Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 08409933 Mrs Anja Jones Mr Mark Jones iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08409933 2023-03-31 08409933 2024-03-31 08409933 2023-04-01 2024-03-31 08409933 frs-core:CurrentFinancialInstruments 2024-03-31 08409933 frs-core:ComputerEquipment 2024-03-31 08409933 frs-core:ComputerEquipment 2023-04-01 2024-03-31 08409933 frs-core:ComputerEquipment 2023-03-31 08409933 frs-core:FurnitureFittings 2024-03-31 08409933 frs-core:FurnitureFittings 2023-04-01 2024-03-31 08409933 frs-core:FurnitureFittings 2023-03-31 08409933 frs-core:ShareCapital 2024-03-31 08409933 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08409933 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08409933 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08409933 frs-bus:SmallEntities 2023-04-01 2024-03-31 08409933 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08409933 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08409933 frs-bus:Director1 2023-04-01 2024-03-31 08409933 frs-bus:Director2 2023-04-01 2024-03-31 08409933 frs-countries:EnglandWales 2023-04-01 2024-03-31 08409933 2022-03-31 08409933 2023-03-31 08409933 2022-04-01 2023-03-31 08409933 frs-core:CurrentFinancialInstruments 2023-03-31 08409933 frs-core:ShareCapital 2023-03-31 08409933 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 08409933
Jones Enterprises Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Whyfield Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08409933
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,591 4,541
6,591 4,541
CURRENT ASSETS
Debtors 5 167,259 277,391
Cash at bank and in hand 254,850 257,346
422,109 534,737
Creditors: Amounts Falling Due Within One Year 6 (122,924 ) (199,125 )
NET CURRENT ASSETS (LIABILITIES) 299,185 335,612
TOTAL ASSETS LESS CURRENT LIABILITIES 305,776 340,153
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,348 ) -
NET ASSETS 304,428 340,153
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 304,328 340,053
SHAREHOLDERS' FUNDS 304,428 340,153
Page 1
Page 2
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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Anja Jones
Director
02/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Jones Enterprises Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08409933 . The registered office is Building A Truro Business Park, Threemilestone, Truro, Cornwall, TR4 9LF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% RB
Computer Equipment 33% SL
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 19)
13 19
Page 3
Page 4
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 4,141 33,665 37,806
Additions - 5,040 5,040
As at 31 March 2024 4,141 38,705 42,846
Depreciation
As at 1 April 2023 3,390 29,875 33,265
Provided during the period 188 2,802 2,990
As at 31 March 2024 3,578 32,677 36,255
Net Book Value
As at 31 March 2024 563 6,028 6,591
As at 1 April 2023 751 3,790 4,541
5. Debtors
2024 2023
as restated
£ £
Due within one year
Trade debtors 164,124 273,251
Prepayments and accrued income 3,135 4,140
167,259 277,391
6. Creditors: Amounts Falling Due Within One Year
2024 2023
as restated
£ £
Trade creditors 104,236 173,730
Other taxes and social security 24 1,503
VAT 12,278 22,124
Accruals and deferred income 4,344 -
Directors' loan accounts 2,042 1,768
122,924 199,125
7. Share Capital
2024 2023
as restated
£ £
Allotted, Called up and fully paid 100 100
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