Wynne Jones Property Maintenance Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04288120 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st December 2018

for

Wynne Jones Property Maintenance Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W R Jones

Mrs E L Jones

SECRETARY:

Mrs V A Powell

REGISTERED OFFICE:

Unit 3

Betws Workshops

Park Street

Ammanford

Carmarthenshire

SA18 2ET

REGISTERED NUMBER:

04288120 (England and Wales)

ACCOUNTANTS:

Ashmole & Co

Chartered Certified Accountants

Castle House

High Street

Ammanford

Carmarthenshire

SA18 2NB

BANKERS:

Barclays Bank Plc

9 College Street

Ammanford

Carmarthenshire

SA18 3AD

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

612

612

CURRENT ASSETS

Stocks

2,000

Debtors

186,711

Cash at bank

5,376

194,087

CREDITORS

Amounts falling due within one year

112,937

NET CURRENT ASSETS

81,150

TOTAL ASSETS LESS CURRENT LIABILITIES

81,762

CAPITAL AND RESERVES

Called up share capital

1,005

Retained earnings

80,757

SHAREHOLDERS' FUNDS

81,762

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

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

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st December 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors on 16th May 2019 and were signed on its behalf by:

W R Jones - Director

1.	STATUTORY INFORMATION

Wynne Jones Property Maintenance 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

15% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1st January 2018

and 31st December 2018

10,000

AMORTISATION

At 1st January 2018

and 31st December 2018

10,000

NET BOOK VALUE

At 31st December 2018

-

At 31st December 2017

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st January 2018

and 31st December 2018

46,697

DEPRECIATION

At 1st January 2018

45,956

Charge for year

129

At 31st December 2018

46,085

NET BOOK VALUE

At 31st December 2018

612

At 31st December 2017

741

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases

are as follows:

Totals

£

COST

At 1st January 2018

and 31st December 2018

30,344

DEPRECIATION

At 1st January 2018

and 31st December 2018

30,334

NET BOOK VALUE

At 31st December 2018

10

At 31st December 2017

10

6.	ULTIMATE CONTROLLING PARTY

The controlling party is W R Jones.