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REGISTERED NUMBER: 00057145 (England and Wales)


















Jones & Brooks,limited

Unaudited Financial Statements for the Year Ended 28 February 2023






Jones & Brooks,limited (Registered number: 00057145)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Jones & Brooks,limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: R V Blair
Ms R Blair
Mrs H J Blair
Ms C Blair
A Blair
A Blair
Ms V Kopczak





REGISTERED OFFICE: Unit 13 Riverside Drive
Smallbridge Industrial Park
Rochdale
Lancashire
OL16 2SH





REGISTERED NUMBER: 00057145 (England and Wales)





ACCOUNTANTS: Carter Collins & Myer Limited
Chichester House
2 Chichester Street
Rochdale
Lancashire
OL16 2AX

Jones & Brooks,limited (Registered number: 00057145)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,304,258 2,338,190

CURRENT ASSETS
Stocks 5 721,900 698,582
Debtors 6 1,292,316 1,483,528
Cash at bank and in hand 377,919 590,679
2,392,135 2,772,789
CREDITORS
Amounts falling due within one year 7 1,294,238 1,653,185
NET CURRENT ASSETS 1,097,897 1,119,604
TOTAL ASSETS LESS CURRENT LIABILITIES 3,402,155 3,457,794

CREDITORS
Amounts falling due after more than one year 8 (2,999,900 ) (3,000,000 )

PROVISIONS FOR LIABILITIES 9 (395,225 ) (399,135 )
NET ASSETS 7,030 58,659

CAPITAL AND RESERVES
Called up share capital 10 3,840 3,840
Capital redemption reserve 11 210 210
Retained earnings 11 2,980 54,609
SHAREHOLDERS' FUNDS 7,030 58,659

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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 19 October 2023 and were signed on its behalf by:



R V Blair - Director


Jones & Brooks,limited (Registered number: 00057145)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Jones & Brooks,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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 30% on reducing balance
Motor vehicles - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 55 (2022 - 58 ) .

Jones & Brooks,limited (Registered number: 00057145)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2022 6,844,209 277,777 48,680 7,170,666
Additions 344,084 6,517 - 350,601
Disposals (337,288 ) - - (337,288 )
At 28 February 2023 6,851,005 284,294 48,680 7,183,979
DEPRECIATION
At 1 March 2022 4,559,858 260,448 12,170 4,832,476
Charge for year 343,674 7,156 9,128 359,958
Eliminated on disposal (312,713 ) - - (312,713 )
At 28 February 2023 4,590,819 267,604 21,298 4,879,721
NET BOOK VALUE
At 28 February 2023 2,260,186 16,690 27,382 2,304,258
At 28 February 2022 2,284,351 17,329 36,510 2,338,190

5. STOCKS
28.2.23 28.2.22
£    £   
Stocks 258,818 322,347
Work-in-progress 20,753 40,091
Finished goods 442,329 336,144
721,900 698,582

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 1,041,290 1,172,370
Amount due from parent company 235,000 260,100
Prepayments and accrued income 16,026 51,058
1,292,316 1,483,528

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 855,830 669,016
Tax 127,929 123,254
Social security and other taxes 35,465 34,436
Nest Pension Creditor 3,146 1,033
VAT 167,645 196,303
Other creditors 300 -
Net Pay Creditor 15,105 13,304
Accrued expenses 88,818 615,839
1,294,238 1,653,185

Jones & Brooks,limited (Registered number: 00057145)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Loans from parent undertakings 2,999,900 3,000,000

9. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred tax 395,225 399,135

Deferred
tax
£   
Balance at 1 March 2022 399,135
Provided during year (3,910 )
Balance at 28 February 2023 395,225

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
752 Ordinary £5 3,760 3,760
1 Ordinary A £5 5 5
1 Ordinary B £5 5 5
1 Ordinary C £5 5 5
1 Ordinary D £5 5 5
1 Ordinary E £5 5 5
1 Ordinary F £5 5 5
1 Ordinary G £5 5 5
1 Ordinary H £5 5 5
1 Ordinary I £5 5 5
1 Ordinary J £5 5 5
1 Ordinary K £5 5 5
1 Ordinary L £5 5 5
1 Ordinary M £5 5 5
1 Ordinary N £5 5 5
1 Ordinary O £5 5 5
1 Ordinary P £5 5 5
3,840 3,840

11. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 March 2022 54,609 210 54,819
Profit for the year 673,371 673,371
Dividends (725,000 ) (725,000 )
At 28 February 2023 2,980 210 3,190