3 01/04/2023 31/03/2024 2024-03-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-04-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 06800728 2023-04-01 2024-03-31 06800728 2024-03-31 06800728 2023-03-31 06800728 2022-04-01 2023-03-31 06800728 2023-03-31 06800728 2022-03-31 06800728 core:LandBuildings core:LongLeaseholdAssets 2023-04-01 2024-03-31 06800728 core:PlantMachinery 2023-04-01 2024-03-31 06800728 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 06800728 bus:RegisteredOffice 2023-04-01 2024-03-31 06800728 bus:LeadAgentIfApplicable 2023-04-01 2024-03-31 06800728 bus:Director1 2023-04-01 2024-03-31 06800728 core:LandBuildings core:LongLeaseholdAssets 2023-03-31 06800728 core:PlantMachinery 2023-03-31 06800728 core:FurnitureFittingsToolsEquipment 2023-03-31 06800728 core:LandBuildings core:LongLeaseholdAssets 2024-03-31 06800728 core:PlantMachinery 2024-03-31 06800728 core:FurnitureFittingsToolsEquipment 2024-03-31 06800728 core:WithinOneYear 2024-03-31 06800728 core:WithinOneYear 2023-03-31 06800728 core:AfterOneYear 2024-03-31 06800728 core:AfterOneYear 2023-03-31 06800728 core:ShareCapital 2024-03-31 06800728 core:ShareCapital 2023-03-31 06800728 core:RetainedEarningsAccumulatedLosses 2024-03-31 06800728 core:RetainedEarningsAccumulatedLosses 2023-03-31 06800728 core:LandBuildings core:LongLeaseholdAssets 2023-03-31 06800728 core:PlantMachinery 2023-03-31 06800728 core:FurnitureFittingsToolsEquipment 2023-03-31 06800728 bus:SmallEntities 2023-04-01 2024-03-31 06800728 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06800728 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06800728 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06800728 bus:FullAccounts 2023-04-01 2024-03-31
Company registration number: 06800728
David Jones Training Ltd
Unaudited filleted financial statements
31 March 2024
David Jones Training Ltd
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
David Jones Training Ltd
Directors and other information
Director Mr David Jones
Company number 06800728
Registered office Bangor Business Centre
2 Farrar Road
Bangor
Gwynedd
LL57 1LJ
Business address Fron Farm
Groes Road
Colwyn Bay
Conwy
LL29 8YN
Accountants Parker, O'Regan, Tann & Co
Bangor Business Centre
2 Farrar Road
Bangor
Gwynedd
LL57 1LJ
David Jones Training Ltd
Chartered Certified accountants report to the director on the preparation of the
unaudited statutory financial statements of David Jones Training Ltd
Year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of David Jones Training Ltd for the year ended 31 March 2024 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com.
This report is made solely to the director of David Jones Training 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 financial statements of David Jones Training Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than David Jones Training Ltd and its director as a body for our work or for this report.
It is your duty to ensure that David Jones Training Ltd 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 David Jones Training Ltd. You consider that David Jones Training 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 financial statements of David Jones Training 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 financial statements.
Parker, O'Regan, Tann & Co
Chartered Certified Accountants
Bangor Business Centre
2 Farrar Road
Bangor
Gwynedd
LL57 1LJ
19 August 2024
David Jones Training Ltd
Statement of financial position
31 March 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 9,352 11,852
_______ _______
9,352 11,852
Current assets
Stocks 633 482
Debtors 6 47,097 47,149
Cash at bank and in hand 17,818 18,548
_______ _______
65,548 66,179
Creditors: amounts falling due
within one year 7 ( 23,259) ( 30,757)
_______ _______
Net current assets 42,289 35,422
_______ _______
Total assets less current liabilities 51,641 47,274
Creditors: amounts falling due
after more than one year 8 ( 20,000) ( 30,000)
Provisions for liabilities ( 848) ( 1,014)
_______ _______
Net assets 30,793 16,260
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account 30,792 16,259
_______ _______
Shareholder funds 30,793 16,260
_______ _______
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 19 August 2024 , and are signed on behalf of the board by:
Mr David Jones
Director
Company registration number: 06800728
David Jones Training Ltd
Notes to the financial statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bangor Business Centre, 2 Farrar Road, Bangor, Gwynedd, LL57 1LJ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover represents the provision of heavy plant training. Turnover excludes value added tax and is net of trade discounts.Turnover from training services is recognised as performed.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Long leasehold property - 10 % straight line
Plant and machinery - 25 % straight line
Fittings fixtures and equipment - 20 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 3 ).
5. Tangible assets
Long leasehold property Plant and machinery Fixtures, fittings and equipment Total
£ £ £ £
Cost
At 1 April 2023 16,306 100,705 9,754 126,765
Additions - 1,082 737 1,819
Disposals - ( 449) - ( 449)
_______ _______ _______ _______
At 31 March 2024 16,306 101,338 10,491 128,135
_______ _______ _______ _______
Depreciation
At 1 April 2023 9,785 97,657 7,471 114,913
Charge for the year 1,631 1,574 1,113 4,318
Disposals - ( 448) - ( 448)
_______ _______ _______ _______
At 31 March 2024 11,416 98,783 8,584 118,783
_______ _______ _______ _______
Carrying amount
At 31 March 2024 4,890 2,555 1,907 9,352
_______ _______ _______ _______
At 31 March 2023 6,521 3,048 2,283 11,852
_______ _______ _______ _______
6. Debtors
2024 2023
£ £
Trade debtors 42,656 43,829
Other debtors 4,441 3,320
_______ _______
47,097 47,149
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 3,394 7,435
Corporation tax 4,191 1,983
Social security and other taxes 11,895 8,800
Other creditors 3,779 12,539
_______ _______
23,259 30,757
_______ _______
8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Other creditors 20,000 30,000
_______ _______