One Immigration Limited - Filleted accounts

One Immigration Limited - Filleted accounts

ONE IMMIGRATION LTD - Company Information

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One Immigration Limited
Registered number: 06744574
Balance Sheet
as at 30 November 2018
Notes 2018 2017
£ £
Fixed assets
Tangible assets 2 723 964
Current assets
Debtors 3 13,694 13,677
Cash at bank and in hand 17,892 18,970
31,586 32,647
Creditors: amounts falling due within one year 4 (15,324) (17,546)
Net current assets 16,262 15,101
Net assets 16,985 16,065
Capital and reserves
Called up share capital 100 100
Profit and loss account 16,885 15,965
Shareholders' funds 16,985 16,065
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.
M Singh
Director
Approved by the board on 28 August 2019
One Immigration Limited
Notes to the Accounts
for the year ended 30 November 2018
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.
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:
Plant and machinery 25% reducing balance method
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2017 8,605
At 30 November 2018 8,605
Depreciation
At 1 December 2017 7,641
Charge for the year 241
At 30 November 2018 7,882
Net book value
At 30 November 2018 723
At 30 November 2017 964
3 Debtors 2018 2017
£ £
Trade debtors 1,158 4,561
Other debtors 12,536 9,116
13,694 13,677
4 Creditors: amounts falling due within one year 2018 2017
£ £
Bank loans and overdrafts 805 -
Trade creditors 1,367 3,337
Corporation tax 8,124 7,567
Other taxes and social security costs 7,626 3,281
Other creditors (2,598) 3,361
15,324 17,546
5 Other information
One Immigration Limited is a private company limited by shares and incorporated in England. Its registered office is:
79 London Road
Leicester
LE2 0PF
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