Jones Knowles Warburton Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05114439 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2019

for

Jones Knowles Warburton Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

97,375

117,875

Tangible assets

5

81

279

97,456

118,154

CURRENT ASSETS

Debtors

6

76,027

64,923

Cash in hand

153

11

76,180

64,934

CREDITORS

Amounts falling due within one year

7

(131,312

)

(109,937

)

NET CURRENT LIABILITIES

(55,132

)

(45,003

)

TOTAL ASSETS LESS CURRENT LIABILITIES

42,324

73,151

CREDITORS

Amounts falling due after more than one year

8

(33,966

)

(41,862

)

NET ASSETS

8,358

31,289

CAPITAL AND RESERVES

Called up share capital

50

50

Capital redemption reserve

50

50

Retained earnings

8,258

31,189

SHAREHOLDERS' FUNDS

8,358

31,289

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 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 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 and authorised for issue on 22 May 2020 and were signed by:

Mr N Warburton - Director

1.	STATUTORY INFORMATION

Jones Knowles Warburton Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address are as below:

Registered number:

05114439

Registered office:

47 Middle Hillgate

Stockport

Cheshire

SK1 3DG

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 recognised when the company obtains the right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Hire purchase and leasing commitments

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 5 (2018 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2018

and 31 August 2019

410,000

AMORTISATION

At 1 September 2018

292,125

Amortisation for year

20,500

At 31 August 2019

312,625

NET BOOK VALUE

At 31 August 2019

97,375

At 31 August 2018

117,875

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 September 2018

and 31 August 2019

53,410

DEPRECIATION

At 1 September 2018

53,131

Charge for year

198

At 31 August 2019

53,329

NET BOOK VALUE

At 31 August 2019

81

At 31 August 2018

279

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Trade debtors

26,005

8,464

Other debtors

50,022

56,459

76,027

64,923

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Bank loans and overdrafts

45,315

32,112

Taxation and social security

19,029

8,491

Other creditors

66,968

69,334

131,312

109,937

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.19

31.8.18

£

£

Bank loans

33,966

41,862

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instalments

11,683

17,611

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2019 and

31 August 2018:

31.8.19

31.8.18

£

£

Mr N Warburton

Balance outstanding at start of year

2,736

20,577

Amounts advanced

-

21,767

Amounts repaid

(2,736

)

(39,608

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

2,736

Loans are interest free and repaid within 9 months of the year end.