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Company Registration No. 11020161 (England and Wales)
T Owczarek Ltd Unaudited accounts for the year ended 31 October 2023
T Owczarek Ltd Unaudited accounts Contents
Page
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T Owczarek Ltd Company Information for the year ended 31 October 2023
Director
Tomasz Owczarek
Company Number
11020161 (England and Wales)
Registered Office
112-113 High Street Lincoln LN5 7PY UNITED KINGDOM
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA Templar Accounting & Business Support Services Limited (Incorp: Blake and Co ) 112 - 113 High Street, Lincoln, Lincolnshire LN5 7PY
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T Owczarek Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,636 
8,636 
Current assets
Cash at bank and in hand
26 
16 
Creditors: amounts falling due within one year
(1,265)
(1,019)
Net current liabilities
(1,239)
(1,003)
Total assets less current liabilities
7,397 
7,633 
Creditors: amounts falling due after more than one year
- 
(137)
Provisions for liabilities
Deferred tax
- 
(72)
Net assets
7,397 
7,424 
Capital and reserves
Called up share capital
10 
10 
Capital contribution reserve
9,000 
9,000 
Profit and loss account
(1,613)
(1,586)
Shareholders' funds
7,397 
7,424 
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 26 July 2024 and were signed on its behalf by
Tomasz Owczarek Director Company Registration No. 11020161
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T Owczarek Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
T Owczarek Ltd is a private company, limited by shares, registered in England and Wales, registration number 11020161. The registered office is 112-113 High Street, Lincoln, LN5 7PY, UNITED KINGDOM.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Reducing balance
Fixtures & fittings
20% Reducing balance
Computer equipment
20% Reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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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T Owczarek Ltd Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2022
8,700 
130 
865 
9,695 
At 31 October 2023
8,700 
130 
865 
9,695 
Depreciation
At 1 November 2022
472 
77 
510 
1,059 
At 31 October 2023
472 
77 
510 
1,059 
Net book value
At 31 October 2023
8,228 
53 
355 
8,636 
At 31 October 2022
8,228 
53 
355 
8,636 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
320 
500 
Loans from directors
765 
339 
Accruals
180 
180 
1,265 
1,019 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Taxes and social security
- 
137 
7
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
- 
72 
2023 
2022 
£ 
£ 
Provision at start of year
72 
72 
Credited to the profit and loss account
(72)
- 
Provision at end of year
- 
72 
The deferred taxation reserve has been reversed in this current period £72 which was created due to accelerated capital allowances
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary voting shares of £1 each
10 
10 
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T Owczarek Ltd Notes to the Accounts for the year ended 31 October 2023
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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