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REGISTERED NUMBER: 13243901 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Owen Environmental Ltd

Owen Environmental Ltd (Registered number: 13243901)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Owen Environmental Ltd (Registered number: 13243901)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 957,655 590,417

CURRENT ASSETS
Stocks 10,000 -
Debtors 5 233,710 109,613
Cash at bank and in hand 303,657 253,952
547,367 363,565
CREDITORS
Amounts falling due within one year 6 990,872 543,274
NET CURRENT LIABILITIES (443,505 ) (179,709 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

514,150

410,708

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 514,140 410,698
514,150 410,708

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Owen Environmental Ltd (Registered number: 13243901)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 July 2024 and were signed on its behalf by:




Mr G W Owen - Director Mr T L Owen - Director




Mr J W Owen - Director


Owen Environmental Ltd (Registered number: 13243901)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Owen Environmental Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13243901

Registered office: Penmaenucha Farm
Penmaenpool
Dolgellau
Gwynedd
LL40 1YD

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

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.

Owen Environmental Ltd (Registered number: 13243901)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 825,105
Additions 735,371
Disposals (62,255 )
At 31 March 2024 1,498,221
DEPRECIATION
At 1 April 2023 234,688
Charge for year 319,232
Eliminated on disposal (13,354 )
At 31 March 2024 540,566
NET BOOK VALUE
At 31 March 2024 957,655
At 31 March 2023 590,417

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 169,326 33,217
Amounts owed by group undertakings 64,384 52,261
Other debtors - 24,135
233,710 109,613

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,327 8,362
Hire purchase contracts 792,566 404,995
Trade creditors 112,399 78,757
Amounts owed to group undertakings 2,903 23,002
Taxation and social security 25,986 -
Other creditors 46,691 28,158
990,872 543,274