J A Wicks & Sons Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01080882 (England and Wales)

Financial Statements

for the Year Ended 30 November 2019

for

J A Wicks & Sons Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Miss G Wicks

REGISTERED OFFICE:

32A Bremhill

Calne

Wiltshire

SN11 9LD

REGISTERED NUMBER:

01080882 (England and Wales)

ACCOUNTANTS:

Mander Duffill

Chartered Accountants

65 St Mary Street

Chippenham

Wiltshire

SN15 3JF

FIXED ASSETS

Tangible assets

4

8,818

17,545

CURRENT ASSETS

Stocks

12,160

8,316

Debtors

5

116,502

73,562

Cash at bank and in hand

126

16,142

128,788

98,020

CREDITORS

Amounts falling due within one year

6

51,141

35,625

NET CURRENT ASSETS

77,647

62,395

TOTAL ASSETS LESS CURRENT LIABILITIES

86,465

79,940

PROVISIONS FOR LIABILITIES

2,673

3,334

NET ASSETS

83,792

76,606

CAPITAL AND RESERVES

Called up share capital

2,000

2,000

Retained earnings

81,792

74,606

SHAREHOLDERS' FUNDS

83,792

76,606

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 applicable to companies subject to the small companies regime.

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 10 January 2020 and were signed by:

Miss G Wicks - Director

1.	STATUTORY INFORMATION

J A Wicks & Sons 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 as modified by the revaluation of certain assets.

Turnover

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

rebates, value added tax and other sales taxes.

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

-

25% on cost, 20% on reducing balance and 15% on reducing balance

Stocks

Stocks have been valued at the lower of cost and estimated selling price less costs to sell. In respect

of work in progress and finished goods, cost includes a relevant proportion of overheads according to

the stage of manufacture or completion.

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.

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 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST OR VALUATION

At 1 December 2018

50,267

Additions

275

Disposals

(18,233

)

Revaluations

3,716

At 30 November 2019

36,025

DEPRECIATION

At 1 December 2018

32,722

Charge for year

3,343

Eliminated on disposal

(8,858

)

At 30 November 2019

27,207

NET BOOK VALUE

At 30 November 2019

8,818

At 30 November 2018

17,545

Cost or valuation at 30 November 2019 is represented by:

Plant and

machinery

etc

£

Valuation in 2019

36,025

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

£

Trade debtors

103,346

61,967

Other debtors

13,156

11,595

116,502

73,562

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

£

Trade creditors

26,279

20,490

Other creditors

24,862

15,135

51,141

35,625