Office Owls Recruitment Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 12195199 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2022

for

Office Owls Recruitment Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Miss C L Golding

REGISTERED OFFICE:

Unit 1

Badminton Court, Station Road

Yate

Bristol

BS37 5HZ

REGISTERED NUMBER:

12195199 (England and Wales)

ACCOUNTANTS:

R A Leslie & Co. LLP

Chartered Accountants

Gowran House

56 Broad Street

Chipping Sodbury

Bristol

BS37 6AG

FIXED ASSETS

Tangible assets

4

-

850

CURRENT ASSETS

Debtors

5

19,184

1,458

Cash at bank

64,513

2,865

83,697

4,323

CREDITORS

Amounts falling due within one year

6

23,620

2,844

NET CURRENT ASSETS

60,077

1,479

TOTAL ASSETS LESS CURRENT LIABILITIES

60,077

2,329

PROVISIONS FOR LIABILITIES

-

162

NET ASSETS

60,077

2,167

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

7

60,076

2,166

60,077

2,167

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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

The financial statements were approved by the director and authorised for issue on 27 November 2022 and were signed by:

Miss C L Golding - Director

1.	STATUTORY INFORMATION

Office Owls Recruitment Limited 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.

Turnover

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

Tangible fixed assets

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

Equipment

-

33% 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 3 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Equipment

£

COST

At 1 August 2021

and 31 July 2022

2,500

DEPRECIATION

At 1 August 2021

1,650

Charge for year

850

At 31 July 2022

2,500

NET BOOK VALUE

At 31 July 2022

-

At 31 July 2021

850

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.22

31.7.21

£

£

Trade debtors

19,184

1,458

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.22

31.7.21

£

£

Trade creditors

439

-

Corporation tax

14,214

346

Social security and other taxes

3,054

-

VAT

5,178

-

Other creditors

436

-

Directors' current accounts

299

2,498

23,620

2,844

7.

RESERVES

Retained

earnings

£

At 1 August 2021

2,166

Profit for the year

59,910

Dividends

(2,000

)

At 31 July 2022

60,076