J.M.W. Resources Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05101833 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2021

for

J.M.W. Resources Limited

Page

Balance Sheet

1

FIXED ASSETS

8,000

32,809

CURRENT ASSETS

102,481

345,400

CREDITORS

Amounts falling due within one year

(96,536

)

(225,960

)

NET CURRENT ASSETS

5,945

119,440

TOTAL ASSETS LESS CURRENT LIABILITIES

13,945

152,249

CREDITORS

Amounts falling due after more than one year

40,000

-

NET (LIABILITIES)/ASSETS

(26,055

)

152,249

CAPITAL AND RESERVES

(26,055

)

152,249

NOTES TO THE FINANCIAL STATEMENTS

1.	STATUTORY INFORMATION

J.M.W. Resources Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

05101833

Registered office:

209 Liverpool Road

Birkdale

Southport

Mersyside

PR8 4PH

2.	AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 9 (2020 - 10 ) .

3.	CORONAVIRUS (COVID-19) PANDEMIC

As with most businesses the company has been impacted by the Coronavirus (Covid-19) pandemic. This has had an impact on the company's operations, and staff, with the company's turnover in respect of the year ended 30 April 2021 being suppressed with that of the prior year. The company has utilised the benefits available from the Government with staff having been furloughed in the year. The company generated a loss of £178,304 for the year ended 30 April 2021 (2020: profit of £99,468) which arose primarily from a bad debt write off from its major customer in the amount of £179,508, and its net liabilities as at 30 April 2021 amounted to £(26,055) (net assets as at 30 April 2020 amounted to £152,249). As a direct result of the bad debt write off, working capital of the company, including cash, is significantly curtailed with material uncertainties that cast significant doubts upon the company's ability to continue as a going concern. The director believes that it is appropriate to prepare the company's year ended 30 April 2021 accounts on a break up basis with the company's assets and liabilities at the balance sheet date having been written down to their recoverable amounts. However, the director is taking all the steps it can to protect the future of its business.

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 26 January 2022 and were signed by:

J M Wong - Director