REGISTERED NUMBER: 02425145 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THE ONE-SHOT CORPORATION LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S A McGill

S R McGill

Ms C E Field

SECRETARY:

Mrs S A McGill

REGISTERED OFFICE:

Seven Stars House

1 Wheler Road

Coventry

CV3 4LB

REGISTERED NUMBER:

02425145 (England and Wales)

BANKERS:

Barclays Bank Plc

PO Box 1352

25 High Street

Coventry

West Midlands

CV1 5ZA

FIXED ASSETS

Tangible assets

4

17,829

52,145

CURRENT ASSETS

Stocks

-

67,905

Debtors

27,369

713,955

Cash at bank

30,192

86,132

57,561

867,992

CREDITORS

Amounts falling due within one year

43,784

840,748

NET CURRENT ASSETS

13,777

27,244

TOTAL ASSETS LESS CURRENT LIABILITIES

31,606

79,389

CREDITORS

Amounts falling due after more than one year

22,443

50,643

NET ASSETS

9,163

28,746

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

7

9,161

28,744

SHAREHOLDERS' FUNDS

9,163

28,746

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2025 and were signed on its behalf by:

Ms C E Field - Director

1.	STATUTORY INFORMATION

The One-Shot Corporation Limited 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.

The company's place of business is Bell House, The Green, Bearsted, Kent, ME14 4ED.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors therefore believe that the going concern basis of accounts preparation is appropriate.

Turnover

Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% straight line and 25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement.

Taxation

Taxation for the year 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 year 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Controlling interest

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

229,975

Disposals

(174,939

)

At 31 December 2024

55,036

DEPRECIATION

At 1 January 2024

227,831

Charge for year

21,313

Eliminated on disposal

(211,937

)

At 31 December 2024

37,207

NET BOOK VALUE

At 31 December 2024

17,829

At 31 December 2023

2,144

5.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024

2023

£

£

Net obligations repayable:

Within one year

5,508

5,508

Between one and five years

5,508

11,015

11,016

16,523

6.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

11,016

16,523

The Hire Purchase agreements are secured against those assets to which they relate.

7.

RESERVES

Retained

earnings

£

At 1 January 2024

28,744

Deficit for the year

(19,583

)

At 31 December 2024

9,161

8.	OTHER FINANCIAL COMMITMENTS

To assist in ensuring that each group company has adequate working capital the company has entered into a loan agreement with its subsidiaries granting the right of set-off in respect of inter-group indebtedness created by such movements of funds.

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mcgill Technology Limited.