Onesimus Enterprises Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08582887 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2018

for

Onesimus Enterprises Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B Askew

Mrs H J Askew

SECRETARY:

REGISTERED OFFICE:

44 West Broadway

Bristol

BS9 4TB

REGISTERED NUMBER:

08582887 (England and Wales)

ACCOUNTANTS:

Kingscote Accountancy Limited

Rodney House

Clifton Down Road

Clifton

Bristol

BS8 4AL

FIXED ASSETS

Tangible assets

4

129

7,303

Investments

5

144,908

144,908

145,037

152,211

CURRENT ASSETS

Debtors

6

-

2,666

Cash at bank

19,678

37,147

19,678

39,813

CREDITORS

Amounts falling due within one year

7

11,566

63,237

NET CURRENT ASSETS/(LIABILITIES)

8,112

(23,424

)

TOTAL ASSETS LESS CURRENT LIABILITIES

153,149

128,787

PROVISIONS FOR LIABILITIES

2,441

1,388

NET ASSETS

150,708

127,399

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

150,608

127,299

SHAREHOLDERS' FUNDS

150,708

127,399

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

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

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.

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 Board of Directors on 30 August 2018 and were signed on its behalf by:

B Askew - Director

1.	STATUTORY INFORMATION

Onesimus Enterprises Limited 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.

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 each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 20% on cost

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 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2017

36,127

Additions

194

At 30 June 2018

36,321

DEPRECIATION

At 1 July 2017

28,824

Charge for year

7,368

At 30 June 2018

36,192

NET BOOK VALUE

At 30 June 2018

129

At 30 June 2017

7,303

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 July 2017

and 30 June 2018

144,908

NET BOOK VALUE

At 30 June 2018

144,908

At 30 June 2017

144,908

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Other debtors

-

2,666

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Taxation and social security

-

11,879

Other creditors

11,566

51,358

11,566

63,237

8.	RELATED PARTY DISCLOSURES

During the year B Askew introduced working capital of £208 (2017: £128,007) into the Company. As at the

balance sheet date, the Company owed B Askew £10,406 (2017: £50,198).

9.	ULTIMATE CONTROLLING PARTY

The Company is controlled by B Askew and H Askew by virtue of their equal shareholding.