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Candid Owl Limited



Financial Statements

FOR THE YEAR ENDED

31 AUGUST 2024

 

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Candid Owl Limited

Contents

Company Information

1

Profit and Loss Account

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

3

Detailed Profit and Loss Account

5

 

Candid Owl Limited

Company Information

Registered Number: 12807894

Directors

Mrs CH Small

M Small

Registered office

190 Walkwood Road
Redditch
B97 5NX

Accountants

Chamberlains (Accountancy & Taxation) Limited
Ground Floor
5 The Pavilions
Cranmore Drive, Shirley
Solihull
B90 4SB

 

Candid Owl Limited

Profit and Loss Account for the Year Ended 31 August 2024

2024
£

2023
£

Turnover

205,808

217,963

Other income

9

-

Cost of raw materials and consumables

(136,369)

(146,650)

Staff costs

(11,276)

(9,984)

Other charges

(11,874)

(21,988)

Profit before tax

46,298

39,341

Tax on profit

(8,875)

(7,573)

Profit for the year

37,423

31,768

 

Candid Owl Limited

(Registration number: 12807894)
Balance Sheet as at 31 August 2024

2024
£

2023
£

Fixed assets

1,651

2,064

Current assets

32,210

28,617

Creditors: Amounts falling due within one year

(21,950)

(23,179)

Net current assets

10,260

5,438

Total assets less current liabilities

11,911

7,502

Creditors: Amounts falling due after more than one year

(9,555)

(3,950)

Accruals and deferred income

(1,850)

(1,468)

 

506

2,084

Capital and reserves

506

2,084

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
190 Walkwood Road
Redditch
B97 5NX

These financial statements were authorised for issue by the Board on 3 December 2024.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Candid Owl Limited

(Registration number: 12807894)
Balance Sheet as at 31 August 2024

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 3 December 2024 and signed on its behalf by:
 

.........................................
Mrs CH Small
Director

 

Candid Owl Limited

Detailed Profit and Loss Account for the Year Ended 31 August 2024

2024
£

2023
£

Turnover

Income

205,808

217,963

Cost of Sales

Materials and Production Costs

76,656

78,959

Postage and Carriage

24,074

23,460

Sales Commissions

33,393

38,488

Other Direct Costs

2,246

5,743

136,369

146,650

GROSS PROFIT/(LOSS)

69,439

71,313

Other Income

Bank Interest

9

-

General Administrative Expenses

Wages and Employers Costs

264

84

Directors Remuneration

11,012

9,900

Rent and Storage

2,900

10,953

Heat and Light

-

613

Business Use of Home

520

520

Property Repairs and Maintenance

-

140

Equipment Repairs and Maintenance

-

35

Telephone and Internet

317

699

Computer and Website Costs

1,151

901

Sundry Expenses

289

828

Travelling Expenses

108

343

Advertising and Promotion

1,774

2,941

Accountancy Charges

1,300

1,200

19,635

29,157

Finance charges

Bank Charges and Interest

102

104

Credit Card Interest

823

822

HMRC Interest

80

260

Bank Loan Interest

13

135

Paypal Loan Fees

2,084

978

3,102

2,299

Depreciation Costs

Equipment

413

516

NET PROFIT

46,298

39,341