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REGISTERED NUMBER: 07745353 (England and Wales)
















JWP LEGAL LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






JWP LEGAL LIMITED (REGISTERED NUMBER: 07745353)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JWP LEGAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: J R Wilkinson
A L Steele
G O Long
D A Dobson
L K Monks
J M Siddons





REGISTERED OFFICE: 9 Cheapside
Wakefield
West Yorkshire
WF1 2SD





REGISTERED NUMBER: 07745353 (England and Wales)





ACCOUNTANTS: UHY BPR Heaton
Chartered Accountants
Glenewes House
Gate Way Drive
Leeds
West Yorkshire
LS19 7XY

JWP LEGAL LIMITED (REGISTERED NUMBER: 07745353)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 344,587 335,169
344,587 335,169

CURRENT ASSETS
Debtors 6 608,635 651,904
Cash at bank and in hand 585,669 617,212
1,194,304 1,269,116
CREDITORS
Amounts falling due within one year 7 865,461 749,190
NET CURRENT ASSETS 328,843 519,926
TOTAL ASSETS LESS CURRENT
LIABILITIES

673,430

855,095

CREDITORS
Amounts falling due after more than one
year

8

(184,675

)

(201,750

)

PROVISIONS FOR LIABILITIES (11,343 ) (8,871 )
NET ASSETS 477,412 644,474

CAPITAL AND RESERVES
Called up share capital 489 489
Capital redemption reserve 511 511
Retained earnings 476,412 643,474
SHAREHOLDERS' FUNDS 477,412 644,474

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

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

JWP LEGAL LIMITED (REGISTERED NUMBER: 07745353)

BALANCE SHEET - continued
30 JUNE 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 26 September 2024 and were signed on its behalf by:





J R Wilkinson - Director


JWP LEGAL LIMITED (REGISTERED NUMBER: 07745353)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

JWP Legal 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.

The financial statements are presented in sterling which is the functional currency of the company rounded to the nearest pound.

The significant accounting policies applied in the preparation of these financial statements are set out below.

The financial statements have been prepared using the going concern basis.

Turnover
Revenue represents the fair value of consideration receivable in respect of professional services provided during the year where the right to consideration has been obtained through performance.

Invoices raised but unpaid at the balance sheet date are shown in 'Trade debtors'. Provision has been made for amounts considered to be irrecoverable.

Work on hand at the balance sheet date is included in 'Accrued income' at selling price, being the value of the right to consideration in respect of that work based on its stage of completion.

In respect of long-term contracts and contracts for ongoing services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for ongoing services is recognised by reference to the stage of completion.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% on straight line basis
Improvements to property - 10% on straight line basis
Office equipment - 15% on reducing balance
Computer equipment - 30% on reducing balance

JWP LEGAL LIMITED (REGISTERED NUMBER: 07745353)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are initially measured at transaction price, except for those financial assets classified as at fair value through profit or loss.

Basic financial instruments
Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors, trade creditors and uncomplicated bank loans.

Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e.cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.

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.

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.

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 42 (2023 - 41 ) .

JWP LEGAL LIMITED (REGISTERED NUMBER: 07745353)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 1,040,000
AMORTISATION
At 1 July 2023
and 30 June 2024 1,040,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 305,546 188,041 493,587
Additions - 21,209 21,209
At 30 June 2024 305,546 209,250 514,796
DEPRECIATION
At 1 July 2023 9,333 149,085 158,418
Charge for year 3,111 8,680 11,791
At 30 June 2024 12,444 157,765 170,209
NET BOOK VALUE
At 30 June 2024 293,102 51,485 344,587
At 30 June 2023 296,213 38,956 335,169

Included in cost of land and buildings is freehold land of £ 150,000 (2023 - £ 150,000 ) which is not depreciated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 151,697 175,776
Other debtors 456,938 476,128
608,635 651,904

JWP LEGAL LIMITED (REGISTERED NUMBER: 07745353)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans 20,567 64,847
Taxation and social security 561,116 470,529
Other creditors 283,778 213,814
865,461 749,190

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 184,675 201,750

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 123,079 123,994

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 82,744 83,385
Between one and five years 112,582 153,991
195,326 237,376

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 205,242 266,597

National Westminster Bank PLC holds a fixed and floating charge over all the property or undertaking of the company.