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REGISTERED NUMBER: 05307819 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

BRIN JONES LIMITED

BRIN JONES LIMITED (REGISTERED NUMBER: 05307819)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRIN JONES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: M Jones





REGISTERED OFFICE: Old Bank
The Triangle
Paulton
Bristol
BS39 7LE





REGISTERED NUMBER: 05307819 (England and Wales)





ACCOUNTANTS: Peregrine
Chartered Accountants
Old Bank
The Triangle
Paulton
Bristol
BS39 7LE

BRIN JONES LIMITED (REGISTERED NUMBER: 05307819)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 25,000 50,000
Tangible assets 5 34,818 34,626
59,818 84,626

CURRENT ASSETS
Stocks 143,970 202,736
Debtors 6 71,696 158,532
Cash at bank and in hand 344,518 225,565
560,184 586,833
CREDITORS
Amounts falling due within one year 7 255,142 232,839
NET CURRENT ASSETS 305,042 353,994
TOTAL ASSETS LESS CURRENT
LIABILITIES

364,860

438,620

CREDITORS
Amounts falling due after more than one
year

8

(15,000

)

(25,000

)

PROVISIONS FOR LIABILITIES (6,615 ) (6,579 )
NET ASSETS 343,245 407,041

CAPITAL AND RESERVES
Called up share capital 418 418
Share premium 121,732 121,732
Retained earnings 221,095 284,891
SHAREHOLDERS' FUNDS 343,245 407,041

BRIN JONES LIMITED (REGISTERED NUMBER: 05307819)

BALANCE SHEET - continued
29 FEBRUARY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 31 July 2024 and were signed by:





M Jones - Director


BRIN JONES LIMITED (REGISTERED NUMBER: 05307819)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Brin Jones 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
The turnover shown in the profit and loss account represents amounts invoices during the year, exclusive of Value Added Tax.

In respect of contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of contracts for on-going services is recognised by reference to the stage of completion.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Motor Vehicles - 25% on reducing balance

Work in progress
Contracts that are less than 60% complete are included as work in progress. Work in progress is valued on the basis of direct costs. No element of profit is included in the valuation of work in progress. Profits on contracts for ongoing services are recognised only when their outcome can be forseen with reasonable certainty and when a contract is more than 60% complete. Full provision is made for any known or expected losses on contracts. Where the profit on long term contracts is recognised, the total amount is included in Debtors:- Amounts recoverable under contracts.

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.

BRIN JONES LIMITED (REGISTERED NUMBER: 05307819)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 500,000
AMORTISATION
At 1 March 2023 450,000
Amortisation for year 25,000
At 29 February 2024 475,000
NET BOOK VALUE
At 29 February 2024 25,000
At 28 February 2023 50,000

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery Vehicles Totals
£    £    £   
COST
At 1 March 2023 298,691 15,580 314,271
Additions 11,797 - 11,797
At 29 February 2024 310,488 15,580 326,068
DEPRECIATION
At 1 March 2023 264,130 15,515 279,645
Charge for year 11,589 16 11,605
At 29 February 2024 275,719 15,531 291,250
NET BOOK VALUE
At 29 February 2024 34,769 49 34,818
At 28 February 2023 34,561 65 34,626

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 71,696 158,532

BRIN JONES LIMITED (REGISTERED NUMBER: 05307819)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 180,314 131,066
Corporation Tax 4,315 27,751
Social security and other taxes 13,193 11,290
VAT 37,264 44,198
Other creditors 1,844 1,619
Accrued expenses 8,212 6,915
255,142 232,839

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,500 10,500
Bank loans - 2-5 years 4,500 14,500
15,000 25,000