1 March 2024 false Taxfiler 2024.6 13190404 business:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 13190404 2024-02-29 13190404 2024-03-01 2025-02-28 13190404 business:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 13190404 business:FilletedAccounts 2024-03-01 2025-02-28 13190404 2025-02-28 13190404 business:Director1 2024-03-01 2025-02-28 13190404 business:Director2 2024-03-01 2025-02-28 13190404 business:RegisteredOffice 2024-03-01 2025-02-28 13190404 2024-02-29 13190404 core:WithinOneYear 2025-02-28 13190404 core:WithinOneYear 2024-02-29 13190404 core:AfterOneYear 2025-02-28 13190404 core:AfterOneYear 2024-02-29 13190404 core:ShareCapital core:PreviouslyStatedAmount 2025-02-28 13190404 core:ShareCapital core:PreviouslyStatedAmount 2024-02-29 13190404 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-02-28 13190404 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-02-29 13190404 core:PreviouslyStatedAmount 2025-02-28 13190404 core:PreviouslyStatedAmount 2024-02-29 13190404 business:SmallEntities 2024-03-01 2025-02-28 13190404 countries:EnglandWales 2024-03-01 2025-02-28 13190404 core:MotorVehicles 2024-03-01 2025-02-28 13190404 core:MotorVehicles 2024-02-29 13190404 core:MotorVehicles 2025-02-28 13190404 business:OrdinaryShareClass1 2024-03-01 2025-02-28 13190404 business:OrdinaryShareClass1 2023-03-01 2024-02-29 13190404 business:Director1 1 2024-03-01 2025-02-28 13190404 business:Director1 1 2024-02-29 13190404 business:Director1 1 2025-02-28 13190404 business:Director2 2 2024-03-01 2025-02-28 13190404 business:Director2 2 2024-02-29 13190404 business:Director2 2 2025-02-28 13190404 2023-03-01 2024-02-29 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 13190404 (England and Wales)
Oneport Building Ltd Unaudited accounts for the year ended 28 February 2025
Oneport Building Ltd Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
- 2 -
Oneport Building Ltd Company Information for the year ended 28 February 2025
Directors
Andrew Davies Patrick Wood
Company Number
13190404 (England and Wales)
Registered Office
74 Pilton Vale Newport NP20 6LQ
Accountants
Evans Entwistle Venta House Maes-glas Newport NP20 2NS
- 3 -
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Oneport Building Ltd for the year ended 28 February 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Oneport Building Ltd for the year ended 28 February 2025 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice Venta House Maes-glas Newport NP20 2NS 24 March 2025
- 4 -
Oneport Building Ltd Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
6,333
15,757
Current assets
Debtors
5
46,471
18,674
Cash at bank and in hand
2,670
6,713
49,141
25,387
Creditors: amounts falling due within one year
6
(54,180)
(34,754)
Net current liabilities
(5,039)
(9,367)
Total assets less current liabilities
1,294
6,390
Creditors: amounts falling due after more than one year
7
-
(2,456)
Provisions for liabilities
Deferred tax
(1,203)
(2,994)
Net assets
91
940
Capital and reserves
Called up share capital
8
2
2
Profit and loss account
89
938
Shareholders' funds
91
940
For the year ending 28 February 2025 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 24 March 2025 and were signed on its behalf by
Patrick Wood Director Company Registration No. 13190404
- 5 -
Oneport Building Ltd Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Oneport Building Ltd is a private company, limited by shares, registered in England and Wales, registration number 13190404. The registered office is 74 Pilton Vale, Newport, NP20 6LQ.
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
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
4 years straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
- 6 -
Oneport Building Ltd Notes to the Accounts for the year ended 28 February 2025
4
Tangible fixed assets
Motor vehicles
£
Cost or valuation
At cost
At 1 March 2024
39,394
At 28 February 2025
39,394
Depreciation
At 1 March 2024
23,637
Charge for the year
9,424
At 28 February 2025
33,061
Net book value
At 28 February 2025
6,333
At 29 February 2024
15,757
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
2,304
4,770
Other debtors
40,104
13,904
42,408
18,674
Amounts falling due after more than one year
Other debtors
4,063
-
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
3,796
5,866
Obligations under finance leases and hire purchase contracts
3,454
3,843
Taxes and social security
44,492
23,345
Other creditors
338
-
Accruals
2,100
1,700
54,180
34,754
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
-
2,456
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
- 7 -
Oneport Building Ltd Notes to the Accounts for the year ended 28 February 2025
9
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
general loan outstanding
13,520
18,604
-
32,124
general loan outstanding
-
7,980
-
7,980
13,520
26,584
-
40,104
The balance represents an interest free loan that is repayable to the company upon demand.
10
Average number of employees
During the year the average number of employees was 3 (2024: 3).
- 8 -