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REGISTERED NUMBER: 13243901 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Owen Environmental Ltd

Owen Environmental Ltd (Registered number: 13243901)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Owen Environmental Ltd (Registered number: 13243901)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 590,417 105,404

CURRENT ASSETS
Debtors 5 109,613 10,678
Cash at bank and in hand 253,952 160,110
363,565 170,788
CREDITORS
Amounts falling due within one year 6 543,274 122,491
NET CURRENT (LIABILITIES)/ASSETS (179,709 ) 48,297
TOTAL ASSETS LESS CURRENT
LIABILITIES

410,708

153,701

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 410,698 153,691
410,708 153,701

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

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 5 November 2023 and were signed on its behalf by:





Mr G W Owen - Director


Owen Environmental Ltd (Registered number: 13243901)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Owen Environmental Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13243901

Registered office: Penmaenucha Farm
Penmaenpool
Dolgellau
Gwynedd
LL40 1YD

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - NIL ) .

Owen Environmental Ltd (Registered number: 13243901)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 143,287
Additions 681,818
At 31 March 2023 825,105
DEPRECIATION
At 1 April 2022 37,883
Charge for year 196,805
At 31 March 2023 234,688
NET BOOK VALUE
At 31 March 2023 590,417
At 31 March 2022 105,404

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 33,217 5,208
Amounts owed by group undertakings 52,261 5,470
Other debtors 24,135 -
109,613 10,678

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 8,362 295
Hire purchase contracts 404,995 91,005
Trade creditors 78,757 15,675
Amounts owed to group undertakings 23,002 -
Taxation and social security - 14,016
Other creditors 28,158 1,500
543,274 122,491