M. J. Owen Limited 02962507 false 2016-09-01 2017-08-31 2017-08-31 The principal activity of the company is that of a specialist in the field of rating appeals Digita Accounts Production Advanced 6.21.8540.0 Software true 02962507 2016-09-01 2017-08-31 02962507 2017-08-31 02962507 core:RetainedEarningsAccumulatedLosses 2017-08-31 02962507 core:ShareCapital 2017-08-31 02962507 core:CurrentFinancialInstruments 2017-08-31 02962507 core:CurrentFinancialInstruments core:WithinOneYear 2017-08-31 02962507 core:FurnitureFittingsToolsEquipment 2017-08-31 02962507 bus:SmallEntities 2016-09-01 2017-08-31 02962507 bus:AuditExemptWithAccountantsReport 2016-09-01 2017-08-31 02962507 bus:FullAccounts 2016-09-01 2017-08-31 02962507 bus:SmallCompaniesRegimeForAccounts 2016-09-01 2017-08-31 02962507 bus:RegisteredOffice 2016-09-01 2017-08-31 02962507 bus:Director1 2016-09-01 2017-08-31 02962507 bus:PrivateLimitedCompanyLtd 2016-09-01 2017-08-31 02962507 core:OfficeEquipment 2016-09-01 2017-08-31 02962507 countries:AllCountries 2016-09-01 2017-08-31 02962507 2016-08-31 02962507 core:FurnitureFittingsToolsEquipment 2016-08-31 02962507 2015-09-01 2016-08-31 02962507 2016-08-31 02962507 core:RetainedEarningsAccumulatedLosses 2016-08-31 02962507 core:ShareCapital 2016-08-31 02962507 core:CurrentFinancialInstruments 2016-08-31 02962507 core:CurrentFinancialInstruments core:WithinOneYear 2016-08-31 02962507 core:FurnitureFittingsToolsEquipment 2016-08-31 iso4217:GBP xbrli:pure

Registration number: 02962507

M. J. Owen Limited

Unaudited Financial Statements

for the Year Ended 31 August 2017

 

M. J. Owen Limited

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 3

 

M. J. Owen Limited

(Registration number: 02962507)
Balance Sheet as at 31 August 2017

Note

2017
£

2016
£

Current assets

 

Debtors

5

6,408

9,050

Cash at bank and in hand

 

156,225

125,612

 

162,633

134,662

Creditors: Amounts falling due within one year

6

(36,935)

(18,527)

Net assets

 

125,698

116,135

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

125,696

116,133

Shareholders' funds

 

125,698

116,135

For the financial year ending 31 August 2017 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 11 May 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 2017

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 11 May 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 (2016 - 2).

 

M. J. Owen Limited

Notes to the Financial Statements for the Year Ended 31 August 2017

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost

At 1 September 2016

9,419

9,419

At 31 August 2017

9,419

9,419

Depreciation

At 1 September 2016

9,419

9,419

At 31 August 2017

9,419

9,419

Net book value

At 31 August 2017

-

-

At 31 August 2016

-

-

5

Debtors

2017
£

2016
£

Trade debtors

6,128

8,149

Other debtors

280

901

6,408

9,050

6

Creditors

Creditors: amounts falling due within one year

Note

2017
£

2016
£

Taxation and social security

 

8,046

2,710

Corporation tax

 

11,580

4,026

Other creditors

 

8,157

8,177

Other related parties

 

9,152

3,614

 

36,935

18,527