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COMPANY REGISTRATION NUMBER: 01929261
JONES BUILDERS (MONTON) LIMITED
Filleted Unaudited Financial Statements
31 December 2023
JONES BUILDERS (MONTON) LIMITED
Financial Statements
Year ended 31 December 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
JONES BUILDERS (MONTON) LIMITED
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
4
181
212
Current assets
Stocks
4,238
6,810
Debtors
5
1,736
-------
-------
4,238
8,546
Creditors: amounts falling due within one year
6
1,325
6,095
-------
-------
Net current assets
2,913
2,451
-------
-------
Total assets less current liabilities
3,094
2,663
-------
-------
Net assets
3,094
2,663
-------
-------
Capital and reserves
Called up share capital
2,000
2,000
Profit and loss account
1,094
663
-------
-------
Shareholders funds
3,094
2,663
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
JONES BUILDERS (MONTON) LIMITED
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 25 September 2024 , and are signed on behalf of the board by:
Mrs J. Jones
Director
Company registration number: 01929261
JONES BUILDERS (MONTON) LIMITED
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 16 Nansen Avenue, Monton, Eccles, Manchester, M30 8AE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
15% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Tangible assets
Equipment
Total
£
£
Cost
At 1 January 2023 and 31 December 2023
14,205
14,205
--------
--------
Depreciation
At 1 January 2023
13,993
13,993
Charge for the year
31
31
--------
--------
At 31 December 2023
14,024
14,024
--------
--------
Carrying amount
At 31 December 2023
181
181
--------
--------
At 31 December 2022
212
212
--------
--------
5. Debtors
2023
2022
£
£
Trade debtors
1,736
----
-------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
763
3,242
Trade creditors
803
Other creditors
562
2,050
-------
-------
1,325
6,095
-------
-------
7. Related party transactions
At 31st December 2023 the company owed £34 (2022: £1,522) to the directors. No interest has been charged to the company in respect of this loan which is repayable on demand and classified in creditors due within one year.