JW Associates (UK) Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 04391537 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2017

FOR

JW ASSOCIATES (UK) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J A Wasinko

REGISTERED OFFICE:

1 Broadway Gardens

Peterborough

PE1 4DU

REGISTERED NUMBER:

04391537 (England and Wales)

ACCOUNTANTS:

Harvey Winning & Co

Accountants & Tax Advisors

11 Thorpe Road

Peterborough

PE3 6AB

FIXED ASSETS

Tangible assets

4

1,001

707

CURRENT ASSETS

Debtors

5

4,200

12,382

Cash at bank

4,321

515

8,521

12,897

CREDITORS

Amounts falling due within one year

6

9,375

7,488

NET CURRENT (LIABILITIES)/ASSETS

(854

)

5,409

TOTAL ASSETS LESS CURRENT LIABILITIES

147

6,116

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

8

145

6,114

SHAREHOLDERS' FUNDS

147

6,116

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 30th November 2017 and were signed by:

Mr J A Wasinko - Director

1.	STATUTORY INFORMATION

JW Associates (UK) Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover 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.

Computer equipment

-

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st April 2016

2,969

Additions

628

At 31st March 2017

3,597

DEPRECIATION

At 1st April 2016

2,262

Charge for year

334

At 31st March 2017

2,596

NET BOOK VALUE

At 31st March 2017

1,001

At 31st March 2016

707

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

4,200

3,970

Other debtors

-

8,412

4,200

12,382

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

6,255

5,965

Other creditors

3,120

1,523

9,375

7,488

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

2

Ordinary

£1

2

2

8.

RESERVES

Retained

earnings

£

At 1st April 2016

6,114

Profit for the year

24,006

Dividends

(29,975

)

At 31st March 2017

145