One to One Support Services Limited 31/12/2019 iXBRL

ONE TO ONE SUPPORT SERVICES LIMITED - Company Information

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Company registration number: 05687915

One to One Support Services Limited

Unaudited filleted financial statements

31 December 2019

One to One Support Services Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

One to One Support Services Limited

Directors and other information


	Director	Mrs. M. D. Ulyatt


	Secretary	Miss S. Ulyatt


	Company number	05687915


	Registered office	Devonshire Court
		25a Devonshire Terrace
		Holmewood, Chesterfield
		Derbyshire
		S42 5RF


	Business address	Devonshire Court
		25a Devonshire Terrace
		Holmewood, Chesterfield
		Derbyshire
		S42 5RF


	Accountants	Henry Bramall & Co Limited
		Unit 8, Acorn Business Park
		Woodseats Close
		Sheffield
		South Yorkshire
		S8 0TB




	Bankers	Co-Operative Bank
		15 Elder Way
		Chesterfield
		S40 1UX

		Nat West Comercial Bank
		7th Floor, Hardman Boulevard
		Manchester
		M3 3AQ

One to One Support Services Limited

Report to the director on the preparation of the

unaudited statutory financial statements of One to One Support Services Limited

Year ended 31 December 2019

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of One to One Support Services Limited for the year ended 31 December 2019 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.

This report is made solely to the director of One to One Support Services Limited, as a body, in accordance with the terms of our engagement letter dated 6 June 2016. Our work has been undertaken solely to prepare for your approval the financial statements of One to One Support Services Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than One to One Support Services Limited and its director as a body for our work or for this report.

It is your duty to ensure that One to One Support Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of One to One Support Services Limited. You consider that One to One Support Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of One to One Support Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Henry Bramall & Co Limited

Chartered Certified Accountants

Unit 8, Acorn Business Park

Woodseats Close

Sheffield

South Yorkshire

S8 0TB

2 June 2020

One to One Support Services Limited

Statement of financial position

31 December 2019

		2019		2018
	Note	£	£	£	£

Fixed assets
Tangible assets	5	385,230		396,424
		_______		_______
			385,230		396,424

Current assets
Debtors	6	347,901		439,210
Cash at bank and in hand		23,898		71,246
		_______		_______
		371,799		510,456
Creditors: amounts falling due
within one year	7	( 305,207)		( 316,939)
		_______		_______
Net current assets			66,592		193,517
			_______		_______
Total assets less current liabilities			451,822		589,941

Creditors: amounts falling due
after more than one year	8		( 201,258)		( 117,082)

Provisions for liabilities			( 18,984)		( 23,674)

			_______		_______
Net assets			231,580		449,185
			_______		_______

Capital and reserves
Called up share capital			2		2
Revaluation reserve			125,722		113,049
Profit and loss account			105,856		336,134
			_______		_______
Shareholders funds			231,580		449,185
			_______		_______

For the year ending 31 December 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 financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 02 June 2020 , and are signed on behalf of the board by:

Mrs. M. D. Ulyatt

Director

Company registration number: 05687915

One to One Support Services Limited

Notes to the financial statements

Year ended 31 December 2019

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Devonshire Court, 25a Devonshire Terrace, Holmewood, Chesterfield, Derbyshire, S42 5RF.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The Triennial review 2017 amendments to the standard have been early adopted.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Freehold property	-	4 %
Short leasehold property	-	10 %
Fittings fixtures and equipment	-	5 %

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 123 (2018: 129 ).

5. Tangible assets

	Freehold property	Short leasehold property	Fixtures, fittings and equipment	Total
	£	£	£	£
Cost or valuation
At 1 January 2019	417,500	27,910	170,545	615,955
Disposals	-	-	( 14,677)	( 14,677)
Revaluation	16,304	-	-	16,304
	_______	_______	_______	_______
At 31 December 2019	433,804	27,910	155,868	617,582
	_______	_______	_______	_______
Depreciation
At 1 January 2019	42,500	27,910	149,121	219,531
Charge for the year	16,304	-	11,194	27,498
Disposals	-	-	( 14,677)	( 14,677)
	_______	_______	_______	_______
At 31 December 2019	58,804	27,910	145,638	232,352
	_______	_______	_______	_______
Carrying amount
At 31 December 2019	375,000	-	10,230	385,230
	_______	_______	_______	_______
At 31 December 2018	375,000	-	21,424	396,424
	_______	_______	_______	_______

The property known as Devonshire Court has been revalued within these accounts at £375,000. This revaluation is based on similar properties within the area and was undertaken in February 2018 by Sally Botham Estates, Matlock.

Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:


	Freehold property	Total
	£	£
At 31 December 2019
Aggregate cost	283,742	283,742
Aggregate depreciation	(34,464)	(34,464)
	_______	_______
Carrying amount	249,278	249,278
	_______	_______

At 31 December 2018
Aggregate cost	283,742	283,742
Aggregate depreciation	(21,791)	(21,791)
	_______	_______
Carrying amount	261,951	261,951
	_______	_______

6. Debtors

	2019	2018
	£	£
Trade debtors	235,569	387,223
Other debtors	112,332	51,987
	_______	_______
	347,901	439,210
	_______	_______

7. Creditors: amounts falling due within one year

	2019	2018
	£	£
Bank loans and overdrafts	31,856	46,447
Trade creditors	15,649	18,190
Corporation tax	12,764	42,000
Social security and other taxes	29,842	25,543
Other creditors	215,096	184,759
	_______	_______
	305,207	316,939
	_______	_______

8. Creditors: amounts falling due after more than one year

	2019	2018
	£	£
Bank loans and overdrafts	201,258	117,082
	_______	_______

Included within creditors: amounts falling due after more than one year is an amount of £ 80,000 (2018 £ 69,897 ) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

The bank loans are secured by a Legal Charge over the Property known as Devonshire Terrace, Heath Road, Holmewood Chesterfield S42 5RF, which is solely given to The National Westminster Bank.

9. Directors advances, credits and guarantees

	During the year the director entered into the following advances and credits with the company:

2019
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	Mrs. M. D. Ulyatt	17,326	72,624	( 52,500)	37,450
		_______	_______	_______	_______

2018
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	Mrs. M. D. Ulyatt	( 303)	115,129	( 97,500)	17,326
		_______	_______	_______	_______

The advance to Mrs Coley was in respect of a private purchase. This debt has been repaid back to the company post December 2019. No interest was charged by the company.