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REGISTERED NUMBER: 05902225 (England and Wales)















Unaudited Financial Statements

for the Period 1 September 2023 to 30 August 2024

for

Owd Barn Service Station Limited

Owd Barn Service Station Limited (Registered number: 05902225)






Contents of the Financial Statements
for the Period 1 September 2023 to 30 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Owd Barn Service Station Limited

Company Information
for the Period 1 September 2023 to 30 August 2024







DIRECTORS: Mrs S L Chapman
D Chapman
A McKenna





SECRETARY:





REGISTERED OFFICE: 50 Wigan Lower Road
Standish Lower Ground
Wigan
WN6 8LJ





REGISTERED NUMBER: 05902225 (England and Wales)





ACCOUNTANTS: Garside & Co
3a Vermont House
Bradley Lane
Standish
Wigan
WN6 0XF

Owd Barn Service Station Limited (Registered number: 05902225)

Balance Sheet
30 August 2024

30.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,416 4,416
Tangible assets 5 2,352 10,400
6,768 14,816

CURRENT ASSETS
Stocks 7,475 5,995
Debtors 6 9,798 5,985
Cash at bank 12,713 4,484
29,986 16,464
CREDITORS
Amounts falling due within one year 7 17,273 10,701
NET CURRENT ASSETS 12,713 5,763
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,481

20,579

CREDITORS
Amounts falling due after more than one year 8 7,709 10,771
NET ASSETS 11,772 9,808

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 11,770 9,806
11,772 9,808

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 August 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 August 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.

Owd Barn Service Station Limited (Registered number: 05902225)

Balance Sheet - continued
30 August 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 15 June 2025 and were signed on its behalf by:





A McKenna - Director


Owd Barn Service Station Limited (Registered number: 05902225)

Notes to the Financial Statements
for the Period 1 September 2023 to 30 August 2024

1. STATUTORY INFORMATION

Owd Barn Service Station 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.

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 period 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 period 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.

Owd Barn Service Station Limited (Registered number: 05902225)

Notes to the Financial Statements - continued
for the Period 1 September 2023 to 30 August 2024

2. ACCOUNTING POLICIES - continued

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 period was 2 (2023 - NIL ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 30 August 2024 6,309
AMORTISATION
At 1 September 2023
and 30 August 2024 1,893
NET BOOK VALUE
At 30 August 2024 4,416
At 31 August 2023 4,416

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 35,771
Disposals (22,834 )
At 30 August 2024 12,937
DEPRECIATION
At 1 September 2023 25,371
Charge for period 415
Eliminated on disposal (15,201 )
At 30 August 2024 10,585
NET BOOK VALUE
At 30 August 2024 2,352
At 31 August 2023 10,400

Owd Barn Service Station Limited (Registered number: 05902225)

Notes to the Financial Statements - continued
for the Period 1 September 2023 to 30 August 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.8.24 31.8.23
£    £   
Other debtors 9,798 5,985

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.8.24 31.8.23
£    £   
Bank loans and overdrafts 468 -
Trade creditors 1,326 4,532
Taxation and social security 8,529 3,368
Other creditors 6,950 2,801
17,273 10,701

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.8.24 31.8.23
£    £   
Bank loans 7,709 10,771