Company Registration No. 11651913 (England and Wales)
Owino Trading Company Ltd
Unaudited accounts
for the year ended 31 October 2021
Owino Trading Company Ltd
Unaudited accounts
Contents
Owino Trading Company Ltd
Company Information
for the year ended 31 October 2021
Directors
Elastus Lupampa Muzira
Jesca Muzira
Company Number
11651913 (England and Wales)
Registered Office
195 LONDON ROAD
LONDON
MITCHAM
SURREY
CR4 2JD
ENGLAND
Owino Trading Company Ltd
Statement of financial position
as at 31 October 2021
Tangible assets
31,246
41,662
Cash at bank and in hand
64,494
89,620
Creditors: amounts falling due within one year
(232,818)
(225,821)
Net current liabilities
(54,025)
(32,689)
Net (liabilities)/assets
(22,779)
8,973
Called up share capital
100
100
Profit and loss account
(22,879)
8,873
Shareholders' funds
(22,779)
8,973
For the year ending 31 October 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2022 and were signed on its behalf by
Elastus Lupampa Muzira
Director
Company Registration No. 11651913
Owino Trading Company Ltd
Notes to the Accounts
for the year ended 31 October 2021
Owino Trading Company Ltd is a private company, limited by shares, registered in England and Wales, registration number 11651913. The registered office is 195 LONDON ROAD, LONDON, MITCHAM, SURREY, CR4 2JD, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2020
15,000
54,000
3,800
72,800
At 31 October 2021
15,000
54,000
3,800
72,800
At 1 November 2020
6,563
23,625
950
31,138
Charge for the year
2,109
7,594
713
10,416
At 31 October 2021
8,672
31,219
1,663
41,554
At 31 October 2021
6,328
22,781
2,137
31,246
At 31 October 2020
8,437
30,375
2,850
41,662
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Debtors: amounts falling due within one year
2021
2020
Trade debtors
11,062
11,245
Other debtors
43,737
40,267
Owino Trading Company Ltd
Notes to the Accounts
for the year ended 31 October 2021
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Creditors: amounts falling due within one year
2021
2020
Taxes and social security
8,750
10,181
Other creditors
49,167
28,881
Loans from directors
157,601
183,160
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 1 (2020: 1).