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REGISTERED NUMBER: 10141181 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2024

FOR

O. G. OWEN LTD

O. G. OWEN LTD (REGISTERED NUMBER: 10141181)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


O. G. OWEN LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: Mr O. G. Owen
Mrs E. L. Owen





REGISTERED OFFICE: Penyrargae
Llanfachraeth
Ynys Mon
LL65 4NF





REGISTERED NUMBER: 10141181 (England and Wales)





ACCOUNTANTS: Richard Williams & Co
Chartered Accountants
The Old Police Station
Gaerwen
Anglesey
LL60 6BL

O. G. OWEN LTD (REGISTERED NUMBER: 10141181)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,182,892 1,107,750

CURRENT ASSETS
Debtors 5 290,692 283,946
Cash at bank and in hand 8,362 14,410
299,054 298,356
CREDITORS
Amounts falling due within one year 6 126,018 133,370
NET CURRENT ASSETS 173,036 164,986
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,355,928

1,272,736

CREDITORS
Amounts falling due after more than one
year

7

590,506

667,002
NET ASSETS 765,422 605,734

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 765,322 605,634
765,422 605,734

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

O. G. OWEN LTD (REGISTERED NUMBER: 10141181)

BALANCE SHEET - continued
30TH APRIL 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 22nd January 2025 and were signed on its behalf by:




Mr O. G. Owen - Director



Mrs E. L. Owen - Director


O. G. OWEN LTD (REGISTERED NUMBER: 10141181)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024

1. STATUTORY INFORMATION

O. G. Owen 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.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st May 2023 1,368,414
Additions 218,190
Disposals (58,000 )
At 30th April 2024 1,528,604
DEPRECIATION
At 1st May 2023 260,664
Charge for year 34,639
Eliminated on disposal 50,409
At 30th April 2024 345,712
NET BOOK VALUE
At 30th April 2024 1,182,892
At 30th April 2023 1,107,750

O. G. OWEN LTD (REGISTERED NUMBER: 10141181)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 290,692 283,946

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 35,899 46,250
Trade creditors 66,963 60,214
Taxation and social security 21,966 25,776
Other creditors 1,190 1,130
126,018 133,370

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 590,506 667,002