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REGISTERED NUMBER: 10861483 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

One Click Cover Limited

One Click Cover Limited (Registered number: 10861483)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


One Click Cover Limited

Company Information
for the Year Ended 30 November 2024







DIRECTOR: Mr H D J Swinglehurst





REGISTERED OFFICE: C/O Goringe Accountants Ltd
Waterside, 1650 Arlington Business Park
Theale
Reading
Berkshire
RG7 4SA





REGISTERED NUMBER: 10861483 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chartered Accountants
TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN

One Click Cover Limited (Registered number: 10861483)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 293,232 98,057
Tangible assets 5 - -
293,232 98,057

CURRENT ASSETS
Debtors 6 675,488 874,862
Cash at bank 246,900 480,164
922,388 1,355,026
CREDITORS
Amounts falling due within one year 7 (1,716,259 ) (1,735,022 )
NET CURRENT LIABILITIES (793,871 ) (379,996 )
TOTAL ASSETS LESS CURRENT LIABILITIES (500,639 ) (281,939 )

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings (600,639 ) (381,939 )
(500,639 ) (281,939 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 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 4 March 2025 and were signed by:





Mr H D J Swinglehurst - Director


One Click Cover Limited (Registered number: 10861483)

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

1. STATUTORY INFORMATION

One Click Cover 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
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.

The accounts are prepared on a going concern basis as in the opinion of the directors the company has sufficient finance available to it to meet its obligations as they fall due for the foreseeable future, that is at least 12 months from the date of approval of the accounts.

Significant judgements and estimates
In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for the provision of services in the ordinary nature of business. Turnover is recognised ratably over the period it relates. Income not released to the profit and loss account is carried in the balance sheet as deferred income.

Intangible assets
Intangible assets are initially measured at cost. After reaching useful life, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs will be amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Tangible fixed assets are included at cost less depreciation and impairment.

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and loss.


One Click Cover Limited (Registered number: 10861483)

Notes to the Financial Statements - continued
for the Year Ended 30 November 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.

Research and development
Amortisation on capitalised development costs commences when the related software is brought into use. Until this point, the expenditure is recognised as an intangible asset and capitalised without amortisation. Amortisation is applied systematically over the estimated useful life of the software, reflecting the pattern in which the asset’s future economic benefits are expected to be consumed.

Other research and development is expensed in the year in which it is incurred.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2023 98,057
Additions 195,175
At 30 November 2024 293,232
NET BOOK VALUE
At 30 November 2024 293,232
At 30 November 2023 98,057

One Click Cover Limited (Registered number: 10861483)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023
and 30 November 2024 3,591
DEPRECIATION
At 1 December 2023
and 30 November 2024 3,591
NET BOOK VALUE
At 30 November 2024 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Other debtors 675,488 874,862

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade creditors 459,865 465,810
Amounts owed to group undertakings 578,765 509,056
Taxation and social security 4,351 56,944
Other creditors 673,278 703,212
1,716,259 1,735,022

8. RELATED PARTY DISCLOSURES

As at the period end the company owed £578,765 (2023: £509,056) to No Questions Asked Limited. One Click Cover Limited is a wholly owned subsidiary of No Questions Asked Limited.

9. ULTIMATE CONTROLLING PARTY

The controlling party is No Questions Asked Limited.