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Company Registration No. 01094424 (England and Wales)
Owl Bookshop Limited Unaudited accounts for the year ended 28 February 2025
Owl Bookshop Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Owl Bookshop Limited Company Information for the year ended 28 February 2025
Directors
John Innes Argo Robert Keith Moncrieff
Company Number
01094424 (England and Wales)
Registered Office
20 Wenlock Road London N1 7GU England
Accountants
Oak Team Associates Limited Clyde Offices 48 West George Street Glasgow G2 1BP
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Owl Bookshop Limited Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
389,798
397,138
Current assets
Inventories
90,370
176,362
Debtors
5
-
12,131
Cash at bank and in hand
35,048
37,091
125,418
225,584
Creditors: amounts falling due within one year
6
(88,213)
(166,224)
Net current assets
37,205
59,360
Total assets less current liabilities
427,003
456,498
Creditors: amounts falling due after more than one year
7
(160,000)
-
Net assets
267,003
456,498
Capital and reserves
Called up share capital
1,000
1,000
Revaluation reserve
8,578
8,578
Profit and loss account
257,425
446,920
Shareholders' funds
267,003
456,498
For the year ending 28 February 2025 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 directors acknowledge 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 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 of Directors and authorised for issue on 27 September 2025 and were signed on its behalf by
John Innes Argo Director Company Registration No. 01094424
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Owl Bookshop Limited Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Owl Bookshop Limited is a private company, limited by shares, registered in England and Wales, registration number 01094424. The registered office is 20 Wenlock Road, London, N1 7GU, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Land & buildings
No depreciation
Plant & machinery
25% per annum on a reducing balance basis
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 March 2024
385,826
214,612
600,438
Additions
265
2,120
2,385
Disposals
(5,826)
(17,750)
(23,576)
At 28 February 2025
380,265
198,982
579,247
Depreciation
At 1 March 2024
5,825
197,475
203,300
On disposals
(5,825)
(8,026)
(13,851)
At 28 February 2025
-
189,449
189,449
Net book value
At 28 February 2025
380,265
9,533
389,798
At 29 February 2024
380,001
17,137
397,138
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Owl Bookshop Limited Notes to the Accounts for the year ended 28 February 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
-
4,937
Other debtors
-
7,194
-
12,131
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
5,424
-
Trade creditors
37,841
49,972
Taxes and social security
7,381
49,833
Other creditors
25,567
64,407
Loans from directors
12,000
-
Deferred income
-
2,012
88,213
166,224
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
160,000
-
8
Average number of employees
During the year the average number of employees was 20 (2024: 40).
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