Weareonepointfive Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12033784

Weareonepointfive Ltd

Filleted Unaudited Financial Statements

31 December 2024

Weareonepointfive Ltd

Financial Statements

Year ended 31 December 2024

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Weareonepointfive Ltd

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	91,923	83,942

Current assets

Debtors	6	1,558,099	466,874
Investments	7	–	265,078
Cash at bank and in hand		1,230,589	912,900
		------------	------------
		2,788,688	1,644,852

Creditors: amounts falling due within one year	8	1,182,768	707,329
		------------	------------
Net current assets		1,605,920	937,523
		------------	------------
Total assets less current liabilities		1,697,843	1,021,465

Creditors: amounts falling due after more than one year	9	60,388	36,005
		------------	------------
Net assets		1,637,455	985,460
		------------	------------

Capital and reserves

Called up share capital	100	100
Profit and loss account	1,637,355	985,360
	------------	---------
Shareholders funds	1,637,455	985,460
	------------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Directors' responsibilities:

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

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

Weareonepointfive Ltd

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 22 September 2025 , and are signed on behalf of the board by:

Mr J Barsch

Director

Company registration number: 12033784

Weareonepointfive Ltd

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, United Kingdom, CT1 3DN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor vehicles	-	25% straight line
Equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 12 (2023: 11 ).

5. Tangible assets

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 1 January 2024	75,440	55,397	130,837
Additions	40,935	13,837	54,772
Disposals	( 40,990)	–	( 40,990)
	--------	--------	---------
At 31 December 2024	75,385	69,234	144,619
	--------	--------	---------
Depreciation
At 1 January 2024	27,127	19,768	46,895
Charge for the year	10,318	12,562	22,880
Disposals	( 17,079)	–	( 17,079)
	--------	--------	---------
At 31 December 2024	20,366	32,330	52,696
	--------	--------	---------
Carrying amount
At 31 December 2024	55,019	36,904	91,923
	--------	--------	---------
At 31 December 2023	48,313	35,629	83,942
	--------	--------	---------

6. Debtors

	2024	2023
	£	£
Trade debtors	54,921	466,874
Amounts owed by group undertakings and undertakings in which the company has a participating interest	1,503,178	–
	------------	---------
	1,558,099	466,874
	------------	---------

7. Investments

	2024	2023
	£	£
Fidelity International	–	265,078
	----	---------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	8,574	8,575
Trade creditors	53,367	22,937
Corporation tax	288,271	110,949
Social security and other taxes	94,077	201,440
Other creditors	738,479	363,428
	------------	---------
	1,182,768	707,329
	------------	---------

9. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	60,388	36,005
	--------	--------

10. Directors' advances, credits and guarantees

At the period end, the company owed £201,406 (2023: £128,122) to the directors

11. Related party transactions

During the period the company paid dividends of £216,991 (2023: £262,000) to the directors and related parties.