Company registration number 03816557 (England and Wales)
JOSEPH WOOTTON & CO LIMITED
Unaudited Financial Statements
For The Year Ended 31 March 2024
Pages For Filing With Registrar
Joseph Wootton & Co Limited
JOSEPH WOOTTON & CO LIMITED
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
Joseph Wootton & Co Limited
JOSEPH WOOTTON & CO LIMITED
Balance Sheet
As At 31 March 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
874
128
Current assets
Debtors
4
95,139
150,138
Cash at bank and in hand
411,063
341,802
506,202
491,940
Creditors: amounts falling due within one year
5
(150,639)
(159,866)
Net current assets
355,563
332,074
Total assets less current liabilities
356,437
332,202
Provisions for liabilities
-
0
(32)
Net assets
356,437
332,170
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
356,337
332,070
Total equity
356,437
332,170

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 30 August 2024
Mr JJ Wootton
Director
Company registration number 03816557 (England and Wales)
Joseph Wootton & Co Limited
JOSEPH WOOTTON & CO LIMITED
Notes To The Financial Statements
For The Year Ended 31 March 2024
- 2 -
1
Accounting policies
Company information

Joseph Wootton & Co Limited is a private company limited by shares incorporated in England and Wales. The registered office is South Croft, Hepworth Road, Market Weston, Diss, Norfolk, England, IP22 2PQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
35% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Joseph Wootton & Co Limited
JOSEPH WOOTTON & CO LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 31 March 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023
1,350
Additions
874
At 31 March 2024
2,224
Depreciation and impairment
At 1 April 2023
1,222
Depreciation charged in the year
128
At 31 March 2024
1,350
Carrying amount
At 31 March 2024
874
At 31 March 2023
128
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
95,139
150,138
Joseph Wootton & Co Limited
JOSEPH WOOTTON & CO LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 31 March 2024
- 4 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
2,858
1,845
Corporation tax
38,455
43,741
Other taxation and social security
13,369
8,641
Other creditors
93,607
103,289
Accruals and deferred income
2,350
2,350
150,639
159,866
2024-03-312023-04-01false12 September 2024CCH SoftwareCCH Accounts Production 2024.200farm business consultancy
Mr J J WoottonGM Woottonfalsefalse
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