Jw Budd Ltd - Accounts to registrar (filleted) - small 18.1

Jw Budd Ltd - Accounts to registrar (filleted) - small 18.1

JW BUDD LTD - Company Information

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REGISTERED NUMBER: 10291666 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2018

for

Jw Budd Ltd
Jw Budd Ltd (Registered number: 10291666)






Contents of the Financial Statements
for the Year Ended 31 July 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Jw Budd Ltd

Company Information
for the Year Ended 31 July 2018







DIRECTOR: J W Budd





SECRETARY:





REGISTERED OFFICE: 17 Machen Close
St. Mellons
Cardiff
CF3 0HE





REGISTERED NUMBER: 10291666 (England and Wales)





ACCOUNTANTS: M Chilton Accountancy Services Limited
16 Reed Mace Drive
Bromsgrove
Worcestershire
B61 0UJ
Page 1
Jw Budd Ltd (Registered number: 10291666)

Balance Sheet
31 July 2018

31.7.18 31.7.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 24,999 24,999
Tangible assets 4 8,574 -
33,573 24,999

CURRENT ASSETS
Debtors 5 10,357 7,490
NET CURRENT ASSETS 10,357 7,490
TOTAL ASSETS LESS CURRENT
LIABILITIES
43,930
32,489

CREDITORS
Amounts falling due after more than one
year
6
43,830
32,389
NET ASSETS 100 100

CAPITAL AND RESERVES
Called up share capital 100 100
100 100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 3 April 2019 and were signed by:





J W Budd - Director


The notes form part of these financial statements

Page 2
Jw Budd Ltd (Registered number: 10291666)

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

1. STATUTORY INFORMATION

Jw Budd Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2017
and 31 July 2018 24,999
NET BOOK VALUE
At 31 July 2018 24,999
At 31 July 2017 24,999

Page 3 continued...
Jw Budd Ltd (Registered number: 10291666)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2018

3. INTANGIBLE FIXED ASSETS - continued

Intangible Fixed Assets relates to Initial Franchise Fee. Amortisation of this asset over it's useful life will
commence when the business commences trading.

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
Additions 8,574
At 31 July 2018 8,574
NET BOOK VALUE
At 31 July 2018 8,574

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.18 31.7.17
£    £   
Other debtors 10,357 7,490

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.18 31.7.17
£    £   
Other creditors 43,830 32,389

Other creditors falling due after one year relates to amount owed to Director/Shareholder Jake Budd.

Page 4