Abbreviated Company Accounts - OWENS DEVELOPMENTS LTD

Abbreviated Company Accounts - OWENS DEVELOPMENTS LTD

OWENS DEVELOPMENTS LTD - Company Information

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Registered Number 08602338

OWENS DEVELOPMENTS LTD

Abbreviated Accounts

30 September 2016

OWENS DEVELOPMENTS LTD Registered Number 08602338

Abbreviated Balance Sheet as at 30 September 2016

Notes 2016 2015
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets - -
Tangible assets - -
Investments - -
- -
Current assets
Stocks 2,999,346 1,539,388
Debtors 47,604 18,615
Investments - -
Cash at bank and in hand 3,089 9,528
3,050,039 1,567,531
Prepayments and accrued income 364 291
Creditors: amounts falling due within one year (2,891,000) (1,435,229)
Net current assets (liabilities) 159,403 132,593
Total assets less current liabilities 159,403 132,593
Creditors: amounts falling due after more than one year 0 0
Provisions for liabilities 0 0
Accruals and deferred income (14,695) (76,199)
Total net assets (liabilities) 144,708 56,394
Capital and reserves
Called up share capital 100 100
Share premium account 0 0
Revaluation reserve 0 0
Other reserves 0 0
Profit and loss account 144,608 56,294
Shareholders' funds 144,708 56,394
  • For the year ending 30 September 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 20 January 2017

And signed on their behalf by:
Stephen G Owens, Director

OWENS DEVELOPMENTS LTD Registered Number 08602338

Notes to the Abbreviated Accounts for the period ended 30 September 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents revenue earned in the United Kingdom during the year, exclusive of VAT

Valuation information and policy
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.