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REGISTERED NUMBER: 01157109 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2024

FOR

IOLO OWEN & CO. LIMITED

IOLO OWEN & CO. LIMITED (REGISTERED NUMBER: 01157109)






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


IOLO OWEN & CO. LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: Mr R. Owen
Mr T. Owen
Mrs E. Pritchard
Mrs M. E. Owen
Mrs A. Owen Coyne





SECRETARY: Mr R. Owen





REGISTERED OFFICE: Glantraeth
Trefdraeth
Bodorgan
Anglesey
LL62 5EU





REGISTERED NUMBER: 01157109 (England and Wales)





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

IOLO OWEN & CO. LIMITED (REGISTERED NUMBER: 01157109)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,866,282 5,653,227
5,866,282 5,653,227

CURRENT ASSETS
Stocks 7,912 10,644
Debtors 6 6,364 113,220
Cash at bank 53,125 229,615
67,401 353,479
CREDITORS
Amounts falling due within one year 7 279,854 623,060
NET CURRENT LIABILITIES (212,453 ) (269,581 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,653,829

5,383,646

CREDITORS
Amounts falling due after more than one
year

8

-

37,698
NET ASSETS 5,653,829 5,345,948

CAPITAL AND RESERVES
Called up share capital 9,000 9,000
Retained earnings 5,644,829 5,336,948
5,653,829 5,345,948

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.

IOLO OWEN & CO. LIMITED (REGISTERED NUMBER: 01157109)

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 30th January 2025 and were signed on its behalf by:





Mr R. Owen - Director


IOLO OWEN & CO. LIMITED (REGISTERED NUMBER: 01157109)

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

1. STATUTORY INFORMATION

Iolo Owen & Co. Limited 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.

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.

Entitlement - SFP scheme are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 5% on reducing balance, 1.5% on reducing balance and not provided
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

IOLO OWEN & CO. LIMITED (REGISTERED NUMBER: 01157109)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st May 2023
and 30th April 2024 10,182
AMORTISATION
At 1st May 2023
and 30th April 2024 10,182
NET BOOK VALUE
At 30th April 2024 -
At 30th April 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st May 2023 5,557,168 528,514 6,085,682
Additions 197,230 46,800 244,030
Disposals - (22,000 ) (22,000 )
At 30th April 2024 5,754,398 553,314 6,307,712
DEPRECIATION
At 1st May 2023 58,280 374,175 432,455
Charge for year 1,485 6,238 7,723
Eliminated on disposal - 1,252 1,252
At 30th April 2024 59,765 381,665 441,430
NET BOOK VALUE
At 30th April 2024 5,694,633 171,649 5,866,282
At 30th April 2023 5,498,888 154,339 5,653,227

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 59,849
Other debtors 6,364 53,371
6,364 113,220

IOLO OWEN & CO. LIMITED (REGISTERED NUMBER: 01157109)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 32,118 104,788
Taxation and social security 89,692 43,847
Other creditors 158,044 474,425
279,854 623,060

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts - 37,698