Caseware UK (AP4) 2023.0.135 2023.0.135 true71The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.632023-04-01falseNo description of principal activityfalse 08252185 2023-04-01 2024-03-31 08252185 2022-04-01 2023-03-31 08252185 2024-03-31 08252185 2023-03-31 08252185 c:CompanySecretary1 2023-04-01 2024-03-31 08252185 c:Director1 2023-04-01 2024-03-31 08252185 c:Director2 2023-04-01 2024-03-31 08252185 c:Director3 2023-04-01 2024-03-31 08252185 c:Director4 2023-04-01 2024-03-31 08252185 c:Director6 2023-04-01 2024-03-31 08252185 c:Director7 2023-04-01 2024-03-31 08252185 c:Director8 2023-04-01 2024-03-31 08252185 c:Director9 2023-04-01 2024-03-31 08252185 c:Director10 2023-04-01 2024-03-31 08252185 c:Director11 2023-04-01 2024-03-31 08252185 c:Director12 2023-04-01 2024-03-31 08252185 c:Director12 2024-03-31 08252185 c:RegisteredOffice 2023-04-01 2024-03-31 08252185 d:Buildings d:ShortLeaseholdAssets 2023-04-01 2024-03-31 08252185 d:Buildings d:ShortLeaseholdAssets 2024-03-31 08252185 d:Buildings d:ShortLeaseholdAssets 2023-03-31 08252185 d:FurnitureFittings 2023-04-01 2024-03-31 08252185 d:FurnitureFittings 2024-03-31 08252185 d:FurnitureFittings 2023-03-31 08252185 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08252185 d:OfficeEquipment 2023-04-01 2024-03-31 08252185 d:OfficeEquipment 2024-03-31 08252185 d:OfficeEquipment 2023-03-31 08252185 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08252185 d:ComputerEquipment 2023-04-01 2024-03-31 08252185 d:ComputerEquipment 2024-03-31 08252185 d:ComputerEquipment 2023-03-31 08252185 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08252185 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08252185 d:CurrentFinancialInstruments 2024-03-31 08252185 d:CurrentFinancialInstruments 2023-03-31 08252185 d:Non-currentFinancialInstruments 2024-03-31 08252185 d:Non-currentFinancialInstruments 2023-03-31 08252185 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08252185 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08252185 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 08252185 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 08252185 d:ShareCapital 2024-03-31 08252185 d:ShareCapital 2023-03-31 08252185 d:SharePremium 2024-03-31 08252185 d:SharePremium 2023-03-31 08252185 d:RetainedEarningsAccumulatedLosses 2024-03-31 08252185 d:RetainedEarningsAccumulatedLosses 2023-03-31 08252185 c:FRS102 2023-04-01 2024-03-31 08252185 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08252185 c:FullAccounts 2023-04-01 2024-03-31 08252185 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08252185 d:Subsidiary1 2023-04-01 2024-03-31 08252185 d:Subsidiary1 1 2023-04-01 2024-03-31 08252185 6 2023-04-01 2024-03-31 08252185 7 2023-04-01 2024-03-31 08252185 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 08252185









H A S Jones Limited







Unaudited

Financial statements

For the Year Ended 31 March 2024

 
H A S Jones Limited
 
 
Company Information


Directors
H A S Jones 
R M R Dobson 
J R P Miller 
E J Hughes 
C Gallagher 
J H Roberts 
C L Crawford 
L M Law 
J Rushton 
D I S Jones 
C Eassom (appointed 1 April 2024)




Company secretary
Oakwood Corporate Secretary Limited



Registered number
08252185



Registered office
2 The Malthouse
Deva City Office Park

Trinity Way

Manchester

M3 7BD




Accountants
Hurst Accountants Limited
Chartered Accountants

3 Stockport Exchange

Stockport

SK1 3GG





 
H A S Jones Limited
 

Contents



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 10


 
H A S Jones Limited
Registered number: 08252185

Balance Sheet
As at 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
53,039
42,065

Investments
 5 
250,000
250,000

  
303,039
292,065

Current assets
  

Debtors: amounts falling due within one year
 6 
1,898,650
1,826,640

Cash at bank and in hand
 7 
2,333
2,739

  
1,900,983
1,829,379

Creditors: amounts falling due within one year
 8 
(1,314,870)
(1,415,320)

Net current assets
  
 
 
586,113
 
 
414,059

Total assets less current liabilities
  
889,152
706,124

Creditors: amounts falling due after more than one year
 9 
(13,166)
(23,333)

Provisions for liabilities
  

Deferred tax
  
(6,819)
(3,869)

Net assets
  
869,167
678,922


Capital and reserves
  

Called up share capital 
  
50,000
50,000

Share premium account
  
45,000
45,000

Profit and loss account
  
774,167
583,922

  
869,167
678,922


Page 1

 
H A S Jones Limited
Registered number: 08252185
    
Balance Sheet (continued)
As at 31 March 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J R P Miller
Director

Date: 16 September 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
H A S Jones Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

1.


