Company Registration No. 12737727 (England and Wales)
One Training Solutions Limited
Unaudited accounts
for the year ended 31 July 2024
One Training Solutions Limited
Unaudited accounts
Contents
One Training Solutions Limited
Company Information
for the year ended 31 July 2024
Directors
Colin Edwards
Maureen Edwards
Company Number
12737727 (England and Wales)
Registered Office
83 Station Road
Clenchwarton
King's Lynn
PE34 4DQ
England
Accountants
M C Mallett Accountants Ltd
4 Hiltons Lane
Wiggenhall St Germans
King's Lynn
Norfolk
PE34 3EZ
One Training Solutions Limited
Statement of financial position
as at 31 July 2024
Tangible assets
2,064
2,941
Cash at bank and in hand
50,976
44,172
Creditors: amounts falling due within one year
(52,952)
(50,222)
Net current assets
3,538
3,562
Total assets less current liabilities
5,602
6,503
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
5,102
5,803
Shareholders' funds
5,202
5,903
For the year ending 31 July 2024 the company was entitled to exemption from audit 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2025 and were signed on its behalf by
Colin Edwards
Director
Company Registration No. 12737727
One Training Solutions Limited
Notes to the Accounts
for the year ended 31 July 2024
One Training Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 12737727. The registered office is 83 Station Road, Clenchwarton, King's Lynn, PE34 4DQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
3 years straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
One Training Solutions Limited
Notes to the Accounts
for the year ended 31 July 2024
4
Tangible fixed assets
Total
5
Average number of employees
During the year the average number of employees was 2 (2023: 2).