JA Warne Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 12499957 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

JA WARNE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J A Warne

REGISTERED OFFICE:

14 Saxonville

Benfleet

Essex

SS7 5TD

REGISTERED NUMBER:

12499957 (England and Wales)

ACCOUNTANTS:

Bayar Hughes & Co

Chartered Certified Accountants

4 Green Lane Business Park

238 Green lane

New Eltham

London

SE9 3TL

FIXED ASSETS

Intangible assets

4

5,950

6,800

Tangible assets

5

3,071

2,876

9,021

9,676

CURRENT ASSETS

Debtors

6

1,911

-

Cash at bank

19,175

16,496

21,086

16,496

CREDITORS

Amounts falling due within one year

7

9,862

17,357

NET CURRENT ASSETS/(LIABILITIES)

11,224

(861

)

TOTAL ASSETS LESS CURRENT LIABILITIES

20,245

8,815

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8

20,145

8,715

SHAREHOLDERS' FUNDS

20,245

8,815

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 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 director and authorised for issue on 4 August 2023 and were signed by:

Mr J A Warne - Director

1.	STATUTORY INFORMATION

JA Warne 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment, Fixtures & Fittings

-

25% on reducing balance

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.

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 life. Those held under finance lease are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charges to the profit or loss over the the relevant period. The capital element of 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2022

and 31 March 2023

8,500

AMORTISATION

At 1 April 2022

1,700

Amortisation for year

850

At 31 March 2023

2,550

NET BOOK VALUE

At 31 March 2023

5,950

At 31 March 2022

6,800

5.	TANGIBLE FIXED ASSETS

Equipment,

Fixtures

& Fittings

£

COST

At 1 April 2022

5,114

Additions

1,219

At 31 March 2023

6,333

DEPRECIATION

At 1 April 2022

2,238

Charge for year

1,024

At 31 March 2023

3,262

NET BOOK VALUE

At 31 March 2023

3,071

At 31 March 2022

2,876

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade Debtors

1,911

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Corporation Tax

7,603

2,202

Social Security & Other Taxes

157

-

Director's Loan Account

746

14,099

Other Creditors & Accruals

1,356

1,056

9,862

17,357

8.

RESERVES

Retained

earnings

£

At 1 April 2022

8,715

Profit for the year

31,430

Dividends

(20,000

)

At 31 March 2023

20,145