General information

H A S Jones Limited is a private company limited and incorporated in England and Wales.  The address of the registered office and principal place of business is 2 The Malthouse, Deva City Office Park, Trinity Way, Manchester, M3 7BD.  The company's registered number is 08252185.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Page 3

 
H A S Jones Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 4

 
H A S Jones Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
Over term of the lease
Fixtures and fittings
-
20% straight line
Office equipment
-
33% straight line
Computer equipment
-
33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.9

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
H A S Jones Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and loans to related parties.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. 
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 71 (2023 -63).

Page 6

 
H A S Jones Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

4.


Tangible fixed assets





Short-term leasehold property
Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
17,987
51,050
22,483
153,332
244,852


Additions
-
3,487
4,451
28,002
35,940


Disposals
-
(5,560)
(2,052)
(5,155)
(12,767)



At 31 March 2024

17,987
48,977
24,882
176,179
268,025



Depreciation


At 1 April 2023
17,987
41,304
17,830
125,666
202,787


Charge for the year
-
4,454
2,851
17,661
24,966


Disposals
-
(5,560)
(2,052)
(5,155)
(12,767)



At 31 March 2024

17,987
40,198
18,629
138,172
214,986



Net book value



At 31 March 2024
-
8,779
6,253
38,007
53,039



At 31 March 2023
-
9,746
4,653
27,666
42,065

Page 7

 
H A S Jones Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
250,000



At 31 March 2024
250,000





Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Registered office

Class of shares

Holding

Hugh Jones Trust Corporation Limited
2 The Malthouse
Deva City Office Park
Trinity Way
Manchester
M3 7BD
Ordinary
100%

The aggregate of the share capital and reserves as at 31 March 2024 and the profit or loss for the year ended on that date for the subsidiary undertaking was as follows:

Name
Profit/(Loss)

Hugh Jones Trust Corporation Limited
-




6.


Debtors

2024
2023
£
£


Trade debtors
689,503
744,707

Other debtors
97,028
160,327

Prepayments and accrued income
1,112,119
921,606

1,898,650
1,826,640


Page 8

 
H A S Jones Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,333
2,739

Less: bank overdrafts
(60,296)
(161,162)

(57,963)
(158,423)



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
60,296
161,162

Bank loans
10,167
10,000

Trade creditors
109,122
175,788

Amounts owed to group undertakings
250,000
250,000

Corporation tax
62,342
25,995

Other taxation and social security
288,389
258,258

Obligations under finance lease and hire purchase contracts
-
3,146

Other creditors
386,030
426,885

Accruals and deferred income
148,524
104,086

1,314,870
1,415,320


The bank overdraft is secured by a debenture over the assets of the Company.
The bank loan facility is supported by the Bounce Bank Loan Scheme and the lender has received a guarantee from the UK Government under this scheme.
The subsidiary undertaking, Hugh Jones Trust Corporation Limited, has a lien over unpaid share capital totalling £150,000 included within Amounts owed to group undertakings. 
As security for a loan with a carrying value of £97,841 at 31 March 2024 (2023: £100,015) (included within Other Creditors), the Company has assigned to the lender, with full title guarantee, all of its rights, title and interest in and to the associated professional indemnity insurance policy and monies payable under it.

Page 9

 
H A S Jones Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 March 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
13,166
23,333


The Company entered into a loan agreement in respect of a loan totalling £50,000 with The Co-operative Bank and this was drawn down during July 2020. The lending facility is supported by the Bounce Back Loan Scheme, with interest due during the first 12 months being payable by the UK Government under the terms of the Scheme. After the initial 12 month period elapsed in July 2021, interest became payable by the Company. An interest rate of 2.5%    per annum is applicable. The Company is making monthly loan repayments of £887. The first repayment was made in August 2021 and the final instalment is due to be paid in July 2026.
The lender has received a guarantee from the UK Government under this scheme.


10.Financial commitments

The Company has total commitments at the balance sheet date of £183,330 (2023: £297,437).  Included within this figure are pension commitments totalling £25,765 (2023: £21,698).

Page 10