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Company Registration No. 6538046 (England and Wales)
OWOBI LTD Unaudited accounts for the year ended 31 March 2024
OWOBI LTD Unaudited accounts Contents
Page
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OWOBI LTD Company Information for the year ended 31 March 2024
Director
JOHN OBE AME
Company Number
6538046 (England and Wales)
Registered Office
31 HILLINGDON HILL CHINGFORD UXBRIDGE MIDDLESEX UB10 0JF
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OWOBI LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
1,080 
- 
Cash at bank and in hand
5 
- 
1,085 
- 
Creditors: amounts falling due within one year
(49,374)
(87,384)
Net current liabilities
(48,289)
(87,384)
Total assets less current liabilities
(48,289)
(87,384)
Creditors: amounts falling due after more than one year
(140,000)
(100,000)
Net liabilities
(188,289)
(187,384)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(188,290)
(187,385)
Shareholders' funds
(188,289)
(187,384)
For the year ending 31 March 2024 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 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 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 and authorised for issue on 25 November 2024 and were signed on its behalf by
JOHN OBE AME Director Company Registration No. 6538046
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OWOBI LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
OWOBI LTD is a private company, limited by shares, registered in England and Wales, registration number 6538046. The registered office is 31 HILLINGDON HILL, CHINGFORD, UXBRIDGE, MIDDLESEX, UB10 0JF.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on cost
Motor vehicles
20% on cost
Fixtures & fittings
10% on cost
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
246,806 
15,612 
3,287 
265,705 
At 31 March 2024
246,806 
15,612 
3,287 
265,705 
Depreciation
At 1 April 2023
246,806 
15,612 
3,287 
265,705 
At 31 March 2024
246,806 
15,612 
3,287 
265,705 
Net book value
At 31 March 2024
- 
- 
- 
- 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
1,080 
- 
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OWOBI LTD Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
654 
534 
Other creditors
28,000 
54,850 
Loans from directors
20,000 
30,000 
Accruals
720 
2,000 
49,374 
87,384 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
140,000 
100,000 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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