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REGISTERED NUMBER: 08948324 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

M&K OWEN LTD

M&K OWEN LTD (REGISTERED NUMBER: 08948324)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M&K OWEN LTD

Company Information
for the year ended 31 March 2023







DIRECTORS: M G A Owen
Mrs K Owen





REGISTERED OFFICE: The Mill House
31 Church Street
Ickleton
Cambridgeshire
CB10 1SL





REGISTERED NUMBER: 08948324 (England and Wales)





ACCOUNTANTS: Neuhoff & Co
Chartered Accountants
Claydons Barns
11 Towcester Road
Whittlebury
Northamptonshire
NN12 8XU

M&K OWEN LTD (REGISTERED NUMBER: 08948324)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 38,862 32,650

CURRENT ASSETS
Debtors 5 22,146 6,224
Cash at bank 97,886 87,259
120,032 93,483
CREDITORS
Amounts falling due within one year 6 (73,176 ) (86,191 )
NET CURRENT ASSETS 46,856 7,292
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,718

39,942

PROVISIONS FOR LIABILITIES (6,992 ) (5,726 )
NET ASSETS 78,726 34,216

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 78,724 34,214
SHAREHOLDERS' FUNDS 78,726 34,216

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.

M&K OWEN LTD (REGISTERED NUMBER: 08948324)

Balance Sheet - continued
31 March 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by:





M G A Owen - Director


M&K OWEN LTD (REGISTERED NUMBER: 08948324)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

M&K Owen Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of services inclusive of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and at varying rates on cost

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, loans to related third parties and investments in non-puttable ordinary shares.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

M&K OWEN LTD (REGISTERED NUMBER: 08948324)

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 65,767
Additions 13,025
At 31 March 2023 78,792
DEPRECIATION
At 1 April 2022 33,117
Charge for year 6,813
At 31 March 2023 39,930
NET BOOK VALUE
At 31 March 2023 38,862
At 31 March 2022 32,650

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 22,146 6,224

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 262 -
Taxation and social security 26,850 21,378
Other creditors 46,064 64,813
73,176 86,191