One World Solutions (UK) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09354231 (England and Wales)

Financial Statements

for the Year Ended 31 December 2020

for

One World Solutions (UK) Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr A S Bhakta

REGISTERED OFFICE:

One World House

Pump Lane

Hayes

Middlesex

UB3 3NB

REGISTERED NUMBER:

09354231 (England and Wales)

AUDITORS:

Atkins & Partners

Chartered Accountants & Registered Auditors

4th Floor, Suite 2 B

Congress House

Lyon Road

Harrow

Middlesex

HA1 2EN

FIXED ASSETS

Intangible assets

4

57,442

144,555

CURRENT ASSETS

Debtors

67,496

125,058

Cash at bank and in hand

82,669

4,401

150,165

129,459

CREDITORS

Amounts falling due within one year

(301,979

)

(300,760

)

NET CURRENT LIABILITIES

(151,814

)

(171,301

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(94,372

)

(26,746

)

CAPITAL AND RESERVES

Called up share capital

5

10

10

Retained earnings

(94,382

)

(26,756

)

SHAREHOLDERS' FUNDS

(94,372

)

(26,746

)

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2020 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 September 2021 and were signed by:

Mr A S Bhakta - Director

1.	STATUTORY INFORMATION

One World Solutions (UK) Ltd 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

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.

Going concern

The accounts have been prepared on a going concern basis which assumes that the company will continue to receive adequate financial assistance from Directors, Bankers and other creditors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2020

and 31 December 2020

304,100

AMORTISATION

At 1 January 2020

159,545

Amortisation for year

87,113

At 31 December 2020

246,658

NET BOOK VALUE

At 31 December 2020

57,442

At 31 December 2019

144,555

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

1

Ordinary shares

£10.0

0

10

10

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Atul Thanawala (Senior Statutory Auditor)

for and on behalf of Atkins & Partners

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr A S Bhakta.

The ultimate controlling party is Mr A S Bhakta.