Ozzell Bowl Limited


Director	Nicholas John Horder


Registered Address	St Denys House
	22 East Hill
	St Austell
	PL25 4TR


Registered Number	13714267 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		90,000		-
Tangible assets	4		459,622		1,036
			549,622		1,036
Current assets
Stocks	5	6,171		5,550
Debtors	6	6,200		1,785
Cash at bank and on hand		299,908		390,563
		312,279		397,898
Creditors amounts falling due within one year	7	(418,716)		(354,827)
Net current assets (liabilities)			(106,437)		43,071
Total assets less current liabilities			443,185		44,107
Creditors amounts falling due after one year	8		(240,237)		-
Net assets			202,948		44,107
Capital and reserves
Called up share capital			2		2
Profit and loss account			202,946		44,105
Shareholders' funds			202,948		44,107

The company was entitled to exemption from audit for this reporting period 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 9 April 2025, and are signed on its behalf by:

Nicholas John Horder
Director
Registered Company No. 13714267

Ozzell Bowl Limited

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


	Reducing balance (%)	Straight line (years)
Plant and machinery	25	-
Office Equipment	-	25

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	6		6

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
Additions	100,000	100,000
At 31 December 24	100,000	100,000
Amortisation and impairment
Charge for year	10,000	10,000
At 31 December 24	10,000	10,000
Net book value
At 31 December 24	90,000	90,000
At 31 December 23	-	-

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 January 24	-	-	1,058	1,058
Additions	414,548	57,558	-	472,106
At 31 December 24	414,548	57,558	1,058	473,164
Depreciation and impairment
At 01 January 24	-	-	22	22
Charge for year	-	13,256	264	13,520
At 31 December 24	-	13,256	286	13,542
Net book value
At 31 December 24	414,548	44,302	772	459,622
At 31 December 23	-	-	1,036	1,036

5.	Stocks

	2024	2023
	£	£
Raw materials and consumables	6,171	5,550
Total	6,171	5,550

6.	Debtors: amounts due within one year

	2024	2023
	£	£
Prepayments and accrued income	6,200	1,785
Total	6,200	1,785

7.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	9,787	7,522
Bank borrowings and overdrafts	28,988	-
Taxation and social security	58,385	27,350
Other creditors	318,992	316,715
Accrued liabilities and deferred income	2,564	3,240
Total	418,716	354,827

8.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	240,237	-
Total	240,237	-

9.	Directors advances, credits and guarantees
	As at 31 December 2024, there was a balance due to the director from the company of £318,992 (2023: £316,715).