Jones Brothers Birkenhead Ltd 07730562 false 2022-09-01 2023-08-31 2023-08-31 The principal activity of the company is Property rental Digita Accounts Production Advanced 6.30.9574.0 true true 07730562 2022-09-01 2023-08-31 07730562 2023-08-31 07730562 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-08-31 07730562 core:CurrentFinancialInstruments 2023-08-31 07730562 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 07730562 core:OfficeEquipment 2023-08-31 07730562 bus:SmallEntities 2022-09-01 2023-08-31 07730562 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 07730562 bus:FullAccounts 2022-09-01 2023-08-31 07730562 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 07730562 bus:RegisteredOffice 2022-09-01 2023-08-31 07730562 bus:Director1 2022-09-01 2023-08-31 07730562 bus:Director2 2022-09-01 2023-08-31 07730562 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-09-01 2023-08-31 07730562 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 07730562 bus:Agent1 2022-09-01 2023-08-31 07730562 core:FurnitureFittingsToolsEquipment 2022-09-01 2023-08-31 07730562 countries:EnglandWales 2022-09-01 2023-08-31 07730562 2022-08-31 07730562 core:OfficeEquipment 2022-08-31 07730562 2021-09-01 2022-08-31 07730562 2022-08-31 07730562 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-08-31 07730562 core:CurrentFinancialInstruments 2022-08-31 07730562 core:CurrentFinancialInstruments core:WithinOneYear 2022-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07730562

Jones Brothers Birkenhead Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2023

 

Jones Brothers Birkenhead Ltd

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account and Statement of Retained Earnings

4

Balance Sheet

5

Notes to the Unaudited Financial Statements

6 to 9

Detailed Profit and Loss Account

10 to 11

 

Jones Brothers Birkenhead Ltd

Company Information

Directors

Mr J M N Jones

Mr S W Jones

Registered office

Apartment 10
Roklis Grange
Tannery Lane
Neston
Cheshire
CH64 9XG

Accountants

Phillip Bates and Co Limited
1 - 3 Chester Road
Neston
Cheshire
CH64 9PA

 

Jones Brothers Birkenhead Ltd

Directors' Report for the Year Ended 31 August 2023

The directors present their report and the financial statements for the year ended 31 August 2023.

Directors of the company

The directors who held office during the year were as follows:

Mr J M N Jones

Mr S W Jones

Principal activity

The principal activity of the company is Property rental

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 29 July 2024 and signed on its behalf by:
 

.........................................
Mr J M N Jones
Director

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Jones Brothers Birkenhead Ltd
for the Year Ended 31 August 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Jones Brothers Birkenhead Ltd for the year ended 31 August 2023 as set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Jones Brothers Birkenhead Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Jones Brothers Birkenhead Ltd and state those matters that we have agreed to state to the Board of Directors of Jones Brothers Birkenhead Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jones Brothers Birkenhead Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Jones Brothers Birkenhead Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Jones Brothers Birkenhead Ltd. You consider that Jones Brothers Birkenhead Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Jones Brothers Birkenhead Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Phillip Bates and Co Limited
1 - 3 Chester Road
Neston
Cheshire
CH64 9PA

31 July 2024

 

Jones Brothers Birkenhead Ltd

Profit and Loss Account and Statement of Retained Earnings for the Year Ended 31 August 2023

Note

2023
£

2022
£

Turnover

 

33,000

45,000

Administrative expenses

 

(42,743)

(39,550)

Operating (loss)/profit

 

(9,743)

5,450

Other interest receivable and similar income

 

37

11

Interest payable and similar charges

 

-

(102)

 

37

(91)

(Loss)/profit before tax

(9,706)

5,359

(Loss)/profit for the financial year

 

(9,706)

5,359

Retained earnings brought forward

 

22,800

17,441

Retained earnings carried forward

 

13,094

22,800

 

Jones Brothers Birkenhead Ltd

(Registration number: 07730562)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Current assets

 

Debtors

5

27,415

8,820

Cash at bank and in hand

 

11,080

36,148

 

38,495

44,968

Creditors: Amounts falling due within one year

6

(25,301)

(22,068)

Net assets

 

13,194

22,900

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

13,094

22,800

Shareholders' funds

 

13,194

22,900

For the financial year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 29 July 2024 and signed on its behalf by:
 

.........................................
Mr J M N Jones
Director

 

Jones Brothers Birkenhead Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Apartment 10
Roklis Grange
Tannery Lane
Neston
Cheshire
CH64 9XG
United Kingdom

These financial statements were authorised for issue by the Board on 29 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Jones Brothers Birkenhead Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

 

Jones Brothers Birkenhead Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 September 2022

409

409

At 31 August 2023

409

409

Depreciation

At 1 September 2022

409

409

At 31 August 2023

409

409

Carrying amount

At 31 August 2023

-

-

5

Debtors

Current

2023
£

2022
£

Trade debtors

5,500

8,820

Prepayments

11,630

-

Other debtors

10,285

-

 

27,415

8,820

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

2,257

1,464

Accruals and deferred income

3,320

760

Other creditors

19,724

19,844

25,301

22,068

 

Jones Brothers Birkenhead Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         
 

Jones Brothers Birkenhead Ltd

Detailed Profit and Loss Account for the Year Ended 31 August 2023

2023
 £

2022
 £

Turnover (analysed below)

33,000

45,000

Gross profit (%)

100%

100%

Administrative expenses

Employment costs (analysed below)

(32,448)

(32,448)

Establishment costs (analysed below)

(2,559)

(5,479)

General administrative expenses (analysed below)

(7,527)

(1,357)

Finance charges (analysed below)

(209)

(266)

(42,743)

(39,550)

Operating (loss)/profit

(9,743)

5,450

Other interest receivable and similar income (analysed below)

37

11

Interest payable and similar charges (analysed below)

-

(102)

37

(91)

(Loss)/profit before tax

(9,706)

5,359

 

Jones Brothers Birkenhead Ltd

Detailed Profit and Loss Account for the Year Ended 31 August 2023

2023
£

2022
£

   

Turnover

Sale of goods, UK

33,000

45,000

   

Employment costs

Wages and salaries (excluding directors)

(24,600)

(24,600)

Directors remuneration

(7,200)

(7,200)

Staff pensions (Defined contribution)

(648)

(648)

(32,448)

(32,448)

   

Establishment costs

Water rates

-

(122)

Light, heat and power

289

(2,525)

Insurance

(2,848)

(2,832)

(2,559)

(5,479)

   

General administrative expenses

Printing, postage and stationery

(177)

(197)

Trade subscriptions

-

(40)

Sundry expenses

(168)

-

Accountancy fees

(4,762)

(1,120)

Bad debts written off

(2,420)

-

(7,527)

(1,357)

   

Finance charges

Bank charges

(209)

(266)

   

Other interest receivable and similar income

Bank interest receivable

37

11

   

Interest payable and similar expenses

Other interest payable

-

(102)