Caseware UK (AP4) 2021.0.152 2021.0.152 2022-03-312022-03-312021-04-01falseNo description of principal activity2828truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01196085 2021-04-01 2022-03-31 01196085 2020-04-01 2021-03-31 01196085 2022-03-31 01196085 2021-03-31 01196085 c:Director1 2021-04-01 2022-03-31 01196085 d:Buildings 2021-04-01 2022-03-31 01196085 d:Buildings 2022-03-31 01196085 d:Buildings 2021-03-31 01196085 d:Buildings d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 01196085 d:Buildings d:LeasedAssetsHeldAsLessee 2021-04-01 2022-03-31 01196085 d:PlantMachinery 2021-04-01 2022-03-31 01196085 d:PlantMachinery 2022-03-31 01196085 d:PlantMachinery 2021-03-31 01196085 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 01196085 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2021-04-01 2022-03-31 01196085 d:MotorVehicles 2021-04-01 2022-03-31 01196085 d:MotorVehicles 2022-03-31 01196085 d:MotorVehicles 2021-03-31 01196085 d:MotorVehicles d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 01196085 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2021-04-01 2022-03-31 01196085 d:OfficeEquipment 2021-04-01 2022-03-31 01196085 d:OfficeEquipment 2022-03-31 01196085 d:OfficeEquipment 2021-03-31 01196085 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 01196085 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2021-04-01 2022-03-31 01196085 d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 01196085 d:LeasedAssetsHeldAsLessee 2021-04-01 2022-03-31 01196085 d:CurrentFinancialInstruments 2022-03-31 01196085 d:CurrentFinancialInstruments 2021-03-31 01196085 d:Non-currentFinancialInstruments 2022-03-31 01196085 d:Non-currentFinancialInstruments 2021-03-31 01196085 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 01196085 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 01196085 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 01196085 d:Non-currentFinancialInstruments d:AfterOneYear 2021-03-31 01196085 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 01196085 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2021-03-31 01196085 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 01196085 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-03-31 01196085 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-03-31 01196085 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2021-03-31 01196085 d:ShareCapital 2022-03-31 01196085 d:ShareCapital 2021-03-31 01196085 d:RetainedEarningsAccumulatedLosses 2022-03-31 01196085 d:RetainedEarningsAccumulatedLosses 2021-03-31 01196085 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 01196085 d:AcceleratedTaxDepreciationDeferredTax 2021-03-31 01196085 d:TaxLossesCarry-forwardsDeferredTax 2022-03-31 01196085 d:TaxLossesCarry-forwardsDeferredTax 2021-03-31 01196085 c:OrdinaryShareClass2 2021-04-01 2022-03-31 01196085 c:OrdinaryShareClass2 2022-03-31 01196085 c:OrdinaryShareClass2 2021-03-31 01196085 c:OrdinaryShareClass3 2021-04-01 2022-03-31 01196085 c:OrdinaryShareClass3 2022-03-31 01196085 c:OrdinaryShareClass3 2021-03-31 01196085 c:OrdinaryShareClass4 2021-04-01 2022-03-31 01196085 c:OrdinaryShareClass4 2022-03-31 01196085 c:OrdinaryShareClass4 2021-03-31 01196085 c:OrdinaryShareClass5 2021-04-01 2022-03-31 01196085 c:OrdinaryShareClass5 2022-03-31 01196085 c:OrdinaryShareClass5 2021-03-31 01196085 c:FRS102 2021-04-01 2022-03-31 01196085 c:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 01196085 c:FullAccounts 2021-04-01 2022-03-31 01196085 c:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 01196085 d:HirePurchaseContracts d:WithinOneYear 2022-03-31 01196085 d:HirePurchaseContracts d:WithinOneYear 2021-03-31 01196085 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-03-31 01196085 d:HirePurchaseContracts d:BetweenOneFiveYears 2021-03-31 01196085 2 2021-04-01 2022-03-31 01196085 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-03-31 01196085 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2021-03-31 01196085 d:LeasedAssetsHeldAsLessee 2022-03-31 01196085 d:LeasedAssetsHeldAsLessee 2021-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 01196085










T. ALUN JONES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2022

 
T. ALUN JONES LIMITED
REGISTERED NUMBER:01196085

BALANCE SHEET
AS AT 31 MARCH 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 5 
3,621,789
3,106,196

  
3,621,789
3,106,196

Current assets
  

Stocks
  
117,389
60,867

Debtors: amounts falling due within one year
 6 
958,431
921,302

Cash at bank and in hand
 7 
317,087
597,357

  
1,392,907
1,579,526

Creditors: amounts falling due within one year
 8 
(982,526)
(1,002,128)

Net current assets
  
 
 
410,381
 
 
577,398

Total assets less current liabilities
  
4,032,170
3,683,594

Creditors: amounts falling due after more than one year
 9 
(673,996)
(555,863)

Provisions for liabilities
  

Deferred tax
 12 
(504,238)
(351,604)

  
 
 
(504,238)
 
 
(351,604)

