Registered number
10290499
C & C Jones Ltd
Filleted Accounts
31 July 2023
C & C Jones Ltd
Registered number: 10290499
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 50,000 50,000
Current assets
Debtors 4 7,831 9,271
Creditors: amounts falling due within one year 5 (89,772) (97,355)
Net current liabilities (81,941) (88,084)
Net liabilities (31,941) (38,084)
Capital and reserves
Called up share capital 5 5
Profit and loss account (31,946) (38,089)
Shareholders' funds (31,941) (38,084)
The directors are 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 directors acknowledge their 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.
Mrs Carol Mary Jones
Director
Approved by the board on 18 April 2024
C & C Jones Ltd
Notes to the Accounts
for the year ended 31 July 2023
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).
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 land and buildings, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 August 2022 50,000
At 31 July 2023 50,000
Depreciation
At 31 July 2023 -
Net book value
At 31 July 2023 50,000
At 31 July 2022 50,000
4 Debtors 2023 2022
£ £
Deferred tax asset 7,494 8,934
Other debtors 337 337
7,831 9,271
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 127
Other creditors 89,772 97,228
89,772 97,355
6 Related party transactions
At the period end the company owed £87,879 (2022: £96,868) to Mr Simon Craig Jones and Mrs Carol Mary Jones, directors. The loan is interest free and repayable in less than one year.
7 Controlling party
The company is ultimately controlled by Mr Simon Craig Jones and Mrs Carol Mary Jones, directors, who together own 100% of the issued share capital.
8 Basis of preparation
At the period end the company's balance sheet showed net current liabilities of £81,941 (2022: £88,084). This includes £87,878 (2022: £96,868) payable to Mr Simon Craig Jones and Mrs Carol Mary Jones, directors. The directors have indicated that they will continue to support the company financially until such time that it can afford to repay them. On this basis, the directors feel it is appropriate that the accounts are prepared on a going concern basis.
9 Other information
C & C Jones Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Tre-ru House
The Leats
Truro
Cornwall
TR1 3AG
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