OWLFOLK LTD


Director	KARI, Anna Kirstine


Registered Address	Unit 3 8, Argall Avenue
	London
	E10 7QE


Registered Number	11259074 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		12,050		16,453
			12,050		16,453
Current assets
Stocks	4	835,240		1,019,882
Debtors	5	883,353		878,883
Cash at bank and on hand		236,164		323,200
		1,954,757		2,221,965
Creditors amounts falling due within one year	6	(153,040)		(408,794)
Net current assets (liabilities)			1,801,717		1,813,171
Total assets less current liabilities			1,813,767		1,829,624
Creditors amounts falling due after one year	7		(117,705)		(166,363)
Net assets			1,696,062		1,663,261
Capital and reserves
Called up share capital			1		1
Profit and loss account			1,696,061		1,663,260
Shareholders' funds			1,696,062		1,663,261

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 23 December 2025, and are signed on its behalf by:

KARI, Anna Kirstine
Director
Registered Company No. 11259074

OWLFOLK LTD

Notes to the Financial Statements
for the year ended 31 March 2025

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 compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Land and buildings	50
	Plant and machinery	3
	Office Equipment	3

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	17		16

3.	Tangible fixed assets

	Land & buildings	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 April 24	6,200	49,690	55,890
Additions	-	3,059	3,059
At 31 March 25	6,200	52,749	58,949
Depreciation and impairment
At 01 April 24	279	39,158	39,437
Charge for year	124	7,338	7,462
At 31 March 25	403	46,496	46,899
Net book value
At 31 March 25	5,797	6,253	12,050
At 31 March 24	5,921	10,532	16,453

4.	Stocks

	2025	2024
	£	£
Finished goods	835,240	1,004,399
Other stocks	-	15,483
Total	835,240	1,019,882

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	839,822	657,951
Prepayments and accrued income	43,531	220,932
Total	883,353	878,883

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	81,422	48,828
Taxation and social security	38,654	221,145
Other creditors	28,138	126,160
Accrued liabilities and deferred income	4,826	12,661
Total	153,040	408,794


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	117,705	166,363
Total	117,705	166,363

8.	Operating lease commitments
	At 31st March 2025, the company had total commitments under non-cancellable operating leases over the remaining life of those leases as detailed below: Not later than 1 year: £90,281 Later than 1 year but not after five years: £77,338

9.	Related party transactions
	As at the 31st March 2025 the Director Loan account was overdrawn with a balance £680,429.