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REGISTERED NUMBER: 04587450 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

G C Jones Construction Company Limited

G C Jones Construction Company Limited (Registered number: 04587450)






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


G C Jones Construction Company Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr G C Jones





SECRETARY: Mrs A J Jones





REGISTERED OFFICE: Oaklands, Sandpits Lane
Penn
High Wycombe
Bucks
HP10 8HD





REGISTERED NUMBER: 04587450 (England and Wales)





ACCOUNTANTS: Whitemead Accountants Limited
3 Whiteley
Windsor
Berks
SL4 5PJ

G C Jones Construction Company Limited (Registered number: 04587450)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,359 8,215
Investment property 5 675,000 478,243
681,359 486,458

CURRENT ASSETS
Stocks 76,398 91,979
Debtors 6 5,127 59,380
Cash at bank 469,574 388,178
551,099 539,537
CREDITORS
Amounts falling due within one year 7 233,605 214,050
NET CURRENT ASSETS 317,494 325,487
TOTAL ASSETS LESS CURRENT
LIABILITIES

998,853

811,945

PROVISIONS FOR LIABILITIES 22,376 1,561
NET ASSETS 976,477 810,384

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Revaluation reserve 8 87,425 -
Retained earnings 884,052 805,384
SHAREHOLDERS' FUNDS 976,477 810,384

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 director acknowledges his 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.

G C Jones Construction Company Limited (Registered number: 04587450)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 September 2024 and were signed by:





Mr G C Jones - Director


G C Jones Construction Company Limited (Registered number: 04587450)

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

1. STATUTORY INFORMATION

G C Jones Construction Company 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods and services, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 Income Statement, 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

G C Jones Construction Company Limited (Registered number: 04587450)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 32,380
DEPRECIATION
At 1 April 2023 24,165
Charge for year 1,856
At 31 March 2024 26,021
NET BOOK VALUE
At 31 March 2024 6,359
At 31 March 2023 8,215

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 478,243
Additions 109,332
Revaluations 87,425
At 31 March 2024 675,000
NET BOOK VALUE
At 31 March 2024 675,000
At 31 March 2023 478,243

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 87,425
Cost 587,575
675,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 5,045 58,237
Other debtors 82 1,143
5,127 59,380

G C Jones Construction Company Limited (Registered number: 04587450)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 24,741 55,645
Taxation and social security 57,059 21,408
Other creditors 151,805 136,997
233,605 214,050

8. RESERVES
Revaluation
reserve
£   
Fair value transfer 87,425

At 31 March 2024 87,425