Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-3122023-06-01falseNo description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 3776908 2023-06-01 2024-05-31 3776908 2022-06-01 2023-05-31 3776908 2024-05-31 3776908 2023-05-31 3776908 c:Director1 2023-06-01 2024-05-31 3776908 c:Director2 2023-06-01 2024-05-31 3776908 d:FurnitureFittings 2023-06-01 2024-05-31 3776908 d:FurnitureFittings 2024-05-31 3776908 d:FurnitureFittings 2023-05-31 3776908 d:CurrentFinancialInstruments 2024-05-31 3776908 d:CurrentFinancialInstruments 2023-05-31 3776908 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 3776908 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 3776908 d:ShareCapital 2024-05-31 3776908 d:ShareCapital 2023-05-31 3776908 d:RetainedEarningsAccumulatedLosses 2024-05-31 3776908 d:RetainedEarningsAccumulatedLosses 2023-05-31 3776908 c:FRS102 2023-06-01 2024-05-31 3776908 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 3776908 c:FullAccounts 2023-06-01 2024-05-31 3776908 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 3776908 6 2023-06-01 2024-05-31 3776908 1 2024-05-31 3776908 2 2024-05-31 3776908 1 2023-05-31 3776908 2 2023-05-31 3776908 f:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 3776908










JFWS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
JFWS LIMITED
REGISTERED NUMBER: 3776908

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 5 
10,607
10,724

  
10,607
10,724

Current assets
  

Debtors: amounts falling due within one year
 6 
7,250
9,177

Cash at bank and in hand
 7 
2,856
6,501

  
10,106
15,678

Creditors: amounts falling due within one year
 8 
(3,195)
(21,012)

Net current assets/(liabilities)
  
 
 
6,911
 
 
(5,334)

Total assets less current liabilities
  
17,518
5,390

  

Net assets
  
17,518
5,390


Capital and reserves
  

Called up share capital 
  
50,000
50,000

Profit and loss account
  
(32,482)
(44,610)

  
17,518
5,390


Page 1

 
JFWS LIMITED
REGISTERED NUMBER: 3776908

BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 February 2025.




J F W Sanderson
R C Watson
Director
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
JFWS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
1.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
JFWS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.Accounting policies (continued)

 
1.4

Valuation of investments

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
1.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


2.


General information

JFWS Limited is a private limited company incorporated in England and Wales. The Registered Office is 601 London Road, Westcliff on Sea, Essex, SS0 9PE.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
JFWS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 June 2023
2,489



At 31 May 2024

2,489



Depreciation


At 1 June 2023
2,489



At 31 May 2024

2,489



Net book value



At 31 May 2024
-



At 31 May 2023
-


5.


Fixed asset investments





Listed investments
Unlisted investments
Total

£
£
£



Cost or valuation


At 1 June 2023
38,169
30,260
68,429



At 31 May 2024

38,169
30,260
68,429



Impairment


At 1 June 2023
37,965
19,740
57,705


Revaluations
117
-
117



At 31 May 2024

38,082
19,740
57,822



Net book value



At 31 May 2024
87
10,520
10,607



At 31 May 2023
204
10,520
10,724

Page 5

 
JFWS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

6.


Debtors

2024
2023
£
£


Trade debtors
6,273
1,704

Other debtors
977
-

Prepayments and accrued income
-
7,473

7,250
9,177



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,856
6,501

2,856
6,501



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,450
1,225

Other creditors
1,745
19,787

3,195
21,012



Page 6