IRIS Accounts Production v23.3.0.418 04722837 director 1.4.22 31.3.23 31.3.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh047228372022-03-31047228372023-03-31047228372022-04-012023-03-31047228372021-03-31047228372021-04-012022-03-31047228372022-03-3104722837ns10:Originalns15:EnglandWales2022-04-012023-03-3104722837ns14:PoundSterlingns10:Original2022-04-012023-03-3104722837ns10:Originalns10:Director12022-04-012023-03-3104722837ns10:Original2022-04-012023-03-3104722837ns10:Original2023-03-3104722837ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3104722837ns10:Originalns10:SmallEntities2022-04-012023-03-3104722837ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3104722837ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3104722837ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3104722837ns10:Originalns10:FullAccounts2022-04-012023-03-3104722837ns10:Original12022-04-012023-03-3104722837ns10:CompanySecretary1ns10:Original2022-04-012023-03-3104722837ns10:Originalns10:RegisteredOffice2022-04-012023-03-3104722837ns10:Original2022-03-3104722837ns10:Originalns5:CurrentFinancialInstruments2023-03-3104722837ns10:Originalns5:CurrentFinancialInstruments2022-03-3104722837ns10:Originalns5:Non-currentFinancialInstruments2023-03-3104722837ns10:Originalns5:Non-currentFinancialInstruments2022-03-3104722837ns5:ShareCapitalns10:Original2023-03-3104722837ns5:ShareCapitalns10:Original2022-03-3104722837ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3104722837ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3104722837ns10:Originalns5:NetGoodwill2022-04-012023-03-3104722837ns10:Originalns5:FurnitureFittings2022-04-012023-03-3104722837ns10:Originalns5:ComputerEquipment2022-04-012023-03-3104722837ns10:Original2021-04-012022-03-3104722837ns10:Originalns5:NetGoodwill2022-03-3104722837ns10:Originalns5:NetGoodwill2023-03-3104722837ns10:Originalns5:NetGoodwill2022-03-3104722837ns10:Originalns5:FurnitureFittings2022-03-3104722837ns10:Originalns5:ComputerEquipment2022-03-3104722837ns10:Original2022-03-3104722837ns10:Originalns5:FurnitureFittings2023-03-3104722837ns10:Originalns5:ComputerEquipment2023-03-3104722837ns10:Originalns5:FurnitureFittings2022-03-3104722837ns10:Originalns5:ComputerEquipment2022-03-3104722837ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104722837ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3104722837ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-03-3104722837ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-03-3104722837ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3104722837ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-03-3104722837ns10:Original1ns10:Director12022-03-3104722837ns10:Original1ns10:Director12021-03-3104722837ns10:Original1ns10:Director12022-04-012023-03-3104722837ns10:Original1ns10:Director12021-04-012022-03-3104722837ns10:Original1ns10:Director12023-03-3104722837ns10:Original1ns10:Director12022-03-31
REGISTERED NUMBER: 04722837 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Nick Jones Limited

Nick Jones Limited (Registered number: 04722837)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Nick Jones Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: N J H Jones





SECRETARY: F S B Jones





REGISTERED OFFICE: Laneside House
Bainton Road
Bucknell
Bicester
Oxfordshire
OX27 7LT





REGISTERED NUMBER: 04722837 (England and Wales)





ACCOUNTANTS: Butt Miller
Chartered Accountants
1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY

Nick Jones Limited (Registered number: 04722837)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 451 917
451 917

CURRENT ASSETS
Debtors 6 2,750 11,730
Cash at bank and in hand 5,928 12,608
8,678 24,338
CREDITORS
Amounts falling due within one year 7 (12,922 ) (14,412 )
NET CURRENT (LIABILITIES)/ASSETS (4,244 ) 9,926
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,793

)

10,843

CREDITORS
Amounts falling due after more than one
year

8

(6,500

)

(9,500

)

PROVISIONS FOR LIABILITIES (86 ) (174 )
NET (LIABILITIES)/ASSETS (10,379 ) 1,169

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (10,381 ) 1,167
SHAREHOLDERS' FUNDS (10,379 ) 1,169

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.

Nick Jones Limited (Registered number: 04722837)

Statement of Financial Position - 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 2 November 2023 and were signed by:





N J H Jones - Director


Nick Jones Limited (Registered number: 04722837)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Nick Jones 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the value of services provided under contracts net of value added tax, to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, has been fully amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension cost
The company contributes to privately administered pension plans. Contributions are charged to the Income Statement in the period to which they relate.

Going concern
After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Nick Jones Limited (Registered number: 04722837)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 30,000
AMORTISATION
At 1 April 2022
and 31 March 2023 30,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 614 2,722 3,336
DEPRECIATION
At 1 April 2022 614 1,805 2,419
Charge for year - 466 466
At 31 March 2023 614 2,271 2,885
NET BOOK VALUE
At 31 March 2023 - 451 451
At 31 March 2022 - 917 917

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,653 11,694
VAT 97 36
2,750 11,730

Nick Jones Limited (Registered number: 04722837)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans 3,000 3,000
Trade creditors 16 55
Tax 6,512 9,117
Director's current account 1,484 330
Accruals and deferred income 1,910 1,910
12,922 14,412

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 3,000 3,000
Bank loans - 2-5 years 3,500 6,500
6,500 9,500

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
N J H Jones
Balance outstanding at start of year (330 ) (4 )
Amounts advanced - 5,704
Amounts repaid (1,154 ) (6,030 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,484 ) (330 )

The above loan is unsecured, repayable on demand and where applicable, interest has been charged at the HMRC approved rate.

10. DIVIDENDS

The dividend declared was based on interim accounts which showed that there were sufficient profits available for distribution at the time the dividend was paid. The director acknowledges that no further distributions can be made until there are sufficient profits available for that purpose.