Company registration number 00978885 (England and Wales)
J.W.ENGINEERING LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
J.W.ENGINEERING LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
J.W.ENGINEERING LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Tangible assets
4
Current assets
Debtors
5
3,278
Cash at bank and in hand
2,709
2,709
2,709
5,987
Creditors: amounts falling due within one year
6
(394,891)
(394,891)
Net current liabilities
(392,182)
(388,904)
Capital and reserves
Called up share capital
10,000
10,000
Share premium account
44,000
44,000
Profit and loss reserves
(446,182)
(442,904)
Total equity
(392,182)
(388,904)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
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 13 September 2024
K Anderson
Director
Company Registration No. 00978885
J.W.ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information
J.W.Engineering Limited is a private company limited by shares incorporated in England and Wales. The registered office is Bishops House, 42 High Pavement, The Lace Market, Nottingham, NG1 1HN.
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. The principal accounting policies adopted are set out below.
1.2
Going concern
The Directors have prepared the Financial Statements on the basis that the Company is no longer a going concern, as the company is currently mothballed. All assets have been written down to net realisable value. true
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.
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
Taxation
The tax expense represents the sum of the deferred tax.
2
Employees
The average monthly number of persons (including the director and company secretary) employed by the company was
2023
2022
Number
Number
Total
2
2
J.W.ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
3
Taxation
2023
2022
£
£
Deferred tax
Origination and reversal of timing differences
3,278
720
4
Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2023 and 31 December 2023
13,227
Depreciation and impairment
At 1 January 2023 and 31 December 2023
13,227
Carrying amount
At 31 December 2023
At 31 December 2022
5
Debtors
2023
2022
Amounts falling due after more than one year:
£
£
Deferred tax asset
3,278
6
Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
394,891
394,891
J.W.ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
7
Audit report information
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:
The auditor's report was unqualified.
Senior Statutory Auditor:
Chris McKain
Statutory Auditor:
UHY Hacker Young
8
Related party transactions
The company has taken advantage of the exemption available under section 1AC.35 of FRS 102, from disclosing transactions entered into between two or more wholly-owned members of the group.
9
Parent company
The company is a subsidiary of Clegg Group Limited.
The parent undertaking of the smallest group for which consolidated accounts are prepared is Clegg Group Limited. Consolidated accounts are available from Companies House, Crown Way, Cardiff, CF14 3UZ.
The parent undertaking of the largest group for which consolidated accounts are prepared is Clegg Holdings Limited. Consolidated accounts are available from Companies House, Crown Way, Cardiff, CF14 3UZ.
In the opinion of the directors this is the company's ultimate controlling company. Clegg Holdings Limited is controlled by its directors, who own the equity of the company between them. The ultimate parent company is Clegg Employee Ownership Trust.