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Company Registration No. 11651913 (England and Wales)
Owino Trading Company Ltd Unaudited accounts for the year ended 31 October 2023
Owino Trading Company Ltd Unaudited accounts Contents
Page
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Owino Trading Company Ltd Company Information for the year ended 31 October 2023
Directors
Elastus Lupampa Muzira Jesca Muzira
Company Number
11651913 (England and Wales)
Registered Office
195 LONDON ROAD LONDON MITCHAM SURREY CR4 2JD ENGLAND
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Owino Trading Company Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
18,075 
23,935 
Current assets
Inventories
29,000 
48,400 
Debtors
44,565 
38,328 
Cash at bank and in hand
56,430 
41,275 
129,995 
128,003 
Creditors: amounts falling due within one year
(205,285)
(221,110)
Net current liabilities
(75,290)
(93,107)
Net liabilities
(57,215)
(69,172)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(57,315)
(69,272)
Shareholders' funds
(57,215)
(69,172)
For the year ending 31 October 2023 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 25 July 2024 and were signed on its behalf by
Elastus Lupampa Muzira Director Company Registration No. 11651913
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Owino Trading Company Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Fixtures & fittings
25%
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2022
15,000 
54,000 
4,300 
73,300 
At 31 October 2023
15,000 
54,000 
4,300 
73,300 
Depreciation
At 1 November 2022
10,254 
36,914 
2,197 
49,365 
Charge for the year
1,187 
4,272 
401 
5,860 
At 31 October 2023
11,441 
41,186 
2,598 
55,225 
Net book value
At 31 October 2023
3,559 
12,814 
1,702 
18,075 
At 31 October 2022
4,746 
17,086 
2,103 
23,935 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
44,565 
31,545 
Other debtors
- 
6,783 
44,565 
38,328 
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Owino Trading Company Ltd Notes to the Accounts for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
59,191 
39,167 
Trade creditors
- 
65,889 
Taxes and social security
2,746 
4,434 
Other creditors
13,135 
- 
Loans from directors
119,947 
105,554 
Accruals
10,266 
6,066 
205,285 
221,110 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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