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REGISTERED NUMBER: 04746025 (England and Wales)





ONESOON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






ONESOON LIMITED (REGISTERED NUMBER: 04746025)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ONESOON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Mr D Cloudsdale
Mr L S Thurman
Mr R Moore
Mr G R Jones



REGISTERED OFFICE: 1 Melton Way
Mansfield
Nottinghamshire
NG18 5FU



REGISTERED NUMBER: 04746025 (England and Wales)



ACCOUNTANTS: ApC
Chartered Accountants
7 St John Street
Mansfield
Nottinghamshire
NG18 1QH



BANKERS: Barclays
Leicester
LE87 2BB

ONESOON LIMITED (REGISTERED NUMBER: 04746025)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 5,556 7,417
5,556 7,417

CURRENT ASSETS
Debtors 7 771,688 567,487
Cash at bank and in hand 298,485 240,618
1,070,173 808,105
CREDITORS
Amounts falling due within one year 8 737,658 494,956
NET CURRENT ASSETS 332,515 313,149
TOTAL ASSETS LESS CURRENT
LIABILITIES

338,071

320,566

PROVISIONS FOR LIABILITIES 1,411 1,409
NET ASSETS 336,660 319,157

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 336,659 319,156
SHAREHOLDERS' FUNDS 336,660 319,157

ONESOON LIMITED (REGISTERED NUMBER: 04746025)

BALANCE SHEET - continued
31 OCTOBER 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 July 2025 and were signed on its behalf by:





Mr R Moore - Director


ONESOON LIMITED (REGISTERED NUMBER: 04746025)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Onesoon Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the value excluding Value Added Tax of services provided to customers during the year. In respect of services provided, all income is taken to profit and loss at the same point as the right to receive consideration has been acquired.

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.

The website is being amortised at a rate of 33.33% reducing balance.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on reducing balance


ONESOON LIMITED (REGISTERED NUMBER: 04746025)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

ONESOON LIMITED (REGISTERED NUMBER: 04746025)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


3. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 12 ) .

5. INTANGIBLE FIXED ASSETS
Website
£   
COST
At 1 November 2023 5,408
Disposals (5,408 )
At 31 October 2024 -
AMORTISATION
At 1 November 2023 5,408
Eliminated on disposal (5,408 )
At 31 October 2024 -
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

ONESOON LIMITED (REGISTERED NUMBER: 04746025)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


6. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 November 2023 26,842
Additions 1,049
Disposals (13,210 )
At 31 October 2024 14,681
DEPRECIATION
At 1 November 2023 19,425
Charge for year 2,822
Eliminated on disposal (13,122 )
At 31 October 2024 9,125
NET BOOK VALUE
At 31 October 2024 5,556
At 31 October 2023 7,417

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 668,305 506,370
Prepayments and accrued income 103,383 61,117
771,688 567,487

ONESOON LIMITED (REGISTERED NUMBER: 04746025)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 18,262 48,644
Amounts owed to group undertakings 113 99
Corporation tax 315,211 230,967
Social security and other taxes 16,851 13,277
VAT 155,013 121,178
Credit card - 32
Accruals and deferred income 232,208 80,759
737,658 494,956

9. RELATED PARTY DISCLOSURES

Key management remuneration during the year totalled £17,264 (2023: £17,264).

10. RESEARCH AND DEVELOPMENT

During the year the total amount spent on research and development costs was £278,994 (2023: £228,687).