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REGISTERED NUMBER: 04055482 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 January 2024

for

J W SPORTS LIMITED

J W SPORTS LIMITED (REGISTERED NUMBER: 04055482)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J W SPORTS LIMITED

Company Information
for the Year Ended 31 January 2024







DIRECTORS: J P Woosley
Mrs A Woosley





SECRETARY: Mrs A Woosley





REGISTERED OFFICE: 4 Sudley Road
Bognor Regis
West Sussex
PO21 1EU





REGISTERED NUMBER: 04055482 (England and Wales)





ACCOUNTANTS: Adams Beeny Limited
4 Sudley Road
Bognor Regis
West Sussex
PO21 1EU

J W SPORTS LIMITED (REGISTERED NUMBER: 04055482)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 53,449 51,782

CURRENT ASSETS
Stocks 201,000 204,786
Debtors 5 25,806 23,254
Cash at bank 72,857 41,393
299,663 269,433
CREDITORS
Amounts falling due within one year 6 188,582 186,572
NET CURRENT ASSETS 111,081 82,861
TOTAL ASSETS LESS CURRENT
LIABILITIES

164,530

134,643

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 164,380 134,493
SHAREHOLDERS' FUNDS 164,530 134,643

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.

J W SPORTS LIMITED (REGISTERED NUMBER: 04055482)

Balance Sheet - continued
31 January 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 14 January 2025 and were signed on its behalf by:




J P Woosley - Director



Mrs A Woosley - Director


J W SPORTS LIMITED (REGISTERED NUMBER: 04055482)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

J W Sports 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.

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.
Plant and machinery etc - 20% on reducing balance, 15% on reducing balance and 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 15 (2023 - 9 ) .

J W SPORTS LIMITED (REGISTERED NUMBER: 04055482)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 175,670
Additions 10,044
At 31 January 2024 185,714
DEPRECIATION
At 1 February 2023 123,888
Charge for year 8,377
At 31 January 2024 132,265
NET BOOK VALUE
At 31 January 2024 53,449
At 31 January 2023 51,782

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 22,922 21,099
Other debtors 2,884 2,155
25,806 23,254

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 24,102 28,980
Hire purchase contracts 2,036 3,536
Trade creditors 28,836 49,127
Taxation and social security 13,262 13,517
Other creditors 120,346 91,412
188,582 186,572

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.1.24 31.1.23
£    £   
J P Woosley and Mrs A Woosley
Balance outstanding at start of year (85,937 ) (87,766 )
Amounts advanced 20,030 46,895
Amounts repaid (32,871 ) (45,066 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (98,778 ) (85,937 )

J W SPORTS LIMITED (REGISTERED NUMBER: 04055482)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

The loan is repayable on demand.