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Logo On Report
Reports Dated : 05/06/2025 Registered Number: SC550645
Scotland

 

 

 

JRW FINANCIAL MANAGEMENT LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 December 2023

End date: 30 November 2024
Director Ian WALSH
Registered Number SC550645
Registered Office International house
Stanley Boulevard
Blantyre
Lanarkshire
G72 0BN
Accountants Libratum Accountancy Ltd
96-98 Forrest Street
Clarkston
Airdrie
Lanarkshire
ML6 7AG
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 30 November 2024
Principal activities
The companys principal activity during the year was that of financial planning.
Director
The director who served the company throughout the year was as follows:
Ian WALSH
Statement of director's responsibilities
The director is responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.


----------------------------------
Ian WALSH
Director

Date approved: 05 June 2025
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 514    1,602 
514    1,602 
Current assets      
Debtors 4 4,899    35,434 
Cash at bank and in hand 34,955    31,902 
39,854    67,336 
Creditors: amount falling due within one year 5 (18,494)   (30,874)
Net current assets 21,360    36,462 
 
Total assets less current liabilities 21,874    38,064 
Provisions for liabilities 6 (214)   (362)
Net assets 21,660    37,702 
 

Capital and reserves
     
Called up share capital 7 100    100 
Profit and loss account 21,560    37,602 
Shareholders' funds 21,660    37,702 
 


For the year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 05 June 2025 and were signed by:


-------------------------------
Ian WALSH
Director
3
General Information
JRW Financial Management Ltd is a private company, limited by shares, registered in Scotland, registration number SC550645, registration address International house, Stanley Boulevard, Blantyre, Lanarkshire, G72 0BN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. 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 etc 20% SL
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 5 (2023 : 7).
3.

Tangible fixed assets

Cost or valuation Plant and machinery etc   Total
  £   £
At 01 December 2023 9,651    9,651 
Additions  
Disposals  
At 30 November 2024 9,651    9,651 
Depreciation
At 01 December 2023 8,049    8,049 
Charge for year 1,088    1,088 
On disposals  
At 30 November 2024 9,137    9,137 
Net book values
Closing balance as at 30 November 2024 514    514 
Opening balance as at 01 December 2023 1,602    1,602 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Other Debtors 4,899    35,434 
4,899    35,434 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Bank Loans & Overdrafts   9,068 
Taxation and Social Security 16,494    19,079 
Other Creditors 2,000    2,727 
18,494    30,874 

6.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 214    362 
214    362 

7.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

4