REGISTERED NUMBER: 02870204 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

JCW FLOOR SCREEDING LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B J Dingley

J P Dolwin

J M White

J C Wilkins

SECRETARY:

J C Wilkins

REGISTERED OFFICE:

Unit 32-34 Waters Meeting Development

Britannia Way

Bolton

BL2 2HH

REGISTERED NUMBER:

02870204 (England and Wales)

ACCOUNTANTS:

Ryans

Chartered Accountants

67 Chorley Old Road

Bolton

BL1 3AJ

FIXED ASSETS

Tangible assets

4

217,592

157,072

CURRENT ASSETS

Debtors

5

1,050,724

2,330,573

Cash at bank and in hand

1,681,698

1,627,864

2,732,422

3,958,437

CREDITORS

Amounts falling due within one year

711,235

1,059,546

NET CURRENT ASSETS

2,021,187

2,898,891

TOTAL ASSETS LESS CURRENT LIABILITIES

2,238,779

3,055,963

CREDITORS

Amounts falling due after more than one year

(57,680

)

(2,829

)

PROVISIONS FOR LIABILITIES

(54,398

)

(39,268

)

NET ASSETS

2,126,701

3,013,866

CAPITAL AND RESERVES

Called up share capital

8

1,760

1,760

Share premium

379,240

379,240

Retained earnings

1,745,701

2,632,866

SHAREHOLDERS' FUNDS

2,126,701

3,013,866

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 3rd June 2025 and were signed on its behalf by:

J C Wilkins - Director

1.	STATUTORY INFORMATION

JCW Floor Screeding Limited 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.

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.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

Turnover

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

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Leasehold improvements

-

10% on cost

Motor vehicles

-

33% on cost and 25% on reducing balance

Office equipment

-

25% 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 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Construction contracts

Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the reporting end date. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.

When it is probable that total contract costs will exceed total contract turnover, the expected loss is recognised as an expense immediately.

Where the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred where it is probable that they will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred. When costs incurred in securing a contract are recognised as an expense in the period in which they are incurred, they are not included in contract costs if the contract is obtained in a subsequent period.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st January 2024

1,000,527

Additions

160,937

Disposals

(176,020

)

At 31st December 2024

985,444

DEPRECIATION

At 1st January 2024

843,455

Charge for year

99,419

Eliminated on disposal

(175,022

)

At 31st December 2024

767,852

NET BOOK VALUE

At 31st December 2024

217,592

At 31st December 2023

157,072

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1st January 2024

162,405

Additions

112,600

Transfer to ownership

(142,557

)

At 31st December 2024

132,448

DEPRECIATION

At 1st January 2024

129,270

Charge for year

19,124

Transfer to ownership

(118,801

)

At 31st December 2024

29,593

NET BOOK VALUE

At 31st December 2024

102,855

At 31st December 2023

33,135

5.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Trade debtors

239,092

114,504

6.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024

2023

£

£

Net obligations repayable:

Within one year

37,077

28,799

Between one and five years

57,680

2,829

94,757

31,628

7.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

94,757

31,628

Net obligations under hire purchase contracts are secured on the assets to which they relate.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,760

Ordinary

£1

1,760

1,760

9.	FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENT LIABILITIES

The company is party to a cross guarantee in favour of Lloyds Bank plc, in respect of borrowings of the group's parent undertaking, JCW Group Holdings Limited, which at 31 December 2024 amounted to £1,169,924 (2023: £1,329,018).

The assets of the company are secured in respect of a Coronavirus Business Interruption Loan in JCW Acoustic Supplies Ltd. The loan balance remaining as at 31 December 2024 amounted to £75,000 (2023: £124,999).

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2024 and 31st December 2023:

2024

2023

£

£

J M White

Balance outstanding at start of year

-

-

Amounts advanced

2,294

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,294

-

11.	ULTIMATE CONTROLLING PARTY

The company is a 75% subsidiary of JCW Group Holdings Limited, registered in England.

The ultimate controlling party is J C Wilkins who is a director and 100% shareholder in the parent company.