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REGISTERED NUMBER: 06894756 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ONE VILLAGE LIMITED

ONE VILLAGE LIMITED (REGISTERED NUMBER: 06894756)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ONE VILLAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr R Scott
Mrs R M Scott
Ms L M A Scott
Mr M R Scott





REGISTERED OFFICE: One Village
Church Lane
Charlbury
Oxfordshire
OX7 3SQ





REGISTERED NUMBER: 06894756 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Eden House
Two Rivers Business Park
Witney
Oxfordshire
OX28 4BL

ONE VILLAGE LIMITED (REGISTERED NUMBER: 06894756)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 713 951

CURRENT ASSETS
Stocks 170,413 127,736
Debtors 5 3,171 3,591
Cash at bank 169,270 171,443
342,854 302,770
CREDITORS
Amounts falling due within one year 6 37,184 34,688
NET CURRENT ASSETS 305,670 268,082
TOTAL ASSETS LESS CURRENT
LIABILITIES

306,383

269,033

PROVISIONS FOR LIABILITIES 7 135 181
NET ASSETS 306,248 268,852

CAPITAL AND RESERVES
Called up share capital 8 4 4
Retained earnings 306,244 268,848
SHAREHOLDERS' FUNDS 306,248 268,852

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 20 January 2025 and were signed on its behalf by:



Mr R Scott - Director


ONE VILLAGE LIMITED (REGISTERED NUMBER: 06894756)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

One Village 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 nature of the company's operations and principal activity is that of a retail store and wholesale. The company's principal place of business is Woodstock, Oxfordshire. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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 represents net invoiced sale of retail and wholesale craft goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

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 5 (2023 - 4 ) .

ONE VILLAGE LIMITED (REGISTERED NUMBER: 06894756)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 14,404 7,427 700 22,531
DEPRECIATION
At 1 April 2023 13,629 7,251 700 21,580
Charge for year 194 44 - 238
At 31 March 2024 13,823 7,295 700 21,818
NET BOOK VALUE
At 31 March 2024 581 132 - 713
At 31 March 2023 775 176 - 951

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 2,265 2,754
Prepayments 906 837
3,171 3,591

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 8,471 -
Social security and other taxes 1,552 854
VAT 6,524 11,601
Other creditors 699 569
Directors' current accounts 14,458 14,146
Accrued expenses 5,480 7,518
37,184 34,688

7. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 135 181

Deferred
tax
£   
Balance at 1 April 2023 181
Provided during year (46 )
Decrease in provision
Balance at 31 March 2024 135

ONE VILLAGE LIMITED (REGISTERED NUMBER: 06894756)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 A Ordinary £1 1 1
1 B Ordinary £1 1 1
1 C Ordinary £1 1 1
1 D Ordinary £1 1 1
4 4

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R Scott.