REGISTERED NUMBER: 12423041 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

ONYX Specialist Services Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTOR:

Mr A H Shorter

REGISTERED OFFICE:

Building 177 Skydock

Spridlington Road

Faldingworth

Lincolnshire

LN8 3SQ

REGISTERED NUMBER:

12423041 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of ONYX Specialist Services Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of ONYX Specialist Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of ONYX Specialist Services Limited and state those matters that we have agreed to state to the director of ONYX Specialist Services Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ONYX Specialist Services Limited and its director for our work or for this report.

It is your duty to ensure that ONYX Specialist Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of ONYX Specialist Services Limited. You consider that ONYX Specialist Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of ONYX Specialist Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Wright Vigar Limited

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

19 September 2025

FIXED ASSETS

Intangible assets

4

6,122

8,222

Tangible assets

5

10,613

3,412

16,735

11,634

CURRENT ASSETS

Debtors

6

28,169

41,260

Cash at bank

32,777

17,146

60,946

58,406

CREDITORS

Amounts falling due within one year

7

33,504

52,113

NET CURRENT ASSETS

27,442

6,293

TOTAL ASSETS LESS CURRENT LIABILITIES

44,177

17,927

PROVISIONS FOR LIABILITIES

4,184

2,210

NET ASSETS

39,993

15,717

CAPITAL AND RESERVES

Called up share capital

8

75

150

Capital redemption reserve

9

75

-

Retained earnings

9

39,843

15,567

SHAREHOLDERS' FUNDS

39,993

15,717

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 September 2025 and were signed by:

Mr A H Shorter - Director

1.	STATUTORY INFORMATION

ONYX Specialist Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Rebrand and website development is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 15% on reducing balance

Motor vehicles - 25% on reducing balance

Computer equipment - 33% on reducing balance

Financial instruments

Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

10,500

AMORTISATION

At 1 January 2024

2,278

Charge for year

2,100

At 31 December 2024

4,378

NET BOOK VALUE

At 31 December 2024

6,122

At 31 December 2023

8,222

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

819

-

3,000

3,081

6,900

Additions

-

9,163

-

1,878

11,041

At 31 December 2024

819

9,163

3,000

4,959

17,941

DEPRECIATION

At 1 January 2024

159

-

2,024

1,305

3,488

Charge for year

99

2,291

244

1,206

3,840

At 31 December 2024

258

2,291

2,268

2,511

7,328

NET BOOK VALUE

At 31 December 2024

561

6,872

732

2,448

10,613

At 31 December 2023

660

-

976

1,776

3,412

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

25,831

28,592

Other debtors

2,338

12,668

28,169

41,260

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

437

6,635

Taxation and social security

29,099

36,158

Other creditors

3,968

9,320

33,504

52,113

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

75

Ordinary

£1

75

150

9.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 January 2024

15,567

-

15,567

Profit for the year

49,276

49,276

Dividends

(3,000

)

(3,000

)

Purchase of own shares

(22,000

)

75

(21,925

)

At 31 December 2024

39,843

75

39,918

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Mr A H Shorter

Balance outstanding at start of year

9,914

-

Amounts advanced

4,604

10,538

Amounts repaid

(16,662

)

(624

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(2,144

)

9,914