One Network Limited - Period Ending 2016-03-31

One Network Limited - Period Ending 2016-03-31

ONE NETWORK LIMITED - Company Information

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One Network Limited 07549614 false true 2015-04-01 2016-03-31 2016-03-31 07549614 2015-04-01 2016-03-31 07549614 2016-03-31 07549614 uk-bus:OrdinaryShareClass1 2016-03-31 07549614 uk-bus:Director1 2015-04-01 2016-03-31 07549614 uk-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 07549614 uk-bus:EntityAccountantsOrAuditors 2015-04-01 2016-03-31 07549614 2015-03-31 07549614 2015-03-31 07549614 uk-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP xbrli:shares

Registration number: 07549614

One Network Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Jeeves & Co Limited
Certified Public Accountants
123 Hagley Road
Edgbaston
Birmingham
B16 8LD

 

One Network Limited
Contents

Accountants' Report

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

 

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 3) have been prepared.

Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
One Network Limited
for the Year Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of One Network Limited for the year ended 31 March 2016 set out on pages 4 to 7 from the company's accounting records and from information and explanations you have given us.

We have carried out this engagement in accordance with technical guidance issued by the Association of Certified Public Accountants and have complied with the ethical guidance laid down by the Association relating to members undertaking the compilation of financial statements.

This report is made solely to the Board of Directors of One Network Limited, 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 One Network Limited and state those matters that we have agreed to state to them, as a body, in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than One Network Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that One Network Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of One Network Limited. You consider that One Network Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of One Network Limited. 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.

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

Jeeves & Co Limited
Certified Public Accountants
123 Hagley Road
Edgbaston
Birmingham
B16 8LD

21 December 2016

Page 1

 

One Network Limited
(Registration number: 07549614)
Abbreviated Balance Sheet at 31 March 2016

   

Note

    

2016
£

    

2015
£

  

Current assets

  

             

Debtors

  

   

2,780

   

1,000

 

Cash at bank and in hand

  

   

1

   

1

 
   

   

2,781

   

1,001

 

Creditors: Amounts falling due within one year

  

   

(2,226)

   

(1,589)

 

Net assets/(liabilities)

  

   

555

   

(588)

 

Capital and reserves

  

             

Called up share capital

 

2

   

1

   

1

 

Profit and loss account

  

   

554

   

(589)

 

Shareholders' funds/(deficit)

  

   

555

   

(588)

 

For the year ending 31 March 2016 the company was entitled to exemption 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 21 December 2016

.........................................
Mr Pavitter Virdi
Director

The notes on page 3 form an integral part of these financial statements.
Page 2

 

One Network Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale services to customers. It is recognised in the accounts on an accruals basis.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2

Share capital

Allotted, called up and fully paid shares

 

2016

2015

   

No.

   

£

   

No.

   

£

 

Ordinary of £1 each

 

1

   

1

   

1

   

1

 
                         

Page 3