John Walton Engraving Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 05233045 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2023

for

John Walton Engraving Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr R Hyde

REGISTERED OFFICE:

Marland House

13 Huddersfield Road

Barnsley

South Yorkshire

S70 2LW

REGISTERED NUMBER:

05233045 (England and Wales)

ACCOUNTANTS:

Harris & Co Limited

Chartered Accountants

Marland House

13 Huddersfield Road

Barnsley

South Yorkshire

S70 2LW

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

27,398

13,538

Investments

7

30,040

56,140

57,438

69,678

CURRENT ASSETS

Stocks

8,500

8,125

Debtors

8

103,858

88,093

Cash at bank and in hand

12,607

43,223

124,965

139,441

CREDITORS

Amounts falling due within one year

9

32,896

53,908

NET CURRENT ASSETS

92,069

85,533

TOTAL ASSETS LESS CURRENT LIABILITIES

149,507

155,211

PROVISIONS FOR LIABILITIES

5,767

2,572

NET ASSETS

143,740

152,639

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

143,640

152,539

SHAREHOLDERS' FUNDS

143,740

152,639

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 May 2024 and were signed by:

Mr R Hyde - Director

1.	STATUTORY INFORMATION

John Walton Engraving 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.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis under the historical cost convention.

Significant judgements and estimates

The principal accounting policies and significant judgements and estimates applied in the preparation of

these financial statements are set out below. These policies, judgements and estimates have been

consistently applied to all years presented unless otherwise stated.

Turnover

Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods and services falling within the company's ordinary activities.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five 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.

Plant and machinery

-

15% on reducing balance

All fixed assets are initially recorded at cost.

Stocks

Stocks 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 Statement of Income and Retained Earnings, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2022

and 31 August 2023

68,000

AMORTISATION

At 1 September 2022

and 31 August 2023

68,000

NET BOOK VALUE

At 31 August 2023

-

At 31 August 2022

-

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 September 2022

70,028

Additions

16,950

At 31 August 2023

86,978

DEPRECIATION

At 1 September 2022

56,490

Charge for year

3,090

At 31 August 2023

59,580

NET BOOK VALUE

At 31 August 2023

27,398

At 31 August 2022

13,538

7.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 September 2022

56,140

Disposals

(26,100

)

At 31 August 2023

30,040

NET BOOK VALUE

At 31 August 2023

30,040

At 31 August 2022

56,140

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

36,024

27,991

Other debtors

67,834

60,102

103,858

88,093

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

4,870

11,000

Taxation and social security

21,760

38,632

Other creditors

6,266

4,276

32,896

53,908

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

60

Ordinary

£1

60

60

40

B Ordinary Sahres

£1

40

40

100

100