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REGISTERED NUMBER: 10291666 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Jw Budd Ltd

Jw Budd Ltd (Registered number: 10291666)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jw Budd Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: J W Budd





REGISTERED OFFICE: Energie Fitness Pontypridd
79 Taff Street
Pontypridd
CF37 4SU





REGISTERED NUMBER: 10291666 (England and Wales)





ACCOUNTANTS: M Chilton Accountancy Services Limited
16 Reed Mace Drive
Bromsgrove
Worcestershire
B61 0UJ

Jw Budd Ltd (Registered number: 10291666)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 833 5,833
Tangible assets 5 154,990 176,840
155,823 182,673

CURRENT ASSETS
Debtors 6 58,161 46,703
Cash at bank 96,104 117,495
154,265 164,198
CREDITORS
Amounts falling due within one year 7 74,862 84,867
NET CURRENT ASSETS 79,403 79,331
TOTAL ASSETS LESS CURRENT
LIABILITIES

235,226

262,004

CREDITORS
Amounts falling due after more than one
year

8

(181,925

)

(227,058

)

PROVISIONS FOR LIABILITIES (16,571 ) -

ACCRUALS AND DEFERRED INCOME (7,800 ) (7,700 )
NET ASSETS 28,930 27,246

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 28,830 27,146
28,930 27,246

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

Jw Budd Ltd (Registered number: 10291666)

Balance Sheet - continued
31 July 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 April 2025 and were signed by:





J W Budd - Director


Jw Budd Ltd (Registered number: 10291666)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Jw Budd Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost, 20% on cost and 10% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Jw Budd Ltd (Registered number: 10291666)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2023
and 31 July 2024 24,999
AMORTISATION
At 1 August 2023 19,166
Charge for year 5,000
At 31 July 2024 24,166
NET BOOK VALUE
At 31 July 2024 833
At 31 July 2023 5,833

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 278,195
Additions 8,000
At 31 July 2024 286,195
DEPRECIATION
At 1 August 2023 101,355
Charge for year 29,850
At 31 July 2024 131,205
NET BOOK VALUE
At 31 July 2024 154,990
At 31 July 2023 176,840

6. DEBTORS
31.7.24 31.7.23
£    £   
Amounts falling due within one year:
Trade debtors 24,089 16,952
Other debtors 22,072 17,751
46,161 34,703

Jw Budd Ltd (Registered number: 10291666)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

6. DEBTORS - continued
31.7.24 31.7.23
£    £   
Amounts falling due after more than one year:
Other debtors 12,000 12,000

Aggregate amounts 58,161 46,703

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 28,300 27,000
Trade creditors 32,240 48,754
Taxation and social security 13,943 8,895
Other creditors 379 218
74,862 84,867

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 115,940 143,770
Other creditors 65,985 83,288
181,925 227,058

Other creditors falling due after one year relates to amount owed to Director/Shareholder.