IRIS Accounts Production Software 08387053 1.4.14 31.3.15 31.3.15 Company accounts Private Limited Company FY true false true false true false true false Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure 08387053 2014-03-31 08387053 2015-03-31 08387053 2014-04-01 2015-03-31 08387053 2013-02-03 08387053 2013-02-04 2014-03-31 08387053 2014-03-31 08387053 ns12:England 2014-04-01 2015-03-31 08387053 ns14:PoundSterling 2014-04-01 2015-03-31 08387053 ns7:Director1 2014-04-01 2015-03-31 08387053 ns7:OrdinaryShareClass1 2014-04-01 2015-03-31 08387053 ns7:Director2 2014-04-01 2015-03-31 08387053 ns7:RegisteredOffice 2014-04-01 2015-03-31 08387053 ns7:EntityAccountantsOrAuditors 2014-04-01 2015-03-31 08387053 ns5:NetGoodwill 2014-04-01 2015-03-31 08387053 ns5:PlantMachinery 2014-04-01 2015-03-31 08387053 ns7:OrdinaryShareClass1 2015-03-31 08387053 ns7:OrdinaryShareClass1 2014-03-31
REGISTERED NUMBER: 08387053 (England and Wales)












Abbreviated Unaudited Accounts

for the Year Ended 31 March 2015

for

1PLUS1 LOANS LTD

1PLUS1 LOANS LTD (REGISTERED NUMBER: 08387053)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

1PLUS1 LOANS LTD

Company Information
for the Year Ended 31 March 2015







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)

Abbreviated Balance Sheet
31 March 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 15,093 -
15,093 -

CURRENT ASSETS
Debtors 4 792,427 851,440
Cash at bank 133,653 91,028
926,080 942,468
CREDITORS
Amounts falling due within one year 451,153 459,409
NET CURRENT ASSETS 474,927 483,059
TOTAL ASSETS LESS CURRENT
LIABILITIES

490,020

483,059

CAPITAL AND RESERVES
Called up share capital 5 8 8
Share premium 471,103 471,103
Profit and loss account 18,909 11,948
SHAREHOLDERS' FUNDS 490,020 483,059

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 October 2015 and were signed on its behalf by:





G P McKenna - Director


1PLUS1 LOANS LTD (REGISTERED NUMBER: 08387053)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2015

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 April 2008).

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 on 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

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

Revenue based grants
Revenue based grants are recognised in the profit and loss account in the same period as the expenditure to
which the grant relates.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014
and 31 March 2015 1
AMORTISATION
At 1 April 2014
and 31 March 2015 1
NET BOOK VALUE

At 31 March 2015 -
At 31 March 2014 -

1PLUS1 LOANS LTD (REGISTERED NUMBER: 08387053)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
Additions 17,305
Disposals (50 )
At 31 March 2015 17,255
DEPRECIATION
Charge for year 2,165
Eliminated on disposal (3 )
At 31 March 2015 2,162
NET BOOK VALUE
At 31 March 2015 15,093

4. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 249,381 (2014 - £ 241,847 )

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
8 Ordinary £1 8 8

6. ULTIMATE PARENT COMPANY

1plus1 Loans (Holdings) Limited is regarded by the directors as being the company's ultimate parent company.