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REGISTERED NUMBER: 04590988 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Simon Jones Associates Limited

Simon Jones Associates Limited (Registered number: 04590988)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Simon Jones Associates Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S Jones
F Spooner
C Jones





SECRETARY: C Jones





REGISTERED OFFICE: The Old Post Office
Dorking Road
Tadworth
Surrey
KT20 5SA





REGISTERED NUMBER: 04590988 (England and Wales)





ACCOUNTANTS: Ascendant Partners Limited
Second Floor
Curzon House
24 High Street
Banstead
Surrey
SM7 2LJ

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Simon Jones Associates Limited

The following reproduces the text of the report prepared for the directors 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors 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 Simon Jones Associates Limited for the year ended 31 December 2023 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity 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 Board of Directors of Simon Jones Associates Limited, as a body, in accordance with the terms of our engagement letter dated 22 August 2017. Our work has been undertaken solely to prepare for your approval the financial statements of Simon Jones Associates Limited and state those matters that we have agreed to state to the Board of Directors of Simon Jones Associates Limited, as a body, 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 Simon Jones Associates Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Simon Jones Associates 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 Simon Jones Associates Limited. You consider that Simon Jones Associates 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 Simon Jones Associates 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.






Ascendant Partners Limited
Second Floor
Curzon House
24 High Street
Banstead
Surrey
SM7 2LJ


8 August 2024

Simon Jones Associates Limited (Registered number: 04590988)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 12,899 9,118
12,899 9,118

CURRENT ASSETS
Debtors 5 206,071 168,316
Cash at bank 83,471 93,366
289,542 261,682
CREDITORS
Amounts falling due within one year 6 143,893 109,308
NET CURRENT ASSETS 145,649 152,374
TOTAL ASSETS LESS CURRENT
LIABILITIES

158,548

161,492

PROVISIONS FOR LIABILITIES 7 2,170 1,389
NET ASSETS 156,378 160,103

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 11,880 11,880
Retained earnings 143,498 147,223
156,378 160,103

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

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

Simon Jones Associates Limited (Registered number: 04590988)

Statement of Financial Position - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2024 and were signed on its behalf by:





S Jones - Director


Simon Jones Associates Limited (Registered number: 04590988)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Simon Jones Associates 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.

Going concern
The preparation of the financial statements requires the directors to make an assessment of the entity's ability to continue as a going concern. The directors have reviewed this and consider it appropriate to prepare the financial statements on a going concern basis.

Revenue
Revenue represents net invoiced sales of services, excluding value added tax. Revenue is recognised once the service has been supplied or after each stage of a contract has been completed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 20% per annum on cost
Computer equipment - 20% per annum on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Simon Jones Associates Limited (Registered number: 04590988)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution scheme for its directors and certain employees. In addition the company contributes to personal pension plans and a stakeholder scheme for employees. The assets of the scheme are held separately from those of the company in independently administered funds. The amount charged to the profit and loss account in respect of pension costs and other post-retirement benefits represents contributions payable by the company to the schemes.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 15,539 28,700 44,239
Additions 454 7,981 8,435
At 31 December 2023 15,993 36,681 52,674
DEPRECIATION
At 1 January 2023 14,832 20,289 35,121
Charge for year 289 4,365 4,654
At 31 December 2023 15,121 24,654 39,775
NET BOOK VALUE
At 31 December 2023 872 12,027 12,899
At 31 December 2022 707 8,411 9,118

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 182,764 164,141
Amounts owed by related company 10,000 -
Prepayments 13,307 4,175
206,071 168,316

Simon Jones Associates Limited (Registered number: 04590988)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 45,391 12,495
Corporation tax 35,119 35,037
Social security and other taxes 57,854 58,434
Other creditors 1,279 1,353
Directors' current accounts - 489
Accruals and deferred income 4,250 1,500
143,893 109,308

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 2,170 1,389

Deferred
tax
£   
Balance at 1 January 2023 1,389
Charge to Income Statement during year 781
Balance at 31 December 2023 2,170

8. RELATED PARTY DISCLOSURES

The company is a subsidiary of SJA Rentals Limited. Mr S Jones and Mrs C Jones, who are directors of the company are also directors of SJA Rentals Limited,

The company is also owned by Ealdwode Limited. Mr F Spooner, who is a director of the company, is also a director and shareholder of Ealdwode Limited.

During the year the company paid dividends of £83,300 (2022: £125,580) to SJA Rentals Limited and £21,424 (2022: £Nil) to Ealdwode Limited. The company also paid management charges of £36,500 (2022: £39,000) to SJA Rentals Limited.

At the balance sheet date, the amount owed from SJA Rentals Limited was £10,000 (2022: £Nil).

During the year, total dividends of £13,088 (2022: £25,760) were paid to the directors.

9. ULTIMATE CONTROLLING PARTY

The controlling party is S Jones.