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Company Registration No. 04615539 (England and Wales)
Julia Jones Limited Unaudited accounts for the year ended 31 December 2023
Julia Jones Limited Unaudited accounts Contents
Page
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Julia Jones Limited Company Information for the year ended 31 December 2023
Directors
Zeta Alice Jones Julia Mary Gleave Robert Adam Jones
Secretary
Mr R A Jones
Company Number
04615539 (England and Wales)
Registered Office
Conway Road Mochdre Colwyn Bay LL28 5HQ
Accountants
Power Accountants, Business and Tax Advisors Limited Royal House, 14 Upper Northgate Street Chester CH1 4EE
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Julia Jones Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
921,941 
556,234 
Current assets
Inventories
65,000 
50,000 
Debtors
102,715 
91,170 
Cash at bank and in hand
49 
181,267 
167,764 
322,437 
Creditors: amounts falling due within one year
(306,499)
(187,706)
Net current (liabilities)/assets
(138,735)
134,731 
Total assets less current liabilities
783,206 
690,965 
Creditors: amounts falling due after more than one year
(423,745)
(280,498)
Provisions for liabilities
Deferred tax
(4,965)
(4,965)
Net assets
354,496 
405,502 
Capital and reserves
Called up share capital
120 
120 
Profit and loss account
354,376 
405,382 
Shareholders' funds
354,496 
405,502 
For the year ending 31 December 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 30 July 2024 and were signed on its behalf by
Zeta Alice Jones Director Company Registration No. 04615539
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Julia Jones Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Julia Jones Limited is a private company, limited by shares, registered in England and Wales, registration number 04615539. The registered office is Conway Road, Mochdre , Colwyn Bay, LL28 5HQ.
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
These financial statements have been prepared in accordance with the provisions of Section 1A"Small Entities “of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable services rendered, stated net of discounts and of Value Added Tax. When the consideration receivable in cash or cash equivalents is deferred, and the arrangement constitutes in effect a financing transaction, the fair value of the consideration is measured as the present value of all future receipts determined using an imputed rate of interest, normally the rate that discounts the nominal amount of consideration to the cash sales price.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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:
Plant & machinery
25%
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.
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Julia Jones Limited Notes to the Accounts for the year ended 31 December 2023
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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.
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued, non-depreciable tangible
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
530,102 
55,532 
- 
585,634 
Additions
328,803 
1,399 
57,578 
387,780 
Disposals
- 
(12,424)
- 
(12,424)
At 31 December 2023
858,905 
44,507 
57,578 
960,990 
Depreciation
At 1 January 2023
- 
29,400 
- 
29,400 
Charge for the year
- 
4,378 
11,289 
15,667 
On disposals
- 
(6,018)
- 
(6,018)
At 31 December 2023
- 
27,760 
11,289 
39,049 
Net book value
At 31 December 2023
858,905 
16,747 
46,289 
921,941 
At 31 December 2022
530,102 
26,132 
- 
556,234 
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Julia Jones Limited Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
94,828 
63,208 
Accrued income and prepayments
- 
12,810 
Other debtors
7,887 
15,152 
102,715 
91,170 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
79,279 
21,980 
VAT
38,968 
38,680 
Trade creditors
126,293 
77,670 
Taxes and social security
32,096 
172 
Other creditors
- 
6,855 
Loans from directors
25,812 
38,449 
Accruals
4,051 
3,900 
306,499 
187,706 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
362,043 
218,773 
Obligations under finance leases and hire purchase contracts
31,702 
- 
Other creditors
30,000 
30,000 
Taxes and social security
- 
31,725 
423,745 
280,498 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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