Company Registration No. 12417001 (England and Wales)
CHRISTOPHER JONES WEALTH MANAGEMENT LTD
Unaudited accounts
for the year ended 31 March 2024
CHRISTOPHER JONES WEALTH MANAGEMENT LTD
Unaudited accounts
Contents
CHRISTOPHER JONES WEALTH MANAGEMENT LTD
Company Information
for the year ended 31 March 2024
Directors
Christopher Jones
Eliot Jones
Robin Jones
Company Number
12417001 (England and Wales)
Registered Office
4 Stonemasons Court
67 Parchment Street
Winchester
Hampshire
SO23 8AT
Accountants
Continuity Finance
95 Brownhill Road
Chandlers Ford
Eastleigh
Hampshire
SO53 2FH
CHRISTOPHER JONES WEALTH MANAGEMENT LTD
Statement of financial position
as at 31 March 2024
Tangible assets
78,401
34,720
Cash at bank and in hand
66,386
82,116
Creditors: amounts falling due within one year
(135,302)
(119,468)
Net current (liabilities)/assets
(35,185)
4,526
Total assets less current liabilities
43,216
39,246
Creditors: amounts falling due after more than one year
(11,667)
(21,667)
Provisions for liabilities
Called up share capital
4,000
4,000
Profit and loss account
7,949
13,579
Shareholders' funds
11,949
17,579
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2024 and were signed on its behalf by
Robin Jones
Director
Company Registration No. 12417001
CHRISTOPHER JONES WEALTH MANAGEMENT LTD
Notes to the Accounts
for the year ended 31 March 2024
CHRISTOPHER JONES WEALTH MANAGEMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 12417001. The registered office is 4 Stonemasons Court, 67 Parchment Street, Winchester, Hampshire, SO23 8AT .
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% on cost
Fixtures & fittings
20% on cost
Computer equipment
25% on cost
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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted at the balance sheet date.
Current tax assets and liabilities are not discounted
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
CHRISTOPHER JONES WEALTH MANAGEMENT LTD
Notes to the Accounts
for the year ended 31 March 2024
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
38,651
11,571
5,849
56,071
Additions
38,836
10,317
2,664
51,817
At 31 March 2024
77,487
21,888
8,513
107,888
At 1 April 2023
11,989
6,387
2,975
21,351
Charge for the year
4,206
2,314
1,616
8,136
At 31 March 2024
16,195
8,701
4,591
29,487
At 31 March 2024
61,292
13,187
3,922
78,401
At 31 March 2023
26,662
5,184
2,874
34,720
Amounts falling due within one year
Accrued income and prepayments
7,231
11,878
Other debtors
25,000
30,000
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Taxes and social security
114,839
101,668
7
Creditors: amounts falling due after more than one year
2024
2023
CHRISTOPHER JONES WEALTH MANAGEMENT LTD
Notes to the Accounts
for the year ended 31 March 2024
8
Operating lease commitments
2024
2023
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
11,243
11,243
Later than one year and not later than five years
20,611
31,853
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan advance to director
30,000
25,000
30,000
25,000
30,000
25,000
30,000
25,000
Temporary loans to directors are interest-free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 6 (2023: 6).