Registered number
SC682929
One One Four Trading Ltd
Filleted Accounts
30 November 2024
One One Four Trading Ltd
Registered number: SC682929
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 18,707 22,796
Current assets
Stocks 21,651 21,651
Debtors 4 74,338 30,432
Cash at bank and in hand 7,248 24,511
103,237 76,594
Creditors: amounts falling due within one year 5 (15,808) (12,174)
Net current assets 87,429 64,420
Total assets less current liabilities 106,136 87,216
Creditors: amounts falling due after more than one year 6 (30,779) (33,057)
Provisions for liabilities (3,554) (3,923)
Net assets 71,803 50,236
Capital and reserves
Called up share capital 100 100
Profit and loss account 71,703 50,136
Shareholder's funds 71,803 50,236
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
F Blanchard
Director
Approved by the board on 10 August 2025
One One Four Trading Ltd
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to reduce the cost on a reducing balance method.
Leasehold land and buildings 15% Reducing Balance
Plant and machinery 20% Reducing Balance
Fixtures, fittings, tools and equipment 20% Reducing Balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax asset is recognised in respect of a tax loss that can be carried forwards to be recovered in future periods where available. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 December 2023 13,639 20,084 33,723
At 30 November 2024 13,639 20,084 33,723
Depreciation
At 1 December 2023 4,236 6,691 10,927
Charge for the year 1,410 2,679 4,089
At 30 November 2024 5,646 9,370 15,016
Net book value
At 30 November 2024 7,993 10,714 18,707
At 30 November 2023 9,403 13,393 22,796
4 Debtors 2024 2023
£ £
One One Four Bistro 56,330 30,432
Trade debtors 4,539 -
Other debtors 13,469 -
74,338 30,432
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 288 -
Taxation and social security costs 14,975 11,486
Other creditors 545 688
15,808 12,174
6 Creditors: amounts falling due after one year 2024 2023
£ £
YL I Ltd 3,327 393
Other creditors 27,452 32,664
30,779 33,057
7 Other information
One One Four Trading Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
114 High Street
Burntisland
Fife
KY3 9AR
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