Registered number
07136322
JXW Development Consultants Limited
Unaudited Filleted Accounts
31 January 2024
JXW Development Consultants Limited
Registered number: 07136322
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 198,460 133,188
Current assets
Stocks 15,667 15,667
Debtors 4 207,424 233,774
Investments held as current assets 5 72,918 72,918
Cash at bank and in hand 12,334 22,797
308,343 345,156
Creditors: amounts falling due within one year 6 (81,230) (114,316)
Net current assets 227,113 230,840
Total assets less current liabilities 425,573 364,028
Creditors: amounts falling due after more than one year 7 (78,451) (11,056)
Provisions for liabilities (19,743) (1,201)
Net assets 327,379 351,771
Capital and reserves
Called up share capital 100 100
Profit and loss account 327,279 351,671
Shareholders' funds 327,379 351,771
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs J Perkins
Director
Approved by the board on 30 September 2024
JXW Development Consultants Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Alterations to leasehold property 10% on cost
Fixtures, fittings and equipment 20% on cost
Motor vehicles 25% on reducing balance
Investments
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 February 2023 113,893 139,689 - 253,582
Additions 19,252 6,689 91,819 117,760
Disposals - (2,059) - (2,059)
At 31 January 2024 133,145 144,319 91,819 369,283
Depreciation
At 1 February 2023 61,485 58,909 - 120,394
Charge for the year 8,967 20,566 22,955 52,488
On disposals - (2,059) - (2,059)
At 31 January 2024 70,452 77,416 22,955 170,823
Net book value
At 31 January 2024 62,693 66,903 68,864 198,460
At 31 January 2023 52,408 80,780 - 133,188
4 Debtors 2024 2023
£ £
Trade debtors - 24,000
Other debtors 207,424 209,774
207,424 233,774
5 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments 72,918 72,918
The investments were revalued at 31 January 2017. The directors consider this to be a fair valuation as at the year end.
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,138 4,738
Obligations under finance lease and hire purchase contracts 6,210 -
Trade creditors 504 20,121
Taxation and social security costs 37,099 57,498
Other creditors 32,279 31,959
81,230 114,316
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 5,918 11,056
Obligations under finance lease and hire purchase contracts 72,533 -
78,451 11,056
All hire purchase contracts are secured on the assets to which they relate.
8 Other information
JXW Development Consultants Limited is a private company limited by shares and incorporated in England. Its registered office is:
Portland House
21 Narborough Road
Cosby
Leicester
LE9 1TA
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