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Company Registration No. 11809168 (England and Wales)
JW TOWBARS LTD Unaudited accounts for the year ended 29 February 2024
JW TOWBARS LTD Unaudited accounts Contents
Page
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JW TOWBARS LTD Company Information for the year ended 29 February 2024
Director
John Peter Wathen
Company Number
11809168 (England and Wales)
Registered Office
4 Botts Lane Appleby Magna Swadlincote DE12 7AL
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JW TOWBARS LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
44,553 
63,615 
Current assets
Debtors
142,524 
136,520 
Cash at bank and in hand
(14,647)
(6,828)
127,877 
129,692 
Creditors: amounts falling due within one year
(15,391)
(44,824)
Net current assets
112,486 
84,868 
Total assets less current liabilities
157,039 
148,483 
Creditors: amounts falling due after more than one year
(160,940)
(177,038)
Net liabilities
(3,901)
(28,555)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(3,902)
(28,556)
Shareholders' funds
(3,901)
(28,555)
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 February 2025 and were signed on its behalf by
John Peter Wathen Director Company Registration No. 11809168
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JW TOWBARS LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
JW TOWBARS LTD is a private company, limited by shares, registered in England and Wales, registration number 11809168. The registered office is 4 Botts Lane, Appleby Magna, Swadlincote, DE12 7AL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 March 2023
104,509 
At 29 February 2024
104,509 
Depreciation
At 1 March 2023
40,894 
Charge for the year
19,062 
At 29 February 2024
59,956 
Net book value
At 29 February 2024
44,553 
At 28 February 2023
63,615 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
219,748 
155,043 
Accrued income and prepayments
3,500 
3,500 
223,248 
158,543 
Amounts falling due after more than one year
Trade debtors
(80,724)
(22,023)
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JW TOWBARS LTD Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
43,821 
34,689 
Trade creditors
13,271 
2,938 
Taxes and social security
10,608 
15,388 
Other creditors
(13,847)
3,532 
Loans from directors
(38,462)
(11,723)
15,391 
44,824 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
32,312 
39,598 
Obligations under finance leases and hire purchase contracts
128,628 
137,440 
160,940 
177,038 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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