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Registered number: 11097940
Oneworld Instech Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Richard Riley & Associates Ltd
Unit 37d Monument Park
Chalgrove
Oxford
Oxfordshire
OX44 7RW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11097940
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 261 449
261 449
CURRENT ASSETS
Debtors 5 (1,839 ) 16,500
Cash at bank and in hand 10,114 22,134
8,275 38,634
Creditors: Amounts Falling Due Within One Year 6 (357,964 ) (387,413 )
NET CURRENT ASSETS (LIABILITIES) (349,689 ) (348,779 )
TOTAL ASSETS LESS CURRENT LIABILITIES (349,428 ) (348,330 )
NET LIABILITIES (349,428 ) (348,330 )
CAPITAL AND RESERVES
Called up share capital 7 74 74
Profit and Loss Account (349,502 ) (348,404 )
SHAREHOLDERS' FUNDS (349,428) (348,330)
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Julian James
Director
14th March 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Oneworld Instech Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11097940 . The registered office is Unit 37d Monument Business Park, Warpsgrove Lane, Chalgrove, OX44 7RW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 33.3% on a straight line basis
Computer Equipment 33% on a straight line basis
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 3)
2 3
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 3,492 1,350 4,842
Additions 524 - 524
As at 31 December 2024 4,016 1,350 5,366
Depreciation
As at 1 January 2024 3,492 901 4,393
Provided during the period 262 450 712
As at 31 December 2024 3,754 1,351 5,105
Net Book Value
As at 31 December 2024 262 (1 ) 261
As at 1 January 2024 - 449 449
5. Debtors
2024 2023
£ £
Due within one year
Rent Deposit (2,777 ) (2,777 )
VAT 938 19,179
Net wages - 98
(1,839 ) 16,500
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - (1 )
Other taxes and social security 9,963 38,722
Pension payable 1,478 (1,675 )
Accruals and deferred income - 3,844
Amounts owed to group undertakings 346,523 346,523
357,964 387,413
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 74 74
Page 4