Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 07167100 Mr Nathan Owens iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07167100 2023-02-28 07167100 2024-02-29 07167100 2023-03-01 2024-02-29 07167100 frs-core:CurrentFinancialInstruments 2024-02-29 07167100 frs-core:ComputerEquipment 2024-02-29 07167100 frs-core:ComputerEquipment 2023-03-01 2024-02-29 07167100 frs-core:ComputerEquipment 2023-02-28 07167100 frs-core:FurnitureFittings 2024-02-29 07167100 frs-core:FurnitureFittings 2023-03-01 2024-02-29 07167100 frs-core:FurnitureFittings 2023-02-28 07167100 frs-core:MotorVehicles 2024-02-29 07167100 frs-core:MotorVehicles 2023-03-01 2024-02-29 07167100 frs-core:MotorVehicles 2023-02-28 07167100 frs-core:ShareCapital 2024-02-29 07167100 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 07167100 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 07167100 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 07167100 frs-bus:SmallEntities 2023-03-01 2024-02-29 07167100 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 07167100 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 07167100 frs-bus:Director1 2023-03-01 2024-02-29 07167100 frs-countries:EnglandWales 2023-03-01 2024-02-29 07167100 2022-02-28 07167100 2023-02-28 07167100 2022-03-01 2023-02-28 07167100 frs-core:CurrentFinancialInstruments 2023-02-28 07167100 frs-core:ShareCapital 2023-02-28 07167100 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 07167100
OWENS BUSINESS SOLUTIONS LIMITED
Financial Statements
For The Year Ended 29 February 2024
My Accountant Friend
50 St Marys Road
Hemel Hempstead
Herts
HP2 5HL
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07167100
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 590 3,140
590 3,140
CURRENT ASSETS
Debtors 5 6,828 6,828
Cash at bank and in hand 223,946 225,505
230,774 232,333
Creditors: Amounts Falling Due Within One Year 6 (1,917 ) (1,872 )
NET CURRENT ASSETS (LIABILITIES) 228,857 230,461
TOTAL ASSETS LESS CURRENT LIABILITIES 229,447 233,601
NET ASSETS 229,447 233,601
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 229,347 233,501
SHAREHOLDERS' FUNDS 229,447 233,601
Page 1
Page 2
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Nathan Owens
Director
08/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
OWENS BUSINESS SOLUTIONS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 07167100 . The registered office is 15 Woodlands Park, Guildford, GU1 2TH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles Straight Line
Fixtures & Fittings Straight Line
Computer Equipment Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: )
2 -
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 10,498 461 2,408 13,367
As at 29 February 2024 10,498 461 2,408 13,367
Depreciation
As at 1 March 2023 7,808 461 1,958 10,227
Provided during the period 2,100 - 450 2,550
As at 29 February 2024 9,908 461 2,408 12,777
Net Book Value
As at 29 February 2024 590 - - 590
As at 1 March 2023 2,690 - 450 3,140
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,000 6,000
VAT 108 108
Other taxes and social security 720 720
6,828 6,828
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Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (1 ) -
Accruals and deferred income 1,872 1,872
Director's loan account 46 -
1,917 1,872
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4