IRIS Accounts Production v25.1.4.42 13050809 director 1.11.23 31.10.24 31.10.24 false true false false true false Ordinary £1.00 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh130508092023-10-31130508092024-10-31130508092023-11-012024-10-31130508092022-10-31130508092022-11-012023-10-31130508092023-10-3113050809ns15:EnglandWales2023-11-012024-10-3113050809ns14:PoundSterling2023-11-012024-10-3113050809ns10:Director12023-11-012024-10-3113050809ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3113050809ns10:SmallEntities2023-11-012024-10-3113050809ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3113050809ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3113050809ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3113050809ns10:FullAccounts2023-11-012024-10-3113050809ns10:OrdinaryShareClass12023-11-012024-10-3113050809ns10:RegisteredOffice2023-11-012024-10-3113050809ns5:CurrentFinancialInstruments2024-10-3113050809ns5:CurrentFinancialInstruments2023-10-3113050809ns5:ShareCapital2024-10-3113050809ns5:ShareCapital2023-10-3113050809ns5:RetainedEarningsAccumulatedLosses2024-10-3113050809ns5:RetainedEarningsAccumulatedLosses2023-10-3113050809ns5:PlantMachinery2023-11-012024-10-3113050809ns5:PlantMachinery2023-10-3113050809ns5:ComputerEquipment2023-10-3113050809ns5:ComputerEquipment2023-11-012024-10-3113050809ns5:PlantMachinery2024-10-3113050809ns5:ComputerEquipment2024-10-3113050809ns5:PlantMachinery2023-10-3113050809ns5:ComputerEquipment2023-10-3113050809ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3113050809ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3113050809ns10:OrdinaryShareClass12024-10-3113050809ns5:RetainedEarningsAccumulatedLosses2023-10-3113050809ns5:RetainedEarningsAccumulatedLosses2023-11-012024-10-31
REGISTERED NUMBER: 13050809 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

No One Internet Ltd

No One Internet Ltd (Registered number: 13050809)






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


No One Internet Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: D M Elsom





REGISTERED OFFICE: 78, The Foundry
The Beacon
Eastbourne
East Sussex
BN21 3NW





REGISTERED NUMBER: 13050809 (England and Wales)





ACCOUNTANTS: Porters Associates Ltd
38 Central Avenue
Polegate
East Sussex
BN26 6HA

No One Internet Ltd (Registered number: 13050809)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 208,294 248,767

CURRENT ASSETS
Stocks 5 40,495 80,495
Debtors 6 95,703 79,362
Cash at bank 24,869 61,528
161,067 221,385
CREDITORS
Amounts falling due within one year 7 330,566 434,404
NET CURRENT LIABILITIES (169,499 ) (213,019 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,795

35,748

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 38,695 35,648
SHAREHOLDERS' FUNDS 38,795 35,748

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 director acknowledges his 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.

No One Internet Ltd (Registered number: 13050809)

Balance Sheet - continued
31 October 2024


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 director and authorised for issue on 18 July 2025 and were signed by:





D M Elsom - Director


No One Internet Ltd (Registered number: 13050809)

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

1. STATUTORY INFORMATION

No One Internet Ltd 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


No One Internet Ltd (Registered number: 13050809)

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

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 239,728 50,000 289,728
DEPRECIATION
At 1 November 2023 24,461 16,500 40,961
Charge for year 23,973 16,500 40,473
At 31 October 2024 48,434 33,000 81,434
NET BOOK VALUE
At 31 October 2024 191,294 17,000 208,294
At 31 October 2023 215,267 33,500 248,767

No One Internet Ltd (Registered number: 13050809)

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

5. STOCKS
31.10.24 31.10.23
£    £   
Stocks 15,495 30,495
Work-in-progress 25,000 50,000
40,495 80,495

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 95,503 71,168
Other debtors 200 4,700
VAT - 3,494
95,703 79,362

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 49,210 58,810
Trade creditors 134,113 145,001
Social security and other taxes 2,692 6,641
Pension control 1,845 -
VAT 47,223 -
Other creditors 4,730 -
Directors' current accounts 90,753 219,898
Accrued expenses - 4,054
330,566 434,404

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
100 Ordinary £1.00 £1 100 100

No One Internet Ltd (Registered number: 13050809)

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

9. RESERVES
Retained
earnings
£   

At 1 November 2023 35,648
Profit for the year 4,047
Dividends (1,000 )
At 31 October 2024 38,695

10. RELATED PARTY DISCLOSURES

At the year end, Mr D Elsom was owed £90,753 (2023: £219,898 ) by the company. There are no terms attached to this loan.