REGISTERED NUMBER: 00286241 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

John Wyatt Limited

Page

Statement of Financial Position

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

-

46

CURRENT ASSETS

Debtors

5

254,340

163,501

Cash at bank

697,091

135,976

951,431

299,477

CREDITORS

Amounts falling due within one year

6

776,790

159,601

NET CURRENT ASSETS

174,641

139,876

TOTAL ASSETS LESS CURRENT LIABILITIES

174,641

139,922

CREDITORS

Amounts falling due after more than one year

7

4,167

15,000

NET ASSETS

170,474

124,922

CAPITAL AND RESERVES

Called up share capital

368,400

368,400

Retained earnings

(197,926

)

(243,478

)

SHAREHOLDERS' FUNDS

170,474

124,922

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

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

The directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 April 2025 and were signed on its behalf by:

S J Wyatt - Director

1.	STATUTORY INFORMATION

John Wyatt Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

00286241

Registered office:

Braithwaite Street

Holbeck Lane

Leeds

West Yorkshire

LS11 9XE

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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover

Turnover represents the value of goods and services, net of VAT, provided to customers during the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2024

and 31 December 2024

224

DEPRECIATION

At 1 January 2024

178

Charge for year

46

At 31 December 2024

224

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

46

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

210,593

139,430

VAT

22,584

2,876

Deferred tax asset

16,527

18,113

Prepayments

4,636

3,082

254,340

163,501

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

730,114

70,838

Tax

9,442

11,070

Social security and other taxes

(563

)

(899

)

Other creditors

856

5,708

Directors' current accounts

26,941

11,684

Accrued expenses

-

51,200

776,790

159,601

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans - 1-2 years

4,167

10,000

Bank loans - 2-5 years

-

5,000

4,167

15,000

8.	ULTIMATE CONTROLLING PARTY

The controlling party is S J Wyatt.