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REGISTERED NUMBER: 09020322 (England and Wales)












MATTHEW L JONES LTD
T/A
MATTHEW L JONES FUNERAL SERVICES

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024






MATTHEW L JONES LTD (REGISTERED NUMBER: 09020322)
T/A MATTHEW L JONES FUNERAL SERVICES






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 7

MATTHEW L JONES LTD
T/A MATTHEW L JONES FUNERAL SERVICES

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: M L Jones





REGISTERED OFFICE: Waun-Y-Groes
Llysonnen Road
Carmarthen
SA31 3RP





REGISTERED NUMBER: 09020322 (England and Wales)





ACCOUNTANTS: Bevan Buckland LLP
Ground Floor Cardigan House
Castle Court
Swansea Enterprise Park
Swansea
SA7 9LA

MATTHEW L JONES LTD (REGISTERED NUMBER: 09020322)
T/A MATTHEW L JONES FUNERAL SERVICES

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,042 7,309
Tangible assets 5 1,028,722 1,067,720
1,029,764 1,075,029

CURRENT ASSETS
Debtors 6 114,873 116,576
Cash at bank 82,647 78,925
197,520 195,501
CREDITORS
Amounts falling due within one year 7 161,860 236,950
NET CURRENT ASSETS/(LIABILITIES) 35,660 (41,449 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,065,424

1,033,580

CREDITORS
Amounts falling due after more than one
year

8

(816,118

)

(818,533

)

PROVISIONS FOR LIABILITIES (149,236 ) (128,886 )
NET ASSETS 100,070 86,161

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 99,070 85,161
100,070 86,161

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 August 2024 and were signed by:



M L Jones - Director


MATTHEW L JONES LTD (REGISTERED NUMBER: 09020322)
T/A MATTHEW L JONES FUNERAL SERVICES

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Matthew L Jones Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on cost
Motor vehicles - 15% on cost

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

MATTHEW L JONES LTD (REGISTERED NUMBER: 09020322)
T/A MATTHEW L JONES FUNERAL SERVICES

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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.

Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions
Creditors and provisions are recognised where the company has a present obligation (legal and constructive) resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 62,675
AMORTISATION
At 1 April 2023 55,366
Charge for year 6,267
At 31 March 2024 61,633
NET BOOK VALUE
At 31 March 2024 1,042
At 31 March 2023 7,309

MATTHEW L JONES LTD (REGISTERED NUMBER: 09020322)
T/A MATTHEW L JONES FUNERAL SERVICES

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023 31,380 1,482,296 1,513,676
Additions - 217,467 217,467
Disposals - (233,790 ) (233,790 )
At 31 March 2024 31,380 1,465,973 1,497,353
DEPRECIATION
At 1 April 2023 13,799 432,157 445,956
Charge for year 4,707 135,937 140,644
Eliminated on disposal - (117,969 ) (117,969 )
At 31 March 2024 18,506 450,125 468,631
NET BOOK VALUE
At 31 March 2024 12,874 1,015,848 1,028,722
At 31 March 2023 17,581 1,050,139 1,067,720

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 951,315
Additions 189,966
Disposals (197,500 )
At 31 March 2024 943,781
DEPRECIATION
At 1 April 2023 213,196
Charge for year 91,777
Eliminated on disposal (113,554 )
At 31 March 2024 191,419
NET BOOK VALUE
At 31 March 2024 752,362
At 31 March 2023 738,119

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 45,344 37,173
Other debtors 69,529 79,403
114,873 116,576

MATTHEW L JONES LTD (REGISTERED NUMBER: 09020322)
T/A MATTHEW L JONES FUNERAL SERVICES

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 124,915 199,119
Trade creditors 5,862 5,693
Taxation and social security 1,472 2,688
Other creditors 19,611 19,450
161,860 236,950

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 11,667 21,667
Hire purchase contracts 386,461 377,093
Other creditors 417,990 419,773
816,118 818,533

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 511,376 576,212

Hire purchase liabilities are secured by the assets to which the agreement relates, and are included within tangible fixed assets.

10. RELATED PARTY DISCLOSURES

Included in other creditors is an amount of £290,675 (2023: £311,126) owed to the director of the company. This amount is unsecured and is repayable after 12 months.

Entities with control, joint control, or significant influence over the entity
2024 2023
£   
Rent 20,000 12,000

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MATTHEW L JONES LTD

The following reproduces the text of the report prepared for the director 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director 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 Matthew L Jones Ltd for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 director of Matthew L Jones Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Matthew L Jones Ltd and state those matters that we have agreed to state to the director of Matthew L Jones Ltd 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 Matthew L Jones Ltd and its director for our work or for this report.

It is your duty to ensure that Matthew L Jones 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 Matthew L Jones Ltd. You consider that Matthew L Jones 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 Matthew L Jones 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.






Bevan Buckland LLP
Ground Floor Cardigan House
Castle Court
Swansea Enterprise Park
Swansea
SA7 9LA


21 August 2024