OWETHU SERVICES LIMITED
Statement of financial position
as at 30 September 2024
Tangible assets
1,365
1,664
Cash at bank and in hand
1,528
1,611
Creditors: amounts falling due within one year
(1,259)
(2,282)
Net current assets
17,439
11,824
Profit and loss account
18,804
13,488
Shareholders' funds
18,804
13,488
For the year ending 30 September 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 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 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 24 May 2025 and were signed on its behalf by
LALA MAGAGULA MAVIS
Director
Company Registration No. 12234279
OWETHU SERVICES LIMITED
Notes to the Accounts
for the year ended 30 September 2024
OWETHU SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12234279. The registered office is 111 WATLING GATE 297 - 303 EDGWARE ROAD, COLINDALE, LONDON, NW9 6NB, UNITED KINGDOM.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Reducing Balance
Computer equipment
Reducing Balance
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2023
400
1,630
2,030
At 30 September 2024
400
1,630
2,030
At 1 October 2023
72
294
366
Charge for the year
59
240
299
At 30 September 2024
131
534
665
At 30 September 2024
269
1,096
1,365
At 30 September 2023
328
1,336
1,664
Amounts falling due within one year
Other debtors
17,170
12,495
OWETHU SERVICES LIMITED
Notes to the Accounts
for the year ended 30 September 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,259
2,282
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).