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REGISTERED NUMBER: 04695048 (England and Wales)















F H JONES & SONS (ELECTRICAL) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2023






F H JONES & SONS (ELECTRICAL) LIMITED (REGISTERED NUMBER: 04695048)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


F H JONES & SONS (ELECTRICAL) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2023







DIRECTORS: B L Jones
J S Jones





SECRETARY: J S Jones





REGISTERED OFFICE: Oaklands
The Hill, Bryngwyn
Raglan
Monmouthshire
NP15 2JH





REGISTERED NUMBER: 04695048 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

F H JONES & SONS (ELECTRICAL) LIMITED (REGISTERED NUMBER: 04695048)

BALANCE SHEET
30TH SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 241,593 270,297

CURRENT ASSETS
Stocks 98,385 118,121
Debtors 5 96,926 79,136
195,311 197,257
CREDITORS
Amounts falling due within one year 6 272,463 295,353
NET CURRENT LIABILITIES (77,152 ) (98,096 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

164,441

172,201

CREDITORS
Amounts falling due after more than one
year

7

(41,294

)

(81,342

)

PROVISIONS FOR LIABILITIES (45,903 ) (51,356 )
NET ASSETS 77,244 39,503

F H JONES & SONS (ELECTRICAL) LIMITED (REGISTERED NUMBER: 04695048)

BALANCE SHEET - continued
30TH SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 8 110 110
Retained earnings 77,134 39,393
SHAREHOLDERS' FUNDS 77,244 39,503

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16th February 2024 and were signed on its behalf by:





B L Jones - Director


F H JONES & SONS (ELECTRICAL) LIMITED (REGISTERED NUMBER: 04695048)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023

1. STATUTORY INFORMATION

F H Jones & Sons (Electrical) 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 - 15% on reducing balance
Motor vehicles - 15% 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 Profit and Loss, 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.


F H JONES & SONS (ELECTRICAL) LIMITED (REGISTERED NUMBER: 04695048)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023

2. ACCOUNTING POLICIES - continued
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
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.

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 9 (2022 - 12 ) .

F H JONES & SONS (ELECTRICAL) LIMITED (REGISTERED NUMBER: 04695048)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st October 2022 277,488 323,322 600,810
Additions 13,925 - 13,925
At 30th September 2023 291,413 323,322 614,735
DEPRECIATION
At 1st October 2022 184,991 145,522 330,513
Charge for year 15,959 26,670 42,629
At 30th September 2023 200,950 172,192 373,142
NET BOOK VALUE
At 30th September 2023 90,463 151,130 241,593
At 30th September 2022 92,497 177,800 270,297

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st October 2022 - 137,980 137,980
Additions 3,199 - 3,199
At 30th September 2023 3,199 137,980 141,179
DEPRECIATION
At 1st October 2022 - 25,537 25,537
Charge for year 480 16,866 17,346
At 30th September 2023 480 42,403 42,883
NET BOOK VALUE
At 30th September 2023 2,719 95,577 98,296
At 30th September 2022 - 112,443 112,443

F H JONES & SONS (ELECTRICAL) LIMITED (REGISTERED NUMBER: 04695048)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 96,926 78,136
Other debtors - 1,000
96,926 79,136

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 39,943 30,613
Hire purchase contracts 23,991 32,169
Trade creditors 83,809 124,581
Corporation Tax 28,108 9,343
Social security and other taxes 5,183 16,040
Pension creditor 938 -
VAT 21,463 9,076
Other creditors 44,898 70,085
CT61 tax 1,088 1,088
Deferred income 19,350 -
Accrued expenses 3,692 2,358
272,463 295,353

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 14,500
Bank loans - 2-5 years 8,366 21,272
Hire purchase contracts 22,928 45,570
41,294 81,342

8. 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

F H JONES & SONS (ELECTRICAL) LIMITED (REGISTERED NUMBER: 04695048)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023

9. RELATED PARTY DISCLOSURES

At the year end the company owed B L and J Jones £44,898 (2022 - £70,085).

Included in sales is £19,303 (2022 - £61,869) received from the directors and majority shareholders B L and J S Jones in respect of work carried out by the company at a property that they own privately. Included in purchases are costs totalling £14,774 (2022 - £58,282) incurred in respect of work carried out by the company at the same property. At the year end the company was owed £13,183 (2022 - £13,423) in respect of this work, with the balance included in trade debtors.