IRIS Accounts Production v24.3.0.553 09591181 director 1.6.23 31.5.24 31.5.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh095911812023-05-31095911812024-05-31095911812023-06-012024-05-31095911812022-05-31095911812022-06-012023-05-31095911812023-05-3109591181ns14:PoundSterling2023-06-012024-05-3109591181ns10:Director12023-06-012024-05-3109591181ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3109591181ns10:SmallEntities2023-06-012024-05-3109591181ns10:AuditExemptWithAccountantsReport2023-06-012024-05-3109591181ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3109591181ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3109591181ns10:FullAccounts2023-06-012024-05-310959118112023-06-012024-05-3109591181ns10:CompanySecretary12023-06-012024-05-3109591181ns10:RegisteredOffice2023-06-012024-05-3109591181ns5:CurrentFinancialInstruments2024-05-3109591181ns5:CurrentFinancialInstruments2023-05-3109591181ns5:ShareCapital2024-05-3109591181ns5:ShareCapital2023-05-3109591181ns5:RetainedEarningsAccumulatedLosses2024-05-3109591181ns5:RetainedEarningsAccumulatedLosses2023-05-3109591181ns5:NetGoodwill2023-06-012024-05-3109591181ns5:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3109591181ns5:PlantMachinery2023-06-012024-05-3109591181ns5:MotorVehicles2023-06-012024-05-3109591181ns5:ComputerEquipment2023-06-012024-05-3109591181ns5:NetGoodwill2023-05-3109591181ns5:NetGoodwill2024-05-3109591181ns5:NetGoodwill2023-05-3109591181ns5:PlantMachinery2023-05-3109591181ns5:MotorVehicles2023-05-3109591181ns5:ComputerEquipment2023-05-3109591181ns5:PlantMachinery2024-05-3109591181ns5:MotorVehicles2024-05-3109591181ns5:ComputerEquipment2024-05-3109591181ns5:PlantMachinery2023-05-3109591181ns5:MotorVehicles2023-05-3109591181ns5:ComputerEquipment2023-05-3109591181ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3109591181ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-31
REGISTERED NUMBER: 09591181










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

JASON WILLIAMS LIMITED

JASON WILLIAMS LIMITED (REGISTERED NUMBER: 09591181)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

JASON WILLIAMS LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTOR: J Williams





SECRETARY: J Williams





REGISTERED OFFICE: Gordon Cottage
Botley Road
Fair Oak
Eastleigh
Hampshire
SO50 7AN





REGISTERED NUMBER: 09591181





ACCOUNTANTS: Richard Small & Co
24 Central Precinct
Winchester Road
Chandlers Ford
Eastleigh
Hampshire
SO53 2GA

JASON WILLIAMS LIMITED (REGISTERED NUMBER: 09591181)

BALANCE SHEET
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,000 6,000
Tangible assets 5 3,632 4,139
6,632 10,139

CURRENT ASSETS
Stocks 40,235 29,200
Debtors 6 7,259 613
Cash at bank 91,741 37,483
139,235 67,296
CREDITORS
Amounts falling due within one year 7 79,163 35,041
NET CURRENT ASSETS 60,072 32,255
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,704

42,394

PROVISIONS FOR LIABILITIES 690 786
NET ASSETS 66,014 41,608

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 66,013 41,607
SHAREHOLDERS' FUNDS 66,014 41,608

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

JASON WILLIAMS LIMITED (REGISTERED NUMBER: 09591181)

BALANCE SHEET - continued
31 May 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 director and authorised for issue on 7 November 2024 and were signed by:





J Williams - Director


JASON WILLIAMS LIMITED (REGISTERED NUMBER: 09591181)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Jason Williams Limited is a private company, limited by shares , registered in Not specified/Other. 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

JASON WILLIAMS LIMITED (REGISTERED NUMBER: 09591181)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 30,000
AMORTISATION
At 1 June 2023 24,000
Charge for year 3,000
At 31 May 2024 27,000
NET BOOK VALUE
At 31 May 2024 3,000
At 31 May 2023 6,000

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 5,656 15,365 455 21,476
Additions 350 - 375 725
Disposals - - (199 ) (199 )
At 31 May 2024 6,006 15,365 631 22,002
DEPRECIATION
At 1 June 2023 3,217 13,828 292 17,337
Charge for year 699 384 130 1,213
Eliminated on disposal - - (180 ) (180 )
At 31 May 2024 3,916 14,212 242 18,370
NET BOOK VALUE
At 31 May 2024 2,090 1,153 389 3,632
At 31 May 2023 2,439 1,537 163 4,139

JASON WILLIAMS LIMITED (REGISTERED NUMBER: 09591181)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 6,616 -
Other debtors 643 613
7,259 613

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 18,297 8,637
Taxation and social security 59,092 17,125
Other creditors 1,774 9,279
79,163 35,041

8. ULTIMATE CONTROLLING PARTY

The controlling party is J Williams.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
JASON WILLIAMS LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Jason Williams Limited for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Jason Williams Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Jason Williams Limited and state those matters that we have agreed to state to the director of Jason Williams Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jason Williams Limited and its director for our work or for this report.

It is your duty to ensure that Jason Williams Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Jason Williams Limited. You consider that Jason Williams Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Jason Williams Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Richard Small & Co
24 Central Precinct
Winchester Road
Chandlers Ford
Eastleigh
Hampshire
SO53 2GA


Date: 07 November 2024