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Registration number: 13752519

One Less Thing (Holdings) Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

 

One Less Thing (Holdings) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

One Less Thing (Holdings) Limited

Company Information

Director

Mr Daniel Atherton

Registered office

Unit 17
Strawberry Meadows Business Park
Berry Way
Chorley
PR7 6FL

Accountants

GMR Accountants Ltd
1st Floor
8-12 London Street
Southport
Merseyside
PR9 0UE

 

One Less Thing (Holdings) Limited

(Registration number: 13752519)
Balance Sheet as at 30 November 2024

Note

2024
£

(As restated)

2023
£

Fixed assets

 

Intangible assets

4

22,693

10,305

Current assets

 

Debtors

5

68,230

47,188

Cash at bank and in hand

 

3,820

4,720

 

72,050

51,908

Creditors: Amounts falling due within one year

6

(103,420)

(66,921)

Net current liabilities

 

(31,370)

(15,013)

Net liabilities

 

(8,677)

(4,708)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(8,678)

(4,709)

Shareholders' deficit

 

(8,677)

(4,708)

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

Director's 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 director acknowledges his 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 August 2025
 

.........................................
Mr Daniel Atherton
Director

 

One Less Thing (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 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:
Unit 17
Strawberry Meadows Business Park
Berry Way
Chorley
PR7 6FL

These financial statements were authorised for issue by the director on 28 August 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

The financial statements have been prepared on a going concern basis.

Tax

The tax expense for the period comprises 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.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

One Less Thing (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

One Less Thing (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 December 2023

10,305

10,305

Additions acquired separately

12,388

12,388

At 30 November 2024

22,693

22,693

Amortisation

Carrying amount

At 30 November 2024

22,693

22,693

At 30 November 2023

10,305

10,305

5

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

67,967

46,218

Other debtors

 

263

970

   

68,230

47,188

 

One Less Thing (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

11,184

11,105

Trade creditors

 

1,288

1,096

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

90,000

54,000

Accruals and deferred income

 

948

720

 

103,420

66,921

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

11,184

11,105