JWA Financial Planning Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10093080 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

JWA Financial Planning Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K H Allan

J Allan

REGISTERED OFFICE:

The Business Centre

Cardiff Road

Barry

CF63 2AW

REGISTERED NUMBER:

10093080 (England and Wales)

ACCOUNTANTS:

JK Accountancy

The Business Centre

Cardiff Road

Barry

CF63 2AW

FIXED ASSETS

Intangible assets

4

25,800

30,100

Tangible assets

5

8,230

10,192

34,030

40,292

CURRENT ASSETS

Debtors

6

8,438

53,192

Cash at bank

282,414

193,041

290,852

246,233

CREDITORS

Amounts falling due within one year

7

101,279

74,234

NET CURRENT ASSETS

189,573

171,999

TOTAL ASSETS LESS CURRENT LIABILITIES

223,603

212,291

CREDITORS

Amounts falling due after more than one year

8

82,870

102,119

NET ASSETS

140,733

110,172

CAPITAL AND RESERVES

Called up share capital

9

4

4

Retained earnings

140,729

110,168

SHAREHOLDERS' FUNDS

140,733

110,172

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 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 Board of Directors and authorised for issue on 19 June 2020 and were signed on its behalf by:

J Allan - Director

K H Allan - Director

1.	STATUTORY INFORMATION

JWA Financial Planning 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 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 in 2016, is being amortised evenly over its estimated useful life of ten years.

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 cost

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.

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 10 (2019 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2019

and 31 March 2020

43,000

AMORTISATION

At 1 April 2019

12,900

Charge for year

4,300

At 31 March 2020

17,200

NET BOOK VALUE

At 31 March 2020

25,800

At 31 March 2019

30,100

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

22,704

Additions

1,947

At 31 March 2020

24,651

DEPRECIATION

At 1 April 2019

12,512

Charge for year

3,909

At 31 March 2020

16,421

NET BOOK VALUE

At 31 March 2020

8,230

At 31 March 2019

10,192

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

4,627

36,835

Other debtors

3,811

16,357

8,438

53,192

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

10,446

1,984

Taxation and social security

29,359

20,766

Other creditors

61,474

51,484

101,279

74,234

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.20

31.3.19

£

£

Other creditors

82,870

102,119

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.20

31.3.19

value:

£

£

1

Ordinary A

£1

1

1

1

Ordinary B

£1

1

1

2

Ordinary D & Other

£1

2

2

4

4