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REGISTERED NUMBER: 07034367 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

G D JONES AND SON LTD

G D JONES AND SON LTD (REGISTERED NUMBER: 07034367)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

G D JONES AND SON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: M D Jones





SECRETARY:





REGISTERED OFFICE: The Fuel Depot
Industrial Estate
Gaerwen
Ynys Mon
LL60 6HR





REGISTERED NUMBER: 07034367 (England and Wales)





ACCOUNTANTS: R. Lunt Roberts & Co.
75A High Street
Bangor
Gwynedd
LL57 1NR

G D JONES AND SON LTD (REGISTERED NUMBER: 07034367)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 585,000 651,000
Tangible assets 5 1,384,174 1,205,756
Investments 6 - 557,595
1,969,174 2,414,351

CURRENT ASSETS
Stocks 111,847 135,690
Debtors 7 1,404,256 1,959,097
Cash at bank and in hand 3,963,902 2,620,261
5,480,005 4,715,048
CREDITORS
Amounts falling due within one year 8 2,244,887 2,938,645
NET CURRENT ASSETS 3,235,118 1,776,403
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,204,292

4,190,754

CREDITORS
Amounts falling due after more than one
year

9

1,268,881

1,294,778
NET ASSETS 3,935,411 2,895,976

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 3,935,111 2,895,676
SHAREHOLDERS' FUNDS 3,935,411 2,895,976

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

G D JONES AND SON LTD (REGISTERED NUMBER: 07034367)

BALANCE SHEET - continued
31 MARCH 2023


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 director and authorised for issue on 18 October 2023 and were signed by:





M D Jones - Director


G D JONES AND SON LTD (REGISTERED NUMBER: 07034367)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

G D Jones And Son Ltd 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 2012, is being amortised evenly over its estimated useful life of twenty 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.
Plant and machinery etc - 25% on reducing balance and 10% on reducing balance

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.

G D JONES AND SON LTD (REGISTERED NUMBER: 07034367)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

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 11 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 1,005,000
AMORTISATION
At 1 April 2022 354,000
Charge for year 66,000
At 31 March 2023 420,000
NET BOOK VALUE
At 31 March 2023 585,000
At 31 March 2022 651,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 578,337 1,484,322 2,062,659
Additions 50,607 315,216 365,823
Disposals - (6,250 ) (6,250 )
At 31 March 2023 628,944 1,793,288 2,422,232
DEPRECIATION
At 1 April 2022 - 856,903 856,903
Charge for year - 181,155 181,155
At 31 March 2023 - 1,038,058 1,038,058
NET BOOK VALUE
At 31 March 2023 628,944 755,230 1,384,174
At 31 March 2022 578,337 627,419 1,205,756

G D JONES AND SON LTD (REGISTERED NUMBER: 07034367)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022 557,595
Disposals (557,595 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 557,595

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 1,292,011 1,829,373
Other debtors 112,245 129,724
1,404,256 1,959,097

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 1,993,893 2,397,556
Taxation and social security 203,945 110,634
Other creditors 47,049 430,455
2,244,887 2,938,645

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Other creditors 1,268,881 1,294,778

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 1,000,000 1,000,000

Repayable by instalments
Other loans more 5yrs instal 268,881 294,778

G D JONES AND SON LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
G D JONES AND SON LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






R. Lunt Roberts & Co.
75A High Street
Bangor
Gwynedd
LL57 1NR


18 October 2023