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REGISTERED NUMBER: 12062193 (England and Wales)















Financial Statements for the Year Ended 30 June 2023

for

LWJ Solutions Limited

LWJ Solutions Limited (Registered number: 12062193)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LWJ Solutions Limited

Company Information
for the Year Ended 30 June 2023







Directors: L Farrington
B Whiting
J L Clark
J Campbell
A Wyatt





Registered office: Allia Future Business Centre
Kings Hedges Road
Cambridge
CB4 2HY





Registered number: 12062193 (England and Wales)





Accountants: Jordan Thomas Lane
135 High Street
Great Abington
Cambridgeshire
CB21 6AE

LWJ Solutions Limited (Registered number: 12062193)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 43,052 37,972

Current assets
Stocks 45,052 166,500
Debtors 5 292,785 192,719
Cash at bank 7,237 30,720
345,074 389,939
Creditors
Amounts falling due within one year 6 837,683 368,965
Net current (liabilities)/assets (492,609 ) 20,974
Total assets less current liabilities (449,557 ) 58,946

Creditors
Amounts falling due after more than one
year

7

(88,965

)

(50,464

)

Provisions for liabilities (8,180 ) (7,215 )
Net (liabilities)/assets (546,702 ) 1,267

Capital and reserves
Called up share capital 312 305
Retained earnings (547,014 ) 962
(546,702 ) 1,267

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

LWJ Solutions Limited (Registered number: 12062193)

Balance Sheet - continued
30 June 2023


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 29 March 2024 and were signed on its behalf by:





B Whiting - Director


LWJ Solutions Limited (Registered number: 12062193)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

LWJ Solutions Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Office equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 7 ) .

LWJ Solutions Limited (Registered number: 12062193)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Plant and Office
machinery equipment Totals
£    £    £   
COST
At 1 July 2022 50,122 1,278 51,400
Additions 28,696 2,330 31,026
Disposals (16,810 ) - (16,810 )
At 30 June 2023 62,008 3,608 65,616
DEPRECIATION
At 1 July 2022 12,739 689 13,428
Charge for year 12,348 676 13,024
Eliminated on disposal (3,888 ) - (3,888 )
At 30 June 2023 21,199 1,365 22,564
NET BOOK VALUE
At 30 June 2023 40,809 2,243 43,052
At 30 June 2022 37,383 589 37,972

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 285,840 144,467
Other debtors 212 205
Prepayments and accrued income 6,733 48,047
292,785 192,719

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 63,154 52,778
Hire purchase contracts 7,893 9,810
Trade creditors 417,692 189,814
Tax 490 11,027
Social security and other taxes 41,810 515
VAT 231,277 32,549
Other creditors 74,067 61,222
Directors' loan accounts - 10,000
Accrued expenses 1,300 1,250
837,683 368,965

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans 38,167 24,200
Hire purchase contracts 28,798 26,264
Directors' loan accounts 22,000 -
88,965 50,464