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REGISTERED NUMBER: 08718157 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

John Owens Associates Ltd

John Owens Associates Ltd (Registered number: 08718157)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


John Owens Associates Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: J Owens





REGISTERED OFFICE: C/O ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB





REGISTERED NUMBER: 08718157 (England and Wales)





ACCOUNTANTS: ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB

John Owens Associates Ltd (Registered number: 08718157)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1 517
1 517

CURRENT ASSETS
Cash at bank 43 43

CREDITORS
Amounts falling due within one year 6 6,847 6,127
NET CURRENT LIABILITIES (6,804 ) (6,084 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,803

)

(5,567

)

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings (6,807 ) (5,571 )
SHAREHOLDERS' FUNDS (6,803 ) (5,567 )

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 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.

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 director and authorised for issue on 15 November 2024 and were signed by:





J Owens - Director


John Owens Associates Ltd (Registered number: 08718157)

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

1. STATUTORY INFORMATION

John Owens Associates 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
Although the company has net liabilities at the year end date, the director has confirmed that he will provide the necessary funding to enable the company to meet its financial obligations as they fall due.The accounts therefore are prepared on a going concern basis.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five 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.
Computer equipment - 33% on cost

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.Due to the availability of tax losses no provision has been made in the accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 10,000
AMORTISATION
At 1 April 2023
and 31 March 2024 10,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

John Owens Associates Ltd (Registered number: 08718157)

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

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023
and 31 March 2024 4,024
DEPRECIATION
At 1 April 2023 3,507
Charge for year 516
At 31 March 2024 4,023
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 517

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
VAT 1,899 1,899
Directors' current accounts 4,948 4,228
6,847 6,127

7. ULTIMATE CONTROLLING PARTY

The controlling party is J Owens.

At the year end the company owed the director £4,948, (2023 £4,228).