J W S Developments Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

J W S Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06665409 . The registered office is Suite 5, The Willows, Ransom Wood Business Park, Southwell Road West, Rainworth, Mansfield, Nottinghamshire, NG21 0HJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true

and fair view.

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 £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% Straight Line
Motor Vehicles	20% Straight Line
Fixtures & Fittings	20% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds

and the carrying value of the asset, and is credited or charged to profit or loss.

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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J W S Developments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

2.6. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

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J W S Developments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.8. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 5)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 September 2024	30,996	48,870	4,997	84,863
Additions	1,200	-	-	1,200

As at 31 August 2025	32,196	48,870	4,997	86,063

Depreciation
As at 1 September 2024	12,398	25,548	4,887	42,833
Provided during the period	6,439	7,774	37	14,250

As at 31 August 2025	18,837	33,322	4,924	57,083

Net Book Value
As at 31 August 2025	13,359	15,548	73	28,980

As at 1 September 2024	18,598	23,322	110	42,030

5. Investments

	Unlisted
	£
Cost or Valuation
As at 1 September 2024	50

As at 31 August 2025	50

Provision
As at 1 September 2024	-
Impairment losses	50

As at 31 August 2025	50

Net Book Value
As at 31 August 2025	-

As at 1 September 2024	50

The above represents 50% of the share capital in a private UK company. The remaining 50% is held by

another private UK company

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J W S Developments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

6. Stocks

	2025	2024
	£	£
Stock	159,474	159,474

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	39,687	185,416
Prepayments and accrued income	1,239	797
CITB Levy	6,415	-
Amounts owed by related parties	455,250	-
VAT	20,537	7,880
Directors' loan accounts	-	20,000

	523,128	214,093

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	4,599	4,599
Trade creditors	31,807	44,949
Corporation tax	74,557	39,569
Other taxes and social security	4,538	21,465
Other creditors	20,714	714
Accruals and deferred income	2,830	2,200
Directors' loan accounts	4	185

	139,049	113,681

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	6,515	11,114

Hire purchase creditors totaling £11,114 (2024: £15,713) are secured on the assets they relate to.

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	4,599	4,599
Later than one year and not later than five years	6,515	11,114

	11,114	15,713

	11,114	15,713

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J W S Developments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

11. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Accelerated capital allowances	7,245	10,507

12. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

13. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 September 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 August 2025
	£	£	£	£	£
Mr Neil Hodgkinson	20,000	-	20,000	-	-

The above loan is unsecured, interest free and repayable on demand.

14. Related Party Transactions

During the year, the Company loaned £455,250 (2024: £Nil) to a company under common control. The loan is interest free and repayable on demand. As at the balance sheet date, the amount owed to the Company was £455,250 (2024: £Nil).

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		28,980		42,030
Investments	5		-		50

			28,980		42,080
CURRENT ASSETS
Stocks	6	159,474		159,474
Debtors	7	523,128		214,093
Cash at bank and in hand		257,790		372,895

		940,392		746,462
Creditors: Amounts Falling Due Within One Year	8	(139,049 )		(113,681 )

NET CURRENT ASSETS (LIABILITIES)			801,343		632,781

TOTAL ASSETS LESS CURRENT LIABILITIES			830,323		674,861

Creditors: Amounts Falling Due After More Than One Year	9		(6,515 )		(11,114 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	11		(7,245 )		(10,507 )

NET ASSETS			816,563		653,240

CAPITAL AND RESERVES
Called up share capital	12		1		1
Capital redemption reserve			1		1
Profit and Loss Account			816,561		653,238

SHAREHOLDERS' FUNDS			816,563		653,240