IRIS Accounts Production v24.3.2.46 05450644 director 1.5.23 30.4.24 30.4.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh054506442023-04-30054506442024-04-30054506442023-05-012024-04-30054506442022-04-30054506442022-05-012023-04-30054506442023-04-3005450644ns15:EnglandWales2023-05-012024-04-3005450644ns14:PoundSterling2023-05-012024-04-3005450644ns10:Director12023-05-012024-04-3005450644ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3005450644ns10:SmallEntities2023-05-012024-04-3005450644ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3005450644ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3005450644ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3005450644ns10:FullAccounts2023-05-012024-04-300545064412023-05-012024-04-3005450644ns10:RegisteredOffice2023-05-012024-04-3005450644ns5:CurrentFinancialInstruments2024-04-3005450644ns5:CurrentFinancialInstruments2023-04-3005450644ns5:Non-currentFinancialInstruments2024-04-3005450644ns5:Non-currentFinancialInstruments2023-04-3005450644ns5:ShareCapital2024-04-3005450644ns5:ShareCapital2023-04-3005450644ns5:SharePremium2024-04-3005450644ns5:SharePremium2023-04-3005450644ns5:RetainedEarningsAccumulatedLosses2024-04-3005450644ns5:RetainedEarningsAccumulatedLosses2023-04-3005450644ns5:PatentsTrademarksLicencesConcessionsSimilar2023-05-012024-04-3005450644ns5:IntangibleAssetsOtherThanGoodwill2023-04-3005450644ns5:IntangibleAssetsOtherThanGoodwill2024-04-3005450644ns5:IntangibleAssetsOtherThanGoodwill2023-04-3005450644ns5:PlantMachinery2023-04-3005450644ns5:PlantMachinery2023-05-012024-04-3005450644ns5:PlantMachinery2024-04-3005450644ns5:PlantMachinery2023-04-3005450644ns5:CostValuation2023-04-3005450644ns5:AdditionsToInvestments2024-04-3005450644ns5:CostValuation2024-04-3005450644ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3005450644ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-30
REGISTERED NUMBER: 05450644 (England and Wales)


















The One Point Limited

Unaudited Financial Statements for the Year Ended 30th April 2024






The One Point Limited (Registered number: 05450644)






Contents of the Financial Statements
for the year ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The One Point Limited

Company Information
for the year ended 30th April 2024







DIRECTOR: M J Lauer





REGISTERED OFFICE: The View
Bridgehead Business Park
Hessle
East Yorkshire
HU13 0GD





REGISTERED NUMBER: 05450644 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

The One Point Limited (Registered number: 05450644)

Balance Sheet
30th April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 62,219 44,736
Investments 6 290,366 73,751
352,585 118,487

CURRENT ASSETS
Stocks 34,755 29,754
Debtors 7 2,479,238 1,915,234
Cash at bank 229,032 557,810
2,743,025 2,502,798
CREDITORS
Amounts falling due within one year 8 1,962,392 1,749,970
NET CURRENT ASSETS 780,633 752,828
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,133,218

871,315

CREDITORS
Amounts falling due after more than one
year

9

(14,167

)

(24,167

)

PROVISIONS FOR LIABILITIES (10,487 ) (4,621 )
NET ASSETS 1,108,564 842,527

CAPITAL AND RESERVES
Called up share capital 10 62,061 62,061
Share premium 69,901 69,901
Retained earnings 976,602 710,565
SHAREHOLDERS' FUNDS 1,108,564 842,527

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

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

The director acknowledges his 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 One Point Limited (Registered number: 05450644)

Balance Sheet - continued
30th April 2024


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 director and authorised for issue on 29th January 2025 and were signed by:





M J Lauer - Director


The One Point Limited (Registered number: 05450644)

Notes to the Financial Statements
for the year ended 30th April 2024

1. STATUTORY INFORMATION

The One Point 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods
Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from IT, telecoms and support is recognised by reference to the stage of completion at the balance sheet date. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Intangible assets
Intangible assets are initially measured at cost and are amortised in equal annual instalments over 5 years based on the directors estimate of its useful economic life and provisions are made for any impairment following annual reviews.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Costs includes those costs that are directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery etc - 10% and 50% on a straight line basis

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate


The One Point Limited (Registered number: 05450644)

Notes to the Financial Statements - continued
for the year ended 30th April 2024

2. ACCOUNTING POLICIES - continued
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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 44 (2023 - 43 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st May 2023
and 30th April 2024 93,500
AMORTISATION
At 1st May 2023
and 30th April 2024 93,500
NET BOOK VALUE
At 30th April 2024 -
At 30th April 2023 -

The One Point Limited (Registered number: 05450644)

Notes to the Financial Statements - continued
for the year ended 30th April 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st May 2023 130,412
Additions 37,177
At 30th April 2024 167,589
DEPRECIATION
At 1st May 2023 85,676
Charge for year 19,694
At 30th April 2024 105,370
NET BOOK VALUE
At 30th April 2024 62,219
At 30th April 2023 44,736

6. FIXED ASSET INVESTMENTS
Shares in Interest
group in joint
undertakings venture Totals
£    £    £   
COST
At 1st May 2023 70,561 3,190 73,751
Additions - 216,615 216,615
At 30th April 2024 70,561 219,805 290,366
NET BOOK VALUE
At 30th April 2024 70,561 219,805 290,366
At 30th April 2023 70,561 3,190 73,751

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,981,060 1,793,589
Amounts owed by group undertakings 424,606 45,279
Other debtors 73,572 76,366
2,479,238 1,915,234

The One Point Limited (Registered number: 05450644)

Notes to the Financial Statements - continued
for the year ended 30th April 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 1,187,407 1,445,522
Taxation and social security 467,030 174,058
Other creditors 297,955 120,390
1,962,392 1,749,970

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 14,167 24,167

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
Value £ £
60,198 Ordinary £1 60,198 60,198
621 A Ordinary £1 621 621
621 B Ordinary £1 621 621
621 C Ordinary £1 621 621
62,061 62,061

No voting rights are held by A Ordinary, B Ordinary or C Ordinary shareholders.

11. FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £143,511 (2023 £85,399). The company has given guarantees in respect of borrowings of group companies. At 30th April 2024 the potential liability of the company under the arrangements was £2,737,894.

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within other debtors is £nil (2023 - £14,733) due by the director to the company. Interest is charged on the loan at 2.5% and it is repayable on demand.

13. ULTIMATE CONTROLLING PARTY

The company's immediate parent company is The One Point (Holdings) Limited, a company registered in England and Wales.