IRIS Accounts Production v24.1.4.33 11375571 director 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh113755712022-12-31113755712023-12-31113755712023-01-012023-12-31113755712021-10-31113755712021-11-012022-12-31113755712022-12-3111375571ns15:EnglandWales2023-01-012023-12-3111375571ns14:PoundSterling2023-01-012023-12-3111375571ns10:Director12023-01-012023-12-3111375571ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3111375571ns10:SmallEntities2023-01-012023-12-3111375571ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3111375571ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3111375571ns10:AbridgedAccounts2023-01-012023-12-311137557112023-01-012023-12-3111375571ns10:EntityHasNeverTraded2023-01-012023-12-3111375571ns10:RegisteredOffice2023-01-012023-12-3111375571ns5:CurrentFinancialInstruments2023-12-3111375571ns5:CurrentFinancialInstruments2022-12-3111375571ns5:Non-currentFinancialInstruments2023-12-3111375571ns5:Non-currentFinancialInstruments2022-12-3111375571ns5:ShareCapital2023-12-3111375571ns5:ShareCapital2022-12-3111375571ns5:RetainedEarningsAccumulatedLosses2023-12-3111375571ns5:RetainedEarningsAccumulatedLosses2022-12-3111375571ns5:NetGoodwill2023-01-012023-12-3111375571ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3111375571ns5:FurnitureFittings2023-01-012023-12-3111375571ns5:ComputerEquipment2023-01-012023-12-31
REGISTERED NUMBER: 11375571 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Tom Owens Ltd

Tom Owens Ltd (Registered number: 11375571)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Tom Owens Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: T Owens





REGISTERED OFFICE: Cropton House
Three Tuns Lane
Formby
Merseyside
L37 4AQ





REGISTERED NUMBER: 11375571 (England and Wales)





ACCOUNTANTS: V & R Accountancy Services Limited
Chartered Certified Accountants
Cropton House
Three Tuns Lane
Formby
Merseyside
L37 4AQ

Tom Owens Ltd (Registered number: 11375571)

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,873 5,218
Investments 6 1 -
2,874 5,218

CURRENT ASSETS
Debtors 68,596 134,694
Cash at bank and in hand 11,747 2,982
80,343 137,676
CREDITORS
Amounts falling due within one year 51,023 103,068
NET CURRENT ASSETS 29,320 34,608
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,194

39,826

CREDITORS
Amounts falling due after more than one
year

33,929

39,358
NET (LIABILITIES)/ASSETS (1,735 ) 468

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (1,736 ) 467
SHAREHOLDERS' FUNDS (1,735 ) 468

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Tom Owens Ltd (Registered number: 11375571)

Abridged Balance Sheet - continued
31 December 2023


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 Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 September 2024 and were signed by:





T Owens - Director


Tom Owens Ltd (Registered number: 11375571)

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

1. STATUTORY INFORMATION

Tom Owens 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of three years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Tom Owens Ltd (Registered number: 11375571)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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 9 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 12,272
AMORTISATION
At 1 January 2023
and 31 December 2023 12,272
NET BOOK VALUE

At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 9,842
Disposals (525 )
At 31 December 2023 9,317
DEPRECIATION
At 1 January 2023 4,624
Charge for year 2,066
Eliminated on disposal (246 )
At 31 December 2023 6,444
NET BOOK VALUE
At 31 December 2023 2,873
At 31 December 2022 5,218

Tom Owens Ltd (Registered number: 11375571)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
Additions 1
At 31 December 2023 1
NET BOOK VALUE
At 31 December 2023 1

7. RELATED PARTY DISCLOSURES

During the period, the company received finance from Superpower Coaching Limited, a company controlled by Mr T Owens. At 31st December 2023, the company owed £11,412 to Superpower Coaching Limited.

During the period, the company received finance from Camps & Clinics Limited, a subsidiary company. At 31st December 2023, the company owed £737 to Camps & Clinics Limited.

No amounts were written off in relation to related parties and no provisions are considered necessary.