Registered number
09572497
Alwyn P John & Son Limited
Filleted Accounts
31 May 2023
Alwyn P John & Son Limited
Registered number: 09572497
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 8,833 17,666
Current assets
Debtors 4 24,670 21,389
Cash at bank and in hand 22,494 15,367
47,164 36,756
Creditors: amounts falling due within one year 5 (36,982) (29,609)
Net current assets 10,182 7,147
Total assets less current liabilities 19,015 24,813
Creditors: amounts falling due after more than one year 6 (2,803) (11,212)
Provisions for liabilities (8,006) (7,609)
Net assets 8,206 5,992
Capital and reserves
Called up share capital 100 100
Profit and loss account 8,106 5,892
Shareholders' funds 8,206 5,992
The directors are 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 directors acknowledge their 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.
A John
Director
Approved by the board on 23 October 2023
Alwyn P John & Son Limited
Notes to the Accounts
for the year ended 31 May 2023
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. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant and machinery over 5 years
Motor vehicles over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2022 6,941 39,056 45,997
At 31 May 2023 6,941 39,056 45,997
Depreciation
At 1 June 2022 4,897 23,434 28,331
Charge for the year 1,022 7,811 8,833
At 31 May 2023 5,919 31,245 37,164
Net book value
At 31 May 2023 1,022 7,811 8,833
At 31 May 2022 2,044 15,622 17,666
4 Debtors 2023 2022
£ £
Trade debtors 28,091 21,389
Other debtors (3,421) -
24,670 21,389
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 8,409 8,409
Trade creditors 1,690 -
Corporation tax 17,106 13,764
Other taxes and social security costs 5,867 4,105
Director's account 2,361 1,841
Other creditors 1,549 1,490
36,982 29,609
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 2,803 11,212
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
A John
Director's Loan - (2,361) - (2,361)
- (2,361) - (2,361)
The above loan was repaid within nine months of the year end.
8 Other information
Alwyn P John & Son Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
200 Swansea Road
Trebanos
Pontardawe
Swansea
SA8 4BU
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