Onesoon Limited - Abbreviated accounts 16.3

Onesoon Limited - Abbreviated accounts 16.3

ONESOON LIMITED - Company Information

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REGISTERED NUMBER: 04746025 (England and Wales)





ONESOON LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016






ONESOON LIMITED (REGISTERED NUMBER: 04746025)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

ONESOON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2016







DIRECTORS: Mr R Taylor-Carr
Mr D Cloudsdale
Mr L S Thurman



SECRETARY: Mr R Taylor-Carr



REGISTERED OFFICE: 7 St John Street
Mansfield
Nottinghamshire
NG18 1QH



REGISTERED NUMBER: 04746025 (England and Wales)



ACCOUNTANTS: ApC
Chartered Accountants
7 St John Street
Mansfield
Nottinghamshire
NG18 1QH



BANKERS: Barclays
Leicester
LE87 2BB
Page 1
ONESOON LIMITED (REGISTERED NUMBER: 04746025)

ABBREVIATED BALANCE SHEET
31 OCTOBER 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 2,404 3,606
Tangible assets 3 946 1,419
3,350 5,025

CURRENT ASSETS
Debtors 156,674 169,111
Cash at bank and in hand 64,132 61,991
220,806 231,102
CREDITORS
Amounts falling due within one year 165,335 68,002
NET CURRENT ASSETS 55,471 163,100
TOTAL ASSETS LESS CURRENT
LIABILITIES
58,821
168,125

PROVISIONS FOR LIABILITIES 183 284
NET ASSETS 58,638 167,841

CAPITAL AND RESERVES
Called up share capital 4 1 1
Profit and loss account 58,637 167,840
SHAREHOLDERS' FUNDS 58,638 167,841

The notes form part of these abbreviated accounts

Page 2
ONESOON LIMITED (REGISTERED NUMBER: 04746025)

ABBREVIATED BALANCE SHEET - continued
31 OCTOBER 2016


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 19 July 2017 and were signed on its behalf by:





Mr R Taylor-Carr - Director


The notes form part of these abbreviated accounts

Page 3
ONESOON LIMITED (REGISTERED NUMBER: 04746025)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016


1. ACCOUNTING POLICIES

Accounting convention
The financial statements 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 the value excluding Value Added Tax of services provided to customers during the year. In
respect of services provided, all income is taken to profit and loss at the same point as the right to receive
consideration has been acquired.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 33% on reducing balance

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

Foreign currencies
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 rate of exchange ruling
at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Financial instruments
Financial instruments and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets
of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar
debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented
as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the
profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the
outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability
then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are
debited direct to equity.

Page 4
ONESOON LIMITED (REGISTERED NUMBER: 04746025)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2016


2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2015
and 31 October 2016 5,408
AMORTISATION
At 1 November 2015 1,802
Amortisation for year 1,202
At 31 October 2016 3,004
NET BOOK VALUE

At 31 October 2016 2,404
At 31 October 2015 3,606

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2015
and 31 October 2016 12,330
DEPRECIATION
At 1 November 2015 10,911
Charge for year 473
At 31 October 2016 11,384
NET BOOK VALUE
At 31 October 2016 946
At 31 October 2015 1,419

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
1 Ordinary £1 1 1

Page 5
ONESOON LIMITED (REGISTERED NUMBER: 04746025)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2016


5. ULTIMATE PARENT COMPANY

Accsys Spangle Limited is regarded by the directors as being the company's ultimate parent company.

Page 6