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REGISTERED NUMBER: 08387053 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2018

for

1PLUS1 LOANS LTD

1PLUS1 LOANS LTD (REGISTERED NUMBER: 08387053)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


1PLUS1 LOANS LTD

Company Information
for the Year Ended 31 March 2018







DIRECTORS: G P McKenna
Mrs J McCormack





REGISTERED OFFICE: The Old Tannery
Eastgate
Accrington
Lancashire
BB5 6PW





REGISTERED NUMBER: 08387053 (England and Wales)





ACCOUNTANTS: Haworths Limited
Chartered Accountants
The Old Tannery
Eastgate
Accrington
Lancashire
BB5 6PW

1PLUS1 LOANS LTD (REGISTERED NUMBER: 08387053)

Balance Sheet
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 8,421 9,559
8,421 9,559

CURRENT ASSETS
Debtors 7 1,635,597 1,020,163
Cash at bank 219,155 89,672
1,854,752 1,109,835
CREDITORS
Amounts falling due within one year 8 582,153 306,302
NET CURRENT ASSETS 1,272,599 803,533
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,281,020

813,092

CREDITORS
Amounts falling due after more than one
year

9

1,010,146

613,260
NET ASSETS 270,874 199,832

CAPITAL AND RESERVES
Called up share capital 8 8
Retained earnings 270,866 199,824
SHAREHOLDERS' FUNDS 270,874 199,832

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

1PLUS1 LOANS LTD (REGISTERED NUMBER: 08387053)

Balance Sheet - continued
31 March 2018


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 20 August 2018 and were signed on its behalf by:





G P McKenna - Director


1PLUS1 LOANS LTD (REGISTERED NUMBER: 08387053)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

1plus1 Loans 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents contractual interest and fees earned in line with the term and size of loan. Interest income
consists of interest calculated on a daily basis. Other fee income is recognised at the point when these fees
become applicable to a specific loan agreement, for example on arrangement or at the point of default.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, has been fully amortised.

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 - 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2017 - 9 ) .

1PLUS1 LOANS LTD (REGISTERED NUMBER: 08387053)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2017
and 31 March 2018 1
AMORTISATION
At 1 April 2017
and 31 March 2018 1
NET BOOK VALUE
At 31 March 2018 -
At 31 March 2017 -

6. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2017 18,873
Additions 2,445
At 31 March 2018 21,318
DEPRECIATION
At 1 April 2017 9,314
Charge for year 3,583
At 31 March 2018 12,897
NET BOOK VALUE
At 31 March 2018 8,421
At 31 March 2017 9,559

7. DEBTORS
2018 2017
£    £   
Amounts falling due within one year:
Amounts receivable from
customers 1,050,315 683,239
Other debtors 54,164 8,629
1,104,479 691,868

Amounts falling due after more than one year:
Amounts receivable from
customers 531,118 328,295
531,118 328,295

Aggregate amounts 1,635,597 1,020,163

1PLUS1 LOANS LTD (REGISTERED NUMBER: 08387053)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 9,708 24,124
Amounts owed to group undertakings 73,948 74,017
Taxation and social security 1,767 1,793
Other creditors 496,730 206,368
582,153 306,302

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Other creditors 1,010,146 613,260

10. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Other creditors 1,176,780 494,565

The majority of other creditors are secured on the amounts receivable from customers.

£200,000 of the other creditors are secured by fixed and floating charges over the total assets of the company,
and by a limited personal guarantee given by the ultimate controlling parties.