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REGISTERED NUMBER: SC620980 (Scotland)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

JONES ROBBINS LTD

JONES ROBBINS LTD (REGISTERED NUMBER: SC620980)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JONES ROBBINS LTD

COMPANY INFORMATION
for the year ended 29 February 2024







DIRECTORS: G Jones
D P Robbins
B C Tobin





REGISTERED OFFICE: Q Court
3 Quality Street
Edinburgh
EH4 5BP





REGISTERED NUMBER: SC620980 (Scotland)





ACCOUNTANTS: Haines Watts
Business Advisors and Accountants
Q Court
3 Quality Street
Edinburgh
EH4 5BP

JONES ROBBINS LTD (REGISTERED NUMBER: SC620980)

BALANCE SHEET
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,174 1,331

CURRENT ASSETS
Debtors 5 90,536 80,849
Cash at bank and in hand 54,650 46,842
145,186 127,691
CREDITORS
Amounts falling due within one year 6 80,674 60,825
NET CURRENT ASSETS 64,512 66,866
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,686

68,197

PROVISIONS FOR LIABILITIES 7 1,416 253
NET ASSETS 68,270 67,944

CAPITAL AND RESERVES
Called up share capital 150 150
Share premium 64,950 64,950
Retained earnings 3,170 2,844
68,270 67,944

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

JONES ROBBINS LTD (REGISTERED NUMBER: SC620980)

BALANCE SHEET - continued
29 February 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 26 November 2024 and were signed on its behalf by:





D P Robbins - Director


JONES ROBBINS LTD (REGISTERED NUMBER: SC620980)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Jones Robbins Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes in relation to architectural activities.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 33% per annum on cost

Tangible fixed assets are reviewed annually for impairment.

FINANCIAL INSTRUMENTS
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract


JONES ROBBINS LTD (REGISTERED NUMBER: SC620980)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2023 2,707
Additions 5,185
At 29 February 2024 7,892
DEPRECIATION
At 1 March 2023 1,376
Charge for year 1,342
At 29 February 2024 2,718
NET BOOK VALUE
At 29 February 2024 5,174
At 28 February 2023 1,331

JONES ROBBINS LTD (REGISTERED NUMBER: SC620980)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,581 14,933
Other debtors 71,955 65,916
90,536 80,849

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 591 2,545
Taxation and social security 76,236 55,030
Other creditors 3,847 3,250
80,674 60,825

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,416 253

Deferred
tax
£   
Balance at 1 March 2023 253
Provided during year 1,163
Balance at 29 February 2024 1,416

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
D P Robbins
Balance outstanding at start of year 18,924 25,400
Amounts advanced 56,670 45,429
Amounts repaid (54,155 ) (51,905 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 21,439 18,924

JONES ROBBINS LTD (REGISTERED NUMBER: SC620980)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

G Jones
Balance outstanding at start of year 18,744 25,220
Amounts advanced 56,667 45,429
Amounts repaid (56,549 ) (51,905 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,862 18,744

B C Tobin
Balance outstanding at start of year 26,273 32,590
Amounts advanced 56,835 45,575
Amounts repaid (54,417 ) (51,892 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 28,691 26,273

Interest of 2% has been charged where the loan exceed £10,000. There are no fixed terms of repayment.