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REGISTERED NUMBER: SC674703 (Scotland)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Owen Sails Ltd

Owen Sails Ltd (Registered number: SC674703)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Balance Sheet 1


Owen Sails Ltd (Registered number: SC674703)

Balance Sheet
31 August 2024

31.8.24 31.8.23
£    £    £    £   
FIXED ASSETS 237,084 193,152

CURRENT ASSETS 123,875 157,025

CREDITORS
Amounts falling due within one year (172,420 ) (131,706 )
NET CURRENT (LIABILITIES)/ASSETS (48,545 ) 25,319
TOTAL ASSETS LESS CURRENT
LIABILITIES

188,539

218,471

CREDITORS
Amounts falling due after more than
one year

16,908

22,544
NET ASSETS 171,631 195,927

CAPITAL AND RESERVES 171,631 195,927

NOTES TO THE FINANCIAL STATEMENTS

1. STATUTORY INFORMATION

Owen Sails Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC674703

Registered office: Unit 1 Accountants Plus
82 Muir Street
Hamilton
ML3 6BJ

2. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 13 (2023 - 12 ) .

Owen Sails Ltd (Registered number: SC674703)

Balance Sheet - continued
31 August 2024

NOTES TO THE FINANCIAL STATEMENTS

3. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Interest free loan with no fixed repayment terms to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
J Grant
Balance outstanding at start of year (33,081 ) (32,832 )
Amounts advanced 2,173 -
Amounts repaid - (249 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (30,908 ) (33,081 )

B P Miller
Balance outstanding at start of year (24,364 ) (36,475 )
Amounts advanced 3,943 12,111
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (20,421 ) (24,364 )



The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

Owen Sails Ltd (Registered number: SC674703)

Balance Sheet - continued
31 August 2024


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

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:




J Grant - Director



B P Miller - Director