Company Registration No. 07408507 (England and Wales)
JONES & SINK ASSOCIATES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
TWP Accounting LLP
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
JONES & SINK ASSOCIATES LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
JONES & SINK ASSOCIATES LTD
Company Registration No. 07408507
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
-
0
5,499
Current assets
Stocks
-
4,999
Debtors
4
26,888
21,343
Cash at bank and in hand
8,155
20,425
35,043
46,767
Creditors: amounts falling due within one year
5
(9,695)
(23,065)
Net current assets
25,348
23,702
Net assets
25,348
29,201
Capital and reserves
Called up share capital
6
2
2
Profit and loss reserves
25,346
29,199
Total equity
25,348
29,201

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 24 February 2025
D Sink
Director
JONES & SINK ASSOCIATES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024
- 2 -
1
Accounting policies
Company information

Jones & Sink Associates Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 76 Prairie Road, Addlestone, KT15 2TL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

1.2
Going concern

The company ceased to trade on the 30 April 2024, therefore the financial statements have been prepared on the basis that the company is no longer a going concern.

1.3
Reporting period

The financial statements are presented for an 18month period from 1 November 2022 to 30 April 2024. Therefore the comparatives amounts presented are not entirely comparable.

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for the supply of janitorial goods provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
25% Reducing balance
Motor vehicles
25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.7
Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

JONES & SINK ASSOCIATES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 3 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.9
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
2022
Number
Number
Total
1
1
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2022
18,189
Additions
484
Disposals
(18,673)
At 30 April 2024
-
0
Depreciation and impairment
At 1 November 2022
12,690
Depreciation charged in the period
2,244
Eliminated in respect of disposals
(14,934)
At 30 April 2024
-
0
Carrying amount
At 30 April 2024
-
0
At 31 October 2022
5,499
JONES & SINK ASSOCIATES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 APRIL 2024
- 4 -
4
Debtors
2024
2022
Amounts falling due within one year:
£
£
Trade debtors
14,558
17,160
Other debtors
12,330
4,183
26,888
21,343
5
Creditors: amounts falling due within one year
2024
2022
£
£
Trade creditors
6,691
16,178
Taxation and social security
2,989
6,523
Other creditors
15
364
9,695
23,065
6
Called up share capital
2024
2022
2024
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2
7
Related party transactions

At the balance sheet date the company owed the director. D Sink, £15 (2022 - £364). This loan is interest free and repayable on demand.

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