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Registered number: 03806527
Owlvale Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Haines and Company
Chartered Certified Accountants
Rear of 81 High Street
Wallingford
Oxfordshire
OX10 0BX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03806527
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 78,149 84,023
78,149 84,023
CURRENT ASSETS
Debtors 5 20,885 143,513
Cash at bank and in hand 228,751 178,880
249,636 322,393
Creditors: Amounts Falling Due Within One Year 6 (54,755 ) (47,624 )
NET CURRENT ASSETS (LIABILITIES) 194,881 274,769
TOTAL ASSETS LESS CURRENT LIABILITIES 273,030 358,792
NET ASSETS 273,030 358,792
CAPITAL AND RESERVES
Called up share capital 7 220 220
Profit and Loss Account 272,810 358,572
SHAREHOLDERS' FUNDS 273,030 358,792
Page 1
Page 2
For the year ending 31 October 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
Mrs Christina Croft
Director
17th July 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Owlvale Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03806527 . The registered office is Rear Of 81 High Street, Wallingford, Oxfordshire, OX10 0BX.
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:
Freehold 20 years Straight Line basis
Plant & Machinery 25% Straight Line basis
Fixtures & Fittings 33.3% Straight Line basis
Computer Equipment 33.3% Straight Line basis
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 3)
2 3
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 November 2023 133,168 92,020 2,187 10,836 238,211
Additions - 1,900 - - 1,900
As at 31 October 2024 133,168 93,920 2,187 10,836 240,111
Depreciation
As at 1 November 2023 51,693 89,907 2,187 10,401 154,188
Provided during the period 6,796 725 - 253 7,774
As at 31 October 2024 58,489 90,632 2,187 10,654 161,962
Net Book Value
As at 31 October 2024 74,679 3,288 - 182 78,149
As at 1 November 2023 81,475 2,113 - 435 84,023
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,811 136,809
Prepayments and accrued income 2,643 2,643
Other debtors 4,520 161
VAT 6,232 3,900
Other taxes and social security 1,679 -
20,885 143,513
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 9,781 11,020
Other taxes and social security - 1,293
Other creditors 10,084 5,766
Accruals and deferred income 15,187 9,283
Director's loan account 19,703 20,262
54,755 47,624
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Page 5
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 220 220
Page 5