Company registration number 09203519 (England and Wales)
MARTIN OWENS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
MARTIN OWENS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
MARTIN OWENS LTD
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
9,601
16,694
Cash at bank and in hand
435
-
0
10,036
16,694
Creditors: amounts falling due within one year
4
(17,149)
(20,711)
Net current liabilities
(7,113)
(4,017)
Creditors: amounts falling due after more than one year
5
(8,792)
(10,000)
Net liabilities
(15,905)
(14,017)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(15,906)
(14,018)
Total equity
(15,905)
(14,017)

For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 28 August 2025
Mr M Owens
Director
Company registration number 09203519 (England and Wales)
MARTIN OWENS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 2 -
1
Accounting policies
Company information

Martin Owens Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 7 Waterside Court, St. Helens, England, WA9 1UA.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least 12 months after the reporting date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
9,601
16,694
MARTIN OWENS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 3 -
4
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
8,300
12,955
Corporation tax
6,924
6,490
Other creditors
1,925
1,266
17,149
20,711
5
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
8,792
10,000
6
Directors' transactions

The loan is unsecured, interest free and repayable on demand. All the figures are disclosed on an aggregate basis.

2024
Opening balance
Closing balance
£
£
Mr M Owens
7,250
7,250
7,250
7,250
2023
Opening balance
Closing balance
£
£
Mr M Owens
7,559
7,250
7,559
7,250
7
Going concern

Although the financial statements show net current liabilities of £7,113 (2023: £4,017) and net liabilities of £15,905 (2023: £14,017), the director is of the opinion that the financial statements can be prepared on the going concern basis on the grounds that the company will continue to receive support from the director and will trade profitably in the future.

2024-09-302023-10-01falsefalsefalse28 August 2025CCH SoftwareCCH Accounts Production 2025.200Maintenance and repair of motor vehicles
Mr M Owens
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