REGISTERED NUMBER: 13243901 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Owen Environmental Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

1,084,887

957,655

CURRENT ASSETS

Stocks

10,000

10,000

Debtors

5

340,255

233,710

Cash at bank and in hand

327,538

303,657

677,793

547,367

CREDITORS

Amounts falling due within one year

6

952,902

990,872

NET CURRENT LIABILITIES

(275,109

)

(443,505

)

TOTAL ASSETS LESS CURRENT LIABILITIES

809,778

514,150

CREDITORS

Amounts falling due after more than one year

7

45,114

-

NET ASSETS

764,664

514,150

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

764,654

514,140

764,664

514,150

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 2 December 2025 and were signed on its behalf by:

Mr G W Owen - Director

Mr T L Owen - Director

1.	STATUTORY INFORMATION

Owen Environmental Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

13243901

Registered office:

Penmaenucha Farm

Penmaenpool

Dolgellau

Gwynedd

LL40 1YD

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.

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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

1,498,221

Additions

488,861

At 31 March 2025

1,987,082

DEPRECIATION

At 1 April 2024

540,566

Charge for year

361,629

At 31 March 2025

902,195

NET BOOK VALUE

At 31 March 2025

1,084,887

At 31 March 2024

957,655

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

264,850

169,326

Amounts owed by group undertakings

75,405

64,384

340,255

233,710

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

29,803

10,327

Hire purchase contracts

722,871

792,566

Trade creditors

135,765

112,399

Amounts owed to group undertakings

2,903

2,903

Taxation and social security

56,235

25,986

Other creditors

5,325

46,691

952,902

990,872

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

45,114

-