Onwards Records Ltd

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—4

Registered number: 07626013

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		2,431		4,869
Tangible Assets	5		1,579		1,857

			4,010		6,726
CURRENT ASSETS
Cash at bank and in hand		104		3

		104		3
Creditors: Amounts Falling Due Within One Year	6	(28,518 )		(28,311 )

NET CURRENT ASSETS (LIABILITIES)			(28,414 )		(28,308 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(24,404 )		(21,582 )

Creditors: Amounts Falling Due After More Than One Year	7		(66,228 )		(63,660 )

NET LIABILITIES			(90,632 )		(85,242 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Income Statement			(90,732 )		(85,342 )

SHAREHOLDERS' FUNDS			(90,632)		(85,242)

Page 1

Page 2

Onwards Records Ltd

Statement of Financial Position (continued)

As At 31 March 2025

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 Income Statement.

On behalf of the board

Mr D Singh

Director

30/03/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Onwards Records Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07626013 . The registered office is 1 Beauchamp Court, 10 Victors Way, Barnet, Hertfordshire, EN5 5TZ.

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. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are .... It is amortised to the income statement over its estimated economic life of .... years.

2.3. 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:

Fixtures & Fittings

15% on reducing balance

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Intangible Assets

	Other
	£
Cost
As at 1 April 2024	24,373

As at 31 March 2025	24,373

Amortisation
As at 1 April 2024	19,504
Provided during the period	2,438

As at 31 March 2025	21,942

Net Book Value
As at 31 March 2025	2,431

As at 1 April 2024	4,869

Page 3

Page 4

Onwards Records Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 April 2024	8,507

As at 31 March 2025	8,507

Depreciation
As at 1 April 2024	6,650
Provided during the period	278

As at 31 March 2025	6,928

Net Book Value
As at 31 March 2025	1,579

As at 1 April 2024	1,857

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	28,518	28,311

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Amounts owed to group undertakings	66,228	63,660

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100