Company Registration No. 13633951 (England and Wales)
Jtwmanagement Ltd
Unaudited accounts
for the year ended 30 September 2024
Jtwmanagement Ltd
Unaudited accounts
Contents
Jtwmanagement Ltd
Company Information
for the year ended 30 September 2024
Company Number
13633951 (England and Wales)
Registered Office
2 Netherfield Court
Whittle-Le-Woods
Chorley
PR6 7XR
England
Accountants
The Success Plan Limited
12 Eccleston Street
Prescot
Merseyside
L34 5QE
Jtwmanagement Ltd
Statement of financial position
as at 30 September 2024
Called up share capital not paid
1
1
Tangible assets
19,400
38,038
Investment property
197,000
-
Cash at bank and in hand
50,368
100,455
Creditors: amounts falling due within one year
(93,796)
(142,274)
Net current (liabilities)/assets
(14,350)
100,073
Total assets less current liabilities
202,051
138,112
Provisions for liabilities
Deferred tax
(4,850)
(9,510)
Net assets
197,201
128,602
Called up share capital
1
1
Profit and loss account
197,200
128,601
Shareholders' funds
197,201
128,602
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 June 2025 and were signed on its behalf by
James Waugh
Director
Company Registration No. 13633951
Jtwmanagement Ltd
Notes to the Accounts
for the year ended 30 September 2024
Jtwmanagement Ltd is a private company, limited by shares, registered in England and Wales, registration number 13633951. The registered office is 2 Netherfield Court, Whittle-Le-Woods, Chorley, PR6 7XR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended
30 September 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 October 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in note
10 below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
3 years on a straight line basis
Fixtures & fittings
3 years on a straight line basis
Computer equipment
3 years on a straight line basis
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Jtwmanagement Ltd
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2023
44,754
480
1,414
46,648
Disposals
(14,954)
-
-
(14,954)
At 30 September 2024
29,800
480
1,414
31,694
At 1 October 2023
7,685
160
765
8,610
Charge for the year
7,685
160
325
8,170
On disposals
(4,486)
-
-
(4,486)
At 30 September 2024
10,884
320
1,090
12,294
At 30 September 2024
18,916
160
324
19,400
At 30 September 2023
37,069
320
649
38,038
At 30 September 2024
197,000
The investment property is valued at the purchase price paid on 10 September 2024 as this is within 1 month of the year end and so represents the true market value of the property.
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
7,193
93,044
Taxes and social security
51,151
22,179
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Jtwmanagement Ltd
Notes to the Accounts
for the year ended 30 September 2024
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
10
Reconciliations on adoption of FRS 102
Reconciliation of equity
1 October 2022
30 September 2023
Capital and reserves (as previously stated)
33,852
138,112
Deferred tax provision
-
(9,510)
Capital and reserves (as restated)
33,852
128,602
Reconciliation of profit or loss for the year
30 September 2023
Profit for the year (as previously stated)
121,004
Deferred tax provision
(9,510)
Profit for the year (as restated)
111,494