Candid Owl Limited
FOR THE YEAR ENDED
31 AUGUST 2024
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Candid Owl Limited
Contents
Company Information |
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Profit and Loss Account |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
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Detailed Profit and Loss Account |
Candid Owl Limited
Company Information
Registered Number:
Directors |
Mrs CH Small M Small |
Registered office |
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Accountants |
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Candid Owl Limited
Profit and Loss Account for the Year Ended 31 August 2024
2024 |
2023 |
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Turnover |
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Other income |
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- |
Cost of raw materials and consumables |
( |
( |
Staff costs |
( |
( |
Other charges |
(11,874) |
(21,988) |
Profit before tax |
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Tax on profit |
( |
( |
Profit for the year |
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Candid Owl Limited
(Registration number: 12807894)
Balance Sheet as at 31 August 2024
2024 |
2023 |
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Fixed assets |
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Current assets |
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Creditors: Amounts falling due within one year |
( |
( |
Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
Accruals and deferred income |
( |
( |
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Capital and reserves |
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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'.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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:
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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
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Candid Owl Limited
Detailed Profit and Loss Account for the Year Ended 31 August 2024
2024 |
2023 |
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Turnover |
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Income |
205,808 |
217,963 |
Cost of Sales |
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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 |
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GROSS PROFIT/(LOSS) |
69,439 |
71,313 |
Other Income |
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Bank Interest |
9 |
- |
General Administrative Expenses |
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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 |
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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 |
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Depreciation Costs |
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Equipment |
413 |
516 |
NET PROFIT |
46,298 |
39,341 |