Registered number
09421607
Jon Stone Surveyors Ltd
Report and Unaudited Accounts
29 February 2024
Jon Stone Surveyors Ltd
Registered number: 09421607
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,226 1,635
Current assets
Debtors 4 141,500 5,545
Cash at bank and in hand 14,541 130,189
156,041 135,734
Creditors: amounts falling due within one year 5 (17,588) (15,760)
Net current assets 138,453 119,974
Total assets less current liabilities 139,679 121,609
Provisions for liabilities (259) (311)
Net assets 139,420 121,298
Capital and reserves
Called up share capital 200 200
Profit and loss account 139,220 121,098
Shareholders' funds 139,420 121,298
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr J Stone
Director
Approved by the board on 8 April 2024
Jon Stone Surveyors Ltd
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The financial statements are presented in sterling which is the functional currency of the company and are rounded ot the nearest £.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and net of discounts. Turnover includes revenue earned from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023 4,465
At 29 February 2024 4,465
Depreciation
At 1 March 2023 2,830
Charge for the year 409
At 29 February 2024 3,239
Net book value
At 29 February 2024 1,226
At 28 February 2023 1,635
4 Debtors 2024 2023
£ £
Trade debtors 5,235 1,875
Amounts recoverable under contracts 2,285 1,550
Other debtors 133,980 2,120
141,500 5,545
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 42 42
Taxation and social security costs 15,331 11,460
Other creditors 2,215 4,258
17,588 15,760
6 Loans to director
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Loan - interest free and repayable on demand - 2,326 - 2,326
- 2,326 - 2,326
7 Related party transactions
During the year the company lent Seafield Development and Investment Ltd £127,000 at an interest rate of 2.25% pa. At the year end the loan including interest was £129,534. The loan is repayable on demand however the company is intending to repay the loan in April 2024. Seafield Development and Investment Ltd is under the same control as Jon Stone Surveyors Ltd.
8 Other information
Jon Stone Surveyors Ltd is a private company limited by shares and incorporated in England. Its registered office is:
5 Providence Court
Pynes Hill
Exeter
Devon
EX2 5JL
Jon Stone Surveyors Ltd 09421607 false 2023-03-01 2024-02-29 2024-02-29 VT Final Accounts April 2024 Mr J Stone No description of principal activity 09421607 2022-03-01 2023-02-28 09421607 core:WithinOneYear 2023-02-28 09421607 core:ShareCapital 2023-02-28 09421607 core:RetainedEarningsAccumulatedLosses 2023-02-28 09421607 2023-03-01 2024-02-29 09421607 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 09421607 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 09421607 bus:Director40 2023-03-01 2024-02-29 09421607 2 2023-03-01 2024-02-29 09421607 core:PlantMachinery 2023-03-01 2024-02-29 09421607 bus:Director1 2 2023-03-01 2024-02-29 09421607 countries:England 2023-03-01 2024-02-29 09421607 bus:FRS102 2023-03-01 2024-02-29 09421607 bus:FilletedAccounts 2023-03-01 2024-02-29 09421607 2024-02-29 09421607 core:WithinOneYear 2024-02-29 09421607 core:ShareCapital 2024-02-29 09421607 core:RetainedEarningsAccumulatedLosses 2024-02-29 09421607 core:PlantMachinery 2024-02-29 09421607 bus:Director1 2 2024-02-29 09421607 2023-02-28 09421607 core:PlantMachinery 2023-02-28 09421607 bus:Director1 2 2023-02-28 iso4217:GBP xbrli:pure