JW Associates (UK) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04391537 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

JW Associates (UK) Ltd

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

Mr J A Wasinko

SECRETARY:

Mrs S Wasinko

REGISTERED OFFICE:

1 Broadway Gardens

Peterborough

Cambridgeshire

PE1 4DU

REGISTERED NUMBER:

04391537 (England and Wales)

ACCOUNTANTS:

Steve Pye & Co

Chartered Certified Accountants

11 Thorpe Road

Peterborough

Cambridgeshire

PE3 6AB

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of JW Associates (UK) Ltd for the year ended 31 March 2020 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of JW Associates (UK) Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of JW Associates (UK) Ltd and state those matters that we have agreed to state to the director of JW Associates (UK) Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that JW Associates (UK) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of JW Associates (UK) Ltd. You consider that JW Associates (UK) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of JW Associates (UK) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Steve Pye & Co

Chartered Certified Accountants

11 Thorpe Road

Peterborough

Cambridgeshire

PE3 6AB

29 September 2020

FIXED ASSETS

Tangible assets

5

1,560

2,643

CURRENT ASSETS

Debtors

6

-

75

Cash at bank

3,869

10,585

3,869

10,660

CREDITORS

Amounts falling due within one year

7

2,995

11,192

NET CURRENT ASSETS/(LIABILITIES)

874

(532

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,434

2,111

PROVISIONS FOR LIABILITIES

296

502

NET ASSETS

2,138

1,609

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

2,136

1,607

2,138

1,609

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2020 and were signed by:

Mr J A Wasinko - Director

1.	STATUTORY INFORMATION

JW Associates (UK) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

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

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - 1 ).

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2019

6,371

Disposals

(3,597

)

At 31 March 2020

2,774

DEPRECIATION

At 1 April 2019

3,728

Charge for year

520

Eliminated on disposal

(3,034

)

At 31 March 2020

1,214

NET BOOK VALUE

At 31 March 2020

1,560

At 31 March 2019

2,643

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

-

75

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

99

-

Taxation and social security

330

8,461

Other creditors

2,566

2,731

2,995

11,192