JW Works Limited - Accounts to registrar (filleted) - small 23.1.2

JW Works Limited - Accounts to registrar (filleted) - small 23.1.2

JW WORKS LIMITED - Company Information

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REGISTERED NUMBER: 08429529 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2022

FOR

JW WORKS LIMITED

JW WORKS LIMITED (REGISTERED NUMBER: 08429529)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


JW WORKS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2022







DIRECTOR: SJ White





REGISTERED OFFICE: Daisy Green
Daisy Lane
WOTTON-UNDER-EDGE
Gloucestershire
GL12 7PF





REGISTERED NUMBER: 08429529 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
4th Floor
St James House
St James Square
Cheltenham
Gloucestershire
GL50 3PR
Page 1
JW WORKS LIMITED (REGISTERED NUMBER: 08429529)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2022

2022 2021
Notes £    £   
CURRENT ASSETS
Inventories 62,201 57,256
Debtors 5 1,212 800
Cash at bank and in hand 862 13,269
64,275 71,325
CREDITORS
Amounts falling due within one year 6 (57,694 ) (65,763 )
NET CURRENT ASSETS 6,581 5,562
TOTAL ASSETS LESS CURRENT
LIABILITIES
6,581
5,562

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6,481 5,462
SHAREHOLDERS' FUNDS 6,581 5,562

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 notes form part of these financial statements

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JW WORKS LIMITED (REGISTERED NUMBER: 08429529)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 2022


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 May 2023 and were signed by:





SJ White - Director


The notes form part of these financial statements

Page 3
JW WORKS LIMITED (REGISTERED NUMBER: 08429529)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022


1. STATUTORY INFORMATION

JW Works 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 33.3% on cost

Stocks
Inventories 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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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JW WORKS LIMITED (REGISTERED NUMBER: 08429529)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Office
equipment
£   
COST
At 1 October 2021
and 30 September 2022 1,006
DEPRECIATION
At 1 October 2021
and 30 September 2022 1,006
NET BOOK VALUE
At 30 September 2022 -
At 30 September 2021 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 1,212 800

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Taxation and social security 239 1,175
Other creditors 57,455 64,588
57,694 65,763

7. RELATED PARTY DISCLOSURES

Included within creditors: amounts falling due within one year is a director's loan account in the sum of £49,068 (2021: £54,318). The loan is unsecured, interest free and carries no fixed date of repayment.

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