Company Registration No. 6538046 (England and Wales)
OWOBI LTD
Unaudited accounts
for the year ended 31 March 2024
OWOBI LTD
Unaudited accounts
Contents
OWOBI LTD
Company Information
for the year ended 31 March 2024
Company Number
6538046 (England and Wales)
Registered Office
31 HILLINGDON HILL
CHINGFORD
UXBRIDGE
MIDDLESEX
UB10 0JF
OWOBI LTD
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
5
-
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)
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
OWOBI LTD
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
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
At 1 April 2023
246,806
15,612
3,287
265,705
At 31 March 2024
246,806
15,612
3,287
265,705
Amounts falling due within one year
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
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
140,000
100,000
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).