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REGISTERED NUMBER: 07587652 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th April 2024

for

J O Jones Cyf

J O Jones Cyf (Registered number: 07587652)






Contents of the Financial Statements
for the Year Ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J O Jones Cyf

Company Information
for the Year Ended 30th April 2024







DIRECTORS: Mr J O Jones
Mr G P Jones





REGISTERED OFFICE: St. Davids Building
Lombard Street
Porthmadog
Gwynedd
LL49 9AP





REGISTERED NUMBER: 07587652 (England and Wales)





ACCOUNTANTS: Dunn & Ellis Cyf
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP

J O Jones Cyf (Registered number: 07587652)

Balance Sheet
30th April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,325,273 1,160,579
Investments 5 10,119 -
1,335,392 1,160,579

CURRENT ASSETS
Stocks 541,912 505,251
Debtors 6 119,929 122,876
Cash at bank - 25,992
661,841 654,119
CREDITORS
Amounts falling due within one year 7 993,700 777,350
NET CURRENT LIABILITIES (331,859 ) (123,231 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,003,533

1,037,348

CREDITORS
Amounts falling due after more than one
year

8

(570,931

)

(602,138

)

PROVISIONS FOR LIABILITIES (113,509 ) (104,512 )
NET ASSETS 319,093 330,698

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 318,993 330,598
SHAREHOLDERS' FUNDS 319,093 330,698

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

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

J O Jones Cyf (Registered number: 07587652)

Balance Sheet - continued
30th April 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 13th January 2025 and were signed on its behalf by:





Mr J O Jones - Director


J O Jones Cyf (Registered number: 07587652)

Notes to the Financial Statements
for the Year Ended 30th April 2024

1. STATUTORY INFORMATION

J O Jones Cyf 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.
Land and buildings - 2% on cost
Plant and machinery etc - 20% on reducing balance and 2% on cost

Fixed assets are stated at their cost prices, less accumulated depreciation and less amounts recognised in respect of impairment.

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

Biological assets, living plants and animals are included at the lower of cost and estimated selling price less cost to sell.

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.

J O Jones Cyf (Registered number: 07587652)

Notes to the Financial Statements - continued
for the Year Ended 30th April 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 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st May 2023 673,927 1,051,392 1,725,319
Additions 115,877 214,358 330,235
Disposals - (221,611 ) (221,611 )
At 30th April 2024 789,804 1,044,139 1,833,943
DEPRECIATION
At 1st May 2023 25,727 539,013 564,740
Charge for year 8,440 124,551 132,991
Eliminated on disposal - (189,061 ) (189,061 )
At 30th April 2024 34,167 474,503 508,670
NET BOOK VALUE
At 30th April 2024 755,637 569,636 1,325,273
At 30th April 2023 648,200 512,379 1,160,579

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 10,119
At 30th April 2024 10,119
NET BOOK VALUE
At 30th April 2024 10,119

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 79,614 82,984
Other debtors 40,315 39,892
119,929 122,876

J O Jones Cyf (Registered number: 07587652)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 200,424 66,136
Hire purchase contracts 29,497 23,910
Trade creditors 99,764 46,354
Taxation and social security - 6,375
Other creditors 664,015 634,575
993,700 777,350

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 499,661 544,471
Hire purchase contracts 55,455 43,552
Other creditors 15,815 14,115
570,931 602,138

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 262,822 301,598

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank overdraft 133,304 -
Bank loans 566,781 610,607
700,085 610,607

The following charges have been registered on the company's record at Companies House:

HSBC Bank plc

1. 16 November 2011 - All monies due from the company to HSBC bank plc on any account whatsoever
2. 12 October 2016 - Coeden, Mynydd Mechell, Amlwch

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors loan accounts were in credit throughout the year.