Registered number
16616367
Onlybargainss Ltd
Filleted Accounts
31 July 2026

Onlybargainss Ltd
Registered number: | 16616367
Balance Sheet
as at 31 July 2026
Notes |  |  | 2026 |
£ |
Fixed assets
Tangible assets | 3 |  |  | 2,025
Current assets
Stocks |  |  | 8,000
Cash at bank and in hand |  |  | 8,371
|  |  | 16,371 |  |
Creditors: amounts falling due within one year | 4 |  | (5,984)
Net current assets |  |  |  | 10,387 |
Net assets |  |  |  | 12,412 |
Capital and reserves
Called up share capital |  |  |  | 1
Profit and loss account |  |  |  | 12,411
Shareholders' funds |  |  |  | 12,412 |
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.
Wasim Khalid
Director
Approved by the board on 11 August 2026

Onlybargainss Ltd
Notes to the Accounts
for the period from 30 July 2025 to 31 July 2026
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:
| Fixtures, fittings, tools and equipment | 10% on reducing balance
| Stocks
| Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 | Employees | 2026 |
Number |
| Average number of persons employed by the company | 2
3 | Tangible fixed assets
|  |  |  |  |  |  |  | Plant and machinery etc
£
| Cost
| Additions | 2,250
| At 31 July 2026 | 2,250
| Depreciation
| Charge for the period | 225
| At 31 July 2026 | 225
| Net book value
| At 31 July 2026 | 2,025
4 | Creditors: amounts falling due within one year | 2026 |
£ |
| Taxation and social security costs | 2,436
| Director's account | 2,548
| Other creditors | 1,000
|  |  |  |  |  | 5,984 |
5 | Other information
| Onlybargainss Ltd is a private company limited by shares and incorporated in England. Its registered office is:
| 106 Rymond Road
| Birmingham
| West Midlands
| B34 6BS
6 | Comparatives
| There are no comparatives as this is first year of business
7 | Going concern
| The financial statements have been prepared on the basis that the company is a going concern and that the directors will continue to support the company

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