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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
Page
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E Owen & Son Limited Company Information for the year ended 31 March 2023
Directors
R Owen M Owen
Secretary
S Appleton
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
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E Owen & Son Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,178 
7,156 
Current assets
Inventories
28,931 
25,416 
Debtors
11,075 
9,938 
Cash at bank and in hand
81,809 
70,418 
121,815 
105,772 
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)
Net assets
4,193 
8,264 
Capital and reserves
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
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E Owen & Son Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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 taxation
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.
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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 
Additions
925 
- 
- 
- 
925 
At 31 March 2023
3,056 
9,478 
3,550 
3,734 
19,818 
Depreciation
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 
Net book value
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 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
10,181 
9,185 
Accrued income and prepayments
894 
753 
11,075 
9,938 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,008 
41,670 
VAT
9,347 
- 
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 
Accruals
4,846 
2,913 
100,529 
103,304 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
22,097 
- 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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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).
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