1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 04647160 2023-05-01 2024-04-30 04647160 2024-04-30 04647160 2023-04-30 04647160 2022-05-01 2023-04-30 04647160 2023-04-30 04647160 2022-04-30 04647160 core:PlantMachinery 2023-05-01 2024-04-30 04647160 core:FurnitureFittings 2023-05-01 2024-04-30 04647160 core:MotorVehicles 2023-05-01 2024-04-30 04647160 bus:Director1 2023-05-01 2024-04-30 04647160 core:PlantMachinery 2023-04-30 04647160 core:FurnitureFittings 2023-04-30 04647160 core:MotorVehicles 2023-04-30 04647160 core:PlantMachinery 2024-04-30 04647160 core:FurnitureFittings 2024-04-30 04647160 core:MotorVehicles 2024-04-30 04647160 core:WithinOneYear 2024-04-30 04647160 core:WithinOneYear 2023-04-30 04647160 core:AfterOneYear 2024-04-30 04647160 core:AfterOneYear 2023-04-30 04647160 core:ShareCapital 2024-04-30 04647160 core:ShareCapital 2023-04-30 04647160 core:RetainedEarningsAccumulatedLosses 2024-04-30 04647160 core:RetainedEarningsAccumulatedLosses 2023-04-30 04647160 core:PlantMachinery 2023-04-30 04647160 core:FurnitureFittings 2023-04-30 04647160 core:MotorVehicles 2023-04-30 04647160 bus:SmallEntities 2023-05-01 2024-04-30 04647160 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 04647160 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 04647160 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 04647160 bus:FullAccounts 2023-05-01 2024-04-30
COMPANY REGISTRATION NUMBER: 04647160
JJW Property Maintenance Limited
Filleted Unaudited Financial Statements
30 April 2024
JJW Property Maintenance Limited
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
2,126
2,829
Current assets
Stocks
250
250
Debtors
6
5,590
9,977
-------
--------
5,840
10,227
Creditors: amounts falling due within one year
7
12,441
12,110
--------
--------
Net current liabilities
6,601
1,883
-------
-------
Total assets less current liabilities
( 4,475)
946
Creditors: amounts falling due after more than one year
8
6,792
8,559
--------
-------
Net liabilities
( 11,267)
( 7,613)
--------
-------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 11,367)
( 7,713)
--------
-------
Shareholders deficit
( 11,267)
( 7,613)
--------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
JJW Property Maintenance Limited
Statement of Financial Position (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 24 October 2024 , and are signed on behalf of the board by:
J J Wyres
Director
Company registration number: 04647160
JJW Property Maintenance Limited
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Swallow House, Parsons Road, Washington, Tyne and Wear, NE37 1EZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & Machinery
-
25% reducing balance
Fixtures & Fittings
-
25% reducing balance
Motor Vehicles
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 May 2023 and 30 April 2024
2,876
4,214
15,594
22,684
-------
-------
--------
--------
Depreciation
At 1 May 2023
2,862
4,174
12,819
19,855
Charge for the year
2
8
693
703
-------
-------
--------
--------
At 30 April 2024
2,864
4,182
13,512
20,558
-------
-------
--------
--------
Carrying amount
At 30 April 2024
12
32
2,082
2,126
-------
-------
--------
--------
At 30 April 2023
14
40
2,775
2,829
-------
-------
--------
--------
6. Debtors
2024
2023
£
£
Other debtors
5,590
9,977
-------
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
11,349
11,017
Social security and other taxes
192
193
Other creditors
900
900
--------
--------
12,441
12,110
--------
--------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
6,792
8,559
-------
-------
9. Director's advances, credits and guarantees
Included in debtors is a directors loan balance of £5,188 (2023: £9,631).
10. Related party transactions
The company was under the control of Mr J J Wyres throughout the current and previous year. Mr J J Wyres is the managing director. No transactions with related parties were undertaken such as are required to be disclosed under the FRS102 Section 1A.