Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01falseThe principal activity continued to be that of electronic and electrical engineers66truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02048193 2023-07-01 2024-06-30 02048193 2022-07-01 2023-06-30 02048193 2024-06-30 02048193 2023-06-30 02048193 c:Director2 2023-07-01 2024-06-30 02048193 d:MotorVehicles 2023-07-01 2024-06-30 02048193 d:MotorVehicles 2024-06-30 02048193 d:MotorVehicles 2023-06-30 02048193 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 02048193 d:FurnitureFittings 2023-07-01 2024-06-30 02048193 d:FurnitureFittings 2024-06-30 02048193 d:FurnitureFittings 2023-06-30 02048193 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 02048193 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 02048193 d:CurrentFinancialInstruments 2024-06-30 02048193 d:CurrentFinancialInstruments 2023-06-30 02048193 d:Non-currentFinancialInstruments 2024-06-30 02048193 d:Non-currentFinancialInstruments 2023-06-30 02048193 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 02048193 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 02048193 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 02048193 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 02048193 d:ShareCapital 2024-06-30 02048193 d:ShareCapital 2023-06-30 02048193 d:RetainedEarningsAccumulatedLosses 2024-06-30 02048193 d:RetainedEarningsAccumulatedLosses 2023-06-30 02048193 c:OrdinaryShareClass1 2023-07-01 2024-06-30 02048193 c:OrdinaryShareClass1 2024-06-30 02048193 c:FRS102 2023-07-01 2024-06-30 02048193 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 02048193 c:FullAccounts 2023-07-01 2024-06-30 02048193 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 02048193 d:HirePurchaseContracts d:WithinOneYear 2024-06-30 02048193 d:HirePurchaseContracts d:WithinOneYear 2023-06-30 02048193 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-06-30 02048193 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-06-30 02048193 d:HirePurchaseContracts d:MoreThanFiveYears 2024-06-30 02048193 d:HirePurchaseContracts d:MoreThanFiveYears 2023-06-30 02048193 2 2023-07-01 2024-06-30 02048193 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 02048193














SCOTT OWEN LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

 
SCOTT OWEN LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 7


 
SCOTT OWEN LIMITED
REGISTERED NUMBER:02048193

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
17,013
22,684

  
17,013
22,684

Current assets
  

Debtors: amounts falling due within one year
 5 
1,042
1,310

Cash at bank and in hand
 6 
71,225
231,766

  
72,267
233,076

Creditors: amounts falling due within one year
 7 
(22,952)
(15,051)

Net current assets
  
 
 
49,315
 
 
218,025

Total assets less current liabilities
  
66,328
240,709

Creditors: amounts falling due after more than one year
 8 
(9,272)
(15,817)

  

Net assets
  
57,056
224,892


Capital and reserves
  

Called up share capital 
 10 
10,000
10,000

Profit and loss account
  
47,056
214,892

  
57,056
224,892


1

 
SCOTT OWEN LIMITED
REGISTERED NUMBER:02048193
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




B Twining
Director

Date: 24 March 2025

The notes on pages 3 to 7 form part of these financial statements.

2

 
SCOTT OWEN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Scott Owen Limited is a private company, limited by shares, registered in England and Wales, registration number 02048193. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE and the trading address is 41 Brookscroft, Linton Glade, Croydon, CR0 9NA.  
The principal activity continued to be that of electronic and electrical engineers

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover represents amounts receivable in respect of electronic and electrical engineers, net of VAT and trade discounts.
Profit is recognised on long term contracts, if the final outcome can be assessed with reasonable certainty, by including in the profit and loss account turnover and related costs as contract activity progresses. Turnover is calculated as the proportion of total contract value which costs to date bear to total expected costs for the contract.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3

 
SCOTT OWEN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
15%-25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.8

 Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.9

 Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

 Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from third parties and loans to related parties.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 6).

4

 
SCOTT OWEN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 July 2023
32,726
9,513
42,239



At 30 June 2024

32,726
9,513
42,239



Depreciation


At 1 July 2023
12,271
7,284
19,555


Charge for the year on owned assets
5,113
558
5,671



At 30 June 2024

17,384
7,842
25,226



Net book value



At 30 June 2024
15,342
1,671
17,013



At 30 June 2023
20,455
2,229
22,684


5.


Debtors

2024
2023
£
£


Other debtors
553
239

Prepayments
489
1,071

1,042
1,310



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
71,225
231,766


5

 
SCOTT OWEN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
12
533

Other taxation and social security
711
2,016

Obligations under finance lease and hire purchase contracts
6,545
6,545

Other creditors
10,467
902

Accruals
5,217
5,055

22,952
15,051



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
9,272
15,817



9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
6,545
6,545

Between 1-2 years
6,545
6,545

Between 2-5 years
2,727
9,272

15,817
22,362


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



10,000 Ordinary shares of £1.00 each
10,000
10,000



11.


Pension commitments

The company operates a defined contributions pensions scheme. The assets of the scheme are held seperately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £10,970 (2023 - £11,457). 

6

 
SCOTT OWEN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

12.


Related party transactions

At the year end, the company owed £10,166 (2023 - £201) to the directors. The loan is unsecured,
interest free and repayable on demand.

 
7