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REGISTERED NUMBER: 04086342 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Onclaims Limited

Onclaims Limited (Registered number: 04086342)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


Onclaims Limited (Registered number: 04086342)

Balance Sheet
31 October 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 5 16,653 10,685
Cash at bank 6,136 43,041
22,789 53,726
CREDITORS
Amounts falling due within one year 6 2,495 3,518
NET CURRENT ASSETS 20,294 50,208
TOTAL ASSETS LESS CURRENT LIABILITIES 20,294 50,208

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 20,193 50,107
SHAREHOLDERS' FUNDS 20,294 50,208

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by:





R L Stow - Director


Onclaims Limited (Registered number: 04086342)

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

1. STATUTORY INFORMATION

Onclaims 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: 04086342

Registered office: Bridge Street Mills
Bridge Street
Macclesfield
Cheshire
SK11 6QA

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going Concern
The company had net assets of £20,294 (2023: £50,208) at the year end. The company generated losses of £29,294 and have continued generating losses post year end.The group are continuing to support the company, and therefore, the directors can continue to adopt a going concern basis of accounting in preparing these financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax. Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on cost
Website - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Onclaims Limited (Registered number: 04086342)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Office
equipment Website Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 1,029 4,850 5,879
DEPRECIATION
At 1 November 2023
and 31 October 2024 1,029 4,850 5,879
NET BOOK VALUE
At 31 October 2024 - - -
At 31 October 2023 - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 9,971 -
Other debtors 6,682 10,685
16,653 10,685

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,805 1,654
Taxation and social security - 16
Other creditors 690 1,848
2,495 3,518

7. SECURED DEBTS

National Westminster Bank plc have a fixed and floating charge over all the assets in the company.

8. ULTIMATE CONTROLLING PARTY

The intermediate parent company is TSG Complete Claim Services Limited and the ultimate parent company is TSGroup Limited.

Both companies are registered in England and Wales and the registered office is Bridge Street Mills, Bridge Street, Macclesfield, Cheshire, SK11 6QA.

Consolidated financial statements of TSGroup Limited are available from the registered office.

The controlling party is TSG Complete Claim Services Limited and the ultimate controlling parties are the directors/shareholders of TSGroup Limited.