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REGISTERED NUMBER: OC403120 (England and Wales)












JOSEPH A JONES & CO LLP

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022






JOSEPH A JONES & CO LLP (REGISTERED NUMBER: OC403120)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022










Page

General Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


JOSEPH A JONES & CO LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







Designated members: Mr G F Rycroft
Mrs J Sammons
Mrs O R Smalley



Registered office: 6 Fenton Street
Lancaster
LA1 1TE



Registered number: OC403120 (England and Wales)



Accountants: Scott & Wilkinson
Dalton House
9 Dalton Square
LANCASTER
LA1 1WD



Bankers: National Westminster Bank Plc
68 Church Street
LANCASTER
LA1 1LN

JOSEPH A JONES & CO LLP (REGISTERED NUMBER: OC403120)

ABRIDGED BALANCE SHEET
31 MARCH 2022

2022 2021
Notes £    £   
Fixed assets
Tangible assets 4 21,395 16,530

Current assets
Stocks 1,384 1,204
Debtors 117,582 112,674
Cash at bank and in hand 108,044 92,207
227,010 206,085
Creditors
Amounts falling due within one year (102,635 ) (76,936 )
Net current assets 124,375 129,149
Total assets less current liabilities
and
Net assets attributable to members 145,770 145,679

Loans and other debts due to members 5 145,770 145,679

Total members' interests
Loans and other debts due to members 5 145,770 145,679

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2022.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

JOSEPH A JONES & CO LLP (REGISTERED NUMBER: OC403120)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2022


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2022 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 6 September 2022 and were signed by:





Mr G F Rycroft - Designated member

JOSEPH A JONES & CO LLP (REGISTERED NUMBER: OC403120)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022


1. Statutory information

Joseph A Jones & Co LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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 and represents amounts receivable, for services provided in the normal course of the business, net of discounts, rebates, value added tax and other sales tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 20% Reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Costs include costs directly attributable to making the asset capable of operating as intended.

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

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.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. Employee information

The average number of employees during the year was 15 (2021 - 13 ) .

JOSEPH A JONES & CO LLP (REGISTERED NUMBER: OC403120)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


4. Tangible fixed assets
Totals
£   
Cost
At 1 April 2021 36,131
Additions 12,902
At 31 March 2022 49,033
Depreciation
At 1 April 2021 19,601
Charge for year 8,037
At 31 March 2022 27,638
Net book value
At 31 March 2022 21,395
At 31 March 2021 16,530

5. Loans and other debts due to members

Loans and other debts due to members are unsecured and would rank pari passu with other unsecured creditors in the event of a winding up.

6. Related party disclosures

During the year, the LLP paid rent on a normal commercial basis to one designated member and one former member of the LLP, in the sum of £22,500.

The designated members of the LLP, by virtue of their membership, hold shares in and receive dividends from Fenton Street Financial Services Limited, to whom the LLP refers clients. For the year ended 31 March 2022, the dividend total allocated to the designated members was £3,801 (2021 £7,434).