REGISTERED NUMBER: 12564346 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

ONE INSULATION LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J N Clarkson

REGISTERED OFFICE:

Unit 217 Royds Mill

Windsor Street

Sheffield

S4 7WB

REGISTERED NUMBER:

12564346 (England and Wales)

ACCOUNTANTS:

Hodgson & Oldfield

Aizlewood's Mill

Nursery Street

Sheffield

S3 8GG

FIXED ASSETS

Tangible assets

4

86,359

94,866

CURRENT ASSETS

Stocks

23,828

38,416

Debtors

5

243,619

100,177

Cash at bank and in hand

24,988

10,064

292,435

148,657

CREDITORS

Amounts falling due within one year

6

345,162

219,314

NET CURRENT LIABILITIES

(52,727

)

(70,657

)

TOTAL ASSETS LESS CURRENT LIABILITIES

33,632

24,209

CREDITORS

Amounts falling due after more than one year

7

(9,942

)

(14,085

)

PROVISIONS FOR LIABILITIES

(21,590

)

(23,888

)

NET ASSETS/(LIABILITIES)

2,100

(13,764

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

2,098

(13,766

)

SHAREHOLDERS' FUNDS

2,100

(13,764

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 11 January 2026 and were signed by:

J N Clarkson - Director

1.	STATUTORY INFORMATION

One Insulation Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

Monetary amounts in these financial statements are rounded to the nearest £.

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.

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

Fixtures and fittings

-

25% on cost

Motor vehicles

-

15% on cost

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 12 (2023 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 May 2023

28,113

6,437

74,166

5,263

113,979

Additions

6,656

-

-

1,006

7,662

At 30 April 2024

34,769

6,437

74,166

6,269

121,641

DEPRECIATION

At 1 May 2023

5,641

1,491

11,131

850

19,113

Charge for year

3,654

1,604

9,452

1,459

16,169

At 30 April 2024

9,295

3,095

20,583

2,309

35,282

NET BOOK VALUE

At 30 April 2024

25,474

3,342

53,583

3,960

86,359

At 30 April 2023

22,472

4,946

63,035

4,413

94,866

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.24

30.4.23

£

£

Trade debtors

167,567

30,400

Amounts owed by participating interests

38,026

20,092

Other debtors

38,026

49,685

243,619

100,177

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.24

30.4.23

£

£

Bank loans and overdrafts

118

-

Hire purchase contracts

4,971

4,971

Trade creditors

178,100

97,192

Taxation and social security

132,093

79,951

Other creditors

29,880

37,200

345,162

219,314

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.24

30.4.23

£

£

Hire purchase contracts

9,942

14,085

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Jake Clarkson and Daniel Sadler.