One 4 Design Limited 31/01/2021 iXBRL
One 4 Design Limited 31/01/2021 iXBRL
Company registration number:
08346504
Contents
Statement of financial position
Notes to the financial statements
Statement of financial position
31st January 2021
2021 | 2020 | ||||||||
Note | £ | £ | £ | £ | |||||
Current assets | |||||||||
Debtors | 6 |
|
- | ||||||
Cash at bank and in hand |
|
- | |||||||
_______ | _______ | ||||||||
|
- | ||||||||
Creditors: amounts falling due | |||||||||
within one year | 7 |
(
|
(
|
||||||
_______ | _______ | ||||||||
Net current liabilities |
(
|
(
|
|||||||
_______ | _______ | ||||||||
Total assets less current liabilities |
(
|
(
|
|||||||
_______ | _______ | ||||||||
Net liabilities |
(
|
(
|
|||||||
_______ | _______ | ||||||||
Capital and reserves | |||||||||
Called up share capital | 8 |
|
|
||||||
Profit and loss account |
(
|
(
|
|||||||
_______ | _______ | ||||||||
Shareholders deficit |
(
|
(
|
|||||||
_______ | _______ | ||||||||
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.
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
27 October 2021
, and are signed on behalf of the board by:
Director
Company registration number:
08346504
Notes to the financial statements
Year ended 31st January 2021
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is One 4 Design Limited, Sterling House, 32 St John Street, Mansfield, Nottinghamshire, NG18 1QJ.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
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
Tangible assets
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:
Fittings fixtures and equipment | - |
|
|
|
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
Government grants
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.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2020:
1
).
5.
Tangible assets
Fixtures, fittings and equipment | Total | ||
£ | £ | ||
Cost | |||
At 1st February 2020 and 31st January 2021 |
|
|
|
_______ | _______ | ||
Depreciation | |||
At 1st February 2020 and 31st January 2021 |
|
|
|
_______ | _______ | ||
Carrying amount | |||
At 31st January 2021 | - | - | |
_______ | _______ | ||
At 31st January 2020 | - | - | |
_______ | _______ | ||
6.
Debtors
2021 | 2020 | |||
£ | £ | |||
Other debtors |
|
- | ||
_______ | _______ | |||
7.
Creditors: amounts falling due within one year
2021 | 2020 | |||
£ | £ | |||
Other creditors |
|
|
||
_______ | _______ | |||
8.
Called up share capital
Issued, called up and fully paid
2021 | 2020 | ||||||||
No | £ | No | £ | ||||||
|
1 | 1 | 1 | 1 | |||||
_______ | _______ | _______ | _______ | ||||||
9.
Controlling party
The company is under the control of the director,
Miss Julie Ward
, by virtue of her majority shareholding.