JPW Yorkshire Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03326845 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

JPW YORKSHIRE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs P M Wales

Mr J Wales (Snr)

Mr J Wales

Mrs Z Wales

SECRETARY:

Mrs P Wales

REGISTERED OFFICE:

178 Carlton Road

Smithies

Barnsley

South Yorkshire

S71 2AW

REGISTERED NUMBER:

03326845 (England and Wales)

ACCOUNTANTS:

Gibson Booth Limited

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

BANKERS:

Yorkshire Bank Plc

2 Infirmary Street

Leeds

West Yorkshire

LS1 2UL

FIXED ASSETS

Tangible assets

4

62,380

55,099

CURRENT ASSETS

Stocks

5

207,253

353,532

Debtors

6

48,724

122,008

Cash at bank

414,480

6,236

670,457

481,776

CREDITORS

Amounts falling due within one year

7

439,987

259,375

NET CURRENT ASSETS

230,470

222,401

TOTAL ASSETS LESS CURRENT LIABILITIES

292,850

277,500

PROVISIONS FOR LIABILITIES

11,852

10,469

NET ASSETS

280,998

267,031

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

279,998

266,031

SHAREHOLDERS' FUNDS

280,998

267,031

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 for issue by the Board of Directors on 10 December 2018 and were signed on its behalf by:

Mr J Wales (Snr) - Director

1.	STATUTORY INFORMATION

JPW Yorkshire 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 financial statements are presented in sterling which is the functional currency of the

company and rounded to the nearest pound.

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.

Significant judgements and estimates

No judgements have been made in the process of applying the below accounting policies

that have had the most significant effect on amounts recognised in the financial

statements.

There are no key assumptions concerning the future and other key sources of estimation

uncertainty at the reporting date that have a significant risk of causing material adjustment

to the carrying amounts of assets and liabilities within the next financial year.

Turnover

Turnover is recognised to the extent that the company has obtained the right to

consideration through the performance of its contractual obligations. Where the substance

is that the company's contractual obligations are performed over time, turnover is

recognised as contract activity progresses to reflect the company's partial performance of

its contractual obligations. The amount recognised represents the right to consideration by

reference to the value of the work performed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent

of the expenses recognised that are recoverable.

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

-

20% on reducing balance

Fixtures and fittings

-

33% on cost

Motor vehicles

-

25% on reducing balance

Stocks

Developments in progress are valued at the lower of cost or net realisable value.

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.

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.

Operating lease agreement

Rentals applicable to operating leases where substantially all of the benefits and risks of

ownership remain with the lessor are charged against profits on a straight line basis over

the period of the lease.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the

contractual arrangement, as either financial assets, financial liabilities or equity

instruments. An equity instrument is any contract that evidences a residual interest in the

assets of the company after deducting all of its liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2017 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2017

126,844

1,698

23,177

151,719

Additions

-

-

18,500

18,500

At 31 March 2018

126,844

1,698

41,677

170,219

DEPRECIATION

At 1 April 2017

74,332

1,698

20,590

96,620

Charge for year

10,509

-

710

11,219

At 31 March 2018

84,841

1,698

21,300

107,839

NET BOOK VALUE

At 31 March 2018

42,003

-

20,377

62,380

At 31 March 2017

52,512

-

2,587

55,099

5.

STOCKS

31.3.18

31.3.17

£

£

Developments in progress

207,253

353,532

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

23,550

122,008

VAT

25,174

-

48,724

122,008

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

69,372

13,434

Corporation tax

15,693

4,386

Social security and other taxes

6,095

5,493

VAT

-

20,032

Directors' current accounts

326,749

212,848

Accruals and deferred income

22,078

3,182

439,987

259,375

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.18

31.3.17

value:

£

£

510

A Ordinary

£1

510

510

488

B Ordinary

£1

488

488

2

C Ordinary

£1

2

2

1,000

1,000