IRIS Accounts Production v23.4.0.336 13633948 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure136339482022-12-31136339482023-12-31136339482023-01-012023-12-31136339482021-12-31136339482022-01-012022-12-31136339482022-12-3113633948ns16:EnglandWales2023-01-012023-12-3113633948ns15:PoundSterling2023-01-012023-12-3113633948ns11:Director12023-01-012023-12-3113633948ns11:PrivateLimitedCompanyLtd2023-01-012023-12-3113633948ns11:SmallEntities2023-01-012023-12-3113633948ns11:AuditExempt-NoAccountantsReport2023-01-012023-12-3113633948ns11:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3113633948ns11:SmallCompaniesRegimeForAccounts2023-01-012023-12-3113633948ns11:FullAccounts2023-01-012023-12-3113633948ns11:Director22023-01-012023-12-3113633948ns11:CompanySecretary12023-01-012023-12-3113633948ns11:RegisteredOffice2023-01-012023-12-3113633948ns6:CurrentFinancialInstruments2023-12-3113633948ns6:CurrentFinancialInstruments2022-12-3113633948ns6:ShareCapital2023-12-3113633948ns6:ShareCapital2022-12-3113633948ns6:RetainedEarningsAccumulatedLosses2023-12-3113633948ns6:RetainedEarningsAccumulatedLosses2022-12-3113633948ns6:ComputerEquipment2023-01-012023-12-3113633948ns6:ComputerEquipment2022-12-3113633948ns6:ComputerEquipment2023-12-3113633948ns6:ComputerEquipment2022-12-3113633948ns6:WithinOneYearns6:CurrentFinancialInstruments2023-12-3113633948ns6:WithinOneYearns6:CurrentFinancialInstruments2022-12-3113633948ns6:RetainedEarningsAccumulatedLosses2022-12-3113633948ns6:RetainedEarningsAccumulatedLosses2023-01-012023-12-31
REGISTERED NUMBER: 13633948 (England and Wales)















JPW Business Tax Ltd.

Unaudited Financial Statements

for the Year Ended 31 December 2023






JPW Business Tax Ltd. (Registered number: 13633948)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JPW Business Tax Ltd.

Company Information
for the year ended 31 December 2023







Directors: S C Burling
J P Wehner





Secretary: S C Burling





Registered office: 20-22 Wenlock Road
London
N1 7GU





Registered number: 13633948 (England and Wales)

JPW Business Tax Ltd. (Registered number: 13633948)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 1,833 3,003

Current assets
Debtors 5 - 12,239
Cash at bank 34,081 122,207
34,081 134,446
Creditors
Amounts falling due within one year 6 7,346 48,823
Net current assets 26,735 85,623
Total assets less current liabilities 28,568 88,626

Capital and reserves
Called up share capital 4 4
Retained earnings 7 28,564 88,622
Shareholders' funds 28,568 88,626

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 11 April 2024 and were signed on its behalf by:





J P Wehner - Director


JPW Business Tax Ltd. (Registered number: 13633948)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

JPW Business Tax Ltd. 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.

Set out below is a summary of principal accounting policies, all of which have been consistently applied throughout the year and the preceding year (except as otherwise stated). The financial statements are presented in Sterling.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

(a) Critical judgements in applying the Company's accounting policies

The Company makes a number of assessments which require judgement in preparing the accounts and can have a significant effect upon the financial statements. However due to the straight forward nature of the Company's business, management does not believe that there are any judgements that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

(b) Key accounting estimates and assumptions

The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. However due to the straight forward nature of the Company's business, management does not believe that there are any estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover represents amounts receivable for services provided in the year and is stated net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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.


JPW Business Tax Ltd. (Registered number: 13633948)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. Accounting policies - continued
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.

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.

Financial instruments
(i) Cash and cash equivalents
This includes cash in hand, deposits held with banks, and other short-term highly liquid investments with original maturities of three months or less.

(ii) Trade and other receivables
Trade and other receivables are initially recognised at the transaction price, including any transaction costs. Amounts that are receivable within one year are measured at the undiscounted amount of the cash expected to be received, net of any impairment.

At the end of each reporting period, the Company assesses whether there is objective evidence that an receivable amount may be impaired. A provision for impairment is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables. The amount of the provision is the difference between the asset's carrying amount and the present value of the estimated future cash flows, discounted at the effective interest rate. The amount of the provision is recognised immediately in profit or loss.

(iii) Trade and other payables and loans and borrowings
Trade and other payables and loans and borrowings are initially measured at the transaction price, including any transaction price, including any transaction costs.

3. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

4. Tangible fixed assets
Computer
equipment
£
Cost
At 1 January 2023
and 31 December 2023 3,511
Depreciation
At 1 January 2023 508
Charge for year 1,170
At 31 December 2023 1,678
Net book value
At 31 December 2023 1,833
At 31 December 2022 3,003

JPW Business Tax Ltd. (Registered number: 13633948)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors - 4,103
Other debtors - 8,136
- 12,239

6. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 95 2,701
Taxation and social security 249 38,970
Other creditors 7,002 7,152
7,346 48,823

7. Reserves
Retained
earnings
£

At 1 January 2023 88,622
Deficit for the year (58 )
Dividends (60,000 )
At 31 December 2023 28,564