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REGISTERED NUMBER: 08821899 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

OWEN GROUNDWORKS LIMITED

OWEN GROUNDWORKS LIMITED (REGISTERED NUMBER: 08821899)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OWEN GROUNDWORKS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: D S Noakes
E M Owen





REGISTERED OFFICE: Railview Lofts
19c Commercial Road
Eastbourne
East Sussex
BN21 3XE





REGISTERED NUMBER: 08821899 (England and Wales)





ACCOUNTANTS: LMDB Accountants
Chartered Certified Accountants
Railview Lofts
19c Commercial Road
Eastbourne
East Sussex
BN21 3XE

OWEN GROUNDWORKS LIMITED (REGISTERED NUMBER: 08821899)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 103,024 65,133

CURRENT ASSETS
Debtors 5 683,317 539,458
Cash at bank and in hand 170,439 100
853,756 539,558
CREDITORS
Amounts falling due within one year 6 347,468 569,550
NET CURRENT ASSETS/(LIABILITIES) 506,288 (29,992 )
TOTAL ASSETS LESS CURRENT LIABILITIES 609,312 35,141

PROVISIONS FOR LIABILITIES 21,314 -
NET ASSETS 587,998 35,141

CAPITAL AND RESERVES
Called up share capital 8 50 50
Capital redemption reserve 50 50
Retained earnings 587,898 35,041
SHAREHOLDERS' FUNDS 587,998 35,141

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

OWEN GROUNDWORKS LIMITED (REGISTERED NUMBER: 08821899)

BALANCE SHEET - continued
31 OCTOBER 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 20 May 2025 and were signed on its behalf by:





D S Noakes - Director


OWEN GROUNDWORKS LIMITED (REGISTERED NUMBER: 08821899)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Owen Groundworks 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.


OWEN GROUNDWORKS LIMITED (REGISTERED NUMBER: 08821899)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

2. ACCOUNTING POLICIES - continued
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.

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 15 (2023 - 12 ) .

OWEN GROUNDWORKS LIMITED (REGISTERED NUMBER: 08821899)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 129,199 118,953 4,106 252,258
Additions 47,500 18,900 - 66,400
Disposals - (6,250 ) - (6,250 )
At 31 October 2024 176,699 131,603 4,106 312,408
DEPRECIATION
At 1 November 2023 91,549 93,219 2,357 187,125
Charge for year 21,287 6,355 437 28,079
Eliminated on disposal - (5,820 ) - (5,820 )
At 31 October 2024 112,836 93,754 2,794 209,384
NET BOOK VALUE
At 31 October 2024 63,863 37,849 1,312 103,024
At 31 October 2023 37,650 25,734 1,749 65,133

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 612,199 309,130
Amounts recoverable on contract 25,262 186,362
Other debtors 45,856 43,966
683,317 539,458

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 98,519
Trade creditors 130,279 194,092
Taxation and social security 50,907 1,220
Other creditors 166,282 275,719
347,468 569,550

OWEN GROUNDWORKS LIMITED (REGISTERED NUMBER: 08821899)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year - 2,746

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
19 Ordinary B £1 19 19
30 Ordinary C £1 30 30
1 Ordinary D £1 1 1
50 50

9. ULTIMATE CONTROLLING PARTY

There are no ultimate controlling parties.