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REGISTERED NUMBER: 04188924 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

A J SHONE & SON LIMITED

A J SHONE & SON LIMITED (REGISTERED NUMBER: 04188924)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A J SHONE & SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: M P R Shone
A J Shone
A M Dutton



REGISTERED OFFICE: 16 High Street
Saltney
Chester
Cheshire
CH4 8SE



REGISTERED NUMBER: 04188924 (England and Wales)



ACCOUNTANTS: M. D. Coxey and Co. Limited
Chartered Accountants
25 Grosvenor Road
Wrexham
LL11 1BT



BANKERS: Barclays Bank plc
30, St Werburgh Street
Chester
CH1 2DY

A J SHONE & SON LIMITED (REGISTERED NUMBER: 04188924)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 8,074 3,103
8,074 3,103

CURRENT ASSETS
Stocks 6 2,174 2,253
Debtors 7 57,942 31,160
Cash at bank and in hand 192,744 186,553
252,860 219,966
CREDITORS
Amounts falling due within one year 8 28,420 19,921
NET CURRENT ASSETS 224,440 200,045
TOTAL ASSETS LESS CURRENT
LIABILITIES

232,514

203,148

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 232,414 203,048
SHAREHOLDERS' FUNDS 232,514 203,148

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

A J SHONE & SON LIMITED (REGISTERED NUMBER: 04188924)

BALANCE SHEET - continued
31ST 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 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 24th October 2024 and were signed on its behalf by:





A J Shone - Director


A J SHONE & SON LIMITED (REGISTERED NUMBER: 04188924)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

A J Shone & Son 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of twenty years.

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.

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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


A J SHONE & SON LIMITED (REGISTERED NUMBER: 04188924)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 50,000
AMORTISATION
At 1st April 2023
and 31st March 2024 50,000
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

A J SHONE & SON LIMITED (REGISTERED NUMBER: 04188924)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2023 400 26,990 4,777 32,167
Additions - 5,649 207 5,856
Disposals - (8,000 ) - (8,000 )
At 31st March 2024 400 24,639 4,984 30,023
DEPRECIATION
At 1st April 2023 400 23,887 4,777 29,064
Charge for year - 823 17 840
Eliminated on disposal - (7,955 ) - (7,955 )
At 31st March 2024 400 16,755 4,794 21,949
NET BOOK VALUE
At 31st March 2024 - 7,884 190 8,074
At 31st March 2023 - 3,103 - 3,103

6. STOCKS
31.3.24 31.3.23
£    £   
Stocks 2,000 2,000
Work-in-progress 174 253
2,174 2,253

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 53,693 27,235
Other debtors 3,559 3,250
Prepayments 690 675
57,942 31,160

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 3,364 7,919
Tax 11,986 382
Social security and other taxes 1,485 1,855
Wages control account - (395 )
VAT 9,285 7,927
Other creditors 353 319
Directors' current accounts 162 154
Accruals and deferred income 1,785 1,760
28,420 19,921

A J SHONE & SON LIMITED (REGISTERED NUMBER: 04188924)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Share capital £1 100 100

10. CAPITAL COMMITMENTS
31.3.24 31.3.23
£    £   
Contracted but not provided for in the
financial statements - -

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M P R Shone.