H.JONES & SON(GROCERS)LIMITED

Company Registration Number:
00614525 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

H.JONES & SON(GROCERS)LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2024

Balance sheet
Notes

H.JONES & SON(GROCERS)LIMITED

Balance sheet

As at 31 January 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 305,027 319,728
Total fixed assets: 305,027 319,728
Current assets
Stocks: 246,325 238,200
Debtors:   265,406 239,016
Cash at bank and in hand: 66,285 94,380
Total current assets: 578,016 571,596
Creditors: amounts falling due within one year: 4 (509,421) (539,189)
Net current assets (liabilities): 68,595 32,407
Total assets less current liabilities: 373,622 352,135
Creditors: amounts falling due after more than one year: 5 (12,713) (22,533)
Provision for liabilities: (21,003) (22,328)
Total net assets (liabilities): 339,906 307,274
Capital and reserves
Called up share capital: 4,000 4,000
Profit and loss account: 335,906 303,274
Shareholders funds: 339,906 307,274

The notes form part of these financial statements

H.JONES & SON(GROCERS)LIMITED

Balance sheet statements

For the year ending 31 January 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 October 2024
and signed on behalf of the board by:

Name: Mr G Jones
Status: Director

The notes form part of these financial statements

H.JONES & SON(GROCERS)LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied, stated net of Vale Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.

Tangible fixed assets and depreciation policy

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life: Fixtures and fittings-10% reducing balance Motor vehicles-25% reducing balance Computer equipment-20% reducing balance Freehold land and buildings-2% straight line

Other accounting policies

Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

H.JONES & SON(GROCERS)LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

2. Employees

2024 2023
Average number of employees during the period 32 32

H.JONES & SON(GROCERS)LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible Assets

Total
Cost £
At 01 February 2023 1,178,212
Additions 7,212
At 31 January 2024 1,185,424
Depreciation
At 01 February 2023 858,484
Charge for year 21,913
At 31 January 2024 880,397
Net book value
At 31 January 2024 305,027
At 31 January 2023 319,728

H.JONES & SON(GROCERS)LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Creditors: amounts falling due within one year note

Bank loan 10620 Trade creditors 92772 Corporation tax 4 Other taxation and social security 18934 Directors' current accounts 343379 Other creditors 250 Accruals and deferred income 43462 Total 509421

H.JONES & SON(GROCERS)LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Creditors: amounts falling due after more than one year note

Bank loan 12713 Total 12713