J W RENTALS LIMITED - Accounts to registrar (filleted) - small 18.2

Unaudited Financial Statements for the Year Ended 31 August 2018

for

J W RENTALS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J S Hall

SECRETARY:

J S Hall

REGISTERED OFFICE:

18 Manor Courtyard

Hughenden Avenue

High Wycombe

HP13 5RE

REGISTERED NUMBER:

03410971 (England and Wales)

ACCOUNTANTS:

Abacus Business Consulting Limited

Thistledown

Wendlebury

Bicester

OX25 2PE

FIXED ASSETS

Tangible assets

3

30,305

21,005

CURRENT ASSETS

Debtors

4

463,852

513,823

Cash at bank

18,386

312

482,238

514,135

CREDITORS

Amounts falling due within one year

5

89,165

78,863

NET CURRENT ASSETS

393,073

435,272

TOTAL ASSETS LESS CURRENT LIABILITIES

423,378

456,277

CREDITORS

Amounts falling due after more than one year

6

15,158

71,878

NET ASSETS

408,220

384,399

CAPITAL AND RESERVES

Called up share capital

250,000

250,000

Capital redemption reserve

10,000

10,000

Retained earnings

148,220

124,399

SHAREHOLDERS' FUNDS

408,220

384,399

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 21 May 2019 and were signed by:

J S Hall - Director

1.	STATUTORY INFORMATION

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised in the current year.

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.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost and 25% on reducing balance

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.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2017

27,972

Additions

14,000

At 31 August 2018

41,972

DEPRECIATION

At 1 September 2017

6,967

Charge for year

4,700

At 31 August 2018

11,667

NET BOOK VALUE

At 31 August 2018

30,305

At 31 August 2017

21,005

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

24,545

33,451

Other debtors

439,307

480,372

463,852

513,823

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

20,292

31,542

Hire purchase contracts

4,943

15,527

Trade creditors

18,420

1,454

Taxation and social security

21,042

16,379

Other creditors

24,468

13,961

89,165

78,863

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans

4,685

24,977

Hire purchase contracts

10,473

46,901

15,158

71,878

7.	ULTIMATE CONTROLLING PARTY

The controlling party is J S Hall.