ONE2ONE Financial Advice Limited 07441798 false 2024-02-01 2025-01-31 2025-01-31 The principal activity of the company is independent financial advisors Digita Accounts Production Advanced 6.30.9574.0 true 07441798 2024-02-01 2025-01-31 07441798 2025-01-31 07441798 bus:Director1 1 2025-01-31 07441798 bus:Director1 2 2025-01-31 07441798 bus:Director1 3 2025-01-31 07441798 bus:Director2 1 2025-01-31 07441798 bus:Director2 2 2025-01-31 07441798 bus:Director2 3 2025-01-31 07441798 core:RetainedEarningsAccumulatedLosses 2025-01-31 07441798 core:ShareCapital 2025-01-31 07441798 core:CurrentFinancialInstruments 2025-01-31 07441798 core:CurrentFinancialInstruments core:WithinOneYear 2025-01-31 07441798 core:FurnitureFittings 2025-01-31 07441798 core:MotorVehicles 2025-01-31 07441798 core:OfficeEquipment 2025-01-31 07441798 bus:SmallEntities 2024-02-01 2025-01-31 07441798 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 07441798 bus:FullAccounts 2024-02-01 2025-01-31 07441798 bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 07441798 bus:RegisteredOffice 2024-02-01 2025-01-31 07441798 bus:Director1 2024-02-01 2025-01-31 07441798 bus:Director1 1 2024-02-01 2025-01-31 07441798 bus:Director1 2 2024-02-01 2025-01-31 07441798 bus:Director1 3 2024-02-01 2025-01-31 07441798 bus:Director2 2024-02-01 2025-01-31 07441798 bus:Director2 1 2024-02-01 2025-01-31 07441798 bus:Director2 2 2024-02-01 2025-01-31 07441798 bus:Director2 3 2024-02-01 2025-01-31 07441798 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 07441798 core:FurnitureFittings 2024-02-01 2025-01-31 07441798 core:FurnitureFittingsToolsEquipment 2024-02-01 2025-01-31 07441798 core:MotorVehicles 2024-02-01 2025-01-31 07441798 core:OfficeEquipment 2024-02-01 2025-01-31 07441798 core:Vehicles 2024-02-01 2025-01-31 07441798 countries:England 2024-02-01 2025-01-31 07441798 2024-01-31 07441798 bus:Director1 1 2024-01-31 07441798 bus:Director1 2 2024-01-31 07441798 bus:Director1 3 2024-01-31 07441798 bus:Director2 1 2024-01-31 07441798 bus:Director2 2 2024-01-31 07441798 bus:Director2 3 2024-01-31 07441798 core:FurnitureFittings 2024-01-31 07441798 core:MotorVehicles 2024-01-31 07441798 core:OfficeEquipment 2024-01-31 07441798 2023-02-01 2024-01-31 07441798 2024-01-31 07441798 bus:Director1 1 2024-01-31 07441798 bus:Director1 2 2024-01-31 07441798 bus:Director1 3 2024-01-31 07441798 bus:Director2 1 2024-01-31 07441798 bus:Director2 2 2024-01-31 07441798 bus:Director2 3 2024-01-31 07441798 core:RetainedEarningsAccumulatedLosses 2024-01-31 07441798 core:ShareCapital 2024-01-31 07441798 core:CurrentFinancialInstruments 2024-01-31 07441798 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 07441798 core:FurnitureFittings 2024-01-31 07441798 core:MotorVehicles 2024-01-31 07441798 core:OfficeEquipment 2024-01-31 07441798 bus:Director1 1 2023-02-01 2024-01-31 07441798 bus:Director1 2 2023-02-01 2024-01-31 07441798 bus:Director1 3 2023-02-01 2024-01-31 07441798 bus:Director2 1 2023-02-01 2024-01-31 07441798 bus:Director2 2 2023-02-01 2024-01-31 07441798 bus:Director2 3 2023-02-01 2024-01-31 07441798 bus:Director1 1 2023-01-31 07441798 bus:Director1 2 2023-01-31 07441798 bus:Director1 3 2023-01-31 07441798 bus:Director2 1 2023-01-31 07441798 bus:Director2 2 2023-01-31 07441798 bus:Director2 3 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 07441798

ONE2ONE Financial Advice Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2025

(filleted for filing purposes)

 

ONE2ONE Financial Advice Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 7

 

ONE2ONE Financial Advice Limited

Company Information

Directors

AJ Epps

GR Plommer

Registered office

The New Barn
Mill Lane
Eastry
Sandwich
Kent
CT13 0JW

 

ONE2ONE Financial Advice Limited

(Registration number: 07441798)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

46,559

7,260

Current assets

 

Debtors

5

4,365

125,586

Cash at bank and in hand

 

221,773

145,600

 

226,138

271,186

Creditors: Amounts falling due within one year

6

(82,065)

(71,515)

Net current assets

 

144,073

199,671

Total assets less current liabilities

 

190,632

206,931

Provisions for liabilities

(4,672)

-

Net assets

 

185,960

206,931

Capital and reserves

 

Called up share capital

202

202

Retained earnings

185,758

206,729

Shareholders' funds

 

185,960

206,931

 

ONE2ONE Financial Advice Limited

(Registration number: 07441798)
Balance Sheet as at 31 January 2025

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 February 2025 and signed on its behalf by:
 

.........................................
AJ Epps
Director

.........................................
GR Plommer
Director

 

ONE2ONE Financial Advice Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The New Barn
Mill Lane
Eastry
Sandwich
Kent
CT13 0JW
England

The principal place of business is:
76 Castle Street
Canterbury
Kent
CT1 2QD
England

These financial statements were authorised for issue by the Board on 17 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

ONE2ONE Financial Advice Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible 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

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

15% written down value

Fixtures and fittings

15% written down value

Motor vehicles

25% written down value

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

ONE2ONE Financial Advice Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2024 - 8).

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 February 2024

1,460

17,162

-

18,622

Additions

14,995

1,878

34,729

51,602

At 31 January 2025

16,455

19,040

34,729

70,224

Depreciation

At 1 February 2024

220

11,142

-

11,362

Charge for the year

2,436

1,185

8,682

12,303

At 31 January 2025

2,656

12,327

8,682

23,665

Carrying amount

At 31 January 2025

13,799

6,713

26,047

46,559

At 31 January 2024

1,240

6,020

-

7,260

5

Debtors

Current

2025
£

2024
£

Prepayments

3,865

2,793

Other debtors

500

122,793

 

4,365

125,586

 

ONE2ONE Financial Advice Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

6

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Trade creditors

 

48,464

25,295

Taxation and social security

 

-

11

Other creditors

 

33,601

46,209

 

82,065

71,515

7

Related party transactions

Transactions with directors

2025

At 1 February 2024
£

Advances to director
£

Repayments by director
£

At 31 January 2025
£

AJ Epps

Director's loan account

483

135

(483)

135

-

-

-

-

-

-

-

-

 

483

135

(483)

135

       

GR Plommer

Director's loan account

122,310

25,533

(147,478)

365

-

-

-

-

-

-

-

-

 

122,310

25,533

(147,478)

365

       

 

2024

At 1 February 2023
£

Advances to director
£

Repayments by director
£

At 31 January 2024
£

AJ Epps

Director's loan account

127

483

(127)

483

-

-

-

-

-

-

-

-

 

127

483

(127)

483

       

GR Plommer

Director's loan account

245

147,310

(25,245)

122,310

-

-

-

-

-

-

-

-

 

245

147,310

(25,245)

122,310