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REGISTERED NUMBER: 08151434 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Jondo UK Limited

Jondo UK Limited (Registered number: 08151434)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Jondo UK Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr J Doe
Mr T M Sanders





REGISTERED OFFICE: Unit 9 Springlakes Estate
Aldershot
GU124UH





REGISTERED NUMBER: 08151434 (England and Wales)





AUDITORS: WP Audit Limited
Statutory Auditors
TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN

Jondo UK Limited (Registered number: 08151434)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 81,799 30,813
Tangible assets 5 822,046 956,471
903,845 987,284

CURRENT ASSETS
Stocks 6 540,399 496,764
Debtors 7 804,034 812,418
Cash at bank 1,152,110 1,211,436
2,496,543 2,520,618
CREDITORS: AMOUNTS FALLING DUE WITHIN
ONE YEAR

8

(1,117,442

)

(1,371,761

)
NET CURRENT ASSETS 1,379,101 1,148,857
TOTAL ASSETS LESS CURRENT LIABILITIES 2,282,946 2,136,141

CREDITORS: AMOUNTS FALLING DUE AFTER
MORE THAN ONE YEAR

9

-

(30,068

)

PROVISIONS FOR LIABILITIES (224,937 ) (168,349 )
NET ASSETS 2,058,009 1,937,724

CAPITAL AND RESERVES
Called up share capital 55,556 55,556
Share premium 5,222 5,222
Retained earnings 1,997,231 1,876,946
SHAREHOLDERS' FUNDS 2,058,009 1,937,724

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 17 September 2024 and were signed on its behalf by:





Mr T M Sanders - Director


Jondo UK Limited (Registered number: 08151434)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Jondo UK 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.

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.

Significant judgements and estimates
In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The directors have included a dilapidation provision within the financial statements. This is based on an estimate by the directors to cover the cost of potential spend to restore the premises to their original condition in accordance with the lease.

Turnover
Revenue is recognised to the extend 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:

Sale of goods
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
- the Company has transferred the significant risks and rewards of ownership to the buyer;
- the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the transaction; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Development costs are being amortised evenly over their estimated useful life of three years.

Computer software costs are being amortised evenly over their estimated useful life of three 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 reducing balance & 12.5% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles- 33% on reducing balance
Leasehold Improvement - Straight line over 5 years

Jondo UK Limited (Registered number: 08151434)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and loss.

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.

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.

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 23 (2022 - 25 ) .

Jondo UK Limited (Registered number: 08151434)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023 100,023
Additions 73,508
At 31 December 2023 173,531
AMORTISATION
At 1 January 2023 69,210
Charge for year 22,522
At 31 December 2023 91,732
NET BOOK VALUE
At 31 December 2023 81,799
At 31 December 2022 30,813

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 18,225 2,026,636 219,392 16,650 2,280,903
Additions - 55,689 - - 55,689
Disposals - (60,460 ) - - (60,460 )
At 31 December 2023 18,225 2,021,865 219,392 16,650 2,276,132
DEPRECIATION
At 1 January 2023 17,309 1,217,447 74,610 15,066 1,324,432
Charge for year 500 151,041 25,716 1,584 178,841
Eliminated on disposal - (49,187 ) - - (49,187 )
At 31 December 2023 17,809 1,319,301 100,326 16,650 1,454,086
NET BOOK VALUE
At 31 December 2023 416 702,564 119,066 - 822,046
At 31 December 2022 916 809,189 144,782 1,584 956,471

Jondo UK Limited (Registered number: 08151434)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 January 2023
and 31 December 2023 281,535
DEPRECIATION
At 1 January 2023 134,386
Charge for year 18,394
At 31 December 2023 152,780
NET BOOK VALUE
At 31 December 2023 128,755
At 31 December 2022 147,149

6. STOCKS
31.12.23 31.12.22
£    £   
Stocks 540,399 496,764

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 755,003 717,623
Prepayments 49,031 94,795
804,034 812,418

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts (see note 10) 32,071 55,572
Trade creditors 729,651 685,230
Tax 41,604 1,268
Social security and other taxes 19,979 18,036
VAT 197,188 198,323
Other creditors 862 4,992
Directors' current accounts - 375,000
Accruals and deferred income 96,087 33,340
1,117,442 1,371,761

Hire purchase contacts are secured against the assets to which they relate.

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts (see note 10) - 30,068

Hire purchase contacts are secured against the assets to which they relate.

Jondo UK Limited (Registered number: 08151434)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.23 31.12.22
£    £   
Net obligations repayable:
Within one year 32,071 55,572
Between one and five years - 30,068
32,071 85,640

Non-cancellable operating leases
31.12.23 31.12.22
£    £   
Within one year 120,000 115,000
Between one and five years 60,000 180,000
180,000 295,000

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Philippa Duckworth BSc FCCA (Senior Statutory Auditor)
for and on behalf of WP Audit Limited

12. RELATED PARTY DISCLOSURES

During the year purchases of £108,615 (2022: £86,402) were made from Sandhurst Autoprint Limited and at the year end the company owed Sandhurst Autoprint Limited £22,980 (2022: £23,090). Sandhurst Autoprint Limited is owned by T Sanders, a director and shareholder of Jondo UK Limited.

During the year purchases of £5,800 (2022:£5,705) were made from Jondo Limited and sales of £503,224 (2022 £390,977) were made to Jondo Limited. At the year end the company was owed £96,026, by Jondo Limited (2022: £55,004). Jondo Limited was owned by J Doe, a Director of Jondo UK Limited, until November 2022 when it was acquired by an investment firm.

13. ULTIMATE CONTROLLING PARTY

No individual has control of the company as a result of the shareholders agreement.