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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 JANUARY 2019 |
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ONE CONNECTION LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 JANUARY 2019 |
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FOR |
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ONE CONNECTION LIMITED |
ONE CONNECTION LIMITED (REGISTERED NUMBER: 08638755) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 January 2019 |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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ONE CONNECTION LIMITED |
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COMPANY INFORMATION |
for the year ended 31 January 2019 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ONE CONNECTION LIMITED (REGISTERED NUMBER: 08638755) |
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ABRIDGED BALANCE SHEET |
31 January 2019 |
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2019 | 2018 |
£ | £ |
CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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The director acknowledges her responsibilities for: |
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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. |
ONE CONNECTION LIMITED (REGISTERED NUMBER: 08638755) |
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ABRIDGED BALANCE SHEET - continued |
31 January 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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ONE CONNECTION LIMITED (REGISTERED NUMBER: 08638755) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 January 2019 |
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1. | STATUTORY INFORMATION |
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One Connection Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The accounts have been prepared in accordance with applicable accounting standards. The principal accounting |
policies adopted in the preparation of the financial statements are set out below and have remained unchanged |
from the previous year. |
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Going concern |
At the balance sheet date the company had net current assets of £240,286 (2018 - £220,900) and net assets of |
£40,286 (2018 - £20,900). The directors have considered the Company's business prospects and all relevant |
aspects of the Company's financing position, including amounts due to and due from related companies. The |
Company is part of a group headed by Bricks Capital Holding Limited. Based on the current outlook of the |
group and the continuing arrangements that have been put in place with group companies and suppliers, the |
directors are confident in the Company's ability to meet its financial requirements as they fall due. The directors |
therefore consider it appropriate to prepare the financial statements on a going concern basis. |
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Turnover |
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal |
course of business. Revenue is recognised in respect of service contracts when the company obtains the right to |
consideration. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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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. |
ONE CONNECTION LIMITED (REGISTERED NUMBER: 08638755) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 January 2019 |
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2. | ACCOUNTING POLICIES - continued |
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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. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 31 January 2019 and |
31 January 2018: |
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2019 | 2018 |
£ | £ |
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Balance outstanding at start of year | ( |
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Amounts advanced |
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Amounts repaid |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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( |
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5. | STOCKS |
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Stock is comprised of finished goods of £nil (2018: £364,750). |
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6. | CREDITORS DUE MORE THAN ONE YEAR |
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Creditors due after more than one year relate to Directors' loan account balances. |
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7. | CONTROLLING INTERESTS |
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The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in |
respect of the financial and operating policies of the company. |