Onesys Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 02736089

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		-		12,700
Tangible Assets	5		105,222		123,000
Investments	6		-		425,176

			105,222		560,876
CURRENT ASSETS
Stocks	7	186,557		413,060
Debtors	8	1,047,645		618,885
Cash at bank and in hand		47,904		103,391

		1,282,106		1,135,336
Creditors: Amounts Falling Due Within One Year	9	(218,836 )		(354,598 )

NET CURRENT ASSETS (LIABILITIES)			1,063,270		780,738

TOTAL ASSETS LESS CURRENT LIABILITIES			1,168,492		1,341,614

Creditors: Amounts Falling Due After More Than One Year	10		(1,596,353 )		(382,984 )

PROVISIONS FOR LIABILITIES
Provisions For Charges			-		(892,997 )

NET (LIABILITIES)/ASSETS			(427,861 )		65,633

CAPITAL AND RESERVES
Called up share capital	11		116		116
Revaluation reserve	12		93,989		93,989
Profit and Loss Account			(521,966 )		(28,472 )

SHAREHOLDERS' FUNDS			(427,861)		65,633

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Onesys Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Richard Knowles

Director

05/09/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Onesys Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02736089 . The registered office is 3 Sceptre House, Hornbeam Square North, Hornbeam Park, Harrogate, North Yorkshire, HG2 8PB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

The Turnover shown in the profit and loss account represents amounts invoiced during the year exclusive of Value Added Tax.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Amortisation is calculated so as to write off the cost of an asset, less its estimated redidual value over the useful economic life of the asset as follows:

Goodwilll - subject to periodic revaluations.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% straight line
Motor Vehicles	25% reducing balance
Computer Equipment	25% staright line

2.5. Stocks and Work in Progress

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

3. Average Number of Employees

Average number of employees, including directors, during the year was: 21 (2023: 24)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2024	28,100
Revaluations	(28,100 )

As at 31 December 2024	-

...CONTINUED

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Onesys Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Amortisation
As at 1 January 2024	15,400
Disposals	(15,400 )

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	-

As at 1 January 2024	12,700

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 January 2024	243,145	84,999	328,144

As at 31 December 2024	243,145	84,999	328,144

Depreciation
As at 1 January 2024	120,145	84,999	205,144
Provided during the period	17,778	-	17,778

As at 31 December 2024	137,923	84,999	222,922

Net Book Value
As at 31 December 2024	105,222	-	105,222

As at 1 January 2024	123,000	-	123,000

6. Investments

	Listed
	£
Cost or Valuation
As at 1 January 2024	690,616
Revaluations	(425,176 )

As at 31 December 2024	265,440

Provision
As at 1 January 2024	265,440

As at 31 December 2024	265,440

Net Book Value
As at 31 December 2024	-

As at 1 January 2024	425,176

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Onesys Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Stocks

	2024	2023
	£	£
Stock	186,557	413,060

8. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	705,646	594,276
Prepayments and accrued income	14,431	-
Other debtors	327,568	24,609

	1,047,645	618,885

9. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	94,732	41,348
Corporation tax	9,572	78,341
Other taxes and social security	113,875	148,243
Other creditors	657	86,666

	218,836	354,598

10. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Other creditors	661,584	382,984
Unexpired service contracts	934,769	-

	1,596,353	382,984

11. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	116	116

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Onesys Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

12. Reserves

	Revaluation Reserve
	£
As at 1 January 2024	93,989

As at 31 December 2024	93,989

13. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is The Northern Path Limited .

14. Charge over Assets

A charge exists for a flexible working capital facility secured against the debtor book of the company, the total available under this facility was £250k, £200k was outstanding at the year end. Full Repayment will take place in July 25.

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