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REGISTERED NUMBER: 05863455 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

JTW CONTRACTORS LIMITED

JTW CONTRACTORS LIMITED (REGISTERED NUMBER: 05863455)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


JTW CONTRACTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr T Pirogowski
Mr J Zatorski
Mr M Maher





REGISTERED OFFICE: Unit 2.13
Q West
1100 Great West Road
Brentford
London
TW8 0GP





REGISTERED NUMBER: 05863455 (England and Wales)





ACCOUNTANTS: David Simon Limited
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

JTW CONTRACTORS LIMITED (REGISTERED NUMBER: 05863455)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 872 996
Tangible assets 5 538 3,825
1,410 4,821

CURRENT ASSETS
Stocks 155,921 149,116
Debtors 6 1,894,228 559,791
Cash at bank - 625,068
2,050,149 1,333,975
CREDITORS
Amounts falling due within one year 7 584,414 507,385
NET CURRENT ASSETS 1,465,735 826,590
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,467,145

831,411

CREDITORS
Amounts falling due after more than one
year

8

11,369

21,594
NET ASSETS 1,455,776 809,817

CAPITAL AND RESERVES
Called up share capital 750 750
Capital redemption reserve 249 249
Retained earnings 1,454,777 808,818
SHAREHOLDERS' FUNDS 1,455,776 809,817

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

JTW CONTRACTORS LIMITED (REGISTERED NUMBER: 05863455)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 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 5 February 2025 and were signed on its behalf by:




Mr T Pirogowski - Director Mr J Zatorski - Director




Mr M Maher - Director


JTW CONTRACTORS LIMITED (REGISTERED NUMBER: 05863455)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

JTW Contractors 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

Website development is being amortised evenly over its estimated useful life of ten years.

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 - 25% on cost

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 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
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.

JTW CONTRACTORS LIMITED (REGISTERED NUMBER: 05863455)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

Grants receivable
Business grants are credited to profit and loss account on an accruals basis where it is probable that they will be received.

Government assisted loans
Loans received through the Bounce Back Loan Scheme (BBLS) or the Coronavirus Business Interruption Loan Scheme (CBILS) are accounted for on the date the funds are received by the company. The first twelve months of the interest charge, which is funded by the government, is recognised in the profit and loss account as both an interest charge and as a government grant receivable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023
and 30 June 2024 1,240
AMORTISATION
At 1 July 2023 244
Charge for year 124
At 30 June 2024 368
NET BOOK VALUE
At 30 June 2024 872
At 30 June 2023 996

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 41,230
Additions 717
At 30 June 2024 41,947
DEPRECIATION
At 1 July 2023 37,405
Charge for year 4,004
At 30 June 2024 41,409
NET BOOK VALUE
At 30 June 2024 538
At 30 June 2023 3,825

JTW CONTRACTORS LIMITED (REGISTERED NUMBER: 05863455)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 971,318 536,408
Other debtors 922,910 23,383
1,894,228 559,791

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 16,553 9,973
Trade creditors 194,424 293,543
Taxation and social security 303,618 186,721
Other creditors 69,819 17,148
584,414 507,385

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 11,369 21,594

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
Mr T Pirogowski
Balance outstanding at start of year (17 ) 18,290
Amounts advanced (312 ) 4,705
Amounts repaid - (23,012 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (329 ) (17 )

10. SECURITY PROVIDED

HSBC Plc has a fixed and floating charge over all the company's assets and contains a negative pledge.