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Company Registration No. 05023133 (England and Wales)
ONE WAY PCB LIMITED Unaudited accounts for the year ended 31 December 2024
ONE WAY PCB LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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ONE WAY PCB LIMITED Company Information for the year ended 31 December 2024
Directors
RICHARD LYONS JAKE FIELDER
Company Number
05023133 (England and Wales)
Registered Office
2 HALIFAX COURT 50 HURRICANE WAY NORWICH NORFOLK NR6 6JB ENGLAND
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ONE WAY PCB LIMITED Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
21,000 
26,000 
Tangible assets
5
283,371 
360,500 
304,371 
386,500 
Current assets
Inventories
28,020 
30,300 
Debtors
6
405,253 
472,987 
Cash at bank and in hand
405,955 
283,371 
839,228 
786,658 
Creditors: amounts falling due within one year
7
(418,250)
(396,533)
Net current assets
420,978 
390,125 
Total assets less current liabilities
725,349 
776,625 
Creditors: amounts falling due after more than one year
8
(73,500)
(122,500)
Provisions for liabilities
Deferred tax
(66,651)
(84,792)
Net assets
585,198 
569,333 
Capital and reserves
Called up share capital
99 
99 
Capital redemption reserve
1 
1 
Capital contribution reserve
22,400 
22,400 
Profit and loss account
562,698 
546,833 
Shareholders' funds
585,198 
569,333 
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2025 and were signed on its behalf by
RICHARD LYONS Director Company Registration No. 05023133
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ONE WAY PCB LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
ONE WAY PCB LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05023133. The registered office is 2 HALIFAX COURT, 50 HURRICANE WAY, NORWICH, NORFOLK, NR6 6JB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in, is being amortised evenly over its estimated useful life of 10 years.
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.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery
25% on reducing balance
Computer equipment
25% on reducing balance
Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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ONE WAY PCB LIMITED Notes to the Accounts for the year ended 31 December 2024
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 taxation
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.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2024
51,000 
At 31 December 2024
51,000 
Amortisation
At 1 January 2024
25,000 
Charge for the year
5,000 
At 31 December 2024
30,000 
Net book value
At 31 December 2024
21,000 
At 31 December 2023
26,000 
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ONE WAY PCB LIMITED Notes to the Accounts for the year ended 31 December 2024
5
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
531,383 
10,040 
541,423 
Additions
13,891 
3,438 
17,329 
At 31 December 2024
545,274 
13,478 
558,752 
Depreciation
At 1 January 2024
174,960 
5,963 
180,923 
Charge for the year
92,579 
1,879 
94,458 
At 31 December 2024
267,539 
7,842 
275,381 
Net book value
At 31 December 2024
277,735 
5,636 
283,371 
At 31 December 2023
356,423 
4,077 
360,500 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
401,056 
471,592 
Accrued income and prepayments
3,647 
845 
Other debtors
550 
550 
405,253 
472,987 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
56,701 
68,818 
Trade creditors
214,994 
266,883 
Taxes and social security
30,912 
27,964 
Other creditors
112,367 
32,096 
Loans from directors
1,949 
109 
Accruals
1,327 
663 
418,250 
396,533 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
73,500 
122,500 
9
Transactions with related parties
As at the Balance Sheet date the Company owed the Directors £1,949
10
Average number of employees
During the year the average number of employees was 16 (2023: 14).
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