Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30true2falseNo description of principal activitytrue22022-12-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09870203 2022-12-01 2023-11-30 09870203 2021-12-01 2022-11-30 09870203 2023-11-30 09870203 2022-11-30 09870203 c:Director1 2022-12-01 2023-11-30 09870203 d:CurrentFinancialInstruments 2023-11-30 09870203 d:CurrentFinancialInstruments 2022-11-30 09870203 d:Non-currentFinancialInstruments 2023-11-30 09870203 d:Non-currentFinancialInstruments 2022-11-30 09870203 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 09870203 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 09870203 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 09870203 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 09870203 d:ShareCapital 2023-11-30 09870203 d:ShareCapital 2022-11-30 09870203 d:RetainedEarningsAccumulatedLosses 2023-11-30 09870203 d:RetainedEarningsAccumulatedLosses 2022-11-30 09870203 c:FRS102 2022-12-01 2023-11-30 09870203 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 09870203 c:FullAccounts 2022-12-01 2023-11-30 09870203 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 09870203 2 2022-12-01 2023-11-30 09870203 d:TaxLossesCarry-forwardsDeferredTax 2023-11-30 09870203 d:TaxLossesCarry-forwardsDeferredTax 2022-11-30 iso4217:GBP xbrli:pure
Registered number: 09870203


JD & KW DEVELOPMENTS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 NOVEMBER 2023

 
JD & KW DEVELOPMENTS LIMITED
REGISTERED NUMBER:09870203

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
  
452,667
431,653

Debtors: amounts falling due within one year
 4 
949
4,146

Cash at bank and in hand
 5 
454
1,283

  
454,070
437,082

Creditors: amounts falling due within one year
 6 
(355,899)
(335,560)

Net current assets
  
 
 
98,171
 
 
101,522

Creditors: amounts falling due after more than one year
  
(20,000)
(25,000)

  

Net assets
  
78,171
76,522


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
78,071
76,422

  
78,171
76,522


Page 1

 
JD & KW DEVELOPMENTS LIMITED
REGISTERED NUMBER:09870203
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The directors consider 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 directors acknowledge their 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: 






................................................
K Waite
Director

Date: 20 August 2024


The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
JD & KW DEVELOPMENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

JD & KW Developments Limited is a private limited company registered in England and Wales, registration no. 09870203. The registered office is 1 Riverview Gardens, Denford, Kettering, NN14 4QY.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
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.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

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 income 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.

Page 3

 
JD & KW DEVELOPMENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the Statement of Income and Retained Earnings in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 4

 
JD & KW DEVELOPMENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Directors
2
2


4.


Debtors

2023
2022
£
£


Other debtors
-
2,988

Deferred taxation
949
1,158

949
4,146



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
454
1,283



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,000
10,000

Other taxation and social security
6,059
6,129

Other creditors
337,990
317,581

Accruals and deferred income
1,850
1,850

355,899
335,560


Page 5

 
JD & KW DEVELOPMENTS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
20,000
25,000


The bank loan is unsecured and falls due for repayment within 5 years.


8.


Deferred taxation




2023


£






At beginning of year
1,158


Charged to profit or loss
(209)



At end of year
949

The deferred tax asset is made up as follows:

2023
2022
£
£


Tax losses carried forward
949
1,158

 
Page 6