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Registered number: 06249487
H P Jones & Son Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Shaw Austin
Chartered Accountants
45 City Road
Chester
CH1 3AE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06249487
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 610,341 580,698
610,341 580,698
CURRENT ASSETS
Stocks 5 123,107 120,100
Debtors 6 122,655 165,346
Cash at bank and in hand - 108,638
245,762 394,084
Creditors: Amounts Falling Due Within One Year 7 (284,206 ) (350,345 )
NET CURRENT ASSETS (LIABILITIES) (38,444 ) 43,739
TOTAL ASSETS LESS CURRENT LIABILITIES 571,897 624,437
Creditors: Amounts Falling Due After More Than One Year 8 (15,134 ) (29,449 )
NET ASSETS 556,763 594,988
CAPITAL AND RESERVES
Called up share capital 11 301 298
Profit and Loss Account 556,462 594,690
SHAREHOLDERS' FUNDS 556,763 594,988
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For the year ending 31 December 2023 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
A P Jones
Director
29 October 2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
H P Jones & Son Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06249487 . The registered office is 45 City Road, Chester, CH1 3AE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The presentational currency is £ Sterling and all amounts are rounded to the nearest £.
2.2. Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of dairy goods in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts after eliminating sales within the company. 
The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% on cost
Plant & Machinery 25% on net book value
Fixtures & Fittings 10% on cost
Biological assets - herd animals over 4 years
Biological assets are measured using the cost model. The assets are one class consisting of a dairy herd. They are depreciated on a straight-line basis to write off the asset over the expexted useful life of 4 years.
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
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2.7. Pensions
The company makes payments to staff defined pension contribution schemes. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 5)
4 5
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Biological assets - herd animals Total
£ £ £ £ £
Cost
As at 1 January 2023 358,122 476,477 25,203 306,000 1,165,802
Additions 39,557 12,584 - 135,150 187,291
Disposals - - - (119,000 ) (119,000 )
As at 31 December 2023 397,679 489,061 25,203 322,150 1,234,093
Depreciation
As at 1 January 2023 56,625 354,253 20,162 154,064 585,104
Provided during the period 7,955 33,698 2,520 80,538 124,711
Disposals - - - (86,063 ) (86,063 )
As at 31 December 2023 64,580 387,951 22,682 148,539 623,752
Net Book Value
As at 31 December 2023 333,099 101,110 2,521 173,611 610,341
As at 1 January 2023 301,497 122,224 5,041 151,936 580,698
5. Stocks
2023 2022
£ £
Stock 123,107 120,100
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 57,315 86,860
Other debtors 65,340 78,486
122,655 165,346
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 3,607 9,980
Trade creditors 40,725 237,354
Bank loans and overdrafts 159,639 9,810
Other creditors 23,788 21,023
Taxation and social security 56,447 72,178
284,206 350,345
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts - 3,607
Bank loans 15,134 25,842
15,134 29,449
9. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured.
A fixed and floating charge over all assets of the company have been given by way of a debenture, in respect of some of the bank loans and overdraft.
Security is held over assets capitalised under finance lease liabilities, over the assets to which they relate. 
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 3,607 13,587
10. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,607 9,980
Later than one year and not later than five years - 3,607
3,607 13,587
3,607 13,587
11. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 301 298
12. Related Party Transactions
The directors make an interest free loan available to the company throughout the period, which is repayable on demand.
The amount due to the directors was £72 (2022 - £803).
During the year the directors have been paid amounts due for rental of land totalling £94,242 (2022 - £50,721). 
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