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Consideration
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Engagement
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Workforce/Employees
Our colleagues are the primary reason for the ongoing success of our business.
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The company’s long-term success is predicated on the commitment of our workforce.
To maintain our competitive advantage and meet the growing demands of the environment we operate, we need a workforce which adaptive and whose skill base constantly evolves.
We engage with our workforce to ensure we are fostering an environment that employees are happy to work-in and that best supports their well-being and have dedicated team to drive this.
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Customers
Customers are at the core of what we do, customer satisfaction creates brand loyalty.
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Staying focused on customer needs allows us to adapt our strategies to ensure, we keep up to date in constantly changing environment and industry.
Collaborating with our customers we monitor our service through regular reviews and management information.
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Suppliers
Our suppliers are fundamental to the quality of our products, ensuring that as a business we meet the high standards of conduct that we set ourselves
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Onestream Ltd regularly engage with our UK suppliers. Collaborating closely with them to ensure the best-in-class collaboration and desired outcome for both all is achieved.
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Regulators/Government
We are initiative-taking with our engagement with regulators and government bodies to ensure we abiding to guidelines an aim for best-in-class.
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We engage through regular communications with relevant company representatives. We adhere to the OFCOM code of practice which exists to represent our customer interests.
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Community/Environment
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Onestream Ltd have supported schemes to allow employees the time and resource to help in their local community, for example a charity bike ride.
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2024
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2023
|
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|
£
|
£
|
|
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Turnover
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21,969,231
|
16,894,955
|
|
Cost of Sales
|
17,773,102
|
14,120,587
|
|
Gross Profit
|
4,196,129
|
2,774,368
|
|
Operating Profit/(Loss)
|
76,094
|
(994,127)
|
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Director
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21 May 2025
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Director
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|
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for and on behalf of
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24 Picton House Hussar Court, Westside View
Waterlooville
PO7 7SQ
|
| 2024 | 2023 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
| TURNOVER |
|
|
||
| Cost of sales |
( |
( |
||
| GROSS PROFIT |
|
|
||
| Administrative expenses |
( |
( |
||
| Other operating income |
|
|
||
| OPERATING PROFIT/(LOSS) | 4 |
|
( |
|
| Interest payable and similar charges | 8 |
( |
( |
|
| PROFIT/(LOSS) FOR THE FINANCIAL YEAR |
|
( |
||
| 2024 | 2023 | |||
|---|---|---|---|---|
| £ | £ | |||
| PROFIT FOR THE FINANCIAL YEAR |
|
( |
||
| OTHER COMPREHENSIVE INCOME FOR THE YEAR | - | - | ||
| TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
|
( |
||
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Intangible Assets | 10 |
|
|
||
| Tangible Assets | 11 |
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|
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||||
| CURRENT ASSETS | |||||
| Stocks | 12 |
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| Debtors | 13 |
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| Cash at bank and in hand |
|
|
|||
|
|
|
||||
| Creditors: Amounts Falling Due Within One Year | 14 |
( |
( |
||
| NET CURRENT ASSETS (LIABILITIES) |
( |
( |
|||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
( |
|||
| Creditors: Amounts Falling Due After More Than One Year | 15 |
( |
( |
||
| NET LIABILITIES |
( |
( |
|||
| CAPITAL AND RESERVES | |||||
| Called up share capital | 17 |
|
|
||
| Profit and Loss Account |
( |
( |
|||
| SHAREHOLDERS' FUNDS | (6,126,292) | (6,194,946) | |||
|
Director
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|
|
| Share Capital | Profit and Loss Account | Total | |
|---|---|---|---|
| £ | £ | £ | |
| As at 1 January 2023 |
|
( |
(5,194,623) |
| Loss for the year and total comprehensive income | - |
( |
(1,000,323) |
| As at 31 December 2023 and 1 January 2024 |
|
( |
(6,194,946) |
| Profit for the year and total comprehensive income | - |
|
68,654 |
| As at 31 December 2024 |
|
( |
(6,126,292) |
| 2024 | 2023 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
| Cash flows from operating activities | ||||
| Net cash generated from operations | 1 |
|
|
|
| Interest paid |
( |
( |
||
| Reclassification of assets | - | 348 | ||
| Net cash generated from operating activities |
|
