Company Registration No. 07641845 (England and Wales)
1 2 One Entertainment (UK) Ltd
Unaudited accounts
for the year ended 31 May 2024
1 2 One Entertainment (UK) Ltd
Unaudited accounts
Contents
1 2 One Entertainment (UK) Ltd
Company Information
for the year ended 31 May 2024
Company Number
07641845 (England and Wales)
Registered Office
203 West Street
Fareham
PO16 0EN
England
Accountants
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
1 2 One Entertainment (UK) Ltd
Accountants' report
Accountants' report to the director of 1 2 One Entertainment (UK) Ltd on the preparation of the unaudited statutory accounts for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
1 2 One Entertainment (UK) Ltd for the year ended
31 May 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of 1 2 One Entertainment (UK) Ltd , as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of 1 2 One Entertainment (UK) Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 1 2 One Entertainment (UK) Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that 1 2 One Entertainment (UK) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of 1 2 One Entertainment (UK) Ltd . You consider that 1 2 One Entertainment (UK) Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of 1 2 One Entertainment (UK) Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
19 December 2024
1 2 One Entertainment (UK) Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
4,890
2,594
Cash at bank and in hand
3,015
4,424
Creditors: amounts falling due within one year
(72,015)
(96,670)
Net current liabilities
(54,539)
(64,715)
Total assets less current liabilities
(49,649)
(62,121)
Provisions for liabilities
Other provisions
(921)
(921)
Net liabilities
(50,570)
(63,042)
Called up share capital
2
2
Profit and loss account
(50,572)
(63,044)
Shareholders' funds
(50,570)
(63,042)
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 December 2024 and were signed on its behalf by
P J Kennedy
Director
Company Registration No. 07641845
1 2 One Entertainment (UK) Ltd
Notes to the Accounts
for the year ended 31 May 2024
1 2 One Entertainment (UK) Ltd is a private company, limited by shares, registered in England and Wales, registration number 07641845. The registered office is 203 West Street, Fareham, PO16 0EN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2023
-
14,697
14,697
At 31 May 2024
312
17,804
18,116
At 1 June 2023
-
12,103
12,103
Charge for the year
66
1,057
1,123
At 31 May 2024
66
13,160
13,226
At 31 May 2024
246
4,644
4,890
At 31 May 2023
-
2,594
2,594
1 2 One Entertainment (UK) Ltd
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Trade debtors
3,045
16,532
Amounts due from group undertakings etc.
417
-
Other debtors
10,999
10,999
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,190
-
Trade creditors
1,970
35,654
Taxes and social security
29,927
29,927
Loans from directors
34,611
25,077
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan Account
(25,077)
(42,393)
(32,858)
(34,612)
(25,077)
(42,393)
(32,858)
(34,612)
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).