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REGISTERED NUMBER: 08057969 (England and Wales)
















Owens & Kim Limited

Unaudited Financial Statements

for the Year Ended 31st December 2024






Owens & Kim Limited (Registered number: 08057969)






Contents of the Financial Statements
for the Year Ended 31st December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Owens & Kim Limited

Company Information
for the Year Ended 31st December 2024







Directors: Mrs H Owens
Mr K M Stockton





Registered office: 7A Shepperton House
89 Shepperton Rd
London
N1 3DF





Registered number: 08057969 (England and Wales)





Accountants: Wilson Stevens
Accountants
4th Floor
100 Fenchurch Street
London
EC3M 5JD

Owens & Kim Limited (Registered number: 08057969)

Statement of Financial Position
31st December 2024

2024 2023
Notes £    £    £   
Fixed assets
Intangible assets 4 14,138 15,939
Tangible assets 5 1,248 1,664
15,386 17,603

Current assets
Debtors 6 99,752 95,290
Cash at bank and in hand 174 345
99,926 95,635
Creditors
Amounts falling due within one year 7 68,611 64,007
Net current assets 31,315 31,628
Total assets less current liabilities 46,701 49,231

Creditors
Amounts falling due after more than one
year

8

(24,452

)

(26,976

)

Provisions for liabilities (1,597 ) (1,901 )
Net assets 20,652 20,354

Capital and reserves
Called up share capital 20,000 20,000
Retained earnings 652 354
20,652 20,354

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

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

Owens & Kim Limited (Registered number: 08057969)

Statement of Financial Position - continued
31st December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd July 2025 and were signed on its behalf by:





Mr K M Stockton - Director


Owens & Kim Limited (Registered number: 08057969)

Notes to the Financial Statements
for the Year Ended 31st December 2024

1. Statutory information

Owens & Kim 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 2012, 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.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 25% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Owens & Kim Limited (Registered number: 08057969)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4. Intangible fixed assets
Computer
Goodwill software Totals
£    £    £   
Cost
At 1st January 2024
and 31st December 2024 20,000 8,011 28,011
Amortisation
At 1st January 2024 10,000 2,072 12,072
Amortisation for year 1,000 801 1,801
At 31st December 2024 11,000 2,873 13,873
Net book value
At 31st December 2024 9,000 5,138 14,138
At 31st December 2023 10,000 5,939 15,939

5. Tangible fixed assets
Computer
equipment
£   
Cost
At 1st January 2024
and 31st December 2024 2,892
Depreciation
At 1st January 2024 1,228
Charge for year 416
At 31st December 2024 1,644
Net book value
At 31st December 2024 1,248
At 31st December 2023 1,664

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 41,653 64,310
Other debtors 58,099 30,980
99,752 95,290

Owens & Kim Limited (Registered number: 08057969)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 30,378 22,381
Trade creditors 26,047 15,674
Taxation and social security 6,970 8,769
Other creditors 5,216 17,183
68,611 64,007

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 5,286 15,661
Other creditors 19,166 11,315
24,452 26,976