ACCOUNTS - Final Accounts

ONE STOP FINANCE GROUP LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-04-01false2No description of principal activitytruetrue 06877099 2022-04-01 2023-03-31 06877099 2021-04-01 2022-03-31 06877099 2023-03-31 06877099 2022-03-31 06877099 c:Director1 2022-04-01 2023-03-31 06877099 c:Director2 2022-04-01 2023-03-31 06877099 d:CurrentFinancialInstruments 2023-03-31 06877099 d:CurrentFinancialInstruments 2022-03-31 06877099 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06877099 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 06877099 d:ShareCapital 2023-03-31 06877099 d:ShareCapital 2022-03-31 06877099 d:RetainedEarningsAccumulatedLosses 2023-03-31 06877099 d:RetainedEarningsAccumulatedLosses 2022-03-31 06877099 c:OrdinaryShareClass1 2022-04-01 2023-03-31 06877099 c:OrdinaryShareClass1 2023-03-31 06877099 c:OrdinaryShareClass1 2022-03-31 06877099 c:OrdinaryShareClass2 2022-04-01 2023-03-31 06877099 c:OrdinaryShareClass2 2023-03-31 06877099 c:OrdinaryShareClass2 2022-03-31 06877099 c:OrdinaryShareClass3 2022-04-01 2023-03-31 06877099 c:OrdinaryShareClass3 2023-03-31 06877099 c:OrdinaryShareClass3 2022-03-31 06877099 c:OrdinaryShareClass4 2022-04-01 2023-03-31 06877099 c:OrdinaryShareClass4 2023-03-31 06877099 c:OrdinaryShareClass4 2022-03-31 06877099 c:OrdinaryShareClass5 2022-04-01 2023-03-31 06877099 c:OrdinaryShareClass5 2023-03-31 06877099 c:OrdinaryShareClass5 2022-03-31 06877099 c:FRS102 2022-04-01 2023-03-31 06877099 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 06877099 c:FullAccounts 2022-04-01 2023-03-31 06877099 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06877099 6 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06877099

ONE STOP FINANCE GROUP LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

ONE STOP FINANCE GROUP LIMITED

REGISTERED NUMBER: 06877099

BALANCE SHEET

AS AT 31 MARCH 2023

		2023		2022
Note		£		£

Fixed assets
Investments	4		1		1
			1		1
Current assets
Cash at bank and in hand	5	39,666		72,928
		39,666		72,928
Creditors: amounts falling due within one year	6	(16,232)		(54,830)
Net current assets			23,434		18,098
Total assets less current liabilities			23,435		18,099

Net assets			23,435		18,099

Capital and reserves
Called up share capital	7	1,000	1,000
Profit and loss account		22,435	17,099
		23,435	18,099

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ONE STOP FINANCE GROUP LIMITED

REGISTERED NUMBER: 06877099

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 October 2023.

................................................ M Rolle	................................................ S Burkin
Director	Director

The notes on pages 3 to 6 form part of these financial statements.

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ONE STOP FINANCE GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

1.	General information

One Stop Finance Group Limited is a private company limited by shares. The company is incorporated in England & Wales and its trading address is Elywood House, 42 Lytton Road, New Barnet, Herts, EN5 5BY. The registered number is 06877099.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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ONE STOP FINANCE GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

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ONE STOP FINANCE GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 April 2022	1
	At 31 March 2023	1

5.	Cash and cash equivalents
		2023	2022
		£	£

Cash at bank and in hand	39,667	72,929
	39,667	72,929

6.	Creditors: Amounts falling due within one year
		2023	2022
		£	£

Amounts owed to group undertakings	10,682	50,515
Corporation tax	235	-
Accruals and deferred income	5,315	4,315
	16,232	54,830

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ONE STOP FINANCE GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

7.	Share capital
		2023	2022
		£	£

Allotted, called up and fully paid

447 (2022 - 447) A Ordinary shares of £1.00 each	447	447
1 (2022 - 1) B Ordinary share of £1.00	1	1
1 (2022 - 1) C Ordinary share of £1.00	1	1
1 (2022 - 1) D Ordinary share of £1.00	1	1
447 (2022 - 447) E Ordinary shares of £1.00 each	447	447
1 (2022 - 1) F Ordinary share of £1.00	1	1
1 (2022 - 1) G Ordinary share of £1.00	1	1
1 (2022 - 1) H Ordinary share of £1.00	1	1
100 (2022 - 100) I Ordinary shares of £1.00 each	100	100

	1,000	1,000

8.	Transactions with directors
	During the year, dividends of £50,501 (2022: £65,657) were paid to the directors of the company.

9.	Related party transactions
	At the balance sheet date, an amount of £10,682 (2022: £50,515) was owed to One Stop Finance Limited, a wholly owned subsidiary. This loan is unsecured, interest free and there are no set repayment terms. During the year, dividends totalling £50,501 (2022: £65,657) were received from One Stop Finance Limited, a wholly owned subsidiary.

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