Company Registration No. 09649650 (England and Wales)
WMJ Services Ltd
Unaudited accounts
for the year ended 30 June 2023
WMJ Services Ltd
Unaudited accounts
Contents
WMJ Services Ltd
Company Information
for the year ended 30 June 2023
Company Number
09649650 (England and Wales)
Registered Office
VENTA HOUSE 9A PORT ROAD
MAESGLAS RETAIL PARK
NEWPORT
NP20 2NS
WALES
Accountants
Evans Entwistle
Venta House
Maes-glas
Newport
NP20 2NS
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
WMJ Services Ltd
for the year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of WMJ Services Ltd for the year ended 30 June 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Member in Practice
Venta House
Maes-glas
Newport
NP20 2NS
23 October 2023
WMJ Services Ltd
Statement of financial position
as at 30 June 2023
Tangible assets
8,869
9,930
Cash at bank and in hand
14,742
11,433
Creditors: amounts falling due within one year
(6,963)
(3,952)
Net current assets
7,779
14,455
Total assets less current liabilities
18,764
26,051
Creditors: amounts falling due after more than one year
(5,387)
(8,189)
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
12,636
15,974
Shareholders' funds
12,637
15,975
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 October 2023 and were signed on its behalf by
Warren Jones
Director
Company Registration No. 09649650
WMJ Services Ltd
Notes to the Accounts
for the year ended 30 June 2023
WMJ Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 09649650. The registered office is VENTA HOUSE 9A PORT ROAD, MAESGLAS RETAIL PARK, NEWPORT, NP20 2NS, WALES.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
4 years straight line
Fixtures & fittings
4 years straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Investments in crypto currency are included at historical cost.
WMJ Services Ltd
Notes to the Accounts
for the year ended 30 June 2023
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 July 2022
19,200
5,489
24,689
At 30 June 2023
24,495
5,489
29,984
At 1 July 2022
10,400
4,359
14,759
Charge for the year
5,683
673
6,356
At 30 June 2023
16,083
5,032
21,115
At 30 June 2023
8,412
457
8,869
At 30 June 2022
8,800
1,130
9,930
5
Investments
Other investments
Valuation at 1 July 2022
1,666
Valuation at 30 June 2023
2,116
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
2,855
2,855
Taxes and social security
3,993
982
8
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
-
191
WMJ Services Ltd
Notes to the Accounts
for the year ended 30 June 2023
9
Deferred taxation
2023
2022
Accelerated capital allowances
740
1,887
Provision at start of year
1,887
3,004
Credited to the profit and loss account
(1,147)
(1,117)
Provision at end of year
740
1,887
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
11
Average number of employees
During the year the average number of employees was 1 (2022: 1).