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REGISTERED NUMBER: 09448931 (England and Wales)










Jarvis Jones Joinery Limited

Unaudited Financial Statements

for the Year Ended 28 February 2023






Jarvis Jones Joinery Limited (Registered number: 09448931)






Contents of the Financial Statements
for the year ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

Jarvis Jones Joinery Limited

Company Information
for the year ended 28 February 2023







DIRECTORS: Mr M S Jarvis
Mr B Jones





REGISTERED OFFICE: First Floor
The Old Bank Building
Uxbridge Square
Menai Bridge
Anglesey
LL59 5WY





REGISTERED NUMBER: 09448931 (England and Wales)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

Jarvis Jones Joinery Limited (Registered number: 09448931)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,136 -
Investment property 5 569,905 569,905
603,041 569,905

CURRENT ASSETS
Stocks 6 500 500
Debtors 7 364,073 175,454
Cash at bank 194,814 309,069
559,387 485,023
CREDITORS
Amounts falling due within one year 8 126,505 94,732
NET CURRENT ASSETS 432,882 390,291
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,035,923

960,196

CREDITORS
Amounts falling due after more than one year 9 (122,515 ) (227,239 )

PROVISIONS FOR LIABILITIES (5,790 ) -
NET ASSETS 907,618 732,957

CAPITAL AND RESERVES
Called up share capital 12 110 110
Retained earnings 13 907,508 732,847
SHAREHOLDERS' FUNDS 907,618 732,957

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.

Jarvis Jones Joinery Limited (Registered number: 09448931)

Balance Sheet - continued
28 February 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 Board of Directors and authorised for issue on 23 November 2023 and were signed on its behalf by:




Mr M S Jarvis - Director



Mr B Jones - Director


Jarvis Jones Joinery Limited (Registered number: 09448931)

Notes to the Financial Statements
for the year ended 28 February 2023

1. STATUTORY INFORMATION

Jarvis Jones Joinery 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 etc - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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 7 (2022 - 7 ) .

Jarvis Jones Joinery Limited (Registered number: 09448931)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 34,798
At 28 February 2023 34,798
DEPRECIATION
Charge for year 1,662
At 28 February 2023 1,662
NET BOOK VALUE
At 28 February 2023 33,136

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 569,905
NET BOOK VALUE
At 28 February 2023 569,905
At 28 February 2022 569,905

6. STOCKS
2023 2022
£    £   
Stocks 500 500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 243,507 42,639
Retentions 5,658 7,098
CIS Tax suffered 109,268 125,100
VAT 5,640 -
Deferred tax asset - 617
364,073 175,454

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 10) 22,200 29,940
Trade creditors 24,831 50
Tax 45,250 37,460
VAT - 302
Other creditors 3,802 8,937
Directors' loan accounts 30,422 18,043
126,505 94,732

Jarvis Jones Joinery Limited (Registered number: 09448931)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 10) 122,515 227,239

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 122,515 227,239

10. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 22,200 29,940

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 122,515 227,239

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 144,715 257,179

Lloyds Bank PLC hold a general charge in relation to all property owned by the company.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100
10 Ordinary B £1 10 10
110 110

13. RESERVES
Retained
earnings
£   

At 1 March 2022 732,847
Profit for the year 230,661
Dividends (56,000 )
At 28 February 2023 907,508

Jarvis Jones Joinery Limited (Registered number: 09448931)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the directors on the basis that together they own all of the issued share capital in its entirety.

Jarvis Jones Joinery Limited

Report of the Accountants to the Directors of
Jarvis Jones Joinery Limited

The following reproduces the text of the report prepared for the directors 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 Directors 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 28 February 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.






Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN


23 November 2023