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Registered number: 04407525
One Technology Group Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Assets Limited
Chiltern Chambers
St Peters Avenue
Reading
Berkshire
RG47DH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04407525
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 49,725 56,006
Tangible Assets 5 18,665 24,887
68,390 80,893
CURRENT ASSETS
Stocks 6 82,578 68,759
Debtors 7 33,680 44,537
Cash at bank and in hand 8,784 68,581
125,042 181,877
Creditors: Amounts Falling Due Within One Year 8 (799,016 ) (776,642 )
NET CURRENT ASSETS (LIABILITIES) (673,974 ) (594,765 )
TOTAL ASSETS LESS CURRENT LIABILITIES (605,584 ) (513,872 )
Creditors: Amounts Falling Due After More Than One Year 9 (14,851 ) (24,946 )
NET LIABILITIES (620,435 ) (538,818 )
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account (620,436 ) (538,819 )
SHAREHOLDERS' FUNDS (620,435) (538,818)
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr John Steward
Director
08/12/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
One Technology Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04407525 . The registered office is Unit 6 Chelmsford Road Industrial Estate, Great Dunmow, Essex, CM6 1HD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Office and administration 4 4
4 4
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Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 62,810
As at 31 March 2025 62,810
Amortisation
As at 1 April 2024 6,804
Provided during the period 6,281
As at 31 March 2025 13,085
Net Book Value
As at 31 March 2025 49,725
As at 1 April 2024 56,006
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2024 33,823
As at 31 March 2025 33,823
Depreciation
As at 1 April 2024 8,936
Provided during the period 6,222
As at 31 March 2025 15,158
Net Book Value
As at 31 March 2025 18,665
As at 1 April 2024 24,887
6. Stocks
2025 2024
£ £
Finished goods 82,578 68,759
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,640 10,764
Prepayments and accrued income 442 2,175
Other debtors 10,101 10,101
Corporation tax recoverable assets 21,497 21,497
33,680 44,537
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Page 5
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 226 9,563
Other taxes and social security 4,651 3,881
VAT 1,372 3,400
Accruals and deferred income 1,960 1,500
Amounts owed to group undertakings 790,807 758,298
799,016 776,642
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 14,851 24,946
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
11. Related Party Transactions
The company is a wholly owned subsidiary of One Investment Group Limited.
The following relates to transaction with other group companies.
As at year end the company owed Braefield Engineering Limited £9,375 (2024: £14,271).
As at year end the company owed One Investment Group Limited £781,432 (2024: £744,027).
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