Company registration number 05060399 (England and Wales)
JONKERS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 APRIL 2023
PAGES FOR FILING WITH REGISTRAR
Century House
Wargrave Road
Henley-on-Thames
Oxfordshire
United Kingdom
RG9 2LT
JONKERS LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 9
JONKERS LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr. C. Jonkers
Ms. S. Jonkers
Secretary
Mr. C. Jonkers
Company number
05060399
Registered office
27 Hart Street
Henley On Thames
Oxfordshire
United Kingdom
RG9 2AR
Accountants
Verallo
Century House
Wargrave Road
Henley-on-Thames
Oxfordshire
United Kingdom
RG9 2LT
JONKERS LIMITED
BALANCE SHEET
AS AT 30 APRIL 2023
30 April 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
461,484
475,000
Current assets
Stocks
1,216,429
1,230,520
Debtors
4
2,552,231
1,740,792
Cash at bank and in hand
542,491
902,680
4,311,151
3,873,992
Creditors: amounts falling due within one year
5
(621,022)
(537,421)
Net current assets
3,690,129
3,336,571
Total assets less current liabilities
4,151,613
3,811,571
Creditors: amounts falling due after more than one year
6
(22,500)
(112,500)
Provisions for liabilities
(6,292)
(5,333)
Net assets
4,122,821
3,693,738
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
4,122,721
3,693,638
Total equity
4,122,821
3,693,738
JONKERS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2023
30 April 2023
- 3 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 2 November 2023 and are signed on its behalf by:
Mr. C. Jonkers
Director
Company Registration No. 05060399
The notes on pages 4 to 9 form part of these financial statements
JONKERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023
- 4 -
1
Accounting policies
Company information

Jonkers Limited is a private company limited by shares incorporated in England and Wales. The registered office is 27 Hart Street, Henley On Thames, Oxfordshire, United Kingdom, RG9 2AR.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings freehold
2% straight line
Plant and machinery
25% straight line
Fixtures, fittings & equipment
15% reducing balance
Computer equipment
33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

JONKERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
1
Accounting policies
(Continued)
- 5 -

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

 

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

JONKERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
1
Accounting policies
(Continued)
- 6 -
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Derivatives

Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to fair value at each reporting end date. The resulting gain or loss is recognised in profit or loss immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in profit or loss depends on the nature of the hedge relationship.

 

A derivative with a positive fair value is recognised as a financial asset, whereas a derivative with a negative fair value is recognised as a financial liability.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

JONKERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
1
Accounting policies
(Continued)
- 7 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

Government grants relating to turnover are recognised as income over the periods when the related costs are incurred. Grants relating to an asset are recognised in income systematically over the asset's expected useful life. If part of such a grant is deferred it is recognised as deferred income rather than being deducted from the asset's carrying amount.

1.14
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

JONKERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
- 8 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
5
5
3
Tangible fixed assets
Land and buildings freehold
Plant and machinery
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
£
£
Cost
At 1 May 2022
519,172
4,111
68,224
25,847
617,354
Additions
-
0
374
1,458
998
2,830
At 30 April 2023
519,172
4,485
69,682
26,845
620,184
Depreciation and impairment
At 1 May 2022
72,645
4,085
44,894
20,730
142,354
Depreciation charged in the year
10,383
43
3,543
2,377
16,346
At 30 April 2023
83,028
4,128
48,437
23,107
158,700
Carrying amount
At 30 April 2023
436,144
357
21,245
3,738
461,484
At 30 April 2022
446,527
26
23,330
5,117
475,000
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
280,272
171,633
Other debtors
2,265,208
1,562,882
Prepayments and accrued income
6,751
6,277
2,552,231
1,740,792
JONKERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
- 9 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
90,000
67,500
Trade creditors
133,424
112,954
Corporation tax
324,584
322,997
Other taxation and social security
1,111
3,135
Other creditors
69,608
28,708
Accruals and deferred income
2,295
2,127
621,022
537,421

The aggregate amount of creditors for which security has been given amounted to £90,000 (2022 - £67,500).

6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans
22,500
112,500

The aggregate amount of creditors for which security has been given amounted to £22,500 (2022 - £112,500).

7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
8
Directors' transactions

The directors maintain a loan account with the company. At the start of the year, the directors owed the company £1,179,077. During the year a further £1,042,857 was advanced to the directors and repayments were made totalling £554,932. Beneficial loan interest has been charged on the overdrawn balance at 2% amounting to £28,461. At the year end the directors owed the company £1,695,463.

2023-04-302022-05-01false02 November 2023CCH SoftwareCCH Accounts Production 2023.100No description of principal activityMs. S. JonkersMs. S. JonkersMr. C. Jonkers050603992022-05-012023-04-3005060399bus:CompanySecretaryDirector12022-05-012023-04-3005060399bus:Director12022-05-012023-04-3005060399bus:CompanySecretary12022-05-012023-04-3005060399bus:Director22022-05-012023-04-3005060399bus:RegisteredOffice2022-05-012023-04-30050603992023-04-30050603992022-04-3005060399core:LandBuildingscore:OwnedOrFreeholdAssets2023-04-3005060399core:PlantMachinery2023-04-3005060399core:FurnitureFittings2023-04-3005060399core:ComputerEquipment2023-04-3005060399core:LandBuildingscore:OwnedOrFreeholdAssets2022-04-3005060399core:PlantMachinery2022-04-3005060399core:FurnitureFittings2022-04-3005060399core:ComputerEquipment2022-04-3005060399core:CurrentFinancialInstrumentscore:WithinOneYear2023-04-3005060399core:CurrentFinancialInstrumentscore:WithinOneYear2022-04-3005060399core:Non-currentFinancialInstrumentscore:AfterOneYear2023-04-3005060399core:Non-currentFinancialInstrumentscore:AfterOneYear2022-04-3005060399core:ShareCapital2023-04-3005060399core:ShareCapital2022-04-3005060399core:RetainedEarningsAccumulatedLosses2023-04-3005060399core:RetainedEarningsAccumulatedLosses2022-04-3005060399core:LandBuildingscore:OwnedOrFreeholdAssets2022-05-012023-04-3005060399core:PlantMachinery2022-05-012023-04-3005060399core:FurnitureFittings2022-05-012023-04-3005060399core:ComputerEquipment2022-05-012023-04-30050603992021-05-012022-04-3005060399core:LandBuildingscore:OwnedOrFreeholdAssets2022-04-3005060399core:PlantMachinery2022-04-3005060399core:FurnitureFittings2022-04-3005060399core:ComputerEquipment2022-04-30050603992022-04-3005060399core:CurrentFinancialInstruments2023-04-3005060399core:CurrentFinancialInstruments2022-04-3005060399core:Non-currentFinancialInstruments2023-04-3005060399core:Non-currentFinancialInstruments2022-04-3005060399bus:PrivateLimitedCompanyLtd2022-05-012023-04-3005060399bus:SmallCompaniesRegimeForAccounts2022-05-012023-04-3005060399bus:FRS1022022-05-012023-04-3005060399bus:AuditExemptWithAccountantsReport2022-05-012023-04-3005060399bus:FullAccounts2022-05-012023-04-30xbrli:purexbrli:sharesiso4217:GBP