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REGISTERED NUMBER: 01487921 (England and Wales)















Financial Statements for the Year Ended 30th April 2024

for

Jones & Whymark Engineering Limited

Jones & Whymark Engineering Limited (Registered number: 01487921)






Contents of the Financial Statements
for the Year Ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jones & Whymark Engineering Limited

Company Information
for the Year Ended 30th April 2024







DIRECTORS: Mr D Jones
Mr D Whymark





SECRETARY: Mr D Whymark





REGISTERED OFFICE: Unit 3, Commerce Way
Whitehall Industrial Estate
Colchester
Essex
CO2 8HH





REGISTERED NUMBER: 01487921 (England and Wales)

Jones & Whymark Engineering Limited (Registered number: 01487921)

Balance Sheet
30th April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,274 1,508
Tangible assets 5 28,501 40,193
29,775 41,701

CURRENT ASSETS
Stocks and work in progress 73,000 55,100
Debtors 6 1,077,018 579,726
Cash at bank and in hand 676,011 619,518
1,826,029 1,254,344
CREDITORS
Amounts falling due within one year 7 451,115 265,771
NET CURRENT ASSETS 1,374,914 988,573
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,404,689

1,030,274

CAPITAL AND RESERVES
Called up share capital 200 200
Fair Value reserve 8 388 388
Retained earnings 1,404,101 1,029,686
SHAREHOLDERS' FUNDS 1,404,689 1,030,274

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

Jones & Whymark Engineering Limited (Registered number: 01487921)

Balance Sheet - continued
30th April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th September 2024 and were signed on its behalf by:




Mr D Jones - Director



Mr D Whymark - Director


Jones & Whymark Engineering Limited (Registered number: 01487921)

Notes to the Financial Statements
for the Year Ended 30th April 2024

1. STATUTORY INFORMATION

Jones & Whymark Engineering 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Private Number Plates are being amortised evenly over their estimated useful life of ten years.

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 - 20% on cost
Motor vehicles - 20% on cost

Stocks
Stocks and work in progress and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks and work in progress to their present location and condition.

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.


Jones & Whymark Engineering Limited (Registered number: 01487921)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

2. ACCOUNTING POLICIES - continued
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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 19 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st May 2023
and 30th April 2024 2,341
AMORTISATION
At 1st May 2023 833
Charge for year 234
At 30th April 2024 1,067
NET BOOK VALUE
At 30th April 2024 1,274
At 30th April 2023 1,508

Jones & Whymark Engineering Limited (Registered number: 01487921)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st May 2023 313,930 227,542 541,472
Additions 7,043 - 7,043
Disposals - (37,942 ) (37,942 )
At 30th April 2024 320,973 189,600 510,573
DEPRECIATION
At 1st May 2023 296,496 204,783 501,279
Charge for year 9,995 8,740 18,735
Eliminated on disposal - (37,942 ) (37,942 )
At 30th April 2024 306,491 175,581 482,072
NET BOOK VALUE
At 30th April 2024 14,482 14,019 28,501
At 30th April 2023 17,434 22,759 40,193

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 949,670 504,062
Amounts owed by group undertakings 29,417 -
Other debtors 97,931 75,664
1,077,018 579,726

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 303,519 233,253
Amounts owed to group undertakings - 16,889
Taxation and social security 138,404 6,527
Other creditors 9,192 9,102
451,115 265,771

8. RESERVES
Fair
Value
reserve
£   
At 1st May 2023
and 30th April 2024 388

Jones & Whymark Engineering Limited (Registered number: 01487921)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th April 2024 and 30th April 2023:

2024 2023
£    £   
Mr D Jones
Balance outstanding at start of year (904 ) (1,036 )
Amounts advanced 234 444
Amounts repaid (312 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (982 ) (904 )

Mr D Whymark
Balance outstanding at start of year (904 ) (1,036 )
Amounts advanced 234 444
Amounts repaid (312 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (982 ) (904 )

10. RELATED PARTY DISCLOSURES

The company has not disclosed details of transactions with Jones & Whymark Holdings Ltd on the grounds that the company is a wholly owned subsidiary of Jones & Whymark Holdings Ltd, a company incorporated in England and Wales.

11. ULTIMATE CONTROLLING PARTY

The company's ultimate controlling parties are its directors D. Jones and D. Whymark who each own 50% of the issued share capital of Jones & Whymark Holdings Ltd.