John Ware Limited - Accounts to registrar (filleted) - small 18.2

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REGISTERED NUMBER: 01857225 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2019

for

John Ware Limited

Page

Company Information

Abridged Balance Sheet

Notes to the Financial Statements

DIRECTOR:

Mr M S Punni

REGISTERED OFFICE:

Head Office

65 Alcombe Road

Alcombe

Minehead

Somerset

TA24 6BD

REGISTERED NUMBER:

01857225 (England and Wales)

ACCOUNTANTS:

A Butler & Co

12 Darley Abbey Mills

Darley Abbey

Derby

Derbyshire

DE22 1DZ

FIXED ASSETS

Intangible assets

Tangible assets

1,745,059

1,818,235

Investments

10,000

1,755,059

1,828,235

CURRENT ASSETS

Stocks

399,641

369,473

Debtors

1,533,574

1,223,656

Cash at bank and in hand

607,223

636,563

2,540,438

2,229,692

CREDITORS

Amounts falling due within one year

2,056,612

1,572,619

NET CURRENT ASSETS

483,826

657,073

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,238,885

2,485,308

CREDITORS

Amounts falling due after more than one
year

1,066,422

1,188,570

NET ASSETS

1,172,463

1,296,738

CAPITAL AND RESERVES

Called up share capital

Share premium

33,922

Retained earnings

1,138,461

1,262,736

SHAREHOLDERS' FUNDS

1,172,463

1,296,738

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 7 January 2021 and were signed by:

Mr M S Punni - Director

1.	STATUTORY INFORMATION

John Ware 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.

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 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.

Long leasehold

over the period of the lease

Improvements to property

over the period of the lease

Plant and machinery

25% on reducing balance

Fixtures and fittings

15% on reducing balance

Motor vehicles

25% on reducing balance

Computer equipment

33% on cost

Stocks

Stocks are valued at the lower of net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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 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.

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 41 (2018 - 42 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

COST

At 1 January 2019

and 31 December 2019

257,553

AMORTISATION

At 1 January 2019

and 31 December 2019

257,553

NET BOOK VALUE

At 31 December 2019

At 31 December 2018

5.	TANGIBLE FIXED ASSETS

Totals

COST

At 1 January 2019

and 31 December 2019

2,721,189

DEPRECIATION

At 1 January 2019

902,954

Charge for year

73,176

At 31 December 2019

976,130

NET BOOK VALUE

At 31 December 2019

1,745,059

At 31 December 2018

1,818,235

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

COST

At 1 January 2019

and 31 December 2019

10,000

NET BOOK VALUE

At 31 December 2019

10,000

At 31 December 2018

10,000

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS

31.12.19

31.12.18

Repayable by instalments

Bank loans more 5 yr by instal

488,550

607,658

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2019 and 31 December 2018:

31.12.19

31.12.18

Mr M S Punni

Balance outstanding at start of year

67,482

Amounts advanced

67,482

Amounts repaid

(67,482

)

Amounts written off

Amounts waived

Balance outstanding at end of year

67,482