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Registration number: 10257289

One Digital Outdoor Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

One Digital Outdoor Ltd

Contents

Balance Sheet

1 to 2

Notes to the Financial Statements

3 to 6

 

One Digital Outdoor Ltd

(Registration number: 10257289)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

202,239

226,392

Current assets

 

Debtors

5

71,967

81,057

Cash at bank and in hand

 

2,703

2,457

 

74,670

83,514

Creditors: Amounts falling due within one year

6

(173,622)

(110,701)

Net current liabilities

 

(98,952)

(27,187)

Total assets less current liabilities

 

103,287

199,205

Creditors: Amounts falling due after more than one year

6

(1,506,049)

(1,426,152)

Net liabilities

 

(1,402,762)

(1,226,947)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(1,402,862)

(1,227,047)

Shareholders' deficit

 

(1,402,762)

(1,226,947)

 

One Digital Outdoor Ltd

(Registration number: 10257289)
Balance Sheet as at 30 April 2024

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 January 2025 and signed on its behalf by:
 

.........................................
Mr D J McCormick
Director

 

One Digital Outdoor Ltd

Notes to the Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Pavilion Square
Cricketers Way
Westhoughton
Bolton
BL5 3AJ
United Kingdom

These financial statements were authorised for issue by the Board on 14 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

One Digital Outdoor Ltd

Notes to the Financial Statements for the Year Ended 30 April 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

25% Straight Line

Furniture, fittings and Equipment

20% Straight Line

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

 

One Digital Outdoor Ltd

Notes to the Financial Statements for the Year Ended 30 April 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 May 2023

38,818

274,810

7,795

321,423

Additions

9,846

4,975

-

14,821

At 30 April 2024

48,664

279,785

7,795

336,244

Depreciation

At 1 May 2023

11,135

82,659

1,239

95,033

Charge for the year

10,429

27,304

1,239

38,972

At 30 April 2024

21,564

109,963

2,478

134,005

Carrying amount

At 30 April 2024

27,100

169,822

5,317

202,239

At 30 April 2023

30,144

196,248

-

226,392

5

Debtors

Note

2024
£

2023
£

Trade debtors

 

7,351

720

Amounts owed by group undertakings and undertakings in which the company has a participating interest

28,937

23,818

Prepayments

 

24,038

53,421

Other debtors

 

11,641

3,098

 

71,967

81,057

 

One Digital Outdoor Ltd

Notes to the Financial Statements for the Year Ended 30 April 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

1,702

11,035

Trade creditors

 

11,289

39,236

Taxation and social security

 

126,034

50,406

Accruals and deferred income

 

24,000

-

Other creditors

 

10,597

10,024

 

173,622

110,701

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

1,506,049

1,426,152