REGISTERED NUMBER: 00543533 (England and Wales)

THOMAS OWEN &

SONS (NEWCASTLE-UPON-TYNE) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S T Iles

R S Iles

G S Iles

Mrs C Iles

SECRETARY:

G S Iles

REGISTERED OFFICE:

Valley Mills

Valley Road

Bradford

West Yorkshire

BD1 4RU

REGISTERED NUMBER:

00543533 (England and Wales)

AUDITORS:

DSC Accountants Ltd

Chartered Accountants

Statutory Auditors

Tattersall House

East Parade

Harrogate

North Yorkshire

HG1 5LT

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

98,264

126,914

98,264

126,914

CURRENT ASSETS

Stocks

414,071

453,686

Debtors

6

1,530,376

1,611,179

Cash at bank and in hand

890,036

741,576

2,834,483

2,806,441

CREDITORS

Amounts falling due within one year

7

499,024

585,603

NET CURRENT ASSETS

2,335,459

2,220,838

TOTAL ASSETS LESS CURRENT LIABILITIES

2,433,723

2,347,752

CAPITAL AND RESERVES

Called up share capital

202,499

202,499

Capital redemption reserve

750

750

Retained earnings

2,230,474

2,144,503

SHAREHOLDERS' FUNDS

2,433,723

2,347,752

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 3 December 2025 and were signed on its behalf by:

S T Iles - Director

G S Iles - Director

1.	STATUTORY INFORMATION

Thomas Owen & Sons (Newcastle-Upon-Tyne) 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 recognised on despatch of goods and is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual value over their useful lives on the following bases:

Plant and machinery etc

20% on cost and 15% on cost

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.

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 22 (2024 - 22 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

3,000

Disposals

(3,000

)

At 31 March 2025

-

AMORTISATION

At 1 April 2024

3,000

Eliminated on disposal

(3,000

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

119,232

139,984

259,216

DEPRECIATION

At 1 April 2024

116,773

15,529

132,302

Charge for year

654

27,996

28,650

At 31 March 2025

117,427

43,525

160,952

NET BOOK VALUE

At 31 March 2025

1,805

96,459

98,264

At 31 March 2024

2,459

124,455

126,914

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

488,757

636,905

Amounts owed by group undertakings

918,026

822,631

Other debtors

123,593

151,643

1,530,376

1,611,179

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

383,018

450,096

Taxation and social security

70,906

68,263

Other creditors

45,100

67,244

499,024

585,603

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

121,016

120,209

Between one and five years

88,567

177,393

209,583

297,602

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

The Report of the Auditors was unqualified.

Graham French (Senior Statutory Auditor)

for and on behalf of DSC Accountants Ltd

10.	ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is Trevor Iles Limited whose registered office is Valley Mills, Valley Road, Bradford, West Yorkshire BD1 4RU.