Registration number:
Owl Electrical & Security Limited
for the
Year Ended 30 April 2025
Owl Electrical & Security Limited
Contents
Company Information |
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Director's Report |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Owl Electrical & Security Limited
Company Information
Director |
Mr Noel Ward |
Registered office |
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Accountants |
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Owl Electrical & Security Limited
Director's Report
for the
Year Ended 30 April 2025
The director presents his report and the financial statements for the year ended 30 April 2025.
Director of the company
The director who held office during the year was as follows:
Principal activity
The principal activity of the company is security & electrical services.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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Owl Electrical & Security Limited
(Registration number:
06225702
)
Balance Sheet
as at
30 April 2025
Note |
2025 |
2024 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
2 |
2 |
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Retained earnings |
50,412 |
54,373 |
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Shareholders' funds |
50,414 |
54,375 |
For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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The director acknowledges his 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
Owl Electrical & Security Limited
(Registration number:
06225702
)
Balance Sheet
as at
30 April 2025
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Owl Electrical & Security Limited
Notes to the Unaudited Financial Statements
for the
Year Ended 30 April 2025
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Owl Electrical & Security Limited
Notes to the Unaudited Financial Statements
for the
Year Ended 30 April 2025
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Improvements to property |
15% on reducing balance |
Tools and equipment |
15% on reducing balance |
Motor vehicles |
25% on reducing balance |
Office equipment |
15% on reducing balance |
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Owl Electrical & Security Limited
Notes to the Unaudited Financial Statements
for the
Year Ended 30 April 2025
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Owl Electrical & Security Limited
Notes to the Unaudited Financial Statements
for the
Year Ended 30 April 2025
Tangible assets |
Improvements to property |
Tools and equipment |
Office equipment |
Motor vehicles |
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Cost or valuation |
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At 1 May 2024 |
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At 30 April 2025 |
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Depreciation |
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At 1 May 2024 |
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Charge for the year |
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At 30 April 2025 |
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Carrying amount |
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At 30 April 2025 |
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At 30 April 2024 |
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Total |
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Cost or valuation |
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At 1 May 2024 |
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At 30 April 2025 |
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Depreciation |
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At 1 May 2024 |
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Charge for the year |
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At 30 April 2025 |
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Carrying amount |
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At 30 April 2025 |
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At 30 April 2024 |
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Owl Electrical & Security Limited
Notes to the Unaudited Financial Statements
for the
Year Ended 30 April 2025
Stocks |
2025 |
2024 |
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Work in progress |
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Other inventories |
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Debtors |
Current |
2025 |
2024 |
Trade debtors |
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Creditors |
Creditors: amounts falling due within one year
Note |
2025 |
2024 |
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Due within one year |
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Loans and borrowings |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
2025 |
2024 |
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No. |
£ |
No. |
£ |
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2 |
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2 |
Owl Electrical & Security Limited
Notes to the Unaudited Financial Statements
for the
Year Ended 30 April 2025
Loans and borrowings |
2025 |
2024 |
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Current loans and borrowings |
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Other borrowings |
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