Company Registration No. 04865027 (England and Wales)
J W Products Limited
Unaudited accounts
for the year ended 31 August 2017
J W Products Limited
Unaudited accounts
Contents
J W Products Limited
Company Information
for the year ended 31 August 2017
Company Number
04865027 (England and Wales)
Registered Office
Crittendens Accountants
Featherstone House, High Street
Rochester
Kent
ME1 1DQ
UK
Accountants
Crittendens Accountants
Featherstone House
High Street
Rochester
Kent
ME1 1DQ
J W Products Limited
Statement of financial position
as at 31 August 2017
Tangible assets
2,018
2,463
Cash at bank and in hand
124,736
91,635
Creditors: amounts falling due within one year
(69,198)
(61,310)
Net current assets
144,917
116,987
Net assets
146,935
119,450
Called up share capital
100
100
Profit and loss account
146,835
119,350
Shareholders' funds
146,935
119,450
For the year ending 31 August 2017 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.
Approved by the Board on 29 September 2017.
Richard Burrows
Director
Company Registration No. 04865027
J W Products Limited
Notes to the Accounts
for the year ended 31 August 2017
J W Products Limited is a private company, limited by shares, registered in England and Wales, registration number 04865027. The registered office and principal place of business is Crittendens Accountants, Featherstone House, High Street, Rochester, Kent, ME1 1DQ, UK.
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 31 August 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2015.
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 the notes 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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% per annum on written down value
Computer equipment
25% per annum on written down value
J W Products Limited
Notes to the Accounts
for the year ended 31 August 2017
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2016
9,813
333
10,146
At 31 August 2017
10,039
333
10,372
At 1 September 2016
7,599
84
7,683
Charge for the year
609
62
671
At 31 August 2017
8,208
146
8,354
At 31 August 2017
1,831
187
2,018
At 31 August 2016
2,214
249
2,463
Finished goods
26,494
34,799
Trade debtors
61,112
51,319
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Creditors: amounts falling due within one year
2017
2016
Trade creditors
29,391
25,240
Taxes and social security
17,218
13,738
Other creditors
1,657
2,185
Loans from directors
20,147
20,147
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 1 (2016: 1).
