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REGISTERED NUMBER: 06203083 (England and Wales)










Financial Statements

for the Year Ended 30 April 2022

for

John Price (Wolverhampton) Limited

John Price (Wolverhampton) Limited (Registered number: 06203083)

Contents of the Financial Statements
for the Year Ended 30 April 2022










Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


John Price (Wolverhampton) Limited

Company Information
for the Year Ended 30 April 2022







Director: Mr. J Price





Registered office: 10 Meon Way
Wolverhampton
West Midlands
WV11 2QT





Registered number: 06203083 (England and Wales)





Accountants: Hughes & Co.
The Stables
Broseley Hall
Church Street
Broseley
Shropshire
TF12 5DG

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
John Price (Wolverhampton) Limited


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 and certain other primary statements and the Report of the Director are 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 John Price (Wolverhampton) Limited for the year ended 30 April 2022 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of John Price (Wolverhampton) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of John Price (Wolverhampton) Limited and state those matters that we have agreed to state to the director of John Price (Wolverhampton) Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that John Price (Wolverhampton) 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 John Price (Wolverhampton) Limited. You consider that John Price (Wolverhampton) 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 John Price (Wolverhampton) 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.






Hughes & Co.
The Stables
Broseley Hall
Church Street
Broseley
Shropshire
TF12 5DG


12 August 2022

John Price (Wolverhampton) Limited (Registered number: 06203083)

Balance Sheet
30 April 2022

2022 2021
Notes £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 278 370
278 370

Current assets
Debtors 6 10,178 10,199
Cash at bank 519 14
10,697 10,213
Creditors
Amounts falling due within one year 7 (3,593 ) (2,493 )
Net current assets 14,290 12,706
Total assets less current liabilities 14,568 13,076

Creditors
Amounts falling due after more than one
year

8

12,500

12,500
Net assets 2,068 576

Capital and reserves
Called up share capital 9 2 2
Retained earnings 10 2,066 574
Shareholders' funds 2,068 576

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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.

John Price (Wolverhampton) Limited (Registered number: 06203083)

Balance Sheet - continued
30 April 2022


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 August 2022 and were signed by:





Mr. J Price - Director


John Price (Wolverhampton) Limited (Registered number: 06203083)

Notes to the Financial Statements
for the Year Ended 30 April 2022


1. STATUTORY INFORMATION

John Price (Wolverhampton) 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, 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.
Fixtures and fittings - 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 (2021 - 1 ) .

John Price (Wolverhampton) Limited (Registered number: 06203083)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022


4. INTANGIBLE FIXED ASSETS
Goodwill
£
Cost
At 1 May 2021
and 30 April 2022 9,000
Amortisation
At 1 May 2021
and 30 April 2022 9,000
Net book value
At 30 April 2022 -
At 30 April 2021 -

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
Cost
At 1 May 2021
and 30 April 2022 2,373
Depreciation
At 1 May 2021 2,003
Charge for year 92
At 30 April 2022 2,095
Net book value
At 30 April 2022 278
At 30 April 2021 370

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Directors' current accounts 10,178 10,199

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Corporation tax 4,088 2,553
Social security and other taxes (8,341 ) (5,706 )
Accruals and deferred income 660 660
(3,593 ) (2,493 )

John Price (Wolverhampton) Limited (Registered number: 06203083)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2022


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£ £
Bank loans more 5 yr by instal 12,500 12,500

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,500 12,500

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £ £
2 Ordinary shares £1 2 2

10. RESERVES
Retained
earnings
£

At 1 May 2021 574
Profit for the year 17,342
Dividends (15,850 )
At 30 April 2022 2,066

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2022 and 30 April 2021:

2022 2021
£ £
Mr. J Price
Balance outstanding at start of year 10,199 -
Amounts advanced - 10,199
Amounts repaid (21 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,178 10,199

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr. J Price.