Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-312022-02-01falsegame bird shooting22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04907408 2022-02-01 2023-01-31 04907408 2021-02-01 2022-01-31 04907408 2023-01-31 04907408 2022-01-31 04907408 c:Director2 2022-02-01 2023-01-31 04907408 d:Buildings 2022-02-01 2023-01-31 04907408 d:Buildings 2023-01-31 04907408 d:Buildings 2022-01-31 04907408 d:MotorVehicles 2022-02-01 2023-01-31 04907408 d:MotorVehicles 2023-01-31 04907408 d:MotorVehicles 2022-01-31 04907408 d:CurrentFinancialInstruments 2023-01-31 04907408 d:CurrentFinancialInstruments 2022-01-31 04907408 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 04907408 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 04907408 d:ShareCapital 2023-01-31 04907408 d:ShareCapital 2022-01-31 04907408 d:RetainedEarningsAccumulatedLosses 2022-02-01 2023-01-31 04907408 d:RetainedEarningsAccumulatedLosses 2023-01-31 04907408 d:RetainedEarningsAccumulatedLosses 2022-01-31 04907408 c:OrdinaryShareClass1 2022-02-01 2023-01-31 04907408 c:OrdinaryShareClass1 2023-01-31 04907408 c:OrdinaryShareClass1 2022-01-31 04907408 c:FRS102 2022-02-01 2023-01-31 04907408 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 04907408 c:FullAccounts 2022-02-01 2023-01-31 04907408 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 04907408 2 2022-02-01 2023-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04907408










J AND W SPORT LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2023

 
J AND W SPORT LTD
REGISTERED NUMBER: 04907408

BALANCE SHEET
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
327,658
327,658

  
327,658
327,658

Current assets
  

Stocks
  
300
300

Debtors: amounts falling due within one year
 6 
6,000
6,000

Cash at bank and in hand
 7 
305,317
290,880

  
311,617
297,180

Creditors: amounts falling due within one year
 8 
(104,730)
(129,477)

Net current assets
  
 
 
206,887
 
 
167,703

Total assets less current liabilities
  
534,545
495,361

  

Net assets
  
534,545
495,361


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
 10 
534,445
495,261

  
534,545
495,361


Page 1

 
J AND W SPORT LTD
REGISTERED NUMBER: 04907408
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 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 year 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 comprehensive income 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 27 October 2023.




W A Shearer
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
J AND W SPORT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

J & W Sport Limited (04907408) is a private company limited by shares, incorporated in Wales, with its registered office and principal place of business at Bryn Coch, Tregynon, Newtown, Powys, SY16 3PX.
The principal activity of J & W Sport Ltd is game bird field activities.

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

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.

 
2.3

Interest income

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

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
J AND W SPORT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.5

Taxation

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.

 
2.6

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
No depreciation
Motor vehicles
-
25%
Reducing balance

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.

 
2.7

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.

 
2.8

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.

Page 4

 
J AND W SPORT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.9

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.

 
2.10

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.

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations or future events that are believed to be reasonable under the circumstances.
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the directors there are no estimates nor assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.


4.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 5

 
J AND W SPORT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

5.


Tangible fixed assets





Freehold property
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 February 2022
327,656
294
327,950



At 31 January 2023

327,656
294
327,950



Depreciation


At 1 February 2022
-
292
292



At 31 January 2023

-
292
292



Net book value



At 31 January 2023
327,656
2
327,658



At 31 January 2022
327,656
2
327,658


6.


Debtors

2023
2022
£
£


Trade debtors
6,000
6,000

6,000
6,000



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
305,318
290,880

305,318
290,880


Page 6

 
J AND W SPORT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
18,599
42,844

Other taxation and social security
9,191
9,873

Other creditors
75,200
75,200

Accruals and deferred income
1,740
1,560

104,730
129,477



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



10.


Reserves

Profit and loss account

The Profit & Loss account comprises for the accumulated profits of the Company, less distributions made to the shareholders.


11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £7,200 (2022 - £7,200) . Contributions totaling £nil (2022 - £nil) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 7