John Watkinson Limited 07379138 false 2017-05-01 2018-04-30 2018-04-30 The principal activity of the company is Provision of Medical services Digita Accounts Production Advanced 6.21.8540.0 Software true 07379138 2017-05-01 2018-04-30 07379138 2018-04-30 07379138 core:RetainedEarningsAccumulatedLosses 2018-04-30 07379138 core:ShareCapital 2018-04-30 07379138 core:CurrentFinancialInstruments 2018-04-30 07379138 core:CurrentFinancialInstruments core:WithinOneYear 2018-04-30 07379138 core:FurnitureFittingsToolsEquipment 2018-04-30 07379138 bus:SmallEntities 2017-05-01 2018-04-30 07379138 bus:AuditExemptWithAccountantsReport 2017-05-01 2018-04-30 07379138 bus:FullAccounts 2017-05-01 2018-04-30 07379138 bus:SmallCompaniesRegimeForAccounts 2017-05-01 2018-04-30 07379138 bus:RegisteredOffice 2017-05-01 2018-04-30 07379138 bus:Director1 2017-05-01 2018-04-30 07379138 bus:PrivateLimitedCompanyLtd 2017-05-01 2018-04-30 07379138 core:ComputerEquipment 2017-05-01 2018-04-30 07379138 core:FurnitureFittings 2017-05-01 2018-04-30 07379138 core:FurnitureFittingsToolsEquipment 2017-05-01 2018-04-30 07379138 countries:AllCountries 2017-05-01 2018-04-30 07379138 2017-04-30 07379138 core:FurnitureFittingsToolsEquipment 2017-04-30 07379138 2016-05-01 2017-04-30 07379138 2017-04-30 07379138 core:RetainedEarningsAccumulatedLosses 2017-04-30 07379138 core:ShareCapital 2017-04-30 07379138 core:CurrentFinancialInstruments 2017-04-30 07379138 core:CurrentFinancialInstruments core:WithinOneYear 2017-04-30 07379138 core:FurnitureFittingsToolsEquipment 2017-04-30 iso4217:GBP xbrli:pure

Registration number: 07379138

John Watkinson Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2018

Ballards LLP
Chartered Accountants
Oakmoore Court
11c Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH

 

John Watkinson Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 5

 

John Watkinson Limited

Company Information

Director

Mr J C Watkinson

Registered office

Oakmoore Court
11c Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH

Accountants

Ballards LLP
Chartered Accountants
Oakmoore Court
11c Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH

 

John Watkinson Limited

(Registration number: 07379138)
Balance Sheet as at 30 April 2018

Note

2018
£

2017
£

Fixed assets

 

Tangible assets

4

4,054

5,160

Current assets

 

Debtors

5

28,318

51,831

Cash at bank and in hand

 

76,996

94,073

 

105,314

145,904

Creditors: Amounts falling due within one year

6

(23,322)

(16,491)

Net current assets

 

81,992

129,413

Net assets

 

86,046

134,573

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

85,946

134,473

Total equity

 

86,046

134,573

For the financial year ending 30 April 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 19 July 2018
 

.........................................
Mr J C Watkinson
Director

   
 

John Watkinson Limited

Notes to the Financial Statements for the Year Ended 30 April 2018

1

General information

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
Oakmoore Court
11c Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH
United Kingdom

These financial statements were authorised for issue by the director on 19 July 2018.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

John Watkinson Limited

Notes to the Financial Statements for the Year Ended 30 April 2018

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

33% reducing balance

Furniture and fittings

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2017 - 1).

 

John Watkinson Limited

Notes to the Financial Statements for the Year Ended 30 April 2018

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 May 2017

14,499

14,499

Additions

1,051

1,051

At 30 April 2018

15,550

15,550

Depreciation

At 1 May 2017

9,339

9,339

Charge for the year

2,157

2,157

At 30 April 2018

11,496

11,496

Carrying amount

At 30 April 2018

4,054

4,054

At 30 April 2017

5,160

5,160

5

Debtors

2018
£

2017
£

Trade debtors

28,318

51,831

Total current trade and other debtors

28,318

51,831

6

Creditors

Creditors: amounts falling due within one year

Note

2018
£

2017
£

Due within one year

 

Amounts owed to related parties

1,733

399

Other creditors

 

21,589

16,092

 

23,322

16,491