Onebitbeyond Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 09418906 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2018

FOR

ONEBITBEYOND LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J C Biddle

REGISTERED OFFICE:

2 Larch House

Round Hill

London

SE26 4RF

REGISTERED NUMBER:

09418906 (England and Wales)

ACCOUNTANT:

Will Taylor Limited

Suites 12-14

3rd Floor, Vantage Point

New England Road

Brighton

East Sussex

BN1 4GW

FIXED ASSETS

Tangible assets

4

2,721

3,913

CURRENT ASSETS

Debtors

5

(26,439

)

24,452

Cash at bank

11,579

40,125

(14,860

)

64,577

CREDITORS

Amounts falling due within one year

6

9,572

9,389

NET CURRENT (LIABILITIES)/ASSETS

(24,432

)

55,188

TOTAL ASSETS LESS CURRENT LIABILITIES

(21,711

)

59,101

PROVISIONS FOR LIABILITIES

517

-

NET (LIABILITIES)/ASSETS

(22,228

)

59,101

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(22,230

)

59,099

SHAREHOLDERS' FUNDS

(22,228

)

59,101

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 4 June 2018 and were signed by:

J C Biddle - Director

1.	STATUTORY INFORMATION

Onebitbeyond 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value

of each asset over its estimated useful life.

Office Equipment - 33% SLM

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment.

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 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 May 2017

13,080

Additions

3,392

At 30 April 2018

16,472

DEPRECIATION

At 1 May 2017

9,167

Charge for year

4,584

At 30 April 2018

13,751

NET BOOK VALUE

At 30 April 2018

2,721

At 30 April 2017

3,913

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Other debtors

(26,439

)

24,452

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Other creditors

9,572

9,389

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2018 and

30 April 2017:

30.4.18

30.4.17

£

£

J C Biddle

Balance outstanding at start of year

(8,639

)

(8,630

)

Amounts advanced

17

-

Amounts repaid

-

(9

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(8,622

)

(8,639

)

8.	RELATED PARTY DISCLOSURES

J C Biddle

Director

During the year, total dividends of £24,400 (2017 - £25,750) were paid to the director.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J C Biddle.