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REGISTERED NUMBER: 04087546 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

John Papworth Limited

John Papworth Limited (Registered number: 04087546)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


John Papworth Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: J R Papworth





REGISTERED OFFICE: 19, Greenacres
Puriton
Bridgwater
Somerset
TA7 8FN





REGISTERED NUMBER: 04087546 (England and Wales)





ACCOUNTANTS: Lawson & Co.
18, The Lagger
Chalfont St. Giles
Bucks.
HP8 4DG

John Papworth Limited (Registered number: 04087546)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 887 1,183

CURRENT ASSETS
Debtors 5 297,500 187,145
Cash at bank 396,242 445,115
693,742 632,260
CREDITORS
Amounts falling due within one year 6 93,776 94,258
NET CURRENT ASSETS 599,966 538,002
TOTAL ASSETS LESS CURRENT
LIABILITIES

600,853

539,185

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 600,852 539,184
SHAREHOLDERS' FUNDS 600,853 539,185

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 October 2023 and were signed by:





J R Papworth - Director


John Papworth Limited (Registered number: 04087546)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

John Papworth 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 etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

John Papworth Limited (Registered number: 04087546)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 6,005
DEPRECIATION
At 1 April 2022 4,822
Charge for year 296
At 31 March 2023 5,118
NET BOOK VALUE
At 31 March 2023 887
At 31 March 2022 1,183

5. DEBTORS
31.3.23 31.3.22
£    £   
Amounts falling due within one year:
Trade debtors 102,988 28,012
Other debtors 124,512 89,133
227,500 117,145

Amounts falling due after more than one year:
Other debtors 70,000 70,000

Aggregate amounts 297,500 187,145

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Taxation and social security 75,976 68,502
Other creditors 17,800 25,756
93,776 94,258

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1 Ordinary £1 1 1

John Papworth Limited (Registered number: 04087546)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. RESERVES
Retained
earnings
£   

At 1 April 2022 539,184
Profit for the year 321,668
Dividends (260,000 )
At 31 March 2023 600,852

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
J R Papworth
Balance outstanding at start of year 77,429 -
Amounts advanced 26,359 77,429
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 103,788 77,429

10. RELATED PARTY DISCLOSURES

The company is controlled by director and shareholder Mr. J. Papworth.

During the year the director, in his capacity as a shareholder, has received dividends amounting to £260,000 (2022: £210,000).