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
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
Owino Trading Company Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
18,075
23,935
Cash at bank and in hand
56,430
41,275
Creditors: amounts falling due within one year
(205,285)
(221,110)
Net current liabilities
(75,290)
(93,107)
Net liabilities
(57,215)
(69,172)
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
Owino Trading Company Ltd
Notes to the Accounts
for the year ended 31 October 2023
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 2022
15,000
54,000
4,300
73,300
At 31 October 2023
15,000
54,000
4,300
73,300
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
At 31 October 2023
3,559
12,814
1,702
18,075
At 31 October 2022
4,746
17,086
2,103
23,935
Amounts falling due within one year
Trade debtors
44,565
31,545
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
Taxes and social security
2,746
4,434
Loans from directors
119,947
105,554
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 (2022: 1).