J R Wedge Holdings Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 09417649 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2017

for

J R Wedge Holdings Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

James Robert Wedge

Tracy Wedge

REGISTERED OFFICE:

Leydene House

Waterberry Drive

Waterlooville

Hampshire

PO7 7XX

REGISTERED NUMBER:

09417649 (England and Wales)

ACCOUNTANTS:

KT Accountants Limited

Castle Farm Barn North

Denmead Road

Southwick

Hampshire

PO17 6EX

FIXED ASSETS

Intangible assets

4

1,114

-

Investments

5

307

156

1,421

156

CURRENT ASSETS

Debtors

6

618,550

601,767

Cash at bank

168,641

200,628

787,191

802,395

CREDITORS

Amounts falling due within one year

7

2,428

1,383

NET CURRENT ASSETS

784,763

801,012

TOTAL ASSETS LESS CURRENT LIABILITIES

786,184

801,168

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

786,182

801,166

SHAREHOLDERS' FUNDS

786,184

801,168

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 13 April 2018 and were signed on its behalf by:

James Robert Wedge - Director

Tracy Wedge - Director

1.	STATUTORY INFORMATION

J R Wedge Holdings Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

Patent and licences

Patent and licences amortisation is not provided.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2016 - NIL).

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

Additions

1,114

At 31 July 2017

1,114

NET BOOK VALUE

At 31 July 2017

1,114

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 August 2016

156

Additions

151

At 31 July 2017

307

NET BOOK VALUE

At 31 July 2017

307

At 31 July 2016

156

6.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.17

31.7.16

£

£

Amounts owed by group undertakings

618,550

601,767

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Directors' current accounts

1,527

573

Accrued expenses

901

810

2,428

1,383

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.17

31.7.16

value:

£

£

2

Ordinary

£1

2

2

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended

31 July 2017 and 31 July 2016:

31.7.17

31.7.16

£

£

James Robert Wedge and Tracy Wedge

Balance outstanding at start of year

(573

)

(154

)

Amounts advanced

(954

)

(419

)

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,527

)

(573

)

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is James Robert Wedge.