REGISTERED NUMBER: 13673022 (England and Wales)

ONLYART LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 NOVEMBER 2024 TO 30 OCTOBER 2025

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J J Wild

REGISTERED OFFICE:

Rushtons Chartered Accountants

Avroe House

Avroe Crescent

Blackpool

Lancashire

FY4 2DP

REGISTERED NUMBER:

13673022 (England and Wales)

ACCOUNTANTS:

Rushtons

Chartered Accountants

Avroe House

Avroe Crescent

Blackpool Business Park

Blackpool

Lancashire

FY4 2DP

FIXED ASSETS

Tangible assets

4

61,896

36,851

CURRENT ASSETS

Debtors

15,800

10,698

Cash at bank

2,899

4,369

18,699

15,067

CREDITORS

Amounts falling due within one year

25,105

27,512

NET CURRENT LIABILITIES

(6,406

)

(12,445

)

TOTAL ASSETS LESS CURRENT LIABILITIES

55,490

24,406

CREDITORS

Amounts falling due after more than one year

(33,785

)

(15,000

)

PROVISIONS FOR LIABILITIES

(4,665

)

-

NET ASSETS

17,040

9,406

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

7,040

(594

)

SHAREHOLDERS' FUNDS

17,040

9,406

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 October 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 October 2025 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.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 30 October 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 October 2026 and were signed by:

J J Wild - Director

1.	STATUTORY INFORMATION

Onlyart 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.

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.

The financial statements are presented in Sterling (£). Monetary values in these financial statements are rounded to the nearest £.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

20% on reducing balance

Taxation

Taxation for the period 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 period 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2024

55,795

Additions

35,078

At 30 October 2025

90,873

DEPRECIATION

At 1 November 2024

18,944

Charge for period

10,033

At 30 October 2025

28,977

NET BOOK VALUE

At 30 October 2025

61,896

At 31 October 2024

36,851

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 November 2024

25,000

Additions

32,991

At 30 October 2025

57,991

DEPRECIATION

At 1 November 2024

3,743

Charge for period

6,475

At 30 October 2025

10,218

NET BOOK VALUE

At 30 October 2025

47,773

At 31 October 2024

21,257

5.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

10,998

4,500

Between one and five years

33,785

15,000

44,783

19,500

Non-cancellable

operating leases

2025

2024

£

£

Within one year

13,200

13,200

Between one and five years

41,800

52,800

In more than five years

-

2,200

55,000

68,200

The operating lease is in operation until December 2029, with a rent review in January 2027.

6.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

44,783

19,500

Hire purchase balances are secured against the asset that the contract relates to.