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REGISTERED NUMBER: 00512570 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 October 2023

for

R L Jones & Sons Limited

R L Jones & Sons Limited (Registered number: 00512570)






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


R L Jones & Sons Limited

Company Information
for the Year Ended 31 October 2023







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





SECRETARY: G R Jones





REGISTERED OFFICE: Richmond Farm
Wiveliscombe
TAUNTON
Somerset
TA4 2AE





REGISTERED NUMBER: 00512570 (England and Wales)





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

R L Jones & Sons Limited (Registered number: 00512570)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 389,765 406,939

CURRENT ASSETS
Stocks 153,145 148,460
Debtors 5 55,696 64,512
Cash at bank 316 498
209,157 213,470
CREDITORS
Amounts falling due within one year 6 351,177 350,366
NET CURRENT LIABILITIES (142,020 ) (136,896 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

247,745

270,043

CREDITORS
Amounts falling due after more than one
year

7

(395,065

)

(411,073

)

PROVISIONS FOR LIABILITIES (12,089 ) (12,089 )
NET LIABILITIES (159,409 ) (153,119 )

CAPITAL AND RESERVES
Called up share capital 7,000 7,000
Retained earnings (166,409 ) (160,119 )
SHAREHOLDERS' FUNDS (159,409 ) (153,119 )

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


R L Jones & Sons Limited (Registered number: 00512570)

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

1. STATUTORY INFORMATION

R L Jones & Sons 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property - 10% on reducing balance
Buildings - 10% on reducing balance
Improvements to property - 4% on cost
Plant and machinery - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

R L Jones & Sons Limited (Registered number: 00512570)

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

4. TANGIBLE FIXED ASSETS
Freehold Leasehold
property property Buildings
£    £    £   
COST
At 1 November 2022 225,919 41,932 14,922
Additions - - -
At 31 October 2023 225,919 41,932 14,922
DEPRECIATION
At 1 November 2022 82,231 41,472 14,218
Charge for year - 46 70
At 31 October 2023 82,231 41,518 14,288
NET BOOK VALUE
At 31 October 2023 143,688 414 634
At 31 October 2022 143,688 460 704

Improvements
to Plant and
property machinery Totals
£    £    £   
COST
At 1 November 2022 476,426 381,925 1,141,124
Additions - 7,474 7,474
At 31 October 2023 476,426 389,399 1,148,598
DEPRECIATION
At 1 November 2022 251,161 345,103 734,185
Charge for year 14,409 10,123 24,648
At 31 October 2023 265,570 355,226 758,833
NET BOOK VALUE
At 31 October 2023 210,856 34,173 389,765
At 31 October 2022 225,265 36,822 406,939

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 39,251 36,834
Other debtors 16,445 27,678
55,696 64,512

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 88,179 107,290
Hire purchase contracts 20,233 29,355
Trade creditors 34,042 38,160
Taxation and social security 2,459 -
Other creditors 206,264 175,561
351,177 350,366

R L Jones & Sons Limited (Registered number: 00512570)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 65,610 84,747
Hire purchase contracts 16,350 583
Other creditors 313,105 325,743
395,065 411,073