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Company Registration No. 11797400 (England and Wales)
Onlyus Enterprises UK Ltd Unaudited accounts for the year ended 31 January 2024
Onlyus Enterprises UK Ltd Unaudited accounts Contents
Page
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Onlyus Enterprises UK Ltd Company Information for the year ended 31 January 2024
Director
Qaiser Naveed
Company Number
11797400 (England and Wales)
Registered Office
28 ST. Nicholas Road Oxford OX4 4PP United Kingdom
Accountants
ABR Chartered Accountants 37th Floor Canada Square London E14 5AA
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Onlyus Enterprises UK Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,092 
1,508 
Current assets
Inventories
306,042 
231,524 
Debtors
93,098 
56,700 
Cash at bank and in hand
45,404 
3,059 
444,544 
291,283 
Creditors: amounts falling due within one year
(328,980)
(254,953)
Net current assets
115,564 
36,330 
Total assets less current liabilities
116,656 
37,838 
Creditors: amounts falling due after more than one year
(79,167)
(35,417)
Net assets
37,489 
2,421 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
37,389 
2,321 
Shareholders' funds
37,489 
2,421 
For the year ending 31 January 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 15 June 2024 and were signed on its behalf by
Qaiser Naveed Director Company Registration No. 11797400
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Onlyus Enterprises UK Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Onlyus Enterprises UK Ltd is a private company, limited by shares, registered in England and Wales, registration number 11797400. The registered office is 28 ST. Nicholas Road, Oxford, OX4 4PP, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Fixtures & fittings
25% reducing balance
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
1,850 
624 
2,474 
At 31 January 2024
1,850 
624 
2,474 
Depreciation
At 1 February 2023
810 
156 
966 
Charge for the year
260 
156 
416 
At 31 January 2024
1,070 
312 
1,382 
Net book value
At 31 January 2024
780 
312 
1,092 
At 31 January 2023
1,040 
468 
1,508 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
18,098 
31,700 
Accrued income and prepayments
75,000 
25,000 
93,098 
56,700 
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Onlyus Enterprises UK Ltd Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
11,869 
21,554 
VAT
(9,702)
3,914 
Obligations under finance leases and hire purchase contracts
10,394 
- 
Trade creditors
179,559 
91,882 
Taxes and social security
16,736 
10,287 
Other creditors
(11,199)
15,632 
Loans from directors
131,323 
111,684 
328,980 
254,953 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
79,167 
35,417 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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