ONEPLACE SOLUTIONS LIMITED

Company Registration Number:
13694268 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2024

Period of accounts

Start date: 1 November 2023

End date: 31 October 2024

ONEPLACE SOLUTIONS LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2024

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

ONEPLACE SOLUTIONS LIMITED

Profit And Loss Account

for the Period Ended 31 October 2024

2024 2023


£

£
Turnover: 5,213,148 4,503,035
Cost of sales: ( 4,419,828 ) ( 3,790,016 )
Gross profit(or loss): 793,320 713,019
Administrative expenses: ( 743,054 ) ( 526,506 )
Operating profit(or loss): 50,266 186,513
Profit(or loss) before tax: 50,266 186,513
Tax: ( 9,570 ) ( 41,446 )
Profit(or loss) for the financial year: 40,696 145,067

ONEPLACE SOLUTIONS LIMITED

Balance sheet

As at 31 October 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 583,815 868,907
Cash at bank and in hand: 29,900 47,907
Total current assets: 613,715 916,814
Prepayments and accrued income: 63,622 47,792
Creditors: amounts falling due within one year: 4 ( 560,760 ) ( 725,195 )
Net current assets (liabilities): 116,577 239,411
Total assets less current liabilities: 116,577 239,411
Accruals and deferred income: ( 51,146 ) ( 144,673 )
Total net assets (liabilities): 65,431 94,738
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 65,429 94,736
Total Shareholders' funds: 65,431 94,738

The notes form part of these financial statements

ONEPLACE SOLUTIONS LIMITED

Balance sheet statements

For the year ending 31 October 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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.

This report was approved by the board of directors on 11 April 2025
and signed on behalf of the board by:

Name: Claire Shaw
Status: Director

The notes form part of these financial statements

ONEPLACE SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. When cash inflows are deferred and represent a financing arrangement, the fair value of consideration is the present value of future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income. Revenue from contracts for the provision of professional services is recognise by reference to the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is is calculated by comparing costs incurred, mainly in relation contractual hourly staff rates and materials as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

ONEPLACE SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 17 6

ONEPLACE SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Debtors

2024 2023
£ £
Trade debtors 583,815 868,907
Total 583,815 868,907

Included in trade debtors are amounts totalling £583,815 that are subject to debt factoring

ONEPLACE SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 10,152 11,841
Taxation and social security 70,992 92,869
Other creditors 479,616 620,485
Total 560,760 725,195

£477,715 of Other creditors were secured by a fixed and floating charge over the assets of the company