J.M.W. Resources Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 05101833 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2022

for

J.M.W. Resources Limited

Page

Balance Sheet

1

FIXED ASSETS

-

8,000

CURRENT ASSETS

40,077

102,481

CREDITORS

Amounts falling due within one year

(63,660

)

(96,536

)

NET CURRENT (LIABILITIES)/ASSETS

(23,583

)

5,945

TOTAL ASSETS LESS CURRENT LIABILITIES

(23,583

)

13,945

CREDITORS

Amounts falling due after more than one year

30,833

40,000

NET LIABILITIES

(54,416

)

(26,055

)

CAPITAL AND RESERVES

(54,416

)

(26,055

)

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 6 (2021 - 9 ) .

3.	CORONAVIRUS (COVID-19) PANDEMIC AND GOING CONCERN

As with most businesses the company has been impacted by the Coronavirus (Covid-19) pandemic. Whilst the company's turnover has increased on the prior year by 70.1%, the company has utilised the benefits available from the Government with staff having been furloughed in the year. The company generated a loss of £28,361 for the year ended 30 April 2022 (2021: loss of £178,304) which in both years arose primarily from bad debt write offs from amounts recoverable from customers in the amounts of £294,469 and £179,508 respectively. Net liabilities of the company as at 30 April 2022 amounted to £(54,416) (net liabilities as at 30 April 2021 amounted to £(26,055)). As a direct result of the bad debt write offs, working capital of the company, including cash, is significantly curtailed. The director believes that it is appropriate to prepare the company's year ended 30 April 2022 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 in light of the company's tangible fixed assets, stocks and customer base being disposed of for £NIL consideration in the post balance sheet period.

3.	POST BALANCE SHEET EVENTS

Following the outcome of a court case in the post balance sheet period, the company ceased to trade and the company's staff were made redundant at a cost of £9,164.

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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 17 January 2023 and were signed by:

J M Wong - Director