Company Registration No. 08765414 (England and Wales)
JMWARRACKS LTD.
Unaudited accounts
for the year ended 31 December 2021
JMWARRACKS LTD.
Unaudited accounts
Contents
JMWARRACKS LTD.
Company Information
for the year ended 31 December 2021
Directors
J. M. HARVEY
J. C. DEAKIN
Company Number
08765414 (England and Wales)
Registered Office
89 WHITELADIES ROAD
CLIFTON
BRISTOL
BS8 2NT
Accountants
FARQUHAR PARTNERSHIP LIMITED
151 WHITELADIES ROAD
CLIFTON
BRISTOL
BS8 2RA
JMWARRACKS LTD.
Statement of financial position
as at 31 December 2021
Tangible assets
1,381
2,422
Cash at bank and in hand
15,629
9,506
Creditors: amounts falling due within one year
(16,361)
(9,490)
Net current assets
17,952
12,851
Total assets less current liabilities
19,333
15,273
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
18,971
14,713
Shareholders' funds
19,071
14,813
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 April 2022 and were signed on its behalf by
J. M. HARVEY
Director
Company Registration No. 08765414
JMWARRACKS LTD.
Notes to the Accounts
for the year ended 31 December 2021
JMWARRACKS LTD. is a private company, limited by shares, registered in England and Wales, registration number 08765414. The registered office is 89 WHITELADIES ROAD, CLIFTON, BRISTOL, BS8 2NT .
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight line basis
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Government grants in relation to covid assistance are credited to profit and loss using the accruals model and are recognised in Other operating income.
JMWARRACKS LTD.
Notes to the Accounts
for the year ended 31 December 2021
4
Tangible fixed assets
Plant & machinery
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
18,684
11,496
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
15,118
9,020
Loans from directors
828
55
7
Deferred taxation
2021
2020
Accelerated capital allowances
262
460
Provision at start of year
460
-
(Credited)/charged to the profit and loss account
(198)
460
Provision at end of year
262
460
JMWARRACKS LTD.
Notes to the Accounts
for the year ended 31 December 2021
Allotted, called up and fully paid:
51 Ordinary shares of £1 each
51
51
49 Ordinary A shares of £1 each
49
49
9
Average number of employees
During the year the average number of employees was 0 (2020: 0).
