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REGISTERED NUMBER: 04690025 (England and Wales)












Financial Statements

for the Year Ended 31st December 2023

for

Owlsworth IJP Ltd

Owlsworth IJP Ltd (Registered number: 04690025)






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Owlsworth IJP Ltd

Company Information
for the Year Ended 31st December 2023







DIRECTORS: R M Dukes
R H Blackwell
J C Spalding
R Gandy
Dr D W H Miles
R Casbolt





SECRETARY: R Casbolt





REGISTERED OFFICE: Unit 2
Paddock Road Industrial Estate
Caversham
Reading
Berkshire
RG4 5BY





REGISTERED NUMBER: 04690025 (England and Wales)





ACCOUNTANTS: Buffery & Co Ltd
2 West Street
Henley On Thames
Oxfordshire
RG9 2DU

Owlsworth IJP Ltd (Registered number: 04690025)

Abridged Balance Sheet
31st December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Stocks 2,255,050 2,134,328
Debtors 540,070 310,724
Cash at bank and in hand 319,879 289,530
3,114,999 2,734,582
CREDITORS
Amounts falling due within one year 1,725,829 1,546,073
NET CURRENT ASSETS 1,389,170 1,188,509
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,389,170

1,188,509

CAPITAL AND RESERVES
Called up share capital 4 25,000 25,000
Retained earnings 1,364,170 1,163,509
SHAREHOLDERS' FUNDS 1,389,170 1,188,509

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

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 26th July 2024 and were signed on its behalf by:





R H Blackwell - Director


Owlsworth IJP Ltd (Registered number: 04690025)

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

Owlsworth IJP 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.

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.

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.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2022 - 27 ) .

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
25,000 Ordinary £1 25,000 25,000