Company No: 02143296 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	35,849		46,460
Investments	4	400,000		400,000
		435,849		446,460
Current assets
Debtors	5	177,695		355,826
Cash at bank and in hand		12,247		3,407
		189,942		359,233
Creditors: amounts falling due within one year	6	( 131,528)		( 293,865)
Net current assets		58,414		65,368
Total assets less current liabilities		494,263		511,828
Creditors: amounts falling due after more than one year	7	( 37,809)		( 52,001)
Provision for liabilities		( 5,704)		( 8,149)
Net assets		450,750		451,678
Capital and reserves
Called-up share capital	8	10,102		10,102
Other reserves		400,000		400,000
Profit and loss account		40,648		41,576
Total shareholders' funds		450,750		451,678

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of One Stop Supplies Limited (registered number: 02143296) were approved and authorised for issue by the Board of Directors on 01 May 2026. They were signed on its behalf by:

K N James Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

One Stop Supplies Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 11 Lanchester Road, Highgate, London, N6 4SU, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors note that the business has net current assets of £58,414. The Company is supported through loans from an LLP of which this company is a member. The directors have received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the LLP will continue to support the Company. After making enquiries, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
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 financial statements. 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.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Vehicles	5 years straight line
Office equipment	3 - 5 years straight line

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Vehicles		Office equipment		Total
	£		£		£
Cost
At 01 January 2025	58,075		0		58,075
Additions	0		1,095		1,095
At 31 December 2025	58,075		1,095		59,170
Accumulated depreciation
At 01 January 2025	11,615		0		11,615
Charge for the financial year	11,615		91		11,706
At 31 December 2025	23,230		91		23,321
Net book value
At 31 December 2025	34,845		1,004		35,849
At 31 December 2024	46,460		0		46,460

4. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 January 2025	400,000		400,000
At 31 December 2025	400,000		400,000
Carrying value at 31 December 2025	400,000		400,000
Carrying value at 31 December 2024	400,000		400,000

Fixed asset investments represents the directors' valuation of the investment by the company in United Managed Office Services LLP. The historical cost of the fixed asset investments is nil (2024: nil).

5. Debtors

	2025		2024
	£		£
Trade debtors	533		70
Amounts owed by directors	26,769		248,251
Prepayments	2,087		0
VAT recoverable	192		84
Corporation tax	148,074		107,381
Other debtors	40		40
	177,695		355,826

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	4,853		4,960
Other loans	107,290		196,290
Accruals	3,340		1,299
Taxation and social security	( 1)		77,205
Obligations under finance leases and hire purchase contracts (secured)	9,881		9,162
Other creditors	6,165		4,949
	131,528		293,865

Hire purchase liabilities are secured over the asset to which they relate.

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	14,662		18,974
Obligations under finance leases and hire purchase contracts	23,147		33,027
	37,809		52,001

Hire purchase liabilities are secured over the asset to which they relate.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
88,897 Ordinary A shares of £ 0.10 each	8,890		8,890
6,062 Ordinary B shares of £ 0.10 each	606		606
6,061 Ordinary C shares of £ 0.10 each	606		606
	10,102		10,102

9. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

The company has a commitment to make Employer's pension contributions on behalf of the directors at the time of the liquidation or termination of their employments. It will make an Employer's pension contribution equal to the amounts arising under the original obligation.

10. Related party transactions

During the year the company loaned a further £7,081 (2024: £6,239) to the director, and £228,563 (2024: £47,351) was repaid. At the balance sheet date £26,769 (2024: £248,251 ) was owed to the company by the director and is included in current assets. Interest has been charged at HMRC's official rate of interest and is repayable on demand.