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REGISTERED NUMBER: 03551816 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

WARD JONES (BRIDGEND) LIMITED

WARD JONES (BRIDGEND) LIMITED (REGISTERED NUMBER: 03551816)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WARD JONES (BRIDGEND) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: W J Jones
Mrs K P Jones
L W Jones
R W Jones





SECRETARY: W J Jones





REGISTERED OFFICE: Court House
Court Road
Bridgend
CF31 1BE





REGISTERED NUMBER: 03551816 (England and Wales)





ACCOUNTANTS: Graham Paul Limited
Court House
Court Road
Bridgend
CF31 1BE

WARD JONES (BRIDGEND) LIMITED (REGISTERED NUMBER: 03551816)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 637,187 566,595
Investment property 5 2,000,000 2,000,000
2,637,187 2,566,595

CURRENT ASSETS
Debtors 6 32,937 27,262
Cash at bank 447,429 986,158
480,366 1,013,420
CREDITORS
Amounts falling due within one year 7 178,106 240,694
NET CURRENT ASSETS 302,260 772,726
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,939,447

3,339,321

CREDITORS
Amounts falling due after more than one
year

8

(266,701

)

(692,346

)

PROVISIONS FOR LIABILITIES (262,221 ) (247,849 )
NET ASSETS 2,410,525 2,399,126

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 960,852 960,852
Retained earnings 1,449,573 1,438,174
SHAREHOLDERS' FUNDS 2,410,525 2,399,126

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

WARD JONES (BRIDGEND) LIMITED (REGISTERED NUMBER: 03551816)

BALANCE SHEET - continued
30 JUNE 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 Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





W J Jones - Director


WARD JONES (BRIDGEND) LIMITED (REGISTERED NUMBER: 03551816)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Ward Jones (Bridgend) 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 amounts receivable from services invoiced net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on cost

Investment property
Investment properties are included in the balance sheet at fair value, with changes in fair value being recognised in profit or loss.

The key assumptions used to determine the fair value of investment property are disclosed at Note 6 to the financial statements.

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.

WARD JONES (BRIDGEND) LIMITED (REGISTERED NUMBER: 03551816)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 252,542 1,045,663 1,298,205
Additions - 195,617 195,617
Disposals - (24,285 ) (24,285 )
At 30 June 2024 252,542 1,216,995 1,469,537
DEPRECIATION
At 1 July 2023 29,564 702,046 731,610
Charge for year 5,050 113,180 118,230
Eliminated on disposal - (17,490 ) (17,490 )
At 30 June 2024 34,614 797,736 832,350
NET BOOK VALUE
At 30 June 2024 217,928 419,259 637,187
At 30 June 2023 222,978 343,617 566,595

WARD JONES (BRIDGEND) LIMITED (REGISTERED NUMBER: 03551816)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 63,510
DEPRECIATION
At 1 July 2023 44,601
Charge for year 7,208
At 30 June 2024 51,809
NET BOOK VALUE
At 30 June 2024 11,701
At 30 June 2023 18,909

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 2,000,000
NET BOOK VALUE
At 30 June 2024 2,000,000
At 30 June 2023 2,000,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2004 340,368
Valuation in 2007 250,000
Valuation in 2011 (75,544 )
Valuation in 2014 22,862
Valuation in 2016 (136,709 )
Valuation in 2017 559,875
Cost 1,039,148
2,000,000

WARD JONES (BRIDGEND) LIMITED (REGISTERED NUMBER: 03551816)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. INVESTMENT PROPERTY - continued

If investment properties had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,039,148 1,039,148

Investment property was valued on a fair value basis on 30 June 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 29,200 23,205
Other debtors 3,737 4,057
32,937 27,262

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 14,752 46,332
Hire purchase contracts 1,256 7,451
Trade creditors 26,505 31,838
Taxation and social security 29,667 92,054
Other creditors 105,926 63,019
178,106 240,694

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 232,151 647,271
Hire purchase contracts - 1,256
Other creditors 34,550 43,819
266,701 692,346

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 246,903 693,603

WARD JONES (BRIDGEND) LIMITED (REGISTERED NUMBER: 03551816)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


10. RESERVES
Revaluation
reserve
£   
At 1 July 2023
and 30 June 2024 960,852

11. RELATED PARTY DISCLOSURES

Included in creditors are amounts owed to the directors of £69,317 (2023: £62,215).