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REGISTERED NUMBER: 08480713 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

One Six O Limited

One Six O Limited (Registered number: 08480713)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


One Six O Limited (Registered number: 08480713)

Statement of Financial Position
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 303,012 318,960
Tangible assets 5 23,980 29,796
Investments 6 33,000 33,000
359,992 381,756

CURRENT ASSETS
Debtors 7 285,331 244,646
Cash at bank 14,412 61,863
299,743 306,509
CREDITORS
Amounts falling due within one year 8 181,378 240,276
NET CURRENT ASSETS 118,365 66,233
TOTAL ASSETS LESS CURRENT
LIABILITIES

478,357

447,989

CREDITORS
Amounts falling due after more than one year 9 40,031 48,380
NET ASSETS 438,326 399,609

CAPITAL AND RESERVES
Called up share capital 104 104
Retained earnings 438,222 399,505
SHAREHOLDERS' FUNDS 438,326 399,609

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 28 April 2025 and were signed on its behalf by:





C D Lee - Director


One Six O Limited (Registered number: 08480713)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

One Six O Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08480713

Registered office: 9 Court Drive
Shenstone
Lichfield
Staffordshire
WS14 0JG

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 9 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 318,960
AMORTISATION
Charge for year 15,948
At 31 July 2024 15,948
NET BOOK VALUE
At 31 July 2024 303,012
At 31 July 2023 318,960

One Six O Limited (Registered number: 08480713)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 50,084
Additions 3,345
At 31 July 2024 53,429
DEPRECIATION
At 1 August 2023 20,288
Charge for year 9,161
At 31 July 2024 29,449
NET BOOK VALUE
At 31 July 2024 23,980
At 31 July 2023 29,796

6. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 23,000 10,000 33,000
NET BOOK VALUE
At 31 July 2024 23,000 10,000 33,000
At 31 July 2023 23,000 10,000 33,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 82,170 137,833
Amounts owed by associates 21,166 1,636
Other debtors 181,995 105,177
285,331 244,646

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 4,444 5,000
Hire purchase contracts 3,348 3,348
Trade creditors 11,484 27,113
Taxation and social security 97,249 79,878
Other creditors 64,853 124,937
181,378 240,276

One Six O Limited (Registered number: 08480713)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans 27,961 32,962
Hire purchase contracts 12,070 15,418
40,031 48,380