J W INSULATION SERVICES LIMITED |
Registered Number:07369071 |
For the year ended 31 August 2024
England and Wales
Unaudited Financial Statements
J W INSULATION SERVICES LIMITED
Statement of Financial Position
2023
2024
Property, plant and equipment |
6,989
9,320
2
6,989
9,320
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
4
4
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. |
27 Rowthorn Drive
Shirley
Solihull
West Midlands
B90 4ST
The presentation currency is £ sterling. |
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
Motor vehicles
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 |
Motor vehicles
69,792
14,488
45,710
9,594
9,594
45,710
14,488
69,792
Provision for depreciation and impairment |
60,472
13,038
39,451
7,983
Charge for year
2,331
363
1,565
403
62,803
13,401
41,016
8,386
1,208
4,694
1,087
6,989
1,611
6,259
1,450
9,320
3. Trade and other receivables |
2023
2024
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
148,996
153,233
Taxation and social security |
40,265
30,251
Accruals and deferred income |
1,845
1,845
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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