Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-11falseNo description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14040157 2022-04-10 14040157 2022-04-11 2023-03-31 14040157 2021-04-11 2022-04-10 14040157 2023-03-31 14040157 c:Director1 2022-04-11 2023-03-31 14040157 d:PlantMachinery 2022-04-11 2023-03-31 14040157 d:PlantMachinery 2023-03-31 14040157 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-11 2023-03-31 14040157 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-04-11 2023-03-31 14040157 d:MotorVehicles 2022-04-11 2023-03-31 14040157 d:MotorVehicles 2023-03-31 14040157 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-11 2023-03-31 14040157 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-04-11 2023-03-31 14040157 d:OfficeEquipment 2022-04-11 2023-03-31 14040157 d:OfficeEquipment 2023-03-31 14040157 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-11 2023-03-31 14040157 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2022-04-11 2023-03-31 14040157 d:OwnedOrFreeholdAssets 2022-04-11 2023-03-31 14040157 d:LeasedAssetsHeldAsLessee 2022-04-11 2023-03-31 14040157 d:CurrentFinancialInstruments 2023-03-31 14040157 d:Non-currentFinancialInstruments 2023-03-31 14040157 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 14040157 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 14040157 d:ShareCapital 2023-03-31 14040157 d:RetainedEarningsAccumulatedLosses 2023-03-31 14040157 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 14040157 c:OrdinaryShareClass1 2022-04-11 2023-03-31 14040157 c:OrdinaryShareClass1 2023-03-31 14040157 c:FRS102 2022-04-11 2023-03-31 14040157 c:AuditExempt-NoAccountantsReport 2022-04-11 2023-03-31 14040157 c:FullAccounts 2022-04-11 2023-03-31 14040157 c:PrivateLimitedCompanyLtd 2022-04-11 2023-03-31 14040157 2 2022-04-11 2023-03-31 14040157 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-03-31 14040157 d:LeasedAssetsHeldAsLessee 2023-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14040157









JWM FIRE PROTECTION & JOINERY LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2023

 
JWM FIRE PROTECTION & JOINERY LTD
REGISTERED NUMBER: 14040157

BALANCE SHEET
AS AT 31 MARCH 2023

2023
Note
£

Fixed assets
  

Tangible assets
 4 
27,014

  
27,014

Current assets
  

Stocks
  
9,116

Debtors: amounts falling due within one year
 5 
124,208

Cash at bank and in hand
  
173,294

  
306,618

Creditors: amounts falling due within one year
 6 
(147,531)

Net current assets
  
 
 
159,087

Total assets less current liabilities
  
186,101

Creditors: amounts falling due after more than one year
 7 
(12,681)

Provisions for liabilities
  

Deferred tax
  
(6,754)

  
 
 
(6,754)

Net assets
  
166,666


Capital and reserves
  

Called up share capital 
 9 
100

Profit and loss account
  
166,566

  
166,666


Page 1

 
JWM FIRE PROTECTION & JOINERY LTD
REGISTERED NUMBER: 14040157
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 October 2023.




J W Myers
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
JWM FIRE PROTECTION & JOINERY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 14040157. The Company's registered office is 13 Blacksmiths Lane, Newton Solney, Burton-On-Trent, DE15 0SD.
The company was incorporated on 11 April 2022 and was dormant until it commenced trading on 1 August 2022.  These accounts cover the period from incorporation to 31 March 2023.
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
JWM FIRE PROTECTION & JOINERY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Current and deferred taxation

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

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
JWM FIRE PROTECTION & JOINERY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
14%
Motor vehicles
-
20%
Office equipment
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
JWM FIRE PROTECTION & JOINERY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.12

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
Page 6

 
JWM FIRE PROTECTION & JOINERY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.13
Financial instruments (continued)


Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

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

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the period was 1.

Page 7

 
JWM FIRE PROTECTION & JOINERY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


Additions
445
35,580
1,690
37,715


Disposals
-
(9,590)
-
(9,590)



At 31 March 2023

445
25,990
1,690
28,125



Depreciation


Charge for the period on owned assets
-
799
28
827


Charge for the period on financed assets
-
1,083
-
1,083


Disposals
-
(799)
-
(799)



At 31 March 2023

-
1,083
28
1,111



Net book value



At 31 March 2023
445
24,907
1,662
27,014

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
£



Motor vehicles
24,907

24,907


5.


Debtors

2023
£


Trade debtors
39,668

Prepayments and accrued income
84,540

124,208


Page 8

 
JWM FIRE PROTECTION & JOINERY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

6.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
77,466

Corporation tax
54,922

Other taxation and social security
10,016

Obligations under finance lease and hire purchase contracts
3,306

Other creditors
525

Accruals and deferred income
1,296

147,531


The following liabilities were secured:

2023
£



Obligations under finance lease and hire purchase contracts
3,306

3,306

Details of security provided:

Obligations under finance lease and hire purchase contracts are secured against the asset to which they relate.

Page 9

 
JWM FIRE PROTECTION & JOINERY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due after more than one year

2023
£

Net obligations under finance leases and hire purchase contracts
12,681

12,681


The following liabilities were secured:

2023
£



Obligations under finance lease and hire purchase contracts
12,681

12,681

Details of security provided:

Obligations under finance lease and hire purchase contracts are secured against the asset to which they relate.


8.


Deferred taxation



2023


£






Charged to profit or loss
(6,754)



At end of year
(6,754)

The deferred taxation balance is made up as follows:

2023
£


Accelerated capital allowances
(6,754)

(6,754)

Page 10

 
JWM FIRE PROTECTION & JOINERY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

9.


Share capital

2023
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100


100 Ordinary shares of £1.00 each were allotted on incorporation at par value.


10.


Related party transactions

As at 31 March 2023 amounts were due to directors of £525.  Loans are interest free and repayable on demand.

 
Page 11