Jones Drainage & Groundworks Ltd 11706986 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is construction of drainage and groundworks. Digita Accounts Production Advanced 6.30.9574.0 true 11706986 2022-12-01 2023-11-30 11706986 2023-11-30 11706986 bus:Director1 1 2023-11-30 11706986 bus:Director2 1 2023-11-30 11706986 bus:Director3 1 2023-11-30 11706986 bus:Director4 1 2023-11-30 11706986 bus:OrdinaryShareClass1 2023-11-30 11706986 core:CurrentFinancialInstruments 2023-11-30 11706986 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 11706986 core:FurnitureFittingsToolsEquipment 2023-11-30 11706986 bus:SmallEntities 2022-12-01 2023-11-30 11706986 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 11706986 bus:FullAccounts 2022-12-01 2023-11-30 11706986 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 11706986 bus:RegisteredOffice 2022-12-01 2023-11-30 11706986 bus:Director1 2022-12-01 2023-11-30 11706986 bus:Director1 1 2022-12-01 2023-11-30 11706986 bus:Director2 2022-12-01 2023-11-30 11706986 bus:Director2 1 2022-12-01 2023-11-30 11706986 bus:Director3 2022-12-01 2023-11-30 11706986 bus:Director3 1 2022-12-01 2023-11-30 11706986 bus:Director4 2022-12-01 2023-11-30 11706986 bus:Director4 1 2022-12-01 2023-11-30 11706986 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 11706986 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11706986 core:FurnitureFittingsToolsEquipment 2022-12-01 2023-11-30 11706986 core:OfficeEquipment 2022-12-01 2023-11-30 11706986 countries:England 2022-12-01 2023-11-30 11706986 2022-11-30 11706986 bus:Director1 1 2022-11-30 11706986 bus:Director2 1 2022-11-30 11706986 bus:Director3 1 2022-11-30 11706986 bus:Director4 1 2022-11-30 11706986 core:FurnitureFittingsToolsEquipment 2022-11-30 11706986 2021-12-01 2022-11-30 11706986 2022-11-30 11706986 bus:Director1 1 2022-11-30 11706986 bus:Director2 1 2022-11-30 11706986 bus:Director3 1 2022-11-30 11706986 bus:Director4 1 2022-11-30 11706986 bus:OrdinaryShareClass1 2022-11-30 11706986 core:CurrentFinancialInstruments 2022-11-30 11706986 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 11706986 core:FurnitureFittingsToolsEquipment 2022-11-30 11706986 bus:Director1 1 2021-12-01 2022-11-30 11706986 bus:Director2 1 2021-12-01 2022-11-30 11706986 bus:Director3 1 2021-12-01 2022-11-30 11706986 bus:Director4 1 2021-12-01 2022-11-30 11706986 bus:Director1 1 2021-11-30 11706986 bus:Director2 1 2021-11-30 11706986 bus:Director3 1 2021-11-30 11706986 bus:Director4 1 2021-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11706986

Jones Drainage & Groundworks Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2023

 

Jones Drainage & Groundworks Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Jones Drainage & Groundworks Ltd

Company Information

Directors

Mr R Jones

Mrs S Jones

Mr S Jones

Mrs K Jones

Registered office

Rosemaber Farm
Breage
Helston
Cornwall
TR13 9NE

Accountants

D.J. Reynolds & Co
15 Alverton Street
Penzance
Cornwall
TR18 2QP

 

Jones Drainage & Groundworks Ltd

(Registration number: 11706986)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,503

1,768

Current assets

 

Debtors

5

32,786

-

Cash at bank and in hand

 

8,645

65,735

 

41,431

65,735

Creditors: Amounts falling due within one year

6

(14,878)

(25,119)

Net current assets

 

26,553

40,616

Total assets less current liabilities

 

28,056

42,384

Provisions for liabilities

(286)

(336)

Net assets

 

27,770

42,048

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

27,670

41,948

Shareholders' funds

 

27,770

42,048

For the financial year ending 30 November 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

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

.........................................
Mrs S Jones
Director

 

Jones Drainage & Groundworks Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

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

The address of its registered office is:
Rosemaber Farm
Breage
Helston
Cornwall
TR13 9NE

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

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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Jones Drainage & Groundworks Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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.

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

Office equipment

15% Reducing balance

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 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.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2022 - 4).

 

Jones Drainage & Groundworks Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 December 2022

2,447

2,447

At 30 November 2023

2,447

2,447

Depreciation

At 1 December 2022

679

679

Charge for the year

265

265

At 30 November 2023

944

944

Carrying amount

At 30 November 2023

1,503

1,503

At 30 November 2022

1,768

1,768

5

Debtors

Current

2023
£

2022
£

Trade debtors

28,432

-

Other debtors

4,354

-

 

32,786

-

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

1,342

-

Taxation and social security

4,016

15,534

Accruals and deferred income

1,235

1,300

Other creditors

8,285

8,285

14,878

25,119

 

Jones Drainage & Groundworks Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         

8

Related party transactions

Transactions with directors

2023

At 1 December 2022
£

At 30 November 2023
£

Mr R Jones

Director's loan account

(1,719)

(1,719)

     
   

Mrs S Jones

Director's loan account

(1,372)

(1,372)

     
   

Mr S Jones

Director's loan account

(1,219)

(1,219)

     
   

Mrs K Jones

Director's loan account

(3,975)

(3,975)

     
   

 

2022

At 1 December 2021
£

At 30 November 2022
£

Mr R Jones

Director's loan account

(1,719)

(1,719)

     
   

Mrs S Jones

Director's loan account

(1,372)

(1,372)

     
   

Mr S Jones

Director's loan account

(1,219)

(1,219)

     
   

Mrs K Jones

Director's loan account

(3,975)

(3,975)