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REGISTERED NUMBER: 07199289 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

JOHN SLONE CONTRACTING LIMITED

JOHN SLONE CONTRACTING LIMITED (REGISTERED NUMBER: 07199289)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


JOHN SLONE CONTRACTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr J Slone
Mr J Tyson



REGISTERED OFFICE: 3 Green Area
Dalton in Furness
Cumbria
LA15 8LJ



REGISTERED NUMBER: 07199289 (England and Wales)



BANKERS: National Westminster Bank plc
113 Dalton Road
Barrow-in-Furness
Cumbria
LA14 1WY

JOHN SLONE CONTRACTING LIMITED (REGISTERED NUMBER: 07199289)

ABRIDGED BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 328,024 177,423

CURRENT ASSETS
Debtors 5 520,161 269,583
Cash at bank 20,886 23,328
541,047 292,911
CREDITORS
Amounts falling due within one year 31,753 47,017
NET CURRENT ASSETS 509,294 245,894
TOTAL ASSETS LESS CURRENT
LIABILITIES

837,318

423,317

CREDITORS
Amounts falling due after more than one year 91,455 26,612
NET ASSETS 745,863 396,705

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 745,861 396,703
SHAREHOLDERS' FUNDS 745,863 396,705

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 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.

JOHN SLONE CONTRACTING LIMITED (REGISTERED NUMBER: 07199289)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

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





Mr J Slone - Director


JOHN SLONE CONTRACTING LIMITED (REGISTERED NUMBER: 07199289)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

John Slone Contracting 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.

Turnover
Turnover represents net invoiced sales of services, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Freehold property has not been depreciated which is a departure from the Financial Reporting Standard for Smaller Entities and from the Companies Act 2006.

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 7 (2023 - 8 ) .

JOHN SLONE CONTRACTING LIMITED (REGISTERED NUMBER: 07199289)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 476,097
Additions 289,972
Disposals (64,500 )
At 31 March 2024 701,569
DEPRECIATION
At 1 April 2023 298,674
Charge for year 100,671
Eliminated on disposal (25,800 )
At 31 March 2024 373,545
NET BOOK VALUE
At 31 March 2024 328,024
At 31 March 2023 177,423

Freehold property has not been depreciated which a departure from the Financial Reporting Standard for Smaller Entities and from the Companies Act 2006.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 April 2023 92,226
Additions 155,750
Transfer to ownership (105,326 )
At 31 March 2024 142,650
DEPRECIATION
At 1 April 2023 52,772
Charge for year 31,149
Transfer to ownership (61,277 )
At 31 March 2024 22,644
NET BOOK VALUE
At 31 March 2024 120,006
At 31 March 2023 39,454

JOHN SLONE CONTRACTING LIMITED (REGISTERED NUMBER: 07199289)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other debtors 210,000 -

6. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 106,983 10,981

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 Ordinary £1 1 1
1 A Ordinary £1 1 1
2 2

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mr J Slone
Balance outstanding at start of year 153,936 119,627
Amounts advanced 292,892 153,936
Amounts repaid (153,936 ) (119,627 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 292,892 153,936

During the financial year the director was charged £4,424 (2022: £2,708) interest on the loan which is unsecured and repayable on demand.

9. RELATED PARTY DISCLOSURES

The balance owing from Joma Enterprises Ltd of which Mr J Slone is also a director is the sum of £66,152 (2023: £65,000).