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REGISTERED NUMBER: 04102349 (England and Wales)















JOHNS JONES & LO LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29TH MAY 2024






JOHNS JONES & LO LIMITED (REGISTERED NUMBER: 04102349)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH MAY 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


JOHNS JONES & LO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29TH MAY 2024







DIRECTOR: D Lo





REGISTERED OFFICE: 16 Lambourne Crescent
Cardiff Business Park
Llanishen
Cardiff
CF14 5GF





REGISTERED NUMBER: 04102349 (England and Wales)






JOHNS JONES & LO LIMITED (REGISTERED NUMBER: 04102349)

BALANCE SHEET
29TH MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 317,036 327,237
Tangible assets 5 45,646 12,862
362,682 340,099

CURRENT ASSETS
Work in progress 121,000 194,295
Debtors 6 33,277 28,391
Prepayments and accrued income 20,174 19,514
Cash at bank and in hand 50 145
174,501 242,345
CREDITORS
Amounts falling due within one year 7 463,468 505,302
NET CURRENT LIABILITIES (288,967 ) (262,957 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,715

77,142

CREDITORS
Amounts falling due after more than one
year

8

62,301

111,000
NET ASSETS/(LIABILITIES) 11,414 (33,858 )

CAPITAL AND RESERVES
Called up share capital 6 6
Revaluation reserve 9 50,000 -
Retained earnings (38,592 ) (33,864 )
SHAREHOLDERS' FUNDS 11,414 (33,858 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th May 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.

JOHNS JONES & LO LIMITED (REGISTERED NUMBER: 04102349)

BALANCE SHEET - continued
29TH MAY 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 27th February 2025 and were signed by:





D Lo - Director


JOHNS JONES & LO LIMITED (REGISTERED NUMBER: 04102349)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH MAY 2024

1. STATUTORY INFORMATION

Johns Jones & Lo 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 as modified by the revaluation of certain assets.

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 the business is being amortised evenly over it's estimated useful life of 10 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 each asset over its estimated useful life.

Fixtures and Fittings 25% Straight Line Method
Motor vehicles 20% Reducing Balance Method

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

JOHNS JONES & LO LIMITED (REGISTERED NUMBER: 04102349)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH MAY 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST OR VALUATION
At 30th May 2023 552,014
Revaluations 50,000
At 29th May 2024 602,014
AMORTISATION
At 30th May 2023 224,777
Charge for year 60,201
At 29th May 2024 284,978
NET BOOK VALUE
At 29th May 2024 317,036
At 29th May 2023 327,237

Cost or valuation at 29th May 2024 is represented by:

Goodwill
£   
Valuation in 2017 551,882
Valuation in 2019 (221,882 )
Valuation in 2020 35,512
Valuation in 2021 69,436
Valuation in 2022 130,346
Valuation in 2023 (13,280 )
Valuation in 2024 50,000
602,014

JOHNS JONES & LO LIMITED (REGISTERED NUMBER: 04102349)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH MAY 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 30th May 2023 104,313 31,348 135,661
Additions - 52,862 52,862
Disposals - (34,348 ) (34,348 )
At 29th May 2024 104,313 49,862 154,175
DEPRECIATION
At 30th May 2023 103,872 18,927 122,799
Charge for year 441 4,216 4,657
Eliminated on disposal - (18,927 ) (18,927 )
At 29th May 2024 104,313 4,216 108,529
NET BOOK VALUE
At 29th May 2024 - 45,646 45,646
At 29th May 2023 441 12,421 12,862

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 17,207 6,159
Other debtors 16,070 22,232
33,277 28,391

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 78,850 74,511
Trade creditors 30,818 68,672
Taxation and social security 220,031 225,789
Other creditors 133,769 136,330
463,468 505,302

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 62,301 111,000

JOHNS JONES & LO LