Acorah Software Products - Accounts Production 16.1.300 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 07348039 J Owles iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07348039 2023-02-28 07348039 2024-02-29 07348039 2023-03-01 2024-02-29 07348039 frs-core:CurrentFinancialInstruments 2024-02-29 07348039 frs-core:ComputerEquipment 2024-02-29 07348039 frs-core:ComputerEquipment 2023-03-01 2024-02-29 07348039 frs-core:ComputerEquipment 2023-02-28 07348039 frs-core:ShareCapital 2024-02-29 07348039 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 07348039 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 07348039 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 07348039 frs-bus:SmallEntities 2023-03-01 2024-02-29 07348039 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 07348039 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 07348039 frs-bus:Director1 2023-03-01 2024-02-29 07348039 frs-countries:EnglandWales 2023-03-01 2024-02-29 07348039 2022-02-28 07348039 2023-02-28 07348039 2022-03-01 2023-02-28 07348039 frs-core:CurrentFinancialInstruments 2023-02-28 07348039 frs-core:ShareCapital 2023-02-28 07348039 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 07348039
Two Owles Company Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
GLX Advisory Limited
Chartered Accountants
69-75 Thorpe Road
Norwich
NR1 1UA
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Director J Owles
Company Number 07348039
Registered Office Gerrins Farmhouse
Swargate Lane
Seething
Norfolk
NR15 1EH
Accountants GLX Advisory Limited
Chartered Accountants
69-75 Thorpe Road
Norwich
NR1 1UA
Page 1
Page 2
Balance Sheet
Registered number: 07348039
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 262 524
262 524
CURRENT ASSETS
Debtors 5 39,145 33,858
Cash at bank and in hand 396 -
39,541 33,858
Creditors: Amounts Falling Due Within One Year 6 (28,883 ) (31,794 )
NET CURRENT ASSETS (LIABILITIES) 10,658 2,064
TOTAL ASSETS LESS CURRENT LIABILITIES 10,920 2,588
NET ASSETS 10,920 2,588
CAPITAL AND RESERVES
Called up share capital 7 99 99
Profit and Loss Account 10,821 2,489
SHAREHOLDERS' FUNDS 10,920 2,588
Page 2
Page 3
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 her 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
J Owles
Director
27/01/2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Two Owles Company Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07348039 . The registered office is Gerrins Farmhouse , Swargate Lane, Seething, Norfolk, NR15 1EH.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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:
Computer Equipment 25% straight line
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3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 March 2023 2,815
As at 29 February 2024 2,815
Depreciation
As at 1 March 2023 2,291
Provided during the period 262
As at 29 February 2024 2,553
Net Book Value
As at 29 February 2024 262
As at 1 March 2023 524
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 39,145 33,858
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,701 701
Bank loans and overdrafts - 14,494
Other creditors 1,178 1,550
Taxation and social security 26,004 15,049
28,883 31,794
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 99 99
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8. Related Party Transactions
Included within other debtors is £29,267 (2023: £26,847) owing from the director of the company. The loan is unsecured, repayable on demand and interest is charged at 2.25%.
Page 6