Company Registration No. 5092252 (England and Wales)
E Owen & Son Limited
Unaudited accounts
for the year ended 31 March 2023
E Owen & Son Limited
Unaudited accounts
Contents
E Owen & Son Limited
Company Information
for the year ended 31 March 2023
Company Number
5092252 (England and Wales)
Registered Office
2 THE SHAMBLES, HIGH STREET
GUILDFORD
SURREY
GU1 3EX
Accountants
Susan Appleton Accountancy Ltd
2 Carters Way
Wisborough Green
Billingshurst
West Sussex
RH14 0BY
E Owen & Son Limited
Statement of financial position
as at 31 March 2023
Tangible assets
6,178
7,156
Cash at bank and in hand
81,809
70,418
Creditors: amounts falling due within one year
(100,529)
(103,304)
Net current assets
21,286
2,468
Total assets less current liabilities
27,464
9,624
Creditors: amounts falling due after more than one year
(22,097)
-
Provisions for liabilities
Deferred tax
(1,174)
(1,360)
Called up share capital
100
100
Profit and loss account
4,093
8,164
Shareholders' funds
4,193
8,264
For the year ending 31 March 2023 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 20 December 2023 and were signed on its behalf by
M Owen
Director
Company Registration No. 5092252
E Owen & Son Limited
Notes to the Accounts
for the year ended 31 March 2023
E Owen & Son Limited is a private company, limited by shares, registered in England and Wales, registration number 5092252. The registered office is 2 THE SHAMBLES, HIGH STREET, GUILDFORD, SURREY, GU1 3EX.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
20% reducing balance
Fixtures & fittings
15% reducing balance
Computer equipment
33% straight line
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
E Owen & Son Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2022
2,131
9,478
3,550
3,734
18,893
At 31 March 2023
3,056
9,478
3,550
3,734
19,818
At 1 April 2022
1,060
7,325
766
2,586
11,737
Charge for the year
242
430
418
813
1,903
At 31 March 2023
1,302
7,755
1,184
3,399
13,640
At 31 March 2023
1,754
1,723
2,366
335
6,178
At 31 March 2022
1,071
2,153
2,784
1,148
7,156
Amounts falling due within one year
Trade debtors
10,181
9,185
Accrued income and prepayments
894
753
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,008
41,670
Trade creditors
40,982
32,070
Taxes and social security
16,623
20,377
Other creditors
8,885
5,166
Loans from directors
9,838
1,108
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
E Owen & Son Limited
Notes to the Accounts
for the year ended 31 March 2023
9
Average number of employees
During the year the average number of employees was 5 (2022: 4).