Onyx Leasing Ltd iXBRL

Company Registration Number: NI676117

Onyx Leasing Ltd

Unaudited Financial Statements

for the financial year ended 31 March 2026

Onyx Leasing Ltd

DIRECTOR AND OTHER INFORMATION


Director	Arfan Akbar


Company Registration Number	NI676117


Registered Office	Office 1513 92
	Castle Street
	Belfast
	Northern Ireland
	BT1 1HE


Business Address	Office 1513 92
	Castle Street
	Belfast
	Northern Ireland
	BT1 1HE


Accountants	Langers
	8-10 Gatley Road
	Cheadle
	Cheshire
	SK8 1PY

Onyx Leasing Ltd

Company Registration Number: NI676117

STATEMENT OF FINANCIAL POSITION

as at 31 March 2026

		2026	2025
	Notes	£	£

Current Assets

Debtors

54,808

Cash and cash equivalents

4,982

57,370

─────────

59,790

57,394

─────────

Creditors: amounts falling due within one year

(2,887)

(2,337)

─────────

Net Current Assets

56,903

55,057

─────────

Total Assets less Current Liabilities

56,903

55,057

═════════

Capital and Reserves

Called up share capital

Retained earnings

56,899

55,053

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Equity attributable to owners of the company

56,903

55,057

═════════

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Income Statement and Director's Report.

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Director and authorised for issue on 17 September 2026



________________________________
Arfan Akbar
Director

Onyx Leasing Ltd

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2026

General Information

Onyx Leasing Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI676117. The registered office of the company is Office 1513 92, Castle Street, Belfast, Northern Ireland, BT1 1HE. The principal activity in the period of review was retail sale of cars. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 March 2026 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

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.

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.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.

Ordinary share capital

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

Employees

The average monthly number of employees, including director, during the financial year was 1, (2025 - 1).

2026

2025

Number

Number

Director

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4.	Debtors	2026	2025
		£	£

	Amounts owed by connected parties (Note 8)	54,800	-
	Taxation (Note 6)	8	24
		─────────	─────────
		54,808	24
		═════════	═════════


5.	Creditors	2026	2025
	Amounts falling due within one year	£	£

	Trade creditors	-	227
	Taxation (Note 6)	486	53
	Director's current account	1,556	1,244
	Accruals	845	813
		─────────	─────────
		2,887	2,337
		═════════	═════════


6.	Taxation	2026	2025
		£	£

	Debtors:
	VAT	8	24
		═════════	═════════
	Creditors:
	Corporation tax	486	53
		═════════	═════════

Capital commitments

The company had no material capital commitments at the financial year-ended 31 March 2026.


8.	Related party transactions
		Balance	Movement	Balance	Maximum
		2026	in year	2025	in year
		£	£	£	£

	Auto Marques MCR Ltd	8,000	8,000	-	8,000
	Topaz AG Ltd	46,800	46,800	-	46,800
		─────────	─────────	─────────	═════════
		54,800	54,800	-
		═════════	═════════	═════════

Director's advances, credits and guarantees

At 31 March 2026 the company owed director Arfan Akbar £1,556 (2025: £1,244). No interest has been charged to the company in respect of these loans which are repayable on demand and classified in creditors due within one year.

10.

Events After the End of the Reporting Period

There have been no significant events affecting the company since the financial year-end.