Take One Business Communications Ltd

Registered number

03279314

Filleted Accounts

31 March 2025

Take One Business Communications Ltd
Registered number:		03279314
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		12,864			14,123

Current assets
Debtors	4	15,181			5,502
Cash at bank and in hand		12,896			37,283
		28,077			42,785

Creditors: amounts falling due within one year	5	(9,349)			(10,009)

Net current assets			18,728			32,776

Total assets less current liabilities			31,592			46,899

Creditors: amounts falling due after more than one year	6		(233,789)			(220,689)



Net liabilities			(202,197)			(173,790)

Capital and reserves
Called up share capital			2			2
Profit and loss account			(202,199)			(173,792)

Shareholders' funds			(202,197)			(173,790)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mrs K W Groves
Director
Approved by the board on 13 November 2025

Take One Business Communications Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold improvements	over the lease term
	Plant and machinery	over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			4		4


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 April 2024	22,936		88,131		111,067
	Additions	-		4,609		4,609
	Disposals	-		(9,911)		(9,911)
	At 31 March 2025	22,936		82,829		105,765

	Depreciation
	At 1 April 2024	22,691		74,253		96,944
	Charge for the year	-		5,452		5,452
	On disposals	-		(9,495)		(9,495)
	At 31 March 2025	22,691		70,210		92,901

	Net book value
	At 31 March 2025	245		12,619		12,864
	At 31 March 2024	245		13,878		14,123


4	Debtors			2025		2024
£					£

	Trade debtors			14,607		3,805
	Other debtors			574		1,697
				15,181		5,502


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Taxation and social security costs			4,470		2,382
	Other creditors			4,879		7,627
				9,349		10,009


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			4,216		8,116
	Other creditors			229,573		212,573
				233,789		220,689


7	Other information

	Take One Business Communications Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Media House
	12 Manor Courtyard
	High Wycombe
	Bucks
	HP13 5RE