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
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
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
One Second Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
34,383
45,845
Cash at bank and in hand
76,492
12,348
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)
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
One Second Ltd
Notes to the Accounts
for the year ended 31 March 2025
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.
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 as modified by the revaluation of certain fixed assets.
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
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
At 31 March 2025
1,189
32,035
1,159
34,383
At 31 March 2024
1,586
42,713
1,546
45,845
One Second Ltd
Notes to the Accounts
for the year ended 31 March 2025
5
Investments
Other investments
Valuation at 1 April 2024
-
Valuation at 31 March 2025
14,815
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)
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
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).