J.M.W. Resources Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 05101833 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2023

for

J.M.W. Resources Limited

Page

Balance Sheet

1

Chartered Accountants' Report

3

CURRENT ASSETS

12,063

40,077

CREDITORS

Amounts falling due within one year

(19,698

)

(63,660

)

NET CURRENT LIABILITIES

(7,635

)

(23,583

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(7,635

)

(23,583

)

CREDITORS

Amounts falling due after more than one year

29,916

30,833

NET LIABILITIES

(37,551

)

(54,416

)

CAPITAL AND RESERVES

(37,551

)

(54,416

)

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 NIL (2022 - 6 ) .

3.	CORONAVIRUS (COVID-19) PANDEMIC

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.

Following the outcome of a court case, the company ceased to trade on 31 July 2022 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 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 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 12 January 2024 and were signed by:

J M Wong - Director

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement is not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J.M.W. Resources Limited for the year ended 30 April 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of J.M.W. Resources Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of J.M.W. Resources Limited and state those matters that we have agreed to state to the director of J.M.W. Resources Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J.M.W. Resources Limited and its director for our work or for this report.

It is your duty to ensure that J.M.W. Resources Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of J.M.W. Resources Limited. You consider that J.M.W. Resources Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of J.M.W. Resources Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Topping & Company

Chartered Accountants

209 Liverpool Road

Birkdale

Southport

Merseyside

PR8 4PH

12 January 2024