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REGISTERED NUMBER: 08999627 (England and Wales)





Jowett Stone Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Jowett Stone Limited (Registered number: 08999627)






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


Jowett Stone Limited

Company Information
for the year ended 31 March 2024







DIRECTOR: T S Jowett





REGISTERED OFFICE: Lower West Scholes Farm Brewery Lane
Queensbury
Bradford
BD13 1NQ





REGISTERED NUMBER: 08999627 (England and Wales)





ACCOUNTANTS: Simon Hart FCCA
Hart Wright Accounting
Chartered Certified Accountants
24 Hall Drive
Sutton In Craven
North Yorkshire
BD20 7NH

Jowett Stone Limited (Registered number: 08999627)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 51,190 1,689
Investment property 5 85,841 85,841
137,031 87,530

CURRENT ASSETS
Stocks 35,000 35,000
Debtors 6 17,935 14,461
Cash at bank and in hand 2,591 16,194
55,526 65,655
CREDITORS
Amounts falling due within one year 7 (93,777 ) (81,312 )
NET CURRENT LIABILITIES (38,251 ) (15,657 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

98,780

71,873

CREDITORS
Amounts falling due after more than one
year

8

(89,654

)

(55,000

)
NET ASSETS 9,126 16,873

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 9,124 16,871
9,126 16,873

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.

Jowett Stone Limited (Registered number: 08999627)

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 4 December 2024 and were signed by:





T S Jowett - Director


Jowett Stone Limited (Registered number: 08999627)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Jowett Stone 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Jowett Stone Limited (Registered number: 08999627)

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 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 35,327
Additions 49,501
At 31 March 2024 84,828
DEPRECIATION
At 1 April 2023
and 31 March 2024 33,638
NET BOOK VALUE
At 31 March 2024 51,190
At 31 March 2023 1,689

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 85,841
NET BOOK VALUE
At 31 March 2024 85,841
At 31 March 2023 85,841

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 17,935 11,652
Other debtors - 2,809
17,935 14,461

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Payments on account 1,714 1,714
Trade creditors 28,796 28,542
Taxation and social security 38,183 20,134
Other creditors 25,084 30,922
93,777 81,312

Jowett Stone Limited (Registered number: 08999627)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 89,654 55,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bounce Back Loan - 29,781

The UK Government have provided a 100% guarantee on the Bounce Back Loan Scheme (BBLS), borrowings obtained from Lloyds Bank in the year.