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REGISTERED NUMBER: 00286241 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

John Wyatt Limited

John Wyatt Limited (Registered number: 00286241)






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




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


John Wyatt Limited (Registered number: 00286241)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46 357

CURRENT ASSETS
Debtors 5 163,501 471,431
Cash at bank 135,976 444,296
299,477 915,727
CREDITORS
Amounts falling due within one year 6 159,601 820,935
NET CURRENT ASSETS 139,876 94,792
TOTAL ASSETS LESS CURRENT
LIABILITIES

139,922

95,149

CREDITORS
Amounts falling due after more than
one year

7

15,000

24,167
NET ASSETS 124,922 70,982

CAPITAL AND RESERVES
Called up share capital 8 368,400 368,400
Retained earnings 9 (243,478 ) (297,418 )
SHAREHOLDERS' FUNDS 124,922 70,982

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 31 January 2024 and were signed on its behalf by:





S J Wyatt - Director


John Wyatt Limited (Registered number: 00286241)

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

1. STATUTORY INFORMATION

John Wyatt Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00286241

Registered office: Braithwaite Street
Holbeck Lane
Leeds
West Yorkshire
LS11 9XE

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover represents the value of goods and services, net of VAT, provided to customers during the year.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation less estimated residual value based on prices prevailing at the date of acquisition :

Plant and machinery 10-33.3%
Motor vehicles 10-25%

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

John Wyatt Limited (Registered number: 00286241)

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

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Computer and
equipment fittings Totals
£    £    £   
COST
At 1 January 2023 535 86,203 86,738
Disposals (311 ) (86,203 ) (86,514 )
At 31 December 2023 224 - 224
DEPRECIATION
At 1 January 2023 178 86,203 86,381
Eliminated on disposal - (86,203 ) (86,203 )
At 31 December 2023 178 - 178
NET BOOK VALUE
At 31 December 2023 46 - 46
At 31 December 2022 357 - 357

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 139,430 448,298
VAT 2,876 -
Deferred tax asset 18,113 18,672
Prepayments 3,082 4,461
163,501 471,431

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 70,838 745,610
Tax 11,070 8,096
Social security and other taxes (899 ) 894
VAT - 2,417
Other creditors 5,708 2,283
Directors' current accounts 11,684 5,240
Accrued expenses 51,200 46,395
159,601 820,935

John Wyatt Limited (Registered number: 00286241)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 5,000 14,167
15,000 24,167

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
290,400 Ordinary £1 290,400 290,400
78,000 13% Cumulative preference £1 78,000 78,000
368,400 368,400

The preference shares are irredeemable, non-voting, carry a cumulative dividend of 13% of nominal value and have a preferential right to return of capital on a winding up.

9. RESERVES
Retained
earnings
£   

At 1 January 2023 (297,418 )
Profit for the year 53,940
At 31 December 2023 (243,478 )

10. ULTIMATE CONTROLLING PARTY

The controlling party is S J Wyatt.