Registered number
01391521
J. Ward (Grimsby) Limited
Filleted Accounts
31 December 2021
J. Ward (Grimsby) Limited
Registered number: 01391521
Balance Sheet
as at 31 December 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 3 60,163 57,678
Current assets
Cash at bank and in hand 8,202 6,874
Creditors: amounts falling due within one year 4 (26,921) (24,235)
Net current liabilities (18,719) (17,361)
Net assets 41,444 40,317
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 40,444 39,317
Shareholders' funds 41,444 40,317
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M L Vincent
Director
Approved by the board on 5 September 2022
J. Ward (Grimsby) Limited
Notes to the Accounts
for the year ended 31 December 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings no depreciation
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2021 57,678
Additions 2,485
At 31 December 2021 60,163
Depreciation
At 31 December 2021 -
Net book value
At 31 December 2021 60,163
At 31 December 2020 57,678
4 Creditors: amounts falling due within one year 2021 2020
£ £
Taxation and social security costs - 85
Other creditors 26,921 24,150
26,921 24,235
5 Related party transactions
During the year no dividends were paid to the shareholding director (2020: Nil).
The balance owed to the director was £26,921 (2020: £24,150) at the year end.
6 Controlling party
The company is wholly controlled by the director.
7 Other information
J. Ward (Grimsby) Limited is a private company limited by shares and incorporated in England. Its registered office is:
31 Abbey Road
Grimsby
N E Lincolnshire
DN32 0HQ
J. Ward (Grimsby) Limited 01391521 false 2021-01-01 2021-12-31 2021-12-31 VT Final Accounts April 2021 M L Vincent No description of principal activity 01391521 2020-01-01 2020-12-31 01391521 core:WithinOneYear 2020-12-31 01391521 core:ShareCapital 2020-12-31 01391521 core:RetainedEarningsAccumulatedLosses 2020-12-31 01391521 2021-01-01 2021-12-31 01391521 bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 01391521 bus:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 01391521 bus:Director40 2021-01-01 2021-12-31 01391521 2 2021-01-01 2021-12-31 01391521 core:LandBuildings 2021-01-01 2021-12-31 01391521 countries:England 2021-01-01 2021-12-31 01391521 bus:FRS102 2021-01-01 2021-12-31 01391521 bus:FullAccounts 2021-01-01 2021-12-31 01391521 2021-12-31 01391521 core:WithinOneYear 2021-12-31 01391521 core:ShareCapital 2021-12-31 01391521 core:RetainedEarningsAccumulatedLosses 2021-12-31 01391521 core:LandBuildings 2021-12-31 01391521 2020-12-31 01391521 core:LandBuildings 2020-12-31 iso4217:GBP xbrli:pure