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Company Registration No. 11469823 (England and Wales)
R and H L Jones Limited Unaudited accounts for the year ended 31 July 2023
R and H L Jones Limited Unaudited accounts Contents
Page
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R and H L Jones Limited Company Information for the year ended 31 July 2023
Directors
Ricky Jones Hanna Lilian Jones
Company Number
11469823 (England and Wales)
Registered Office
PANTEG FARM PINGED KIDWELLY CARMARTHEN SA16 0JE WALES
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R and H L Jones Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
224,000 
238,000 
Tangible assets
29,054 
20,083 
253,054 
258,083 
Current assets
Inventories
6,500 
3,500 
Debtors
202,585 
202,815 
Cash at bank and in hand
116,156 
82,773 
325,241 
289,088 
Creditors: amounts falling due within one year
(123,616)
(71,984)
Net current assets
201,625 
217,104 
Total assets less current liabilities
454,679 
475,187 
Creditors: amounts falling due after more than one year
(427,482)
(460,997)
Net assets
27,197 
14,190 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
27,097 
14,090 
Shareholders' funds
27,197 
14,190 
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 March 2024 and were signed on its behalf by
Ricky Jones Director Company Registration No. 11469823
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R and H L Jones Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
R and H L Jones Limited is a private company, limited by shares, registered in England and Wales, registration number 11469823. The registered office is PANTEG FARM, PINGED, KIDWELLY, CARMARTHEN, SA16 0JE, WALES.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% reducing balance
Fixtures & fittings
20% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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R and H L Jones Limited Notes to the Accounts for the year ended 31 July 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Charges
The National Westminster Bank PLC holds a fixed and floating charge and a negative pledge dated 30 December 2019 over R and H L Jones Limited on all monies, obligations and liabilities which may be due to the National Westminster Bank PLC now and in the future. (charge code 114698230002)
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2022
280,000 
At 31 July 2023
280,000 
Amortisation
At 1 August 2022
42,000 
Charge for the year
14,000 
At 31 July 2023
56,000 
Net book value
At 31 July 2023
224,000 
At 31 July 2022
238,000 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 August 2022
- 
- 
25,738 
21,524 
47,262 
Additions
12,575 
494 
- 
- 
13,069 
At 31 July 2023
12,575 
494 
25,738 
21,524 
60,331 
Depreciation
At 1 August 2022
- 
- 
14,482 
12,697 
27,179 
Charge for the year
- 
82 
2,251 
1,765 
4,098 
At 31 July 2023
- 
82 
16,733 
14,462 
31,277 
Net book value
At 31 July 2023
12,575 
412 
9,005 
7,062 
29,054 
At 31 July 2022
- 
- 
11,256 
8,827 
20,083 
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R and H L Jones Limited Notes to the Accounts for the year ended 31 July 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
230 
Amounts falling due after more than one year
Other debtors
202,585 
202,585 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
23,003 
24,492 
VAT
19,619 
14,393 
Obligations under finance leases and hire purchase contracts
- 
3,093 
Trade creditors
5,006 
3,211 
Amounts owed to group undertakings and other participating interests
22,355 
4,601 
Taxes and social security
8,341 
3,276 
Other creditors
- 
992 
Loans from directors
45,292 
17,926 
123,616 
71,984 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
427,482 
451,741 
Obligations under finance leases and hire purchase contracts
- 
9,256 
427,482 
460,997 
9
Average number of employees
During the year the average number of employees was 14 (2022: 14).
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