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Registration number: 08645664

One Day Creative Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2024

 

One Day Creative Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 9

 

One Day Creative Limited

(Registration number: 08645664)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

5

11,853

18,862

Tangible assets

6

55,339

83,397

 

67,192

102,259

Current assets

 

Debtors

7

52,975

48,366

Cash at bank and in hand

 

87,685

126,555

 

140,660

174,921

Creditors: Amounts falling due within one year

8

(130,940)

(128,919)

Net current assets

 

9,720

46,002

Total assets less current liabilities

 

76,912

148,261

Creditors: Amounts falling due after more than one year

8

(65,014)

(130,734)

Provisions for liabilities

(10,515)

(15,845)

Net assets

 

1,383

1,682

Capital and reserves

 

Called up share capital

2

2

Retained earnings

1,381

1,680

Shareholders' funds

 

1,383

1,682

For the financial year ending 30 November 2024 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.

Approved and authorised by the Board on 18 March 2025 and signed on its behalf by:
 

 

One Day Creative Limited

(Registration number: 08645664)
Balance Sheet as at 30 November 2024

Mrs R J Zimmerman
Company secretary and director

Mrs G C Turner
Director

 
     
 

One Day Creative Limited

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

1

General information

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

The address of its registered office is:
Tadcaster Enterprise Park, Commer House,
Station Road
Tadcaster
LS24 9JF

These financial statements were authorised for issue by the Board on 18 March 2025.

2

Accounting policies

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.

Going concern

The financial statements have been prepared on a going concern basis.

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 value added tax, returns, rebates and discounts and after eliminating sales within the company.

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.

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.

 

One Day Creative Limited

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

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

33% straight line

Plant and machinery

33% straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Decelopment costs

20% straight line

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

 

One Day Creative Limited

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

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

29,931

29,655

Amortisation expense

10,454

9,884

 

One Day Creative Limited

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

5

Intangible assets

Internally generated software development costs
 £

Total
£

Cost or valuation

At 1 December 2023

50,242

50,242

Additions acquired separately

3,445

3,445

At 30 November 2024

53,687

53,687

Amortisation

At 1 December 2023

31,380

31,380

Amortisation charge

10,454

10,454

At 30 November 2024

41,834

41,834

Carrying amount

At 30 November 2024

11,853

11,853

At 30 November 2023

18,862

18,862

 

One Day Creative Limited

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

6

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2023

5,141

113,210

118,351

Additions

1,874

-

1,874

At 30 November 2024

7,015

113,210

120,225

Depreciation

At 1 December 2023

3,087

31,867

34,954

Charge for the year

1,629

28,303

29,932

At 30 November 2024

4,716

60,170

64,886

Carrying amount

At 30 November 2024

2,299

53,040

55,339

At 30 November 2023

2,054

81,343

83,397

 

One Day Creative Limited

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

7

debtors

Current

2024
£

2023
£

Trade debtors

39,420

46,234

Prepayments

880

1,474

Other debtors

12,675

658

 

52,975

48,366

 

One Day Creative Limited

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

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

16,480

37,713

Trade creditors

 

5,383

23,766

Taxation and social security

 

87,363

52,413

Accruals and deferred income

 

15,527

11,944

Other creditors

 

6,187

3,083

 

130,940

128,919

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

65,014

130,734

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

-

50,071

Other borrowings

65,014

80,663

65,014

130,734

Current loans and borrowings

2024
£

2023
£

Bank borrowings

-

25,000

Other borrowings

16,480

12,713

16,480

37,713