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REGISTERED NUMBER: 01270826 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Jones Automobile Engineers
(Wiveliscombe) Limited

Jones Automobile Engineers
(Wiveliscombe) Limited (Registered number: 01270826)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Jones Automobile Engineers
(Wiveliscombe) Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: P F Jones
G R Jones
I N Jones
Mrs J Jones



SECRETARY: P F Jones



REGISTERED OFFICE: 17 West Street
Wiveliscombe
Taunton
Somerset
TA4 2JR



REGISTERED NUMBER: 01270826 (England and Wales)



ACCOUNTANTS: A C Mole LLP
Chartered Accountants
Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX



BANKERS: National Westminster Bank Plc
49 North Street
Taunton
Somerset
TA1 1NB

Jones Automobile Engineers
(Wiveliscombe) Limited (Registered number: 01270826)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,689 23,182

CURRENT ASSETS
Stocks 84,595 77,285
Debtors 5 48,142 34,421
Cash at bank and in hand 259,526 173,006
392,263 284,712
CREDITORS
Amounts falling due within one year 6 112,924 64,442
NET CURRENT ASSETS 279,339 220,270
TOTAL ASSETS LESS CURRENT
LIABILITIES

301,028

243,452

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 300,928 243,352
SHAREHOLDERS' FUNDS 301,028 243,452

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

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:





G R Jones - Director


Jones Automobile Engineers
(Wiveliscombe) Limited (Registered number: 01270826)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Jones Automobile Engineers (Wiveliscombe) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sale of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 15% on reducing balance and 10% on cost

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Stock
Stock has been valued at the lower of cost and net realisable value. Cost represents purchase price, whilst net realisable value comprises estimated selling price less any costs incurred in selling.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 72,755
Additions 338
At 31 October 2023 73,093
DEPRECIATION
At 1 November 2022 49,573
Charge for year 1,831
At 31 October 2023 51,404
NET BOOK VALUE
At 31 October 2023 21,689
At 31 October 2022 23,182

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 22,520 34,421
Other debtors 25,622 -
48,142 34,421

Jones Automobile Engineers
(Wiveliscombe) Limited (Registered number: 01270826)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 66,809 17,904
Taxation and social security 40,876 25,519
Other creditors 5,239 21,019
112,924 64,442