Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-07-01false12truetruefalse 11928895 2022-07-01 2023-06-30 11928895 2021-07-01 2022-06-30 11928895 2023-06-30 11928895 2022-06-30 11928895 2021-07-01 11928895 c:Director1 2022-07-01 2023-06-30 11928895 d:PlantMachinery 2022-07-01 2023-06-30 11928895 d:OtherPropertyPlantEquipment 2022-07-01 2023-06-30 11928895 d:OtherPropertyPlantEquipment 2023-06-30 11928895 d:OtherPropertyPlantEquipment 2022-06-30 11928895 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 11928895 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2022-07-01 2023-06-30 11928895 d:CurrentFinancialInstruments 2023-06-30 11928895 d:CurrentFinancialInstruments 2022-06-30 11928895 d:Non-currentFinancialInstruments 2023-06-30 11928895 d:Non-currentFinancialInstruments 2022-06-30 11928895 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 11928895 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 11928895 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 11928895 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 11928895 d:ShareCapital 2023-06-30 11928895 d:ShareCapital 2022-06-30 11928895 d:RetainedEarningsAccumulatedLosses 2023-06-30 11928895 d:RetainedEarningsAccumulatedLosses 2022-06-30 11928895 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 11928895 d:AcceleratedTaxDepreciationDeferredTax 2022-06-30 11928895 c:OrdinaryShareClass1 2022-07-01 2023-06-30 11928895 c:OrdinaryShareClass1 2023-06-30 11928895 c:OrdinaryShareClass1 2022-06-30 11928895 c:FRS102 2022-07-01 2023-06-30 11928895 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 11928895 c:FullAccounts 2022-07-01 2023-06-30 11928895 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 11928895 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-07-01 2023-06-30 11928895 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-06-30 11928895 d:HirePurchaseContracts d:WithinOneYear 2023-06-30 11928895 d:HirePurchaseContracts d:WithinOneYear 2022-06-30 11928895 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-06-30 11928895 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-06-30 11928895 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-06-30 11928895 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-06-30 11928895 e:PoundSterling 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 11928895









JWC ENTERPRISES LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
JWC ENTERPRISES LIMITED
REGISTERED NUMBER: 11928895

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
19,128
54,789

Current assets
  

Debtors: amounts falling due within one year
 5 
822
3,907

Cash at bank
  
362,914
173,549

  
363,736
177,456

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(130,288)
(104,482)

Net current assets
  
 
 
233,448
 
 
72,974

Creditors: amounts falling due after more than one year
 7 
(2,147)
(6,442)

Provisions for liabilities
  

Deferred tax
 9 
(4,637)
(10,263)

Net assets
  
245,792
111,058


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
245,692
110,958

  
245,792
111,058


Page 1

 
JWC ENTERPRISES LIMITED
REGISTERED NUMBER: 11928895

BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






Mr J W Crickmore
Director

Date: 3 April 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
JWC ENTERPRISES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

JWC Enterprises Limited is a private Company limited by shares, incorporated in England and Wales within the United Kingdom. The address of the registered office is Blossom Tree Farm, Bell Lane, Cawood, North Yokshire, YO8 3UB. This Company is not part of a group. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
JWC ENTERPRISES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
JWC ENTERPRISES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
JWC ENTERPRISES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 1).

Page 6

 
JWC ENTERPRISES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Tangible fixed assets





Other fixed assets

£



Cost


At 1 July 2022
73,049


Disposals
(39,051)



At 30 June 2023

33,998



Depreciation


At 1 July 2022
18,260


Charge for the year on owned assets
190


Charge for the year on financed assets
6,180


Disposals
(9,760)



At 30 June 2023

14,870



Net book value



At 30 June 2023
19,128



At 30 June 2022
54,789

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Plant and machinery
18,547
24,727


5.


Debtors

2023
2022
£
£


Trade debtors
822
3,907


Page 7

 
JWC ENTERPRISES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
19,170
11,001

Corporation tax
52,604
29,081

Other taxation and social security
35,323
27,155

Net obligations under finance lease and hire purchase contracts
4,295
4,295

Other creditors
15,146
28,400

Accruals
3,750
4,550

130,288
104,482



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance lease and hire purchase contracts
2,147
6,442


The following liabilities were secured:

2023
2022
£
£



Hire purchases
6,442
10,737

Details of security provided:

Included within creditors are secured debts amounting to £6,442 (2022 - £10,737) which are secured on the fixed assets to which they relate.


8.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
4,295
4,295

Between 1-5 years
2,147
6,442

6,442
10,737

Page 8

 
JWC ENTERPRISES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

9.


Deferred taxation




2023
2022


£

£






At beginning of year
(10,263)
-


Charged to profit or loss
5,626
(10,263)



At end of year
(4,637)
(10,263)

2023
2022
£
£


Accelerated capital allowances
(4,637)
(10,263)


10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares shares of £1.00 each
100
100



11.


Related party transactions

During the year the Company operated loans with the director of the Company. The amount payable to the director of the Company at the year end was £15,147 (2022 - £28,400). This loan is interest free and repayable on demand. 


Page 9