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REGISTERED NUMBER: SC633084 (Scotland)












Financial Statements for the Year Ended 31 May 2025

for

J1W LTD

J1W LTD (REGISTERED NUMBER: SC633084)






Contents of the Financial Statements
for the Year Ended 31 May 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J1W LTD

Company Information
for the Year Ended 31 May 2025







DIRECTORS: JE Walker
G Walker
C Walker
A W Webster





REGISTERED OFFICE: 12 Traill Drive
Montrose
Angus
DD10 8SW





REGISTERED NUMBER: SC633084 (Scotland)





ACCOUNTANTS: Account Tax Ltd
Chartered Certified Accountants
12 Traill Drive
Montrose
Angus
DD10 8SW

J1W LTD (REGISTERED NUMBER: SC633084)

Balance Sheet
31 May 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,656,831 1,339,918

CURRENT ASSETS
Stocks 845,588 12,424
Debtors 5 1,084,783 530,002
Cash at bank 678,572 290,220
2,608,943 832,646
CREDITORS
Amounts falling due within one year 6 1,010,698 360,441
NET CURRENT ASSETS 1,598,245 472,205
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,255,076

1,812,123

CREDITORS
Amounts falling due after more than one
year

7

-

(3,057

)

PROVISIONS FOR LIABILITIES (185,095 ) -
NET ASSETS 3,069,981 1,809,066

CAPITAL AND RESERVES
Called up share capital 2,100 1,000
Revaluation reserve 8 916,453 916,453
Retained earnings 2,151,428 891,613
SHAREHOLDERS' FUNDS 3,069,981 1,809,066

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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.

J1W LTD (REGISTERED NUMBER: SC633084)

Balance Sheet - continued
31 May 2025


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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2025 and were signed on its behalf by:





JE Walker - Director


J1W LTD (REGISTERED NUMBER: SC633084)

Notes to the Financial Statements
for the Year Ended 31 May 2025

1. STATUTORY INFORMATION

J1W Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

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

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 reducing balance and 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stock/work in progress
Work in Progress reflects uninvoiced work at the year end. Thus is valued at its subsequent selling price. Profit is therefore recognised.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 material 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

J1W LTD (REGISTERED NUMBER: SC633084)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2025

2. ACCOUNTING POLICIES - continued

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 8 (2024 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 June 2024 1,378,752 54,217 551 1,433,520
Additions 486,695 40,499 - 527,194
Disposals (121,125 ) (32,222 ) - (153,347 )
At 31 May 2025 1,744,322 62,494 551 1,807,367
DEPRECIATION
At 1 June 2024 81,604 11,585 413 93,602
Charge for year 68,863 12,714 34 81,611
Eliminated on disposal (13,092 ) (11,585 ) - (24,677 )
At 31 May 2025 137,375 12,714 447 150,536
NET BOOK VALUE
At 31 May 2025 1,606,947 49,780 104 1,656,831
At 31 May 2024 1,297,148 42,632 138 1,339,918

Cost or valuation at 31 May 2025 is represented by:

Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Valuation in 2022 128,378 - 551 128,929
Valuation in 2023 409,229 32,222 - 441,451
Valuation in 2024 841,145 21,995 - 863,140
Valuation in 2025 365,570 8,277 - 373,847
1,744,322 62,494 551 1,807,367

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 1,070,307 529,752
Other debtors 14,476 250
1,084,783 530,002

J1W LTD (REGISTERED NUMBER: SC633084)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts - 4,076
Trade creditors 416,023 116,887
Taxation and social security 588,756 180,366
Other creditors 5,919 59,112
1,010,698 360,441

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Hire purchase contracts - 3,057

8. RESERVES
Revaluatio
reserve
£   
At 1 June 2024
and 31 May 2025 916,453

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £107,600 (2024 - £160,000) were paid to the directors .

The company was under control of JE Walker, G Walker, C Walker and AW Webster throughout the current and previous year.

During the year the company repaid the director, JE Walker, net amounts totalling £55,267. As at 31 May 2025 included within other creditors is a balance outstanding due to the director of £445 (2024 - £55,712). No interest was paid on this loan.

During the year the company advanced the director, G Walker, net amounts totalling £18. As at 31 May 2025 included within other debtors is a balance outstanding due to the company of £268 (2024 - £250) No interest was paid on this loan.

During the year the company advanced the director, C Walker, net amounts totalling £81. As at 31 May 2025 included within other debtors is a balance outstanding due to the company of £81 (2024 - £0). No interest was paid on this loan.

During the year the company advanced the director, AW Webster, net amounts totalling £110. As at 31 May 2025 included within other debtors is a balance outstanding due to the company of 1101 (2024 - £0). No interest was paid on this loan.