Online365 Limited - Accounts to registrar (filleted) - small 18.2
Online365 Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31 May 2021 |
| for |
| Online365 Limited |
| Online365 Limited (Registered number: 09221622) |
| Contents of the Financial Statements |
| for the Year Ended 31 May 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Online365 Limited |
| Company Information |
| for the Year Ended 31 May 2021 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 23 High Street |
| Bagshot |
| Surrey |
| GU19 5AF |
| Online365 Limited (Registered number: 09221622) |
| Balance Sheet |
| 31 May 2021 |
| 31.5.21 | 31.5.20 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 4 |
| Investments | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Online365 Limited (Registered number: 09221622) |
| Balance Sheet - continued |
| 31 May 2021 |
| 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 |
| Online365 Limited (Registered number: 09221622) |
| Notes to the Financial Statements |
| for the Year Ended 31 May 2021 |
| 1. | STATUTORY INFORMATION |
| Online365 Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2020 - NIL). |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.5.21 | 31.5.20 |
| £ | £ |
| Other debtors |
| 5. | CURRENT ASSET INVESTMENTS |
| 31.5.21 | 31.5.20 |
| £ | £ |
| Shares in group undertakings |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.5.21 | 31.5.20 |
| £ | £ |
| Bank loans and overdrafts (see note 8) |
| Other creditors |
| Accrued expenses |
| Online365 Limited (Registered number: 09221622) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2021 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.5.21 | 31.5.20 |
| £ | £ |
| Bank loans (see note 8) |
| Directors' loan accounts | 134,230 | 204,230 |
| 8. | LOANS |
| An analysis of the maturity of loans is given below: |
| 31.5.21 | 31.5.20 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Bank loans |
| Amounts falling due between two and five years: |
| Bank loans - 2-5 years |
| 9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following credits to directors subsisted during the years ended 31 May 2021 and 31 May 2020: |
| 31.5.21 | 31.5.20 |
| £ | £ |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced | ( |
) |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) | ( |
) |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced | ( |
) |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) | ( |
) |
| 10. | ULTIMATE CONTROLLING PARTY |
| The company is under the ultimate control of the Directors, R Tanner and M Farrar, by virtue of their shareholdings. R Tanner owns 740 and M Farrar 260 ordinary £1 shares. Dividends are paid to the Directors in line with their shareholdings. |