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REGISTERED NUMBER: 06566869 (England and Wales)












Financial Statements

for the Year Ended 31st December 2023

for

Owlsworth Ltd

Owlsworth Ltd (Registered number: 06566869)






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Owlsworth Ltd

Company Information
for the Year Ended 31st December 2023







DIRECTORS: R H Blackwell
R M Dukes
J C Spalding
R Casbolt
R Gandy





SECRETARY: R Casbolt





REGISTERED OFFICE: Unit 2
Paddock Road Industrial Estate
Caversham
Reading
Berkshire
RG4 5BY





REGISTERED NUMBER: 06566869 (England and Wales)





ACCOUNTANTS: Buffery & Co Ltd
2 West Street
Henley On Thames
Oxfordshire
RG9 2DU

Owlsworth Ltd (Registered number: 06566869)

Abridged Balance Sheet
31st December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 586,544 638,220
Investments 6 100,006 100,004
686,550 738,224

CURRENT ASSETS
Debtors 175,209 40,341
Cash at bank 121,913 96,605
297,122 136,946
CREDITORS
Amounts falling due within one year 392,826 262,602
NET CURRENT LIABILITIES (95,704 ) (125,656 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

590,846

612,568

CREDITORS
Amounts falling due after more than one
year

(322,656

)

(356,027

)

PROVISIONS FOR LIABILITIES 7 (16,172 ) (21,292 )
NET ASSETS 252,018 235,249

CAPITAL AND RESERVES
Called up share capital 8 25,000 25,000
Revaluation reserve 9 14,693 14,693
Retained earnings 212,325 195,556
SHAREHOLDERS' FUNDS 252,018 235,249

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

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

Owlsworth Ltd (Registered number: 06566869)

Abridged Balance Sheet - continued
31st December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 26th July 2024 and were signed on its behalf by:





R H Blackwell - Director


Owlsworth Ltd (Registered number: 06566869)

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

Owlsworth 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. 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill is the amount paid in connection with the acquisition of a business in 2008.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold Property - 20 years on cost
Fixtures and fittings - 30% on cost
Computer equipment - 30% to 50% on cost

Plant and machinery
- Company vans are depreciated at 25% on cost down to a residual value of £500.
- Other plant is depreciated at 40% to 45% 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Owlsworth Ltd (Registered number: 06566869)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st January 2023
and 31st December 2023 85,000
AMORTISATION
At 1st January 2023
and 31st December 2023 85,000
NET BOOK VALUE

At 31st December 2023 -
At 31st December 2022 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1st January 2023 1,019,464
Additions 27,314
At 31st December 2023 1,046,778
DEPRECIATION
At 1st January 2023 381,244
Charge for year 78,990
At 31st December 2023 460,234
NET BOOK VALUE
At 31st December 2023 586,544
At 31st December 2022 638,220

Cost or valuation at 31st December 2023 is represented by:

Totals
£   
Valuation in 2018 14,693
Cost 1,032,085
1,046,778

Owlsworth Ltd (Registered number: 06566869)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1st January 2023 100,004
Additions 2
At 31st December 2023 100,006
NET BOOK VALUE
At 31st December 2023 100,006
At 31st December 2022 100,004

7. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 16,172 21,292

Deferred
tax
£   
Balance at 1st January 2023 21,292
Provided during year (5,120 )
Balance at 31st December 2023 16,172

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
25,000 Ordinary £1 25,000 25,000

9. RESERVES
Revaluation
reserve
£   
At 1st January 2023
and 31st December 2023 14,693

Owlsworth Ltd (Registered number: 06566869)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2023 and 31st December 2022:

31.12.23 31.12.22
£    £   
R M Dukes
Balance outstanding at start of year - 25,463
Amounts repaid - (25,463 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -