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REGISTERED NUMBER: 00626988 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

INIGO JONES AND CO. LIMITED

INIGO JONES AND CO. LIMITED (REGISTERED NUMBER: 00626988)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


INIGO JONES AND CO. LIMITED (REGISTERED NUMBER: 00626988)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 271,320 256,773

CURRENT ASSETS
Stocks 30,513 36,212
Debtors 5 12,020 10,048
Cash at bank and in hand 81,608 98,829
124,141 145,089
CREDITORS
Amounts falling due within one year 6 70,508 89,980
NET CURRENT ASSETS 53,633 55,109
TOTAL ASSETS LESS CURRENT
LIABILITIES

324,953

311,882

CREDITORS
Amounts falling due after more than one
year

7

(33,441

)

(26,874

)

PROVISIONS FOR LIABILITIES (5,657 ) (5,691 )
NET ASSETS 285,855 279,317

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 283,855 277,317
285,855 279,317

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

INIGO JONES AND CO. LIMITED (REGISTERED NUMBER: 00626988)

BALANCE SHEET - continued
31 MAY 2024


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 Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by:





Mr J F Lloyd - Director


INIGO JONES AND CO. LIMITED (REGISTERED NUMBER: 00626988)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Inigo Jones and Co. Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00626988

Registered office: Tudor Slate Works
Y Groeslon
Caernarfon
Gwynedd
LL54 7UE

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.

Turnover
Turnover represents net invoiced sales 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.
Land and buildings - 1% on reducing balance
Plant and machinery etc - 25% on reducing balance

Freehold property is reviewed annually for impairment.

Government grants
Grants relating to capital expenditure are released to the income and expenditure account when the performance conditions of the grants have been met.

Grants relating to revenue expenditure are released to the income and expenditure account when the performance conditions of the grants have been met

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 Profit and Loss Account, 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.


INIGO JONES AND CO. LIMITED (REGISTERED NUMBER: 00626988)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


2. ACCOUNTING POLICIES - continued
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.

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 7 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 229,112 243,920 473,032
Additions - 32,405 32,405
At 31 May 2024 229,112 276,325 505,437
DEPRECIATION
At 1 June 2023 2,291 213,968 216,259
Charge for year 2,268 15,590 17,858
At 31 May 2024 4,559 229,558 234,117
NET BOOK VALUE
At 31 May 2024 224,553 46,767 271,320
At 31 May 2023 226,821 29,952 256,773

INIGO JONES AND CO. LIMITED (REGISTERED NUMBER: 00626988)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,517 1,723
Other debtors 10,503 8,325
12,020 10,048

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 15,884 16,200
Trade creditors 15,542 17,900
Taxation and social security 13,671 15,111
Other creditors 25,411 40,769
70,508 89,980

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,757 26,874
Other creditors 22,684 -
33,441 26,874

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 5,884 12,326

Bank loans are secured by a charge over the freehold property and other assets of the company.