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REGISTERED NUMBER: 10546325 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

ONE PART LOVE LIMITED

ONE PART LOVE LIMITED (REGISTERED NUMBER: 10546325)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ONE PART LOVE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: J Baines





REGISTERED OFFICE: The Office, Arbor Grange
Babraham Road
Cambridge
Cambridgeshire
CB22 3AY





REGISTERED NUMBER: 10546325 (England and Wales)





ACCOUNTANTS: Prentis & Co LLP
Chartered Accountants
115c Milton Road
Cambridge
CB4 1XE

ONE PART LOVE LIMITED (REGISTERED NUMBER: 10546325)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,953 19,984

CURRENT ASSETS
Stocks 3,500 3,500
Debtors 5 1,502 12,701
Cash at bank 13,610 4,185
18,612 20,386
CREDITORS
Amounts falling due within one year 6 37,495 40,477
NET CURRENT LIABILITIES (18,883 ) (20,091 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,930

)

(107

)

PROVISIONS FOR LIABILITIES 3,221 3,797
NET LIABILITIES (5,151 ) (3,904 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (5,152 ) (3,905 )
SHAREHOLDERS' FUNDS (5,151 ) (3,904 )

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

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

The director acknowledges her 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 January 2025 and were signed by:



J Baines - Director


ONE PART LOVE LIMITED (REGISTERED NUMBER: 10546325)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

One Part Love 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis. This may not be appropriate because at 31st January 2024 the company's current liabilities exceeded its current assets by £18,883 and total liabilities of the company were £40,716. The company is reliant upon the continued support of its director, bank and creditors, but there is no evidence to suggest that this will not continue and that further funds will not be provided, as necessary, to enable the company to continue as a going concern.

The company knows or has reasonable cause to believe that there is no registrable person or registrable relevant legal entity in relation to the company.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Kitchen equipment - 20% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

ONE PART LOVE LIMITED (REGISTERED NUMBER: 10546325)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Office and Kitchen
equipment fittings equipment Totals
£    £    £    £   
COST
At 1 February 2023 546 21,604 12,863 35,013
Additions - 961 819 1,780
Disposals - (1,218 ) (1,338 ) (2,556 )
At 31 January 2024 546 21,347 12,344 34,237
DEPRECIATION
At 1 February 2023 256 7,230 7,543 15,029
Charge for year 58 2,122 1,045 3,225
Eliminated on disposal - (407 ) (563 ) (970 )
At 31 January 2024 314 8,945 8,025 17,284
NET BOOK VALUE
At 31 January 2024 232 12,402 4,319 16,953
At 31 January 2023 290 14,374 5,320 19,984

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT 1,502 12,701

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 25,720 29,044
Director's current account 11,190 10,878
Accruals 585 555
37,495 40,477

7. ULTIMATE CONTROLLING PARTY

The controlling party is J Baines by virtue of her 100% ownership of the issued ordinary share capital of the company.