J P Wells Contracts Limited 09042817 true 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is Building Contractors Digita Accounts Production Advanced 6.30.9574.0 true Mr Julius Peter Wells 09042817 2023-06-01 2024-05-31 09042817 2024-05-31 09042817 bus:OrdinaryShareClass1 2024-05-31 09042817 core:RetainedEarningsAccumulatedLosses 2024-05-31 09042817 core:ShareCapital 2024-05-31 09042817 core:CurrentFinancialInstruments 2024-05-31 09042817 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 09042817 bus:FRS102 2023-06-01 2024-05-31 09042817 bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 09042817 bus:FullAccounts 2023-06-01 2024-05-31 09042817 bus:RegisteredOffice 2023-06-01 2024-05-31 09042817 bus:Director1 2023-06-01 2024-05-31 09042817 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 09042817 bus:EntityNoLongerTradingButTradedInPast 2023-06-01 2024-05-31 09042817 bus:Consolidated 2023-06-01 2024-05-31 09042817 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09042817 core:MotorVehicles 2023-06-01 2024-05-31 09042817 countries:England 2023-06-01 2024-05-31 09042817 2022-06-01 2023-05-31 09042817 2023-05-31 09042817 bus:OrdinaryShareClass1 2023-05-31 09042817 core:RetainedEarningsAccumulatedLosses 2023-05-31 09042817 core:ShareCapital 2023-05-31 09042817 core:CurrentFinancialInstruments 2023-05-31 09042817 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09042817

J P Wells Contracts Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2024

 

J P Wells Contracts Limited

Profit and Loss Account for the Year Ended 31 May 2024

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

J P Wells Contracts Limited

(Registration number: 09042817)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

11,364

11,364

Creditors: Amounts falling due within one year

5

(32,284)

(32,284)

Net liabilities

 

(20,920)

(20,920)

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

(21,020)

(21,020)

Shareholders' deficit

 

(20,920)

(20,920)

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 27 February 2025
 

.........................................
Mr Julius Peter Wells
Director

 

J P Wells Contracts Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The Old Dairy
Ashton Hill Farm Weston Road
Failand
Bristol
Avon
BS8 3US
England

These financial statements were authorised for issue by the director on 27 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% reducing balance

 

J P Wells Contracts Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

J P Wells Contracts Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

3

Tangible assets

Cost or valuation

Depreciation

Carrying amount

At 31 May 2024

4

Debtors

Current

2024
£

2023
£

Trade debtors

11,364

11,364

 

11,364

11,364

5

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

21

21

Amounts due to related parties

31,460

31,460

Accruals

 

803

803

 

32,284

32,284

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

21

21

 

J P Wells Contracts Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

8

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).