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REGISTERED NUMBER: 01349364 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 April 2024

for

W.J. Joyce (Engineers) Limited

W.J. Joyce (Engineers) Limited (Registered number: 01349364)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


W.J. Joyce (Engineers) Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: W J Joyce
A N Joyce





REGISTERED OFFICE: Polebarn Road Garage
Polebarn Road
Trowbridge
BA14 7BG





REGISTERED NUMBER: 01349364 (England and Wales)





ACCOUNTANTS: Silbury Accountants Limited
Chartered Accountants
Oak Apple House
North Street
Milborne Port
Sherborne
DT9 5EW

W.J. Joyce (Engineers) Limited (Registered number: 01349364)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 65,774 68,536
Investments 5 1,088,000 1,088,000
1,153,774 1,156,536

CURRENT ASSETS
Inventories 489,275 510,688
Debtors 6 84,966 87,819
Cash at bank and in hand 636,033 695,950
1,210,274 1,294,457
CREDITORS
Amounts falling due within one year 7 862,524 855,085
NET CURRENT ASSETS 347,750 439,372
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,501,524

1,595,908

PROVISIONS FOR LIABILITIES 1,542 1,542
NET ASSETS 1,499,982 1,594,366

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 1,499,980 1,594,364
SHAREHOLDERS' FUNDS 1,499,982 1,594,366

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

W.J. Joyce (Engineers) Limited (Registered number: 01349364)

Statement of Financial Position - continued
30 April 2024


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 9 September 2024 and were signed on its behalf by:




W J Joyce - Director



A N Joyce - Director


W.J. Joyce (Engineers) Limited (Registered number: 01349364)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

W.J. Joyce (Engineers) 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
Revenue 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.
Freehold land - not provided
Improvements to property - 10% on cost
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

W.J. Joyce (Engineers) Limited (Registered number: 01349364)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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 9 (2023 - 9 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 61,200 232,475 293,675
DEPRECIATION
At 1 May 2023 - 225,139 225,139
Charge for year - 2,762 2,762
At 30 April 2024 - 227,901 227,901
NET BOOK VALUE
At 30 April 2024 61,200 4,574 65,774
At 30 April 2023 61,200 7,336 68,536

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 1,088,000
NET BOOK VALUE
At 30 April 2024 1,088,000
At 30 April 2023 1,088,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 84,966 87,819

W.J. Joyce (Engineers) Limited (Registered number: 01349364)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 126,647 151,977
Taxation and social security 94,984 103,954
Other creditors 640,893 599,154
862,524 855,085

8. LEASING AGREEMENTS
The total amount due under non-cancellable operating leases is £39,000 (2023 £39,000).

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
200 Ordinary £0.01 2 2

10. ULTIMATE CONTROLLING PARTY

The controlling party is W J Joyce.