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REGISTERED NUMBER: 03960996 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 MARCH 2023

FOR

FIVE-OWLS (TECHNOLOGY) LIMITED

FIVE-OWLS (TECHNOLOGY) LIMITED (REGISTERED NUMBER: 03960996)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 28 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FIVE-OWLS (TECHNOLOGY) LIMITED

COMPANY INFORMATION
for the year ended 28 March 2023







DIRECTORS: W Carey
M Carey





SECRETARY: M Carey





REGISTERED OFFICE: Preston Park House
South Road
Brighton
East Sussex
BN1 6SB





REGISTERED NUMBER: 03960996 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

FIVE-OWLS (TECHNOLOGY) LIMITED (REGISTERED NUMBER: 03960996)

BALANCE SHEET
28 March 2023

28.3.23 28.3.22
Notes £    £   
CURRENT ASSETS
Debtors 6 128,697 69,633
Cash at bank 164,440 178,543
293,137 248,176
CREDITORS
Amounts falling due within one year 7 (27,225 ) (25,155 )
NET CURRENT ASSETS 265,912 223,021
TOTAL ASSETS LESS CURRENT
LIABILITIES

265,912

223,021

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 265,812 222,921
SHAREHOLDERS' FUNDS 265,912 223,021

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 March 2023 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 12 March 2024 and were signed on its behalf by:





W Carey - Director


FIVE-OWLS (TECHNOLOGY) LIMITED (REGISTERED NUMBER: 03960996)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 28 March 2023

1. STATUTORY INFORMATION

Five-Owls (Technology) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable net of VAT and trade discounts, and is recognised as follows:

Revenue from the sale of services is recognised at the point of sale.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Tangible fixed assets are stated at cost, or deemed cost, [or valuation] less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery-10 years on cost

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.


FIVE-OWLS (TECHNOLOGY) LIMITED (REGISTERED NUMBER: 03960996)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 March 2023

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - NIL ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 29 March 2022
and 28 March 2023 2,350
AMORTISATION
At 29 March 2022
and 28 March 2023 2,350
NET BOOK VALUE
At 28 March 2023 -
At 28 March 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 29 March 2022
and 28 March 2023 25,238
DEPRECIATION
At 29 March 2022
and 28 March 2023 25,238
NET BOOK VALUE
At 28 March 2023 -
At 28 March 2022 -

FIVE-OWLS (TECHNOLOGY) LIMITED (REGISTERED NUMBER: 03960996)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.3.23 28.3.22
£    £   
Trade debtors 75,528 67,059
Other debtors 53,169 2,574
128,697 69,633

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.3.23 28.3.22
£    £   
Taxation and social security 3,069 11,357
Other creditors 24,156 13,798
27,225 25,155

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.3.23 28.3.22
value: £    £   
100 Ordinary £1 100 100