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REGISTERED NUMBER: 02897706 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

JWS EUROPE LTD

JWS EUROPE LTD (REGISTERED NUMBER: 02897706)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JWS EUROPE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: A Maxwell-Stewart





REGISTERED OFFICE: Unit B3 Dolphin Way
Shoreham by Sea
BN43 6NZ





REGISTERED NUMBER: 02897706 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY

JWS EUROPE LTD (REGISTERED NUMBER: 02897706)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 47,153 219
Tangible assets 5 3,599 2,387
Investments 6 2,075 2,171
52,827 4,777

CURRENT ASSETS
Stocks 1,531,805 1,553,705
Debtors 7 202,032 346,774
Cash at bank and in hand 442,949 399,293
2,176,786 2,299,772
CREDITORS
Amounts falling due within one year 8 490,120 317,234
NET CURRENT ASSETS 1,686,666 1,982,538
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,739,493

1,987,315

CREDITORS
Amounts falling due after more than one
year

9

7,910

18,219
NET ASSETS 1,731,583 1,969,096

CAPITAL AND RESERVES
Called up share capital 11 324 324
Share premium 28,300 28,300
Capital redemption reserve 76 76
Retained earnings 1,702,883 1,940,396
SHAREHOLDERS' FUNDS 1,731,583 1,969,096

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

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 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.

JWS EUROPE LTD (REGISTERED NUMBER: 02897706)

BALANCE SHEET - continued
31 AUGUST 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 14 May 2025 and were signed by:





A Maxwell-Stewart - Director


JWS EUROPE LTD (REGISTERED NUMBER: 02897706)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Preparation of consolidated financial statements
The financial statements contain information about JWS Europe Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue recognition
Revenue is measured at fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

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 trademarks are being amortised evenly over their estimated useful life of four years.

Website is being amortised evenly over its 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 - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 20% on cost
Office equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost with adjustments for foreign currency translation.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


JWS EUROPE LTD (REGISTERED NUMBER: 02897706)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 20 ) .

JWS EUROPE LTD (REGISTERED NUMBER: 02897706)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


4. INTANGIBLE FIXED ASSETS
Patents
and
trademarks Website Totals
£    £    £   
COST
At 1 September 2023 17,074 - 17,074
Additions 40,000 15,505 55,505
At 31 August 2024 57,074 15,505 72,579
AMORTISATION
At 1 September 2023 16,855 - 16,855
Amortisation for year 7,719 852 8,571
At 31 August 2024 24,574 852 25,426
NET BOOK VALUE
At 31 August 2024 32,500 14,653 47,153
At 31 August 2023 219 - 219

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 12,500 77,408 12,885 82,493 185,286
Additions - 306 - 2,038 2,344
At 31 August 2024 12,500 77,714 12,885 84,531 187,630
DEPRECIATION
At 1 September 2023 12,500 76,914 12,885 80,600 182,899
Charge for year - 158 - 974 1,132
At 31 August 2024 12,500 77,072 12,885 81,574 184,031
NET BOOK VALUE
At 31 August 2024 - 642 - 2,957 3,599
At 31 August 2023 - 494 - 1,893 2,387

JWS EUROPE LTD (REGISTERED NUMBER: 02897706)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2023 2,171
Exchange differences (96 )
At 31 August 2024 2,075
NET BOOK VALUE
At 31 August 2024 2,075
At 31 August 2023 2,171

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 52,128 63,850
Amounts owed by group undertakings - 175,943
Other debtors 145,754 102,570
197,882 342,363

Amounts falling due after more than one year:
Other debtors 4,150 4,411

Aggregate amounts 202,032 346,774

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,311 10,056
Trade creditors 161,575 88,776
Amounts owed to group undertakings 122,963 -
Taxation and social security 58,284 69,675
Other creditors 136,987 148,727
490,120 317,234

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 7,910 18,219

JWS EUROPE LTD (REGISTERED NUMBER: 02897706)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 57,622 57,622
Between one and five years 230,488 230,488
In more than five years 43,217 100,839
331,327 388,949

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
300 Ordinary £1 300 300
24 Preference £1 24 24
324 324

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
P M Maxwell-Stewart and A Maxwell-Stewart
Balance outstanding at start of year 6,866 10,805
Amounts advanced 4,819 428
Amounts repaid (12,624 ) (4,367 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (939 ) 6,866

The loan is interest free and repayable on demand.

13. POST BALANCE SHEET EVENTS

The company repurchased 24 preference shares with a nominal value of £1 per share for the total sum of £30,752, which includes stamp duty of £140 and interest of £2,612.