Only Business Services Ltd - Period Ending 2018-03-31

Registration number: 09018002

Only Business Services Ltd

Annual Report and Unaudited Financial Statements

for the Period from 1 May 2017 to 31 March 2018

NAS Accountants Limited
Chartered Certified Accountants
Suite 45
17 Holywell Hill
St Albans
Hertfordshire
AL1 1DT

Only Business Services Ltd

Contents

Company Information	1
Accountants' Report	2
Profit and Loss Account	3
Balance Sheet	4
Notes to the Financial Statements	4

Only Business Services Ltd

Company Information

Director

Mr Paul Hargreaves

Registered office

17 Holywell Hill St Albans Hertfordshire AL1 1DT

Accountants

NAS Accountants Limited Chartered Certified Accountants Suite 45 17 Holywell Hill St Albans Hertfordshire AL1 1DT

Page 1

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Only Business Services Ltd
for the Period Ended 31 March 2018

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Only Business Services Ltd for the period ended 31 March 2018 as set out on pages 3 to 4 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/gb/en/discover/public-value/rulebook.html.

This report is made solely to the Board of Directors of Only Business Services Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Only Business Services Ltd and state those matters that we have agreed to state to the Board of Directors of Only Business Services Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Only Business Services Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Only Business Services Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Only Business Services Ltd. You consider that Only Business Services Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Only Business Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

NAS Accountants Limited
Chartered Certified Accountants
Suite 45
17 Holywell Hill
St Albans
Hertfordshire
AL1 1DT

18 May 2018

Page 2

Only Business Services Ltd

Profit and Loss Account for the Period from 1 May 2017 to 31 March 2018

	2018 £	2017 £
Turnover	134,283	491,032
Cost of raw materials and consumables	(82,741)	(219,945)
Staff costs	(33,827)	(140,800)
Other charges	(28,801)	(115,904)
(Loss)/profit before tax	(11,086)	14,383
Taxation	2,205	(2,865)
(Loss)/profit for the period	(8,881)	11,518

Page 3

Only Business Services Ltd

(Registration number: 09018002)
Balance Sheet as at 31 March 2018

	2018 £	2017 £
Current assets	8,522	26,575
Creditors: Amounts falling due within one year	(8,514)	(15,461)
Total assets less current liabilities	8	11,114
Accruals and deferred income	-	(1,225)
	8	9,889
Capital and reserves	8	9,889

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
17 Holywell Hill
St Albans
Hertfordshire
AL1 1DT

These financial statements were authorised for issue by the director on 18 May 2018.

Basis of preparation

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial period ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the director on 18 May 2018
 

.........................................

Mr Paul Hargreaves

Director

Page 4