Registered number
02959084
Owen UK Limited
Unaudited Filleted Accounts
31 August 2024
Owen UK Limited
Registered number: 02959084
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 4,459 3,772
Current assets
Stocks 2,000 2,000
Debtors 4 20,972 20,749
Cash at bank and in hand 39,174 36,365
62,146 59,114
Creditors: amounts falling due within one year 5 (8,854) (11,777)
Net current assets 53,292 47,337
Total assets less current liabilities 57,751 51,109
Creditors: amounts falling due after more than one year 6 (27,414) (12,414)
Provisions for liabilities (847) (1,977)
Net assets 29,490 36,718
Capital and reserves
Called up share capital 22,985 22,985
Profit and loss account 6,505 13,733
Shareholders' funds 29,490 36,718
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D J Owen
Director
Approved by the board on 29 May 2025
Owen UK Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers during the year.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the costs, less estimated residual value, of each asset over its expected useful life. The methods and applicable rates are:
Plant and machinery 15% per annum of net book value
Motor vehicles 25% per annum of net book value
Stocks
Stocks are stated at the lower of cost, using the first in first out method, and selling price less costs to complete and sell.
Deferred Taxation
Full provision is made for deferred tax assets and liabilities arising from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2023 2,890 25,303 28,193
Additions - 2,000 2,000
At 31 August 2024 2,890 27,303 30,193
Depreciation
At 1 September 2023 1,599 22,822 24,421
Charge for the year 193 1,120 1,313
At 31 August 2024 1,792 23,942 25,734
Net book value
At 31 August 2024 1,098 3,361 4,459
At 31 August 2023 1,291 2,481 3,772
4 Debtors 2024 2023
£ £
Trade debtors 20,972 20,749
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 8,477 9,803
Taxation and social security costs 377 1,974
8,854 11,777
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 27,414 12,414
7 Related party transactions
The directors provide financial assistance to the company, as and when needed, at 0% interest and on an equitable basis. The loan balance at the start of the reporting period was £2,427 and £17,427 at the end of the period.
8 Controlling party
Mr P W Owen, a director, is the company's controlling shareholder.
9 Other information
Owen UK Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
9 Chapel Street
Mochdre
Colwyn Bay
Conwy
LL28 5BB
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