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Company Registration No. 07691129 (England and Wales)
M3OWEN LTD Unaudited accounts for the year ended 31 March 2024
M3OWEN LTD Unaudited accounts Contents
Page
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M3OWEN LTD Company Information for the year ended 31 March 2024
Director
Ovidijus Bardauskas
Company Number
07691129 (England and Wales)
Registered Office
17 PHILIP ROAD RAINHAM RM13 8LT ENGLAND
Accountants
Eurofirma Ltd 59 Devons Road London E3 3DW
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M3OWEN LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,975 
9,725 
Current assets
Debtors
20,616 
22,480 
Cash at bank and in hand
27,520 
28,017 
48,136 
50,497 
Creditors: amounts falling due within one year
(56,011)
(60,122)
Net current liabilities
(7,875)
(9,625)
Net assets
100 
100 
Capital and reserves
Called up share capital
100 
100 
Shareholders' funds
100 
100 
For the year ending 31 March 2024 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 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 13 September 2024 and were signed on its behalf by
Ovidijus Bardauskas Director Company Registration No. 07691129
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M3OWEN LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
M3OWEN LTD is a private company, limited by shares, registered in England and Wales, registration number 07691129. The registered office is 17 PHILIP ROAD, RAINHAM, RM13 8LT, ENGLAND.
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:
Fixtures & fittings
18% on reduce cost
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
12,795 
222 
13,017 
At 31 March 2024
12,795 
222 
13,017 
Depreciation
At 1 April 2023
3,070 
222 
3,292 
Charge for the year
1,750 
- 
1,750 
At 31 March 2024
4,820 
222 
5,042 
Net book value
At 31 March 2024
7,975 
- 
7,975 
At 31 March 2023
9,725 
- 
9,725 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
10,769 
12,949 
Other debtors
9,847 
9,531 
20,616 
22,480 
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M3OWEN LTD Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
40,571 
43,641 
Taxes and social security
15,440 
16,481 
56,011 
60,122 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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