One Stop Alternatives Limited - Period Ending 2019-07-31

Registration number: 03817747

One Stop Alternatives Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 July 2019

One Stop Alternatives Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 5

One Stop Alternatives Limited

Company Information

Director

Mrs M Berkin

Company secretary

Mrs M Berkin

Registered office

4 Posbrook Farm Cottages Posbrook Lane Fareham Hampshire PO14 4EZ

Accountants

Michael J Emery & Co Limited 22 St John Street Newport Pagnell Buckinghamshire MK16 8HJ

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One Stop Alternatives Limited

(Registration number: 03817747)
Balance Sheet as at 31 July 2019

	Note	2019 £	2018 £
Fixed assets
Other financial assets	4	-	400
Current assets
Debtors	5	16,250	1,234
Cash at bank and in hand		56,341	184,925
		72,591	186,159
Creditors: Amounts falling due within one year	6	(1,148)	(83,636)
Net current assets		71,443	102,523
Net assets		71,443	102,923
Capital and reserves
Called up share capital		100	100
Profit and loss account		71,343	102,823
Total equity		71,443	102,923

For the financial year ending 31 July 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 5 March 2020
 

.........................................

Mrs M Berkin
Company secretary and director

The notes on pages 3 to 5 form an integral part of these financial statements.

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One Stop Alternatives Limited

Notes to the Financial Statements for the Year Ended 31 July 2019

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4 Posbrook Farm Cottages
Posbrook Lane
Fareham
Hampshire
PO14 4EZ

These financial statements were authorised for issue by the director on 5 March 2020.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investments

Investments in shares are held at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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One Stop Alternatives Limited

Notes to the Financial Statements for the Year Ended 31 July 2019

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company during the year, including the director, was 1 (2018 - 2).

4	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 1 August 2018	400	400
Disposals	(400)	(400)
At 31 July 2019	-	-
Impairment
Carrying amount
At 31 July 2019	-	-

5

Debtors

	2019 £	2018 £
VAT debtor	1,234	1,234
Directors loan account	15,016	-
Total current trade and other debtors	16,250	1,234

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One Stop Alternatives Limited

Notes to the Financial Statements for the Year Ended 31 July 2019

6

Creditors

Creditors: amounts falling due within one year

	2019 £	2018 £
Due within one year
Trade creditors	708	-
Directors loan account	-	82,985
Accruals	250	651
Corporation tax control	190	-
	1,148	83,636

7	Related party transactions

Transactions with directors

2019	At 1 August 2018 £	Advances to directors £	Repayments by director £	At 31 July 2019 £
Mrs M Berkin
	(82,156)	146,000	(48,000)	15,844

The overdrawn directors loan account will be repaid on 10/04/2020.

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