Company Registration No. 06539248 (England and Wales)
One Global Solutions Limited
Unaudited accounts
for the year ended 30 September 2023
One Global Solutions Limited
Unaudited accounts
Contents
One Global Solutions Limited
Company Information
for the year ended 30 September 2023
Directors
J D Hart
P D Green
H Chew
Company Number
06539248 (England and Wales)
Registered Office
2 AIRPORT WEST
LANCASTER WAY YEADON
LEEDS
LS19 7ZA
One Global Solutions Limited
Statement of financial position
as at 30 September 2023
Tangible assets
2,621
4,933
Cash at bank and in hand
146,003
187,933
Creditors: amounts falling due within one year
(85,739)
(106,257)
Net current assets
475,877
493,862
Total assets less current liabilities
478,498
498,795
Creditors: amounts falling due after more than one year
(17,442)
(27,871)
Provisions for liabilities
Net assets
460,558
469,987
Called up share capital
100
100
Profit and loss account
460,458
469,887
Shareholders' funds
460,558
469,987
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2024 and were signed on its behalf by
J D Hart
Director
Company Registration No. 06539248
One Global Solutions Limited
Notes to the Accounts
for the year ended 30 September 2023
One Global Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 06539248. The registered office is 2 AIRPORT WEST, LANCASTER WAY YEADON, LEEDS, LS19 7ZA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
These financial statements have been prepared on a going concern basis. The directors, having considered the financial position of the company for a period of at least twelve months from the date of signing these financial statements, have no reason to believe that a material uncertainty exists that may cast doubt about the ability of the company to continue as a going concern.
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
One Global Solutions Limited
Notes to the Accounts
for the year ended 30 September 2023
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% straight line
Computer equipment
33% and 50% straight line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2022
14,234
35,285
49,519
At 30 September 2023
14,234
35,285
49,519
At 1 October 2022
14,234
30,352
44,586
Charge for the year
-
2,312
2,312
At 30 September 2023
14,234
32,664
46,898
At 30 September 2023
-
2,621
2,621
At 30 September 2022
-
4,933
4,933
Amounts falling due within one year
Trade debtors
242,937
222,249
Amounts due from group undertakings etc.
156,346
156,346
Accrued income and prepayments
12,674
14,292
Other debtors
3,656
19,299
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
9,400
Trade creditors
45,095
16,035
Taxes and social security
21,382
50,206
Other creditors
3,388
4,171
Loans from directors
148
143
7
Creditors: amounts falling due after more than one year
2023
2022
One Global Solutions Limited
Notes to the Accounts
for the year ended 30 September 2023
8
Deferred taxation
2023
2022
Accelerated capital allowances
498
937
Provision at start of year
937
975
Credited to the profit and loss account
(439)
(38)
Provision at end of year
498
937
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Transactions with related parties
The Company has taken advantage of the exemption conferred by Section 1A of FRS 102 to not disclose transactions with any other members of the group as it is wholly owned subsidiary of TEMA holdings (Worldwide) Limited.
11
Average number of employees
During the year the average number of employees was 8 (2022: 9).
