors: amounts falling due after more than one year
7
38,565
49,247
---------
---------
Net assets
77,064
71,802
---------
---------
Capital and reserves
Called up share capital
1
1
Profit and loss account
77,063
71,801
--------
--------
Shareholder funds
77,064
71,802
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Oneday Agency Limited
Statement of Financial Position (continued)
29 February 2024
These financial statements were approved by the board of directors and authorised for issue on 27 November 2024 , and are signed on behalf of the board by:
A A Nicolas
Director
Company registration number: 07167167
Oneday Agency Limited
Notes to the Financial Statements
Year ended 29 February 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Prince Of Wales House, 3 Bluecoats Avenue, Hertford.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Investments
Other investments other than loans
£
Cost
At 1 March 2023
139,349
Additions
109,942
Disposals
( 41,718)
---------
At 29 February 2024
207,573
---------
Impairment
At 1 March 2023 and 29 February 2024
---------
Carrying amount
At 29 February 2024
207,573
---------
At 28 February 2023
139,349
---------
5. Debtors
2024
2023
£
£
Other debtors
57,107
1
--------
----
6. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
7,231
Trade creditors
751
Corporation tax
15,025
13,791
Social security and other taxes
653
Other creditors
148,219
39,885
---------
--------
171,879
53,676
---------
--------
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
38,565
49,247
--------
--------
The bank loan is repayable by monthly instalments over 6 years, interest is charged at 2.5% per annum.
8. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
A A Nicolas
( 27,965)
( 77,232)
( 105,197)
--------
--------
---------
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
A A Nicolas
( 26,442)
( 1,523)
( 27,965)
--------
-------
--------