James Worley & Sons Limited - Period Ending 2018-03-31

Registration number: 01932076

James Worley & Sons Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2018

James Worley & Sons
Chartered Accountants
9 Bridle Close
Surbiton Road
Kingston Upon Thames
Surrey
KT1 2JW

James Worley & Sons Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 4

James Worley & Sons Limited

Company Information

Directors

Mr JA Spalton Mr RW Rouse

Registered office

9 Bridle Close Kingston Upon Thames Surrey KT1 2JW

Accountants

James Worley & Sons Chartered Accountants 9 Bridle Close Surbiton Road Kingston Upon Thames Surrey KT1 2JW

Page 1

James Worley & Sons Limited

(Registration number: 01932076)
Balance Sheet as at 31 March 2018

	Note	2018 £	2017 £
Current assets
Cash at bank and in hand		100	100
Capital and reserves
Called up share capital	3	100	100
Total equity		100	100

For the financial year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 28 December 2018 and signed on its behalf by:
 

.........................................

Mr RW Rouse
Director

The notes on pages 3 to 4 form an integral part of these financial statements.

Page 2

James Worley & Sons Limited

Notes to the Financial Statements for the Year Ended 31 March 2018

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
9 Bridle Close
Kingston Upon Thames
Surrey
KT1 2JW
England

These financial statements were authorised for issue by the Board on 28 December 2018.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Share capital

Allotted, called up and fully paid shares

Page 3

James Worley & Sons Limited

Notes to the Financial Statements for the Year Ended 31 March 2018

	2018		2017
	No.	£	No.	£
Ordinary £1 of £1 each	100	100	100	100

Page 4