John Walton Engraving Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05233045 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2021

for

John Walton Engraving Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr R Hyde

REGISTERED OFFICE:

Marland House

13 Huddersfield Road

Barnsley

South Yorkshire

S70 2LW

BUSINESS ADDRESS:

88 Newstead Road

Athersley North

Barnsley

South Yorkshire

S71 3NA

REGISTERED NUMBER:

05233045 (England and Wales)

ACCOUNTANTS:

Harris & Co Limited

Chartered Accountants

Marland House

13 Huddersfield Road

Barnsley

South Yorkshire

S70 2LW

FIXED ASSETS

Intangible assets

5

-

13,600

Tangible assets

6

15,927

18,738

Investments

7

50,718

30,718

66,645

63,056

CURRENT ASSETS

Stocks

10,125

7,168

Debtors

8

102,839

62,350

Cash at bank and in hand

33,762

33,922

146,726

103,440

CREDITORS

Amounts falling due within one year

9

47,055

35,225

NET CURRENT ASSETS

99,671

68,215

TOTAL ASSETS LESS CURRENT LIABILITIES

166,316

131,271

PROVISIONS FOR LIABILITIES

2,921

3,432

NET ASSETS

163,395

127,839

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

163,393

127,837

SHAREHOLDERS' FUNDS

163,395

127,839

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 August 2021 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 June 2022 and were signed by:

Mr R Hyde - Director

1.	STATUTORY INFORMATION

John Walton Engraving 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.

The presentation and functional 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 on a going concern basis under the historical cost convention.

Significant judgements and estimates

The principal accounting policies and significant judgements and estimates applied in the preparation of

these financial statements are set out below. These policies, judgements and estimates have been

consistently applied to all years presented unless otherwise stated.

Turnover

Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods and services falling within the company's ordinary activities.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five 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

-

15% on reducing balance

All fixed assets are initially recorded at cost.

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2020 - 6 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2020

and 31 August 2021

68,000

AMORTISATION

At 1 September 2020

54,400

Amortisation for year

13,600

At 31 August 2021

68,000

NET BOOK VALUE

At 31 August 2021

-

At 31 August 2020

13,600

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 September 2020

and 31 August 2021

70,028

DEPRECIATION

At 1 September 2020

51,290

Charge for year

2,811

At 31 August 2021

54,101

NET BOOK VALUE

At 31 August 2021

15,927

At 31 August 2020

18,738

7.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 September 2020

30,718

Additions

20,000

At 31 August 2021

50,718

NET BOOK VALUE

At 31 August 2021

50,718

At 31 August 2020

30,718

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

34,891

19,838

Other debtors

67,948

42,512

102,839

62,350

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

8,001

12,350

Taxation and social security

34,955

18,742

Other creditors

4,099

4,133

47,055

35,225

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

2

Ordinary

£1

2

2