Company registration number 12043264 (England and Wales)
JW PUMP SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
JW PUMP SERVICES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
JW PUMP SERVICES LIMITED (REGISTERED NUMBER: 12043264)
BALANCE SHEET
AS AT 30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
99,031
70,224
Current assets
Debtors
4
27,332
12,048
Cash at bank and in hand
23,248
25,223
50,580
37,271
Creditors: amounts falling due within one year
5
(107,496)
(81,576)
Net current liabilities
(56,916)
(44,305)
Total assets less current liabilities
42,115
25,919
Creditors: amounts falling due after more than one year
6
(36,202)
(25,688)
Net assets
5,913
231
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
5,813
131
Total equity
5,913
231
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
JW PUMP SERVICES LIMITED (REGISTERED NUMBER: 12043264)
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024
30 June 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 17 February 2025 and are signed on its behalf by:
Mr J A Walsh
Director
JW PUMP SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
1
Accounting policies
Company information
JW Pump Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is 19/21 Swan Street, West Malling, United Kingdom, ME19 6JU.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover represents amounts receivable for pump installation services net of VAT. Turnover is recognised once the service has been provided to the customer.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computers
33% Straight line
Motor vehicles
25% Reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
JW PUMP SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
3
3
3
Tangible fixed assets
Computers
Motor vehicles
Total
£
£
£
Cost
At 1 July 2023
500
115,957
116,457
Additions
74,845
74,845
Disposals
(47,267)
(47,267)
At 30 June 2024
500
143,535
144,035
Depreciation and impairment
At 1 July 2023
500
45,733
46,233
Depreciation charged in the year
28,301
28,301
Eliminated in respect of disposals
(29,530)
(29,530)
At 30 June 2024
500
44,504
45,004
Carrying amount
At 30 June 2024
99,031
99,031
At 30 June 2023
70,224
70,224
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
27,206
11,422
Other debtors
126
626
27,332
12,048
JW PUMP SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 5 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
630
Taxation and social security
43,893
30,332
Other creditors
63,603
50,614
107,496
81,576
Included in creditors due within one year are hire purchase liabilities totalling £14,134 (2023: £9,781)
Included in creditors due in more than one year are hire purchase liabilities totalling £36,202 (2023: £25,689) These liabilities are secured against the assets to which the agreements relate.
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
36,202
25,688