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REGISTERED NUMBER: 04708455 (England and Wales)










H F Owen Transport And Storage Limited

Financial Statements

for the Year Ended 30 November 2024






H F Owen Transport And Storage Limited (Registered number: 04708455)






Contents of the Financial Statements
for the year ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


H F Owen Transport And Storage Limited

Company Information
for the year ended 30 November 2024







DIRECTORS: Mr K Jones
Mr S Walker
Mr G Walker
Ms S M Kavanagh





REGISTERED OFFICE: Unit 1 Parc Elwy
Llandygai Industrial Estate
Bangor
Gwynedd
LL57 4YH





REGISTERED NUMBER: 04708455 (England and Wales)





AUDITORS: Salisbury & Company Business Solutions Limited
Statutory Auditors
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

H F Owen Transport And Storage Limited (Registered number: 04708455)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 33,000 37,500
Tangible assets 5 187,516 64,625
220,516 102,125

CURRENT ASSETS
Debtors 6 417,900 406,882
Cash at bank 44,485 29,896
462,385 436,778
CREDITORS
Amounts falling due within one year 7 453,695 416,693
NET CURRENT ASSETS 8,690 20,085
TOTAL ASSETS LESS CURRENT
LIABILITIES

229,206

122,210

CREDITORS
Amounts falling due after more than one year 8 (67,955 ) (4,634 )

PROVISIONS FOR LIABILITIES (38,439 ) (12,016 )
NET ASSETS 122,812 105,560

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 122,712 105,460
122,812 105,560

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 4 June 2025 and were signed on its behalf by:





Mr S Walker - Director


H F Owen Transport And Storage Limited (Registered number: 04708455)

Notes to the Financial Statements
for the year ended 30 November 2024

1. STATUTORY INFORMATION

H F Owen Transport And Storage 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 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.

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.

H F Owen Transport And Storage Limited (Registered number: 04708455)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 18 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 90,000
AMORTISATION
At 1 December 2023 52,500
Charge for year 4,500
At 30 November 2024 57,000
NET BOOK VALUE
At 30 November 2024 33,000
At 30 November 2023 37,500

H F Owen Transport And Storage Limited (Registered number: 04708455)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2023 - 396,243 396,243
Additions 13,558 155,622 169,180
Disposals - (115,054 ) (115,054 )
At 30 November 2024 13,558 436,811 450,369
DEPRECIATION
At 1 December 2023 - 331,618 331,618
Charge for year 1,609 41,088 42,697
Eliminated on disposal - (111,462 ) (111,462 )
At 30 November 2024 1,609 261,244 262,853
NET BOOK VALUE
At 30 November 2024 11,949 175,567 187,516
At 30 November 2023 - 64,625 64,625

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 December 2023 88,104
Additions 16,118
Disposals (54,104 )
At 30 November 2024 50,118
DEPRECIATION
At 1 December 2023 46,569
Charge for year 12,143
Eliminated on disposal (50,512 )
At 30 November 2024 8,200
NET BOOK VALUE
At 30 November 2024 41,918
At 30 November 2023 41,535

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 359,045 372,680
Other debtors 58,855 34,202
417,900 406,882

H F Owen Transport And Storage Limited (Registered number: 04708455)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 86,011 27,395
Trade creditors 194,551 197,048
Amounts owed to group undertakings 86,500 100,000
Taxation and social security 56,103 43,289
Other creditors 30,530 48,961
453,695 416,693

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 67,955 4,634

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 153,966 32,029

Barclays Bank PLC hold both a fixed and floating charge over which covers all the property or undertaking of the company, dated 21 January 2021.

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Jeremy Salisbury (Senior Statutory Auditor)
for and on behalf of Salisbury & Company Business Solutions Limited

11. ULTIMATE CONTROLLING PARTY

The controlling party is Delivery Solutions (Delsol) Limited.

12. ULTIMATE PARENT COMPANY

The immediate and ultimate parent company of H F Owen Transport and Storage Limited is Delivery Solutions (Delsol) Limited as it owns 81% of the issued share capital in the company. The remaining shares are held by individuals.