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Registration number: 02962507

M. J. Owen Limited

Information for Filing with The Registrar

for the Year Ended 31 August 2018

 

M. J. Owen Limited

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 4

 

M. J. Owen Limited

(Registration number: 02962507)
Balance Sheet as at 31 August 2018

Note

2018
£

2017
£

Current assets

 

Debtors

5

3,584

6,408

Cash at bank and in hand

 

162,500

156,225

 

166,084

162,633

Creditors: Amounts falling due within one year

6

(36,766)

(36,935)

Net assets

 

129,318

125,698

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

129,316

125,696

Shareholders' funds

 

129,318

125,698

For the financial year ending 31 August 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 7 December 2018 and signed on its behalf by:
 

.........................................

Michael Owen
Director

 

M. J. Owen Limited

Notes to the Financial Statements for the Year Ended 31 August 2018

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
39 Windsor End
Old Town
Beaconsfield
Buckinghamshire
HP9 2JN

These financial statements were authorised for issue by the Board on 7 December 2018.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% straight line basis

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2017 - 2).

 

M. J. Owen Limited

Notes to the Financial Statements for the Year Ended 31 August 2018

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost

At 1 September 2017

9,419

9,419

At 31 August 2018

9,419

9,419

Depreciation

At 1 September 2017

9,419

9,419

At 31 August 2018

9,419

9,419

Net book value

At 31 August 2018

-

-

At 31 August 2017

-

-

5

Debtors

2018
£

2017
£

Trade debtors

3,208

6,128

Other debtors

376

280

3,584

6,408

6

Creditors

Creditors: amounts falling due within one year

Note

2018
£

2017
£

Taxation and social security

 

7,278

8,046

Corporation tax

 

10,114

11,580

Other creditors

 

8,221

8,157

Other related parties

 

11,153

9,152

 

36,766

36,935

 

M. J. Owen Limited

Notes to the Financial Statements for the Year Ended 31 August 2018

7

Share capital

Allotted, called up and fully paid shares

 

2018

2017

 

No.

£

No.

£

Ordinary shares of £ 1 each

2

2

2

2