REGISTERED NUMBER: 06566869 (England and Wales)

Financial Statements

for the Year Ended 31st December 2024

for

Owlsworth Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R H Blackwell

R M Dukes

J C Spalding

R Casbolt

R Gandy

SECRETARY:

R Casbolt

REGISTERED OFFICE:

Unit 2

Paddock Road Industrial Estate

Caversham

Reading

Berkshire

RG4 5BY

REGISTERED NUMBER:

06566869 (England and Wales)

ACCOUNTANTS:

Buffery & Co Ltd

Chiltern House

45 Station Rd

Henley On Thames

Oxfordshire

RG9 1AT

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

585,849

586,544

Investments

6

100,006

100,006

685,855

686,550

CURRENT ASSETS

Debtors

148,681

177,889

Cash at bank

53,032

121,913

201,713

299,802

CREDITORS

Amounts falling due within one year

508,254

395,506

NET CURRENT LIABILITIES

(306,541

)

(95,704

)

TOTAL ASSETS LESS CURRENT LIABILITIES

379,314

590,846

CREDITORS

Amounts falling due after more than one year

7

(281,603

)

(322,656

)

PROVISIONS FOR LIABILITIES

8

(33,012

)

(16,172

)

NET ASSETS

64,699

252,018

CAPITAL AND RESERVES

Called up share capital

9

25,000

25,000

Revaluation reserve

10

14,693

14,693

Retained earnings

25,006

212,325

SHAREHOLDERS' FUNDS

64,699

252,018

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th September 2025 and were signed on its behalf by:

R H Blackwell - Director

1.	STATUTORY INFORMATION

Owlsworth Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill is the amount paid in connection with the acquisition of a business in 2008.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold Property - 20 years on cost

Fixtures and fittings - 33.33% on cost

Computer equipment - 33.33% on cost

Plant and machinery

- Company vans are depreciated at 20-25% on cost down to a residual value of £500.

- Other plant is depreciated at 20% on cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1st January 2024

and 31st December 2024

85,000

AMORTISATION

At 1st January 2024

and 31st December 2024

85,000

NET BOOK VALUE

At 31st December 2024

-

At 31st December 2023

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1st January 2024

1,046,778

Additions

91,827

Disposals

(28,995

)

At 31st December 2024

1,109,610

DEPRECIATION

At 1st January 2024

460,234

Charge for year

85,563

Eliminated on disposal

(22,036

)

At 31st December 2024

523,761

NET BOOK VALUE

At 31st December 2024

585,849

At 31st December 2023

586,544

Cost or valuation at 31st December 2024 is represented by:

Totals

£

Valuation in 2018

14,693

Cost

1,094,917

1,109,610

Included within Fixed Assets are assets held under hire purchase agreements with a net book value of £112,520 (2023: £91,024).

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1st January 2024

and 31st December 2024

100,006

NET BOOK VALUE

At 31st December 2024

100,006

At 31st December 2023

100,006

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31.12.24

31.12.23

£

£

Repayable by instalments

Other loans more 5yrs

133,105

-

8.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

33,012

16,172

Deferred

tax

£

Balance at 1st January 2024

16,172

Provided during year

16,840

Balance at 31st December 2024

33,012

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

25,000

Ordinary

£1

25,000

25,000

10.

RESERVES

Revaluation

reserve

£

At 1st January 2024

and 31st December 2024

14,693