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REGISTERED NUMBER: 02708919 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Jonarve Limited

Jonarve Limited (Registered number: 02708919)






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


Jonarve Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr J R Peace
Mrs J A Peace
Mr T W Peace
Mr M N Peace





REGISTERED OFFICE: Unit 10
Castle Park Industrial Estate
Flint
Flintshire
CH6 5XA





REGISTERED NUMBER: 02708919 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

Jonarve Limited (Registered number: 02708919)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,886,911 3,008,278

CURRENT ASSETS
Stocks 356,348 566,258
Debtors 5 955,748 1,283,256
Cash at bank and in hand 1,840,251 1,128,711
3,152,347 2,978,225
CREDITORS
Amounts falling due within one year 6 659,050 669,253
NET CURRENT ASSETS 2,493,297 2,308,972
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,380,208

5,317,250

PROVISIONS FOR LIABILITIES 434,044 314,997
NET ASSETS 4,946,164 5,002,253

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,946,064 5,002,153
SHAREHOLDERS' FUNDS 4,946,164 5,002,253

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.

Jonarve Limited (Registered number: 02708919)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 October 2024 and were signed on its behalf by:





Mr J R Peace - Director


Jonarve Limited (Registered number: 02708919)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Jonarve 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.

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.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

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.
Freehold property - 1% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

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 Statement of Income and Retained Earnings, 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. Deferred tax is provided on fair value adjustments to fixed asset investments.

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.

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.

Jonarve Limited (Registered number: 02708919)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Fixed asset investments
Fixed asset investments are stated at open market value based on the stock exchange listing at the year end date. The surplus or deficit arising on revaluation each year is included in the profit and loss account, and the balance of cumulative gains and losses to date is included within the fair value reserve, net of deferred tax.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 46 (2023 - 49 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 1,316,515 2,630,996 138,427
Additions - 329,378 32,238
Impairments - (677,558 ) (138,427 )
At 31 March 2024 1,316,515 2,282,816 32,238
DEPRECIATION
At 1 April 2023 49,377 960,745 132,037
Charge for year 13,165 299,944 5,794
Impairments - (522,986 ) (132,996 )
At 31 March 2024 62,542 737,703 4,835
NET BOOK VALUE
At 31 March 2024 1,253,973 1,545,113 27,403
At 31 March 2023 1,267,138 1,670,251 6,390

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 136,984 31,320 4,254,242
Additions - 17,508 379,124
Impairments - (31,320 ) (847,305 )
At 31 March 2024 136,984 17,508 3,786,061
DEPRECIATION
At 1 April 2023 76,263 27,542 1,245,964
Charge for year 15,181 3,193 337,277
Impairments - (28,109 ) (684,091 )
At 31 March 2024 91,444 2,626 899,150
NET BOOK VALUE
At 31 March 2024 45,540 14,882 2,886,911
At 31 March 2023 60,721 3,778 3,008,278

Jonarve Limited (Registered number: 02708919)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 954,051 1,282,333
Other debtors 1,697 923
955,748 1,283,256

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 209,452 211,051
Taxation and social security 402,929 411,469
Other creditors 46,669 46,733
659,050 669,253