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REGISTERED NUMBER: 08387053 (England and Wales)












Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

1PLUS1 LOANS LTD

1PLUS1 LOANS LTD (REGISTERED NUMBER: 08387053)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2016




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 2016







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 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 12,181 15,093
12,181 15,093

CURRENT ASSETS
Debtors 4 639,686 792,427
Cash at bank 144,083 133,653
783,769 926,080
CREDITORS
Amounts falling due within one year 433,879 451,153
NET CURRENT ASSETS 349,890 474,927
TOTAL ASSETS LESS CURRENT
LIABILITIES

362,071

490,020

CAPITAL AND RESERVES
Called up share capital 5 8 8
Share premium - 471,103
Profit and loss account 362,063 18,909
SHAREHOLDERS' FUNDS 362,071 490,020

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 17 November 2016 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 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 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 2015
and 31 March 2016 1
AMORTISATION
At 1 April 2015
and 31 March 2016 1
NET BOOK VALUE

At 31 March 2016 -
At 31 March 2015 -

1PLUS1 LOANS LTD (REGISTERED NUMBER: 08387053)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 17,255
Additions 658
At 31 March 2016 17,913
DEPRECIATION
At 1 April 2015 2,162
Charge for year 3,570
At 31 March 2016 5,732
NET BOOK VALUE
At 31 March 2016 12,181
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 £ 208,496 (2015 - £ 249,381 )

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
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.