2023-09-01 07369071 2024-08-31 07369071 2023-09-01 2024-08-31 07369071 2023-08-31 07369071 2022-09-01 2023-08-31 07369071 uk-core:WithinOneYear 2023-08-31 07369071 uk-core:WithinOneYear 2024-08-31 07369071 uk-core:ShareCapital 2024-08-31 07369071 uk-core:ShareCapital 2023-08-31 07369071 uk-core:RetainedEarningsAccumulatedLosses 2024-08-31 07369071 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 07369071 uk-bus:Director1 2023-09-01 2024-08-31 07369071 uk-core:PlantMachinery 2023-09-01 2024-08-31 07369071 uk-core:CommercialMotorVehicles 2023-09-01 2024-08-31 07369071 uk-core:FurnitureFittings 2023-09-01 2024-08-31 07369071 uk-core:FurnitureFittings 2023-08-31 07369071 uk-core:CommercialMotorVehicles 2023-08-31 07369071 uk-core:PlantMachinery 2023-08-31 07369071 uk-core:PlantMachinery 2024-08-31 07369071 uk-core:CommercialMotorVehicles 2024-08-31 07369071 uk-core:FurnitureFittings 2024-08-31 iso4217:GBP xbrli:pure 07369071 uk-bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 07369071 uk-bus:FRS102 2023-09-01 2024-08-31 07369071 uk-bus:FilletedAccounts 2023-09-01 2024-08-31 07369071 uk-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31
J W INSULATION SERVICES LIMITED
Registered Number:07369071
For the year ended 31 August 2024
England and Wales
Unaudited Financial Statements
2
Registered Number :
07369071
As at 31 August 2024
J W INSULATION SERVICES LIMITED
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
6,989
9,320
2
6,989
9,320
Current assets
Trade and other receivables
199,135
240,017
3
193,669
Cash and cash equivalents
186,127
426,144
392,804
Trade and other payables: amounts falling due within one
year
(190,601)
(195,458)
4
202,203
230,686
Net current assets
Total assets less current liabilities
237,675
211,523
(1,691)
(2,005)
Provisions for liabilities
235,984
Net assets
209,518
Capital and reserves
Called up share capital
4
4
Retained earnings
235,980
209,514
235,984
209,518
Shareholders' funds
For the year ended 31 August 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 of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Julian Watkinson Director
These financial statements were approved and authorised for issue by the Board on 06 March 2025 and were signed by:
The notes form part of these financial statements
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For the year ended 31 August 2024
J W INSULATION SERVICES LIMITED
Notes to the Financial Statements
Statutory Information
J W INSULATION SERVICES LIMITED is a private limited company, limited by shares, domiciled in England and
Wales, registration number 07369071.
Registered address:
27 Rowthorn Drive
Shirley
Solihull
West Midlands
B90 4ST
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation . Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures and fittings
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.
Hire purchase and leasing commitments
Assets held under finance leases and hire purchase agreements are capitalised in the balance sheet and depreciated in accordance with the company's normal accounting policies. The interest is charged to the profit and loss account over the period of the agreement and represents a constant charge of the balance of capital repayments outstanding.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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For the year ended 31 August 2024
J W INSULATION SERVICES LIMITED
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 September 2023
69,792
14,488
45,710
9,594
At 31 August 2024
9,594
45,710
14,488
69,792
Provision for depreciation and impairment
At 01 September 2023
60,472
13,038
39,451
7,983
Charge for year
2,331
363
1,565
403
At 31 August 2024
62,803
13,401
41,016
8,386
At 31 August 2024
Net book value
1,208
4,694
1,087
6,989
At 31 August 2023
1,611
6,259
1,450
9,320
3. Trade and other receivables
2023
2024
£
£
Trade debtors
174,891
152,988
Prepayments and accrued income
-
656
Taxation and social security
65,126
45,491
199,135
240,017
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
148,996
153,233
Taxation and social security
40,265
30,251
Accruals and deferred income
1,845
1,845
Directors' loan accounts
4,352
5,272
195,458
190,601
5. Related party transactions
The ultimate controlling parties during the year were Julian Watkinson & Nicola Watkinson , directors , whom
controls the company by virtue of each owning 50% of the share capital.
6. Average number of persons employed
During the year the average number of employees was 2 (2023 : 3)
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