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REGISTERED NUMBER: 12841644 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

JONES&COMPANY LTD

JONES&COMPANY LTD (REGISTERED NUMBER: 12841644)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JONES&COMPANY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







Director: Ms E K L Cooksley





Registered office: 4 Glasshouse Studios
Fryern Court Road
Burgate
Fordingbridge
Hampshire
SP6 1QX





Registered number: 12841644 (England and Wales)





Accountants: Optimum Tax and Accounting Limited
4 Glasshouse Studios
Fryern Court Road
Fordingbridge
Hampshire
SP6 1QX

JONES&COMPANY LTD (REGISTERED NUMBER: 12841644)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 225,000 262,500
Tangible assets 5 43,789 54,576
268,789 317,076

Current assets
Debtors 6 2,678 51,883
Cash at bank 263,314 82,860
265,992 134,743
Creditors
Amounts falling due within one year 7 312,448 372,800
Net current liabilities (46,456 ) (238,057 )
Total assets less current liabilities 222,333 79,019

Creditors
Amounts falling due after more than one
year

8

-

102,064
Net assets/(liabilities) 222,333 (23,045 )

Capital and reserves
Called up share capital 100 100
Retained earnings 222,233 (23,145 )
222,333 (23,045 )

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

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

The director acknowledges her 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.

JONES&COMPANY LTD (REGISTERED NUMBER: 12841644)

BALANCE SHEET - continued
31 JANUARY 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 9 November 2023 and were signed by:





Ms E K L Cooksley - Director


JONES&COMPANY LTD (REGISTERED NUMBER: 12841644)

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

1. STATUTORY INFORMATION

Jones&Company 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
The directors considers that, notwithstanding the company's negative net assets position, it is appropriate to prepare the accounts on a going concern basis as the company will be able to continue to meet its liabilities as they fall due, due to the continuing support of the directors.

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 2021, is being amortised evenly over its estimated useful life of ten 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 - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance

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 7 (2022 - 7 ) .

JONES&COMPANY LTD (REGISTERED NUMBER: 12841644)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 300,000
AMORTISATION
At 1 February 2022 37,500
Amortisation for year 37,500
At 31 January 2023 75,000
NET BOOK VALUE
At 31 January 2023 225,000
At 31 January 2022 262,500

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 February 2022
and 31 January 2023 69,362 3,144 72,506
DEPRECIATION
At 1 February 2022 17,341 589 17,930
Charge for year 10,404 383 10,787
At 31 January 2023 27,745 972 28,717
NET BOOK VALUE
At 31 January 2023 41,617 2,172 43,789
At 31 January 2022 52,021 2,555 54,576

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,678 43,345
Other debtors - 8,232
Prepayments - 306
2,678 51,883

JONES&COMPANY LTD (REGISTERED NUMBER: 12841644)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 118,207 144,140
Tax 78,267 7,573
Social security and other taxes (9,001 ) 22,244
Other creditors - 1,852
Directors' current accounts 49,975 -
Accrued expenses 75,000 196,991
312,448 372,800

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors - 102,064

9. RELATED PARTY DISCLOSURES

During the 2022 financial year, the company acquired the goodwill, trade and assets from Jones & Co (Salisbury) LLP, a partnership where the directors, Mr Allkins and Ms Cooksley, were designated members.

All transactions were carried out at arms length and at market value.

At the year end the company owed the LLP a total of £NIL (2022: £102,065), which can be found within Other Creditors due in more than a year in the comparative information.