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Registration number: 02962507

M. J. Owen Limited

Information for Filing with The Registrar

for the Year Ended 31 August 2019

 

M. J. Owen Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

M. J. Owen Limited

(Registration number: 02962507)
Balance Sheet as at 31 August 2019

Note

2019
£

2018
£

Current assets

 

Debtors

5

2,517

3,584

Cash at bank and in hand

 

169,903

162,500

 

172,420

166,084

Creditors: Amounts falling due within one year

6

(25,416)

(36,766)

Net assets

 

147,004

129,318

Capital and reserves

 

Called up share capital

7

2

2

Profit and loss account

147,002

129,316

Total equity

 

147,004

129,318

For the financial year ending 31 August 2019 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 29 January 2020 and signed on its behalf by:
 

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

Michael Owen
Director

 

M. J. Owen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2019

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 29 January 2020.

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 (2018 - 2).

 

M. J. Owen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2019

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost

At 1 September 2018

9,419

9,419

At 31 August 2019

9,419

9,419

Depreciation

At 1 September 2018

9,419

9,419

At 31 August 2019

9,419

9,419

Net book value

At 31 August 2019

-

-

At 31 August 2018

-

-

5

Debtors

2019
£

2018
£

Trade debtors

2,262

3,208

Other debtors

255

376

2,517

3,584

6

Creditors

Creditors: amounts falling due within one year

Note

2019
£

2018
£

Taxation and social security

 

3,320

7,278

Corporation tax

 

11,068

10,114

Other creditors

 

6,274

8,221

Other related parties

 

4,754

11,153

 

25,416

36,766

 

M. J. Owen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2019

7

Share capital

Allotted, called up and fully paid shares

 

2019

2018

 

No.

£

No.

£

Ordinary shares of £ 1 each

2

2

2

2