|
||
| Cash flows from investing activities | ||||
| Purchase of intangible assets |
|
( |
||
| Purchase of tangible assets |
( |
( |
||
| Net cash used in investing activities |
( |
( |
||
| Cash flows from financing activities | ||||
| Repayment of bank borrowings |
( |
( |
||
| Repayment of other loans | (458,333) | (499,999) | ||
| Amount withdrawn by directors | - | (239,127) | ||
| Net cash used in financing activities |
( |
( |
||
| Decrease in cash and cash equivalents |
( |
( |
||
| Cash and cash equivalents at beginning of year | 2 |
|
|
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| Cash and cash equivalents at end of year | 2 |
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|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Profit/(loss) for the financial year |
|
( |
|
| Adjustments for: | |||
| Interest expense |
|
|
|
| Amortisation of intangible assets |
|
|
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| Depreciation of tangible assets |
|
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| Movements in working capital: | |||
| Decrease in stocks |
|
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| Increase in trade and other debtors |
( |
( |
|
| Increase in trade and other creditors |
|
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| Net cash generated from operations |
|
|
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Cash at bank and in hand |
|
|
|
| As at 1 January 2024 | Cash flows | As at 31 December 2024 | |
|---|---|---|---|
| £ | £ | £ | |
| Cash at bank and in hand |
|
(17,215) |
|
| Debts falling due within one year |
( |
458,333 |
( |
| Debts falling due after more than one year | (14,167) | 10,000 | (4,167) |
| 1,440,452 | 451,118 | 1,891,570 | |
|
Office Equipment
|
33% on cost
|
|
Fixtures and Fittings
|
15% on cost
|
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Computer Equipment
|
33% on cost
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Other operating income |
|
|
|
| 157,115 | 207,121 | ||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Bad debts | 186,534 | 305,974 | |
| Depreciation of tangible fixed assets |
|
|
|
| Amortisation of intangible fixed assets |
|
|
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Audit Services | |||
| Audit of the company's financial statements |
|
|
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Wages and salaries |
|
|
|
| Social security costs |
|
|
|
| Other pension costs |
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|
|
|
|
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||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans and overdrafts |
|
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The tax (credit)/charge on the profit/(loss) for the year was as follows:
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|||||
| Tax Rate | 2024 | 2023 | |||
|---|---|---|---|---|---|
| 2024 | 2023 | £ | £ | ||
| Current tax | |||||
| UK Corporation Tax | 25.0% | 25.0% |
|
|
|
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The actual (credit)/charge for the year can be reconciled to the expected charge/(credit) for the year based on the profit/(loss) and the standard rate of corporation tax as follows:
|
|||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Profit before tax | 68,654 | (1,000,323) | |||
| Tax on profit at 25% (UK standard rate) |
|
( |
|||
| Goodwill/depreciation not allowed for tax |
|
|
|||
| Expenses not deductible for tax purposes |
|
|
|||
| Tax losses utilised |
( |
|
|||
| Capital allowances |
( |
( |
|||
| Tax losses unutilised carried forward |
|
|
|||
| Total tax charge for the period | - | - | |||
| Goodwill | Development Costs | Total | |
|---|---|---|---|
| £ | £ | £ | |
| Cost | |||
| As at 1 January 2024 |
|
|
|
| As at 31 December 2024 |
|
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|
| Amortisation | |||
| As at 1 January 2024 |
|
|
|
| Provided during the period |
|
|
|
| As at 31 December 2024 |
|
|
|
| Net Book Value | |||
| As at 31 December 2024 |
|
|
|
| As at 1 January 2024 |
|
|
|
| Office Equipment | Fixtures & Fittings | Computer Equipment | Total | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Cost | ||||
| As at 1 January 2024 |
|
|
|
|
| Additions |
|
|
|
|
| As at 31 December 2024 |
|
|
|
|
| Depreciation | ||||
| As at 1 January 2024 |
|
|
|
|
| Provided during the period |
|
|
|
|
| As at 31 December 2024 |
|
|
|
|
| Net Book Value | ||||
| As at 31 December 2024 |
|
|
|
|
| As at 1 January 2024 |
|
|
|
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Stock |
|
|
|
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
|
|
|
| Other debtors | 1,607,439 | 950,915 | |
|
|
|
||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
|
|
|
| Bank loans and overdrafts |
|
|
|
| Other loans | - |
|
|
| Other creditors | 2,942,125 | 1,649,420 | |
| Taxation and social security | 844,975 | 1,060,406 | |
| Accruals and deferred income |
|
|
|
|
|
|
||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans |
|
|
|
| Other creditors | 4,000,000 | 5,400,000 | |
|
|
|
||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Other loans | - | 458,333 | |
| Other Creditors | - | 458,333 |
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Amounts falling due within one year or on demand: | |||
| Bank loans |
|
|
|
| Other loans | - |
|
|
|
|
|
||
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Amounts falling due between one and five years: | |||
| Bank loans |
|
|
|