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REGISTERED NUMBER: NI050528 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Eugene Jones Limited

Eugene Jones Limited (Registered number: NI050528)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Eugene Jones Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs M Jones
Mr J Jones
Mr E Jones





SECRETARY: Mr E Jones





REGISTERED OFFICE: Ratona
ENNISKILLEN
Co. Fermanagh
BT74 5PA





REGISTERED NUMBER: NI050528 (Northern Ireland)





ACCOUNTANTS: Gildernew & Co Ltd
Six Northland Row
DUNGANNON
Co. Tyrone
BT71 6AW

Eugene Jones Limited (Registered number: NI050528)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 914,351 958,590

CURRENT ASSETS
Stocks 545,000 120,000
Debtors 5 39,685 18,944
Cash at bank 107,392 428,090
692,077 567,034
CREDITORS
Amounts falling due within one year 6 725,999 661,656
NET CURRENT LIABILITIES (33,922 ) (94,622 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

880,429

863,968

CREDITORS
Amounts falling due after more than one
year

7

34,882

44,061
NET ASSETS 845,547 819,907

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 845,544 819,904
845,547 819,907

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 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.

Eugene Jones Limited (Registered number: NI050528)

Balance Sheet - 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 Board of Directors and authorised for issue on 22 December 2023 and were signed on its behalf by:





Mr J Jones - Director


Eugene Jones Limited (Registered number: NI050528)

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


1. STATUTORY INFORMATION

Eugene Jones Limited is a private company, limited by shares , registered in Northern Ireland. 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.
Land and buildings - not provided
Plant and machinery etc - 20% reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

Eugene Jones Limited (Registered number: NI050528)

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


2. ACCOUNTING POLICIES - continued

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 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 490,352 897,379 1,387,731
Additions - 61,760 61,760
At 31 March 2023 490,352 959,139 1,449,491
DEPRECIATION
At 1 April 2022 - 429,141 429,141
Charge for year - 105,999 105,999
At 31 March 2023 - 535,140 535,140
NET BOOK VALUE
At 31 March 2023 490,352 423,999 914,351
At 31 March 2022 490,352 468,238 958,590

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade and other debtors 39,685 18,944

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 6,888 6,479
Hire purchase contracts 15,010 5,400
Trade creditors 331,190 205,559
Taxation and social security 14,685 4,843
Other creditors 358,226 439,375
725,999 661,656

Eugene Jones Limited (Registered number: NI050528)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 34,882 41,361
Hire purchase contracts - 2,700
34,882 44,061