IRIS Accounts Production v23.3.0.418 11337862 director 1.6.21 31.5.22 31.5.22 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure113378622021-05-31113378622022-05-31113378622021-06-012022-05-31113378622020-05-31113378622020-06-012021-05-31113378622021-05-3111337862ns16:EnglandWales2021-06-012022-05-3111337862ns15:PoundSterling2021-06-012022-05-3111337862ns11:Director12021-06-012022-05-3111337862ns11:PrivateLimitedCompanyLtd2021-06-012022-05-3111337862ns11:SmallEntities2021-06-012022-05-3111337862ns11:AuditExempt-NoAccountantsReport2021-06-012022-05-3111337862ns11:SmallCompaniesRegimeForDirectorsReport2021-06-012022-05-3111337862ns11:SmallCompaniesRegimeForAccounts2021-06-012022-05-3111337862ns11:FullAccounts2021-06-012022-05-3111337862ns11:OrdinaryShareClass12021-06-012022-05-3111337862ns11:RegisteredOffice2021-06-012022-05-3111337862ns6:CurrentFinancialInstruments2022-05-3111337862ns6:CurrentFinancialInstruments2021-05-3111337862ns6:Non-currentFinancialInstruments2022-05-3111337862ns6:Non-currentFinancialInstruments2021-05-3111337862ns6:ShareCapital2022-05-3111337862ns6:ShareCapital2021-05-3111337862ns6:RetainedEarningsAccumulatedLosses2022-05-3111337862ns6:RetainedEarningsAccumulatedLosses2021-05-3111337862ns6:PlantMachinery2021-06-012022-05-3111337862ns6:MotorVehicles2021-06-012022-05-3111337862ns6:PlantMachinery2021-05-3111337862ns6:MotorVehicles2021-05-3111337862ns6:PlantMachinery2022-05-3111337862ns6:MotorVehicles2022-05-3111337862ns6:PlantMachinery2021-05-3111337862ns6:MotorVehicles2021-05-3111337862ns6:WithinOneYearns6:CurrentFinancialInstruments2022-05-3111337862ns6:WithinOneYearns6:CurrentFinancialInstruments2021-05-3111337862ns6:DeferredTaxation2021-06-012022-05-3111337862ns6:DeferredTaxation2022-05-3111337862ns11:OrdinaryShareClass12022-05-3111337862ns6:RetainedEarningsAccumulatedLosses2021-05-3111337862ns6:RetainedEarningsAccumulatedLosses2021-06-012022-05-3111337862ns11:Director112021-05-3111337862ns11:Director112020-05-3111337862ns11:Director112021-06-012022-05-3111337862ns11:Director112020-06-012021-05-3111337862ns11:Director112022-05-3111337862ns11:Director112021-05-31
REGISTERED NUMBER: 11337862 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2022

FOR

J W SERVICES NE LIMITED

J W SERVICES NE LIMITED (REGISTERED NUMBER: 11337862)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J W SERVICES NE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2022







DIRECTOR: J A Wood





REGISTERED OFFICE: 1 Linden Villas
Coxhoe
Durham
Co. Durham
DH6 4DX





REGISTERED NUMBER: 11337862 (England and Wales)





ACCOUNTANTS: SBCA Chartered Accountants
17 Moor Park Avenue
Preston
Lancashire
PR1 6AS

J W SERVICES NE LIMITED (REGISTERED NUMBER: 11337862)

BALANCE SHEET
31ST MAY 2022

31.5.22 31.5.21
as restated
Notes £    £   
FIXED ASSETS
Tangible assets 4 11,004 14,320

CURRENT ASSETS
Debtors 5 58,412 37,172
Cash at bank 7 571
58,419 37,743
CREDITORS
Amounts falling due within one year 6 (43,281 ) (21,921 )
NET CURRENT ASSETS 15,138 15,822
TOTAL ASSETS LESS CURRENT LIABILITIES 26,142 30,142

CREDITORS
Amounts falling due after more than
one year

7

(22,935

)

(30,000

)

PROVISIONS FOR LIABILITIES 8 (2,091 ) -
NET ASSETS 1,116 142

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 1,115 141
SHAREHOLDERS' FUNDS 1,116 142

J W SERVICES NE LIMITED (REGISTERED NUMBER: 11337862)

BALANCE SHEET - continued
31ST MAY 2022


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18th October 2023 and were signed by:





J A Wood - Director


J W SERVICES NE LIMITED (REGISTERED NUMBER: 11337862)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2022


1. STATUTORY INFORMATION

J W Services NE 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.

Tangible 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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Government grants
Government grants are credited to the statement of comprehensive income as follows:
- A grant that does not impose specified future performance-related conditions is recognised in income when the grant proceeds are received or receivable.
- A grant that imposes specified future performance-related conditions is recognised in income only when the performance-related conditions are met.

J W SERVICES NE LIMITED (REGISTERED NUMBER: 11337862)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2022


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Basic financial assets:
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future cash flows discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities:
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities:
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future cash flows discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if the payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


J W SERVICES NE LIMITED (REGISTERED NUMBER: 11337862)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2022


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st June 2021
and 31st May 2022 3,963 23,542 27,505
DEPRECIATION
At 1st June 2021 1,325 11,860 13,185
Charge for year 395 2,921 3,316
At 31st May 2022 1,720 14,781 16,501
NET BOOK VALUE
At 31st May 2022 2,243 8,761 11,004
At 31st May 2021 2,638 11,682 14,320

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.22 31.5.21
as restated
£    £   
Trade debtors 11,210 2,963
Other debtors 47,202 34,209
58,412 37,172

J W SERVICES NE LIMITED (REGISTERED NUMBER: 11337862)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2022


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.22 31.5.21
as restated
£    £   
Bank loans and overdrafts 3,533 -
Hire purchase contracts - 3,178
Trade creditors 5,994 5,172
Taxation and social security 28,589 12,751
Other creditors 5,165 820
43,281 21,921

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.22 31.5.21
as restated
£    £   
Bank loans 22,935 30,000

8. PROVISIONS FOR LIABILITIES
31.5.22 31.5.21
as restated
£    £   
Deferred tax 2,091 -

Deferred
tax
£   
Charge to Statement of Income and Retained Earnings
during year

2,091
Balance at 31st May 2022 2,091

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.22 31.5.21
value: as
restated
£    £   
1 Ordinary £1 1 1

J W SERVICES NE LIMITED (REGISTERED NUMBER: 11337862)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2022


10. RESERVES
Retained
earnings
£   

At 1st June 2021 141
Profit for the year 1,974
Dividends (1,000 )
At 31st May 2022 1,115

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st May 2022 and 31st May 2021:

31.5.22 31.5.21
as restated
£    £   
J A Wood
Balance outstanding at start of year 16,709 -
Amounts advanced 108,585 16,709
Amounts repaid (103,087 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 22,207 16,709

At the balance sheet date amounts owed from the director amounted to £22,207 (2021; £16,709). Amounts are repayable on demand and interest has been charged at the official HMRC rate.