Net assets
  
2,853,936
2,776,127


Capital and reserves
  

Called up share capital 
 13 
2,000
2,000

Profit and loss account
  
2,851,936
2,774,127

  
2,853,936
2,776,127

img2498.png Page 1

 
T. ALUN JONES LIMITED
REGISTERED NUMBER:01196085
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 July 2022.




T A Jones
Director

The notes on pages 3 to 13 form part of these financial statements.
img61a1.png Page 2

 
T. ALUN JONES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1.


General information

T. Alun Jones Limited, 01196085, is a private company limited by shares, incorporated in England and Wales, with its registered office and principal place of business at Severn Farm, Henfaes Lane, Welshpool, Powys, SY21 7BB. 
The principal activity of the Company is that of road haulage.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

img2110.png Page 3

 
T. ALUN JONES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

img14d5.png Page 4

 
T. ALUN JONES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
Buildings 2%, Improvements 10%
Plant and machinery
-
10%
Motor vehicles
-
20%
Office equipment
-
10 - 25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

img223b.png Page 5

 
T. ALUN JONES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.15

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

img0315.png Page 6

 
T. ALUN JONES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations or future events that are believed to be reasonable under the circumstances.
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the directors there are no estimates nor assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.


4.


Employees

The average monthly number of employees, including directors, during the year was 28 (2021 - 28).

img3bd7.png Page 7

 
T. ALUN JONES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

5.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2021
1,209,270
474,764
5,368,182
30,706
7,082,922


Additions
443,353
52,000
643,771
-
1,139,124


Disposals
-
-
(647,874)
-
(647,874)



At 31 March 2022

1,652,623
526,764
5,364,079
30,706
7,574,172



Depreciation


At 1 April 2021
439,742
364,851
3,141,643
30,490
3,976,726


Charge for the year on owned assets
15,997
14,376
120,386
79
150,838


Charge for the year on financed assets
-
-
272,565
-
272,565


Disposals
-
-
(447,746)
-
(447,746)



At 31 March 2022

455,739
379,227
3,086,848
30,569
3,952,383



Net book value



At 31 March 2022
1,196,884
147,537
2,277,231
137
3,621,789



At 31 March 2021
769,528
109,913
2,226,539
216
3,106,196

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2022
2021
£
£



Motor vehicles
1,488,067
1,322,748

1,488,067
1,322,748

img5c53.png Page 8

 
T. ALUN JONES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

6.


Debtors

2022
2021
£
£


Trade debtors
712,842
719,479

Other debtors
117,862
117,862

Prepayments and accrued income
85,843
42,077

Tax recoverable
41,884
41,884

958,431
921,302



7.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
317,087
597,357

317,087
597,357


img448a.png Page 9

 
T. ALUN JONES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

8.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank loans
16,644
55,737

Trade creditors
363,433
336,990

Other taxation and social security
63,956
110,757

Obligations under finance lease and hire purchase contracts
436,025
403,536

Other creditors
99,628
85,796

Accruals and deferred income
2,840
9,312

982,526
1,002,128


The following liabilities were secured:

2022
2021
£
£



Bank loans
16,644
55,737

Obligations under finance lease and hire purchase contracts
436,025
403,536

452,669
459,273

Details of security provided:

The bank loan is secured upon the assets of the Company.
Hire purchase liabilities are secured upon the assets to which they relate.

img7114.png Page 10

 
T. ALUN JONES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

9.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Bank loans
276,880
96,067

Net obligations under finance leases and hire purchase contracts
397,116
459,796

673,996
555,863


The following liabilities were secured:

2022
2021
£
£



Bank loans
276,880
96,067

Net obligations under finance leases and hire purchase contracts
397,116
459,796

673,996
555,863

Details of security provided:

The bank loan is secured upon the assets of the Company.
Hire purchase liabilities are secured upon the assets to which they relate.

img3555.png Page 11

 
T. ALUN JONES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

10.


Loans


Analysis of the maturity of loans is given below:


2022
2021
£
£

Amounts falling due within one year

Bank loans
16,644
55,737


16,644
55,737

Amounts falling due 1-2 years

Bank loans
16,644
57,042


16,644
57,042

Amounts falling due 2-5 years

Bank loans
49,933
39,025


49,933
39,025

Amounts falling due after more than 5 years

Bank loans
210,303
-

210,303
-

293,524
151,804



11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2022
2021
£
£


Within one year
436,025
403,536

Between 1-5 years
397,116
459,796

833,141
863,332

img5e9f.png Page 12

 
T. ALUN JONES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

12.


Deferred taxation




2022


£






At beginning of year
351,604


Charged to profit or loss
152,634



At end of year
504,238

The provision for deferred taxation is made up as follows:

2022
2021
£
£


Accelerated capital allowances
601,989
382,154

Tax losses carried forward
(97,751)
(30,550)

504,238
351,604


13.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



500 (2021 - 500) Ordinary A shares of £1.00 each
500
500
500 (2021 - 500) Ordinary B shares of £1.00 each
500
500
500 (2021 - 500) Ordinary C shares of £1.00 each
500
500
500 (2021 - 500) Ordinary D shares of £1.00 each
500
500

2,000

2,000



14.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £18,546 (2021: £16,986) . Contributions totalling £3,632 (2021: £2,734) were payable to the fund at the balance sheet date and are included in creditors.

 
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