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REGISTERED NUMBER: 05665255 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

DD & CM Jones Limited

DD & CM Jones Limited (Registered number: 05665255)






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


DD & CM Jones Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs C M Jones
D D Jones





SECRETARY: Mrs C M Jones





REGISTERED OFFICE: Penlan Fach
Ponthirwaun
CARDIGAN
Ceredigion
SA43 2RB





REGISTERED NUMBER: 05665255 (England and Wales)





ACCOUNTANTS: Ashmole & Co
Manchester House
Grosvenor Hill
Cardigan
Ceredigion
SA43 1HY

DD & CM Jones Limited (Registered number: 05665255)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 821,668 833,491
821,668 833,491

CURRENT ASSETS
Stocks 206,477 253,552
Debtors 6 25,387 60,625
Investments 7 70,069 70,069
Cash at bank 179,870 86,510
481,803 470,756
CREDITORS
Amounts falling due within one year 8 406,891 472,642
NET CURRENT ASSETS/(LIABILITIES) 74,912 (1,886 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

896,580

831,605

CREDITORS
Amounts falling due after more than one
year

9

(18,244

)

(33,368

)

PROVISIONS FOR LIABILITIES (32,034 ) (34,428 )
NET ASSETS 846,302 763,809

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 846,202 763,709
SHAREHOLDERS' FUNDS 846,302 763,809

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 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.

DD & CM Jones Limited (Registered number: 05665255)

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 Board of Directors and authorised for issue on 18 October 2024 and were signed on its behalf by:




D D Jones - Director



Mrs C M Jones - Director


DD & CM Jones Limited (Registered number: 05665255)

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

1. STATUTORY INFORMATION

DD & CM Jones 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

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 20% on reducing balance

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.

DD & CM Jones Limited (Registered number: 05665255)

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

2. ACCOUNTING POLICIES - continued

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 2 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 71,630
AMORTISATION
At 1 April 2023
and 31 March 2024 71,630
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 409,661 850,972 1,260,633
Additions - 23,684 23,684
At 31 March 2024 409,661 874,656 1,284,317
DEPRECIATION
At 1 April 2023 - 427,142 427,142
Charge for year - 35,507 35,507
At 31 March 2024 - 462,649 462,649
NET BOOK VALUE
At 31 March 2024 409,661 412,007 821,668
At 31 March 2023 409,661 423,830 833,491

DD & CM Jones Limited (Registered number: 05665255)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 16,877 40,747
Other debtors 8,510 19,878
25,387 60,625

7. CURRENT ASSET INVESTMENTS
31.3.24 31.3.23
£    £   
Arla investment account 70,069 70,069

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 335,632 365,770
Trade creditors 54,599 77,781
Taxation and social security 2,894 24,293
Other creditors 13,766 4,798
406,891 472,642

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 18,244 33,368