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REGISTERED NUMBER: 09434747 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

JONES ELECTRICAL CONTRACTORS LIMITED

JONES ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 09434747)






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


JONES ELECTRICAL CONTRACTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: J W Jones





REGISTERED OFFICE: 34 Palmer Close
Hertford
Hertfordshire
SG14 3LD





REGISTERED NUMBER: 09434747 (England and Wales)





ACCOUNTANTS: Wilson Devenish
67 Newland Street
Witham
Essex
CM8 1AA

JONES ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 09434747)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,128 8,171

CURRENT ASSETS
Stocks 15,000 -
Debtors 5 29,572 23,852
Cash at bank 2 2
44,574 23,854
CREDITORS
Amounts falling due within one year 6 38,254 39,076
NET CURRENT ASSETS/(LIABILITIES) 6,320 (15,222 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,448

(7,051

)

CREDITORS
Amounts falling due after more than one
year

7

11,949

16,773
NET ASSETS/(LIABILITIES) 499 (23,824 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 498 (23,825 )
SHAREHOLDERS' FUNDS 499 (23,824 )

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 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.

JONES ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 09434747)

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 director and authorised for issue on 24 May 2023 and were signed by:





J W Jones - Director


JONES ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 09434747)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Jones Electrical Contractors 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

JONES ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 09434747)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 11,909
DEPRECIATION
At 1 March 2022 3,738
Charge for year 2,043
At 28 February 2023 5,781
NET BOOK VALUE
At 28 February 2023 6,128
At 28 February 2022 8,171

JONES ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 09434747)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 11,206
DEPRECIATION
At 1 March 2022 3,035
Charge for year 2,043
At 28 February 2023 5,078
NET BOOK VALUE
At 28 February 2023 6,128
At 28 February 2022 8,171

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,432 830
Other debtors 27,140 23,022
29,572 23,852

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,001 6,628
Hire purchase contracts 2,158 1,846
Trade creditors - 5,042
Taxation and social security 23,125 20,325
Other creditors 9,970 5,235
38,254 39,076

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 6,684 9,349
Hire purchase contracts 5,265 7,424
11,949 16,773

JONES ELECTRICAL CONTRACTORS LIMITED (REGISTERED NUMBER: 09434747)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
J W Jones
Balance outstanding at start of year 17,375 16,025
Amounts advanced 4,118 1,350
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 21,493 17,375