N J Warren Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 03922272 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2022

for

N J Warren Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N J Warren

Miss S J Harrison

REGISTERED OFFICE:

Suite 1

Liberty House

South Liberty Lane

Bristol

BS3 2ST

REGISTERED NUMBER:

03922272 (England and Wales)

ACCOUNTANTS:

Bennett Stock Limited

Suite 1, LIberty House

South Liberty Lane

Bristol

BS3 2ST

FIXED ASSETS

Tangible assets

4

15,208

20,277

CURRENT ASSETS

Debtors

5

62,654

45,000

Cash at bank

175,734

143,231

238,388

188,231

CREDITORS

Amounts falling due within one year

6

73,787

59,197

NET CURRENT ASSETS

164,601

129,034

TOTAL ASSETS LESS CURRENT LIABILITIES

179,809

149,311

CREDITORS

Amounts falling due after more than one year

7

(6,667

)

(11,667

)

PROVISIONS FOR LIABILITIES

(2,890

)

(3,853

)

NET ASSETS

170,252

133,791

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

169,252

132,791

SHAREHOLDERS' FUNDS

170,252

133,791

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 28 November 2022 and were signed on its behalf by:

N J Warren - Director

1.	STATUTORY INFORMATION

N J Warren 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 represents the amounts receivable, excluding VAT and trade discounts, by the company for goods and services provided during the year. All transactions arose in the United Kingdom.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2021

and 31 March 2022

1,181

26,667

541

28,389

DEPRECIATION

At 1 April 2021

1,133

6,667

312

8,112

Charge for year

12

5,000

57

5,069

At 31 March 2022

1,145

11,667

369

13,181

NET BOOK VALUE

At 31 March 2022

36

15,000

172

15,208

At 31 March 2021

48

20,000

229

20,277

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2021

and 31 March 2022

26,667

DEPRECIATION

At 1 April 2021

6,667

Charge for year

5,000

At 31 March 2022

11,667

NET BOOK VALUE

At 31 March 2022

15,000

At 31 March 2021

20,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

38,304

45,000

Other debtors

24,350

-

62,654

45,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Hire purchase contracts

5,000

5,000

Trade creditors

13,040

2,374

Taxation and social security

35,419

46,853

Other creditors

20,328

4,970

73,787

59,197

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Hire purchase contracts

6,667

11,667

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £54,000 (2021 - £60,000) were paid to the directors .

N J Warren

2022

2021

Use of Home as Office

1,190

1.190

(Capital Withdrawn)/introduced

(1,802

)

(1,844

)

At the year end the amount owed to the director was £1,930 (2021 - £128)

W & G Developments Limited - A company 50% owned by the directors

2022

2021

Sales to company

-

8,234

Short term funding provided to/(repaid) by associated company

-

(65,000

)

At the year end the amount due to the company was £Nil (2021 - £Nil)

9.	ULTIMATE CONTROLLING PARTY

The controlling party is N J Warren.