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Company Registration No. 9304953 (England and Wales)
One Second Ltd Unaudited accounts for the year ended 31 March 2025
One Second Ltd Unaudited accounts Contents
Page
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One Second Ltd Company Information for the year ended 31 March 2025
Directors
Claire Lomas David Lomas
Company Number
9304953 (England and Wales)
Registered Office
9 Derwent Close Leamington Spa Warwickshire CV32 6PA
Accountants
The Swan Partnership LLP 47 Royal Avenue Scarborough North Yorkshire YO11 2LS
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of One Second Ltd for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of One Second Ltd for the year ended 31 March 2025 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of One Second Ltd, as a body, in accordance with the terms of our engagement letter dated 7 January 2024. Our work has been undertaken solely to prepare for your approval the accounts of One Second Ltd and state those matters that we have agreed to state to the Board of Directors of One Second Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than One Second Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that One Second Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of One Second Ltd. You consider that One Second Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of One Second Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
The Swan Partnership LLP Chartered Certified Accountants 47 Royal Avenue Scarborough North Yorkshire YO11 2LS 28 April 2025
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One Second Ltd Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
34,383 
45,845 
Investments
14,815 
- 
49,198 
45,845 
Current assets
Debtors
11,400 
8,400 
Cash at bank and in hand
76,492 
12,348 
87,892 
20,748 
Creditors: amounts falling due within one year
(98,096)
(13,559)
Net current (liabilities)/assets
(10,204)
7,189 
Total assets less current liabilities
38,994 
53,034 
Creditors: amounts falling due after more than one year
- 
(5,778)
Net assets
38,994 
47,256 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
38,894 
47,156 
Shareholders' funds
38,994 
47,256 
For the year ending 31 March 2025 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.
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 28 April 2025 and were signed on its behalf by
David Lomas Director Company Registration No. 9304953
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One Second Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
One Second Ltd is a private company, limited by shares, registered in England and Wales, registration number 9304953. The registered office is 9 Derwent Close, Leamington Spa, Warwickshire, CV32 6PA.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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% written down value
Motor vehicles
25% written down value
Computer equipment
25% written down value
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2024
4,306 
56,950 
11,408 
72,664 
At 31 March 2025
4,306 
56,950 
11,408 
72,664 
Depreciation
At 1 April 2024
2,720 
14,237 
9,862 
26,819 
Charge for the year
397 
10,678 
387 
11,462 
At 31 March 2025
3,117 
24,915 
10,249 
38,281 
Net book value
At 31 March 2025
1,189 
32,035 
1,159 
34,383 
At 31 March 2024
1,586 
42,713 
1,546 
45,845 
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One Second Ltd Notes to the Accounts for the year ended 31 March 2025
5
Investments
Other investments 
£ 
Valuation at 1 April 2024
- 
Additions
14,815 
Valuation at 31 March 2025
14,815 
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
11,400 
8,400 
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
(86)
(88)
VAT
1,325 
1,226 
Obligations under finance leases and hire purchase contracts
2,889 
- 
Taxes and social security
22,177 
7,257 
Other creditors
1,637 
2,555 
Loans from directors
69,953 
2,408 
Accruals
201 
201 
98,096 
13,559 
8
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Obligations under finance leases and hire purchase contracts
- 
5,778 
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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