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REGISTERED NUMBER: 06528758 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

MR JONES DESIGN LTD

MR JONES DESIGN LTD (REGISTERED NUMBER: 06528758)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MR JONES DESIGN LTD

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: Mr C T Jones





REGISTERED OFFICE: 61 Dartmouth Road
London
SE23 3HN





REGISTERED NUMBER: 06528758 (England and Wales)





ACCOUNTANTS: ADJ Business Solutions Limited
10 Coldbath Square
London
EC1R 5HL

MR JONES DESIGN LTD (REGISTERED NUMBER: 06528758)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,814,572 634,364
Investments 5 6,330 928,608
2,820,902 1,562,972

CURRENT ASSETS
Stocks 578,601 170,000
Debtors 6 34,447 52,028
Cash at bank and in hand 73,021 331,584
686,069 553,612
CREDITORS
Amounts falling due within one year 7 (457,025 ) (395,206 )
NET CURRENT ASSETS 229,044 158,406
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,049,946

1,721,378

CREDITORS
Amounts falling due after more than one year 8 (900,228 ) (166,845 )

PROVISIONS FOR LIABILITIES (120,529 ) (120,529 )
NET ASSETS 2,029,189 1,434,004

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 10 - (22,050 )
Retained earnings 2,029,188 1,456,053
SHAREHOLDERS' FUNDS 2,029,189 1,434,004

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.

MR JONES DESIGN LTD (REGISTERED NUMBER: 06528758)

BALANCE SHEET - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2024 and were signed by:





Mr C T Jones - Director


MR JONES DESIGN LTD (REGISTERED NUMBER: 06528758)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Mr Jones Design 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.

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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Mr Jones Design Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% on cost and in accordance with the property

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

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.

MR JONES DESIGN LTD (REGISTERED NUMBER: 06528758)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 41 (2023 - 24 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 282,289 497,692 779,981
Additions 2,165,343 110,697 2,276,040
At 31 March 2024 2,447,632 608,389 3,056,021
DEPRECIATION
At 1 April 2023 989 144,628 145,617
Charge for year 681 95,151 95,832
At 31 March 2024 1,670 239,779 241,449
NET BOOK VALUE
At 31 March 2024 2,445,962 368,610 2,814,572
At 31 March 2023 281,300 353,064 634,364

MR JONES DESIGN LTD (REGISTERED NUMBER: 06528758)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 1,097 927,511 928,608
Additions - (1,010,000 ) (1,010,000 )
Share of profit/(loss) - 65,672 65,672
Revaluations - 22,050 22,050
At 31 March 2024 1,097 5,233 6,330
NET BOOK VALUE
At 31 March 2024 1,097 5,233 6,330
At 31 March 2023 1,097 927,511 928,608

Cost or valuation at 31 March 2024 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2023 - (22,050 ) (22,050 )
Valuation in 204 - 22,050 22,050
Cost 1,097 5,233 6,330
1,097 5,233 6,330

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 3,697 12,534
Other debtors 30,750 39,494
34,447 52,028

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 135,922 13,050
Trade creditors 79,232 194,693
Taxation and social security 230,973 139,076
Other creditors 10,898 48,387
457,025 395,206

MR JONES DESIGN LTD (REGISTERED NUMBER: 06528758)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 900,228 166,845

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 356,540 114,646

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 1,036,150 179,895

The bank loans are secured by a fixed charges over the properties and by a floating charges over the assets of the company.

10. RESERVES
Fair
value
reserve
£   
At 1 April 2023 (22,050 )
Revaluation 22,050

At 31 March 2024 -