One 4 You Services Limited - Accounts to registrar (filleted) - small 18.2

One 4 You Services Limited - Accounts to registrar (filleted) - small 18.2

ONE 4 YOU SERVICES LIMITED - Company Information

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REGISTERED NUMBER: 05971055 (England and Wales)










Financial Statements

for the Year Ended

31 August 2019

for

One 4 You Services Limited
Godfrey Mansell & Co
Hales Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT








One 4 You Services Limited (Registered number: 05971055)






Contents of the Financial Statements
for the Year Ended 31 August 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


One 4 You Services Limited

Company Information
for the Year Ended 31 August 2019







DIRECTORS: A Ahmed
A Jamil





SECRETARY: A Jamil





REGISTERED OFFICE: Hales Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT





REGISTERED NUMBER: 05971055 (England and Wales)





ACCOUNTANTS: Godfrey Mansell & Co
Hales Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT
Page 1
One 4 You Services Limited (Registered number: 05971055)

Balance Sheet
31 August 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 127,789 94,233

CURRENT ASSETS
Debtors 5 98,085 43,103
Cash at bank 404,215 208,589
502,300 251,692
CREDITORS
Amounts falling due within one year 6 238,233 117,875
NET CURRENT ASSETS 264,067 133,817
TOTAL ASSETS LESS CURRENT
LIABILITIES
391,856
228,050

CREDITORS
Amounts falling due after more than one
year
7
24,134
29,618
NET ASSETS 367,722 198,432

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 367,720 198,430
SHAREHOLDERS' FUNDS 367,722 198,432

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 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.

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 21 August 2020 and were
signed on its behalf by:





A Jamil - Director


The notes form part of these financial statements

Page 2
One 4 You Services Limited (Registered number: 05971055)

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

1. STATUTORY INFORMATION

One 4 You Services 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.

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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

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.
Plant and machinery etc - 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - NIL ) .

Page 3 continued...
One 4 You Services Limited (Registered number: 05971055)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2019

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2018 193,210
Additions 76,151
At 31 August 2019 269,361
DEPRECIATION
At 1 September 2018 98,977
Charge for year 42,595
At 31 August 2019 141,572
NET BOOK VALUE
At 31 August 2019 127,789
At 31 August 2018 94,233

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

Plant and
machinery
etc
£   
COST
At 1 September 2018 69,906
Additions 13,616
At 31 August 2019 83,522
DEPRECIATION
At 1 September 2018 17,476
Charge for year 16,511
At 31 August 2019 33,987
NET BOOK VALUE
At 31 August 2019 49,535
At 31 August 2018 52,430

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 98,085 43,103

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Hire purchase contracts 13,119 9,873
Tax 46,942 22,411
Social security and other taxes 107,149 12,882
Directors' loan accounts 53,000 65,880
Accrued expenses 18,023 6,829
238,233 117,875

Page 4 continued...
One 4 You Services Limited (Registered number: 05971055)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2019

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2019 2018
£    £   
Hire purchase contracts 24,134 29,618

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the Balance Sheet date the company owed the directors the following amounts:-
Mr A Jameel £39,000 (2018 - £32,940)
Mr A Ahmed £14,000 (2018 - £32,940)

The loans are provided interest free with no fixed terms of repayment.

Page 5