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REGISTERED NUMBER: 08388871 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 March 2023

for

JWA Pipework Solutions Limited

JWA Pipework Solutions Limited (Registered number: 08388871)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JWA Pipework Solutions Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: J W Ashford
Mrs S Ashford





REGISTERED OFFICE: 122 Feering Hill
Feering
Colchester
Essex
CO5 9PY





REGISTERED NUMBER: 08388871 (England and Wales)





ACCOUNTANTS: Granite Morgan Smith Limited
122 Feering Hill
Feering
Colchester
Essex
CO5 9PY

JWA Pipework Solutions Limited (Registered number: 08388871)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 77,504 81,398

CURRENT ASSETS
Debtors 5 163,647 103,833
Cash at bank 130,307 1
293,954 103,834
CREDITORS
Amounts falling due within one year 6 229,658 129,302
NET CURRENT ASSETS/(LIABILITIES) 64,296 (25,468 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

141,800

55,930

CREDITORS
Amounts falling due after more than one
year

7

(48,341

)

(75,079

)

PROVISIONS FOR LIABILITIES (11,904 ) (12,464 )
NET ASSETS/(LIABILITIES) 81,555 (31,613 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 81,554 (31,614 )
81,555 (31,613 )

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 directors acknowledge their 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.

JWA Pipework Solutions Limited (Registered number: 08388871)

Balance Sheet - continued
31 March 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by:




J W Ashford - Director



Mrs S Ashford - Director


JWA Pipework Solutions Limited (Registered number: 08388871)

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

1. STATUTORY INFORMATION

JWA Pipework Solutions 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 and 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

JWA Pipework Solutions Limited (Registered number: 08388871)

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 165,266
Additions 21,752
At 31 March 2023 187,018
DEPRECIATION
At 1 April 2022 83,868
Charge for year 25,646
At 31 March 2023 109,514
NET BOOK VALUE
At 31 March 2023 77,504
At 31 March 2022 81,398

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 73,411 83,467
Other debtors 90,236 20,366
163,647 103,833

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 24,708 44,139
Hire purchase contracts (see note 8) 14,790 10,912
Trade creditors 124,709 29,840
Taxation and social security 60,695 39,116
Other creditors 4,756 5,295
229,658 129,302

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 25,000 49,701
Hire purchase contracts (see note 8) 23,341 25,378
48,341 75,079

JWA Pipework Solutions Limited (Registered number: 08388871)

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

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.23 31.3.22
£    £   
Net obligations repayable:
Within one year 14,790 10,912
Between one and five years 23,341 25,378
38,131 36,290

Non-cancellable operating leases
31.3.23 31.3.22
£    £   
Within one year 6,788 6,788
Between one and five years - 6,788
6,788 13,576

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the balance due by the company to J Ashford amounted to £819 (2022: £1,432 and S Ashford £ 78 (2022: £78). The loans are interest free and repayable on demand.