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REGISTERED NUMBER: 11313739 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

One Fifty Enterprises Ltd

One Fifty Enterprises Ltd (Registered number: 11313739)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


One Fifty Enterprises Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mark Nicholas Gould
Alison Mary Gould





REGISTERED OFFICE: 55 High Street
Saltford
Bristol
BS31 3EJ





REGISTERED NUMBER: 11313739 (England and Wales)





ACCOUNTANTS: Verinder Powell Associates Ltd
Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ

One Fifty Enterprises Ltd (Registered number: 11313739)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,667 14,451

CURRENT ASSETS
Stocks 8,699 8,364
Debtors 5 277,653 317,959
Cash at bank 74,878 139,432
361,230 465,755
CREDITORS
Amounts falling due within one year 6 67,439 120,851
NET CURRENT ASSETS 293,791 344,904
TOTAL ASSETS LESS CURRENT LIABILITIES 311,458 359,355

CREDITORS
Amounts falling due after more than one
year

7

(31,077

)

(34,272

)

PROVISIONS FOR LIABILITIES (5,123 ) (4,319 )
NET ASSETS 275,258 320,764

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 275,158 320,664
275,258 320,764

One Fifty Enterprises Ltd (Registered number: 11313739)

Balance Sheet - continued
30 April 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by:





Alison Mary Gould - Director


One Fifty Enterprises Ltd (Registered number: 11313739)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

One Fifty Enterprises Ltd 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
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.

There have been no material departures from the Financial Reporting Standard 102 1A.

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

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Tangible fixed assets
Tangible fixed assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery- 25% - 33% on cost
Motor vehicles- 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.


One Fifty Enterprises Ltd (Registered number: 11313739)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year 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 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.

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.

3. EMPLOYEES AND DIRECTORS

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

One Fifty Enterprises Ltd (Registered number: 11313739)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2023 22,264 13,599 35,863
Additions 1,248 10,000 11,248
At 30 April 2024 23,512 23,599 47,111
DEPRECIATION
At 1 May 2023 10,704 10,708 21,412
Charge for year 5,147 2,885 8,032
At 30 April 2024 15,851 13,593 29,444
NET BOOK VALUE
At 30 April 2024 7,661 10,006 17,667
At 30 April 2023 11,560 2,891 14,451

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 251,711 262,009
Other debtors 25,942 55,950
277,653 317,959

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 6,349 6,570
Hire purchase contracts 4,499 -
Trade creditors 44,911 92,408
Taxation and social security 8,030 19,134
Other creditors 3,650 2,739
67,439 120,851

One Fifty Enterprises Ltd (Registered number: 11313739)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 29,202 34,272
Hire purchase contracts 1,875 -
31,077 34,272

Included in bank loans in notes 6 and 7 is a combined balance of £35,551 (2023 - £40,842) which is guaranteed by the government and unsecured.

8. RELATED PARTY DISCLOSURES

Loans to related parties



Other related
parties


Total
2024 £ £
At start of period - -
Advanced 13,800 13,800
Repaid - -
At end of period 13,800 13,800


Other related
parties


Total
2023 £ £
At start of the period - -
Advanced - -
Repaid - -
At end of period - -

The loans to other related parties are interest free and repayable on demand.