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REGISTERED NUMBER: 02837405 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2023

for

JONES PLUMBING SUPPLIES (CROYDON)
LIMITED

JONES PLUMBING SUPPLIES (CROYDON)
LIMITED (REGISTERED NUMBER: 02837405)

Contents of the Financial Statements
for the year ended 31 August 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 8

JONES PLUMBING SUPPLIES (CROYDON)
LIMITED

Company Information
for the year ended 31 August 2023







Director: S M Potter





Registered office: 407-413 Sydenham Road
Croydon
Surrey
CR0 2EH





Registered number: 02837405 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY

JONES PLUMBING SUPPLIES (CROYDON)
LIMITED (REGISTERED NUMBER: 02837405)

Balance Sheet
31 August 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 20,938 27,221

Current assets
Stocks 84,256 89,183
Debtors 5 20,264 16,829
Cash at bank and in hand 145,406 112,042
249,926 218,054
Creditors
Amounts falling due within one year 6 176,233 176,792
Net current assets 73,693 41,262
Total assets less current liabilities 94,631 68,483

Provisions for liabilities 8 5,235 -
Net assets 89,396 68,483

Capital and reserves
Called up share capital 9 100 100
Retained earnings 10 89,296 68,383
Shareholders' funds 89,396 68,483

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

JONES PLUMBING SUPPLIES (CROYDON)
LIMITED (REGISTERED NUMBER: 02837405)

Balance Sheet - continued
31 August 2023


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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 August 2024 and were signed by:





S M Potter - Director


JONES PLUMBING SUPPLIES (CROYDON)
LIMITED (REGISTERED NUMBER: 02837405)

Notes to the Financial Statements
for the year ended 31 August 2023


1. Statutory information

Jones Plumbing Supplies (Croydon) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance and Straight line over 3 years
Motor vehicles - 20% 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.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

JONES PLUMBING SUPPLIES (CROYDON)
LIMITED (REGISTERED NUMBER: 02837405)

Notes to the Financial Statements - continued
for the year ended 31 August 2023


2. Accounting policies - continued

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

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 6 (2022 - 6 ) .

4. Tangible fixed assets
Fixtures
Long and Motor
leasehold fittings vehicles Totals
£ £ £ £
Cost
At 1 September 2022
and 31 August 2023 7,600 19,037 42,694 69,331
Depreciation
At 1 September 2022 7,600 17,800 16,710 42,110
Charge for year - 1,086 5,197 6,283
At 31 August 2023 7,600 18,886 21,907 48,393
Net book value
At 31 August 2023 - 151 20,787 20,938
At 31 August 2022 - 1,237 25,984 27,221

5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 16,558 13,922
Prepayments and accrued income 3,706 2,907
20,264 16,829

JONES PLUMBING SUPPLIES (CROYDON)
LIMITED (REGISTERED NUMBER: 02837405)

Notes to the Financial Statements - continued
for the year ended 31 August 2023


6. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 108,452 113,389
Tax 10,702 2,104
Social security and other taxes 1,443 1,179
Pension account - (330 )
VAT 13,166 17,980
Directors' current accounts 39,370 39,370
Accruals and deferred income 3,100 3,100
176,233 176,792

7. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£ £
Within one year 31,200 -
Between one and five years 124,800 -
In more than five years 135,200 -
291,200 -

8. Provisions for liabilities
2023 2022
£ £
Deferred tax 5,235 -

Deferred tax
£
Provided during year 5,235
Balance at 31 August 2023 5,235

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary £1 100 100

JONES PLUMBING SUPPLIES (CROYDON)
LIMITED (REGISTERED NUMBER: 02837405)

Notes to the Financial Statements - continued
for the year ended 31 August 2023


10. Reserves
Retained
earnings
£

At 1 September 2022 68,383
Profit for the year 32,913
Dividends (12,000 )
At 31 August 2023 89,296

Accountants' Report to the Director
on the Unaudited Financial Statements of
Jones Plumbing Supplies (Croydon)
Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Profit and loss and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Jones Plumbing Supplies (Croydon) Limited for the year ended 31 August 2023 which comprise the Profit and loss account, Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Jones Plumbing Supplies (Croydon) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Jones Plumbing Supplies (Croydon) Limited and state those matters that we have agreed to state to the director of Jones Plumbing Supplies (Croydon) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jones Plumbing Supplies (Croydon) Limited and its director for our work or for this report.

It is your duty to ensure that Jones Plumbing Supplies (Croydon) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Jones Plumbing Supplies (Croydon) Limited. You consider that Jones Plumbing Supplies (Croydon) Limited 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 financial statements of Jones Plumbing Supplies (Croydon) Limited. 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 financial statements.






Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY


23 August 2024