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
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
R and H L Jones Limited
Statement of financial position
as at 31 July 2023
Intangible assets
224,000
238,000
Tangible assets
29,054
20,083
Cash at bank and in hand
116,156
82,773
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)
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
R and H L Jones Limited
Notes to the Accounts
for the year ended 31 July 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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 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.
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.
R and H L Jones Limited
Notes to the Accounts
for the year ended 31 July 2023
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.
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
Charge for the year
14,000
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
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
At 31 July 2023
12,575
412
9,005
7,062
29,054
At 31 July 2022
-
-
11,256
8,827
20,083
R and H L Jones Limited
Notes to the Accounts
for the year ended 31 July 2023
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
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
Loans from directors
45,292
17,926
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
9
Average number of employees
During the year the average number of employees was 14 (2022: 14).