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REGISTERED NUMBER: 13088669 (England and Wales)






















Garness Jones (Commercial) Limited

Unaudited Financial Statements for the Year Ended 31st March 2024






Garness Jones (Commercial) Limited (Registered number: 13088669)






Contents of the Financial Statements
for the year ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Garness Jones (Commercial) Limited

Company Information
for the year ended 31st March 2024







DIRECTORS: D C Garness
S Preston
P J White





REGISTERED OFFICE: Riverside House
11-12 Nelson Street
Hull
HU1 1XE





REGISTERED NUMBER: 13088669 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Garness Jones (Commercial) Limited (Registered number: 13088669)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,133 3,871
Investments 5 247,978 -
252,111 3,871

CURRENT ASSETS
Debtors 6 202,998 190,253
Cash at bank 330,439 407,114
533,437 597,367
CREDITORS
Amounts falling due within one year 7 276,790 192,169
NET CURRENT ASSETS 256,647 405,198
TOTAL ASSETS LESS CURRENT
LIABILITIES

508,758

409,069

CREDITORS
Amounts falling due after more than one
year

8

18,386

-
NET ASSETS 490,372 409,069

CAPITAL AND RESERVES
Called up share capital 1,053 1,053
Share premium 19,947 19,947
Retained earnings 469,372 388,069
490,372 409,069

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

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

Garness Jones (Commercial) Limited (Registered number: 13088669)

Balance Sheet - continued
31st March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st August 2024 and were signed on its behalf by:





D C Garness - Director


Garness Jones (Commercial) Limited (Registered number: 13088669)

Notes to the Financial Statements
for the year ended 31st March 2024

1. STATUTORY INFORMATION

Garness Jones (Commercial) 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.

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 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.
Plant and machinery etc - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 balance sheet date.

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.

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 14 (2023 - 13 ) .

Garness Jones (Commercial) Limited (Registered number: 13088669)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023 4,828
Additions 1,312
At 31st March 2024 6,140
DEPRECIATION
At 1st April 2023 957
Charge for year 1,050
At 31st March 2024 2,007
NET BOOK VALUE
At 31st March 2024 4,133
At 31st March 2023 3,871

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 247,978
At 31st March 2024 247,978
NET BOOK VALUE
At 31st March 2024 247,978

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 92,945 116,650
Amounts owed by group undertakings 96,237 49,902
Other debtors 13,816 23,701
202,998 190,253

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 16,169 7,210
Amounts owed to group undertakings 98,756 11,095
Taxation and social security 131,751 162,000
Other creditors 30,114 11,864
276,790 192,169

Garness Jones (Commercial) Limited (Registered number: 13088669)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 18,386 -

9. OTHER FINANCIAL COMMITMENTS

The company operates a defined contribution pension scheme for its employees. Included within other creditors are unpaid amounts due to the fund of £2,399 (2023: £1,851).

10. ULTIMATE CONTROLLING PARTY

The company's parent company is Garness Group Limited a company controlled by D C Garness. The parent company's registered office is the same as Garness Jones (Commercial) Limited.