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COMPANY REGISTRATION NUMBER: 06620930
JW ARCHITECTS LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
PERIOD ENDING
30 June 2023
JW ARCHITECTS LTD
STATEMENT OF FINANCIAL POSITION
30 June 2023
2023
2022
Note
£
£
£
FIXED ASSETS
Tangible assets
5
28,122
37,841
CURRENT ASSETS
Debtors
6
56,908
49,920
Cash at bank and in hand
100,588
69,065
---------
---------
157,496
118,985
CREDITORS: amounts falling due within one year
7
101,510
44,370
---------
---------
NET CURRENT ASSETS
55,986
74,615
--------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
84,108
112,456
--------
---------
NET ASSETS
84,108
112,456
--------
---------
CAPITAL AND RESERVES
Called up share capital
102
102
Profit and loss account
84,006
112,354
--------
---------
SHAREHOLDERS FUNDS
84,108
112,456
--------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
JW ARCHITECTS LTD
STATEMENT OF FINANCIAL POSITION (continued)
30 June 2023
These financial statements were approved by the board of directors and authorised for issue on 13 March 2024 , and are signed on behalf of the board by:
J Whelan
Director
Company registration number: 06620930
JW ARCHITECTS LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Ridgewood, The Avenue, Farnham Common, Buckinghamshire, SL2 3JS.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of services provided, exclusive of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Income tax
Deferred Taxation is provided using the liability method on all timing differences that have originated but not reversed at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently state at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Equipment
-
33% reducing balance
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 3 (2022: 4 ).
5. TANGIBLE ASSETS
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 July 2022 and 30 June 2023
473
45,989
13,435
59,897
----
--------
--------
--------
Depreciation
At 1 July 2022
349
11,497
10,210
22,056
Charge for the year
31
8,623
1,065
9,719
----
--------
--------
--------
At 30 June 2023
380
20,120
11,275
31,775
----
--------
--------
--------
Carrying amount
At 30 June 2023
93
25,869
2,160
28,122
----
--------
--------
--------
At 30 June 2022
124
34,492
3,225
37,841
----
--------
--------
--------
6. DEBTORS
2023
2022
£
£
Trade debtors
26,908
48,920
Other debtors
30,000
1,000
--------
--------
56,908
49,920
--------
--------
7. CREDITORS: amounts falling due within one year
2023
2022
£
£
Corporation tax
31,460
8,901
Social security and other taxes
49,564
24,383
Other creditors
20,486
11,086
---------
--------
101,510
44,370
---------
--------