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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
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CHRISTOPHER JONES WEALTH MANAGEMENT LTD Company Information for the year ended 31 March 2024
Directors
Christopher Jones Eliot Jones Robin Jones
Secretary
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
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CHRISTOPHER JONES WEALTH MANAGEMENT LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
78,401 
34,720 
Current assets
Debtors
33,731 
41,878 
Cash at bank and in hand
66,386 
82,116 
100,117 
123,994 
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
Deferred tax
(19,600)
- 
Net assets
11,949 
17,579 
Capital and reserves
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
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CHRISTOPHER JONES WEALTH MANAGEMENT LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Taxaion
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 taxation
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.
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CHRISTOPHER JONES WEALTH MANAGEMENT LTD Notes to the Accounts for the year ended 31 March 2024
Leased assets
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 
Depreciation
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 
Net book value
At 31 March 2024
61,292 
13,187 
3,922 
78,401 
At 31 March 2023
26,662 
5,184 
2,874 
34,720 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
7,231 
11,878 
Other debtors
25,000 
30,000 
32,231 
41,878 
Amounts falling due after more than one year
Trade debtors
1,500 
- 
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 
Other creditors
283 
265 
Accruals
10,180 
7,535 
135,302 
119,468 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
11,667 
21,667 
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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 
31,854 
43,096 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Eliot Jones
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).
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