2 false false false false false false false false false true false false false false false false No description of principal activity 2022-07-01 Sage Accounts Production Advanced 2021 - FRS102_2021 6,807 4,605 1,015 5,620 1,187 2,202 8 8 8 xbrli:pure xbrli:shares iso4217:GBP 08575958 2022-07-01 2023-06-30 08575958 2023-06-30 08575958 2022-06-30 08575958 2021-07-01 2022-06-30 08575958 2022-06-30 08575958 bus:Director1 2022-07-01 2023-06-30 08575958 core:WithinOneYear 2023-06-30 08575958 core:WithinOneYear 2022-06-30 08575958 core:ShareCapital 2023-06-30 08575958 core:ShareCapital 2022-06-30 08575958 core:RetainedEarningsAccumulatedLosses 2023-06-30 08575958 core:RetainedEarningsAccumulatedLosses 2022-06-30 08575958 core:CostValuation core:Non-currentFinancialInstruments 2023-06-30 08575958 core:Non-currentFinancialInstruments 2023-06-30 08575958 core:Non-currentFinancialInstruments 2022-06-30 08575958 bus:SmallEntities 2022-07-01 2023-06-30 08575958 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 08575958 bus:FullAccounts 2022-07-01 2023-06-30 08575958 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 08575958 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 08575958 core:OfficeEquipment 2022-07-01 2023-06-30 08575958 core:OfficeEquipment 2023-06-30 08575958 core:OfficeEquipment 2022-06-30
COMPANY REGISTRATION NUMBER: 08575958
J W Eynon Ltd
Filleted Unaudited Financial Statements
30 June 2023
J W Eynon Ltd
Statement of Financial Position
30 June 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
1,187
2,202
Investments
6
8
8
-------
-------
1,195
2,210
Current assets
Debtors
7
2,098,551
558,347
Cash at bank and in hand
1,134,879
3,413,383
------------
------------
3,233,430
3,971,730
Creditors: amounts falling due within one year
8
5,459
7,568
------------
------------
Net current assets
3,227,971
3,964,162
------------
------------
Total assets less current liabilities
3,229,166
3,966,372
------------
------------
Net assets
3,229,166
3,966,372
------------
------------
Capital and reserves
Called up share capital
8
8
Profit and loss account
3,229,158
3,966,364
------------
------------
Shareholders funds
3,229,166
3,966,372
------------
------------
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 .
J W Eynon Ltd
Statement of Financial Position (continued)
30 June 2023
These financial statements were approved by the board of directors and authorised for issue on 16 February 2024 , and are signed on behalf of the board by:
Mr J W Eynon
Director
Company registration number: 08575958
J W Eynon 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 1 Picton Lane, Swansea, SA1 4AF.
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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
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:
Office equipment
-
25% straight line
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
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.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Tangible assets
Office equipment
Total
£
£
Cost
At 1 July 2022 and 30 June 2023
6,807
6,807
-------
-------
Depreciation
At 1 July 2022
4,605
4,605
Charge for the year
1,015
1,015
-------
-------
At 30 June 2023
5,620
5,620
-------
-------
Carrying amount
At 30 June 2023
1,187
1,187
-------
-------
At 30 June 2022
2,202
2,202
-------
-------
6. Investments
Other investments other than loans
£
Cost
At 1 July 2022 and 30 June 2023
8
----
Impairment
At 1 July 2022 and 30 June 2023
----
Carrying amount
At 30 June 2023
8
----
At 30 June 2022
8
----
7. Debtors
2023
2022
£
£
Other debtors
2,098,551
558,347
------------
---------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Social security and other taxes
407
408
Other creditors
5,052
7,160
-------
-------
5,459
7,568
-------
-------