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REGISTERED NUMBER: 12196847 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

JWTC LIMITED

JWTC LIMITED (REGISTERED NUMBER: 12196847)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 January 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


JWTC LIMITED

COMPANY INFORMATION
for the year ended 31 January 2024







DIRECTORS: J W T Cundall
Mrs R L Cundall





REGISTERED OFFICE: The Barn
Middlefield House
Westow
York
North Yorkshire
YO60 7LW





REGISTERED NUMBER: 12196847 (England and Wales)

JWTC LIMITED (REGISTERED NUMBER: 12196847)

STATEMENT OF FINANCIAL POSITION
31 January 2024

2024 2023
Notes £    £    £    £   
ASSETS

FIXED ASSETS
Tangible assets 4 277,987 317,732
Investments 5 50 50
278,037 317,782

CURRENT ASSETS
Stocks 33,277 19,077
Debtors 6 67,557 186,922
Investments 7 77,046 38,632
Cash at bank and in hand 60,280 131,334
238,160 375,965
516,197 693,747

CAPITAL, RESERVES AND LIABILITIES

CAPITAL AND RESERVES
Called up share capital 350,100 350,100
Retained earnings (313,436 ) (234,536 )
36,664 115,564

PROVISIONS FOR LIABILITIES - 36,025

CREDITORS 8 479,533 542,158
516,197 693,747

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

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 28 January 2025 and were signed on its behalf by:





J W T Cundall - Director


JWTC LIMITED (REGISTERED NUMBER: 12196847)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 January 2024


1. STATUTORY INFORMATION

JWTC 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 presentational and functional currency is £ sterling.

Going concern
The company has a net asset position and the directors are satisfied that there are sufficient resources in place to continue operating for the foreseeable future having carefully considered the commitments of the company. Thus the directors therefore consider it appropriate to continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover
Turnover 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.
Improvements to property - 20% on cost
Plant and machinery - 6.7% to 33.3% straight line
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value.

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
Assets acquired under finance lease agreements, including hire purchase agreements, are capitalised and the corresponding liability is included in creditors. Finance lease interest is charged to the profit and loss account on a straight line basis over the period of the agreement. Operating lease rentals are charged against profits of the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2023 - 31 ) .

JWTC LIMITED (REGISTERED NUMBER: 12196847)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024


4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 5,365 368,218 25,850 2,380 401,813
Additions - 340 - - 340
At 31 January 2024 5,365 368,558 25,850 2,380 402,153
DEPRECIATION
At 1 February 2023 715 77,823 4,940 603 84,081
Charge for year 537 36,725 2,585 238 40,085
At 31 January 2024 1,252 114,548 7,525 841 124,166
NET BOOK VALUE
At 31 January 2024 4,113 254,010 18,325 1,539 277,987
At 31 January 2023 4,650 290,395 20,910 1,777 317,732

The net book value of fixed assets includes £14,337 (2023 - £16,292) in respect of assets held under finance leases.

5. FIXED ASSET INVESTMENTS
Interest
in joint
venture
£   
COST
At 1 February 2023
and 31 January 2024 50
NET BOOK VALUE
At 31 January 2024 50
At 31 January 2023 50

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,421 130,195
Other debtors 42,136 56,727
67,557 186,922

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Other 77,046 38,632

JWTC LIMITED (REGISTERED NUMBER: 12196847)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024


8. CREDITORS
2024 2023
£    £   
Amounts falling due within one year:
Bank loans and overdrafts 12,329 12,329
Hire purchase contracts 3,910 3,910
Trade creditors 152,524 192,664
Taxation and social security 70,636 103,599
Other creditors 181,906 155,189
421,305 467,691

Amounts falling due after more than one year:
Bank loans 48,779 61,108
Hire purchase contracts 9,449 13,359
58,228 74,467

Aggregate amounts 479,533 542,158

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,965 15,294

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 13,359 17,269

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
J W T Cundall and Mrs R L Cundall
Balance outstanding at start of year - 80,698
Amounts advanced - 116,078
Amounts repaid - (196,776 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Interest has been charged on overdrawn loans at the HMRC beneficial rate.