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REGISTERED NUMBER: 05185456 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2022

for

JONES & CO OF YORK LIMITED

JONES & CO OF YORK LIMITED (REGISTERED NUMBER: 05185456)






Contents of the Financial Statements
for the year ended 31 January 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JONES & CO OF YORK LIMITED

Company Information
for the year ended 31 January 2022







DIRECTORS: S J Morrell FCCA
Mrs N L Morrell ACA





SECRETARY:





REGISTERED OFFICE: Wellington House
Aviator Court
York
North Yorkshire
YO30 4UZ





REGISTERED NUMBER: 05185456 (England and Wales)





ACCOUNTANTS: Brodericks (York) Ltd
Wellington House
Aviator Court
Clifton Moor
York
North Yorkshire
YO30 4UZ

JONES & CO OF YORK LIMITED (REGISTERED NUMBER: 05185456)

Balance Sheet
31 January 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 30,014 41,258

CURRENT ASSETS
Stocks 35,814 27,592
Debtors 5 21,073 19,223
Cash at bank 8,482 43,498
65,369 90,313
CREDITORS
Amounts falling due within one year 6 61,642 70,207
NET CURRENT ASSETS 3,727 20,106
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,741

61,364

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 7 32,741 60,364
33,741 61,364

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2022 and were signed on its behalf by:





S J Morrell FCCA - Director


JONES & CO OF YORK LIMITED (REGISTERED NUMBER: 05185456)

Notes to the Financial Statements
for the year ended 31 January 2022

1. STATUTORY INFORMATION

Jones & Co of York Limited 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 2 ) .

JONES & CO OF YORK LIMITED (REGISTERED NUMBER: 05185456)

Notes to the Financial Statements - continued
for the year ended 31 January 2022

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2021
and 31 January 2022 225,000
AMORTISATION
At 1 February 2021 183,742
Charge for year 11,244
At 31 January 2022 194,986
NET BOOK VALUE
At 31 January 2022 30,014
At 31 January 2021 41,258

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 21,073 19,223

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 50,307 47,093
Trade creditors (1 ) -
Taxation and social security 6,336 18,114
Other creditors 5,000 5,000
61,642 70,207

7. RESERVES
Retained
earnings
£   

At 1 February 2021 60,364
Deficit for the year (10,623 )
Dividends (17,000 )
At 31 January 2022 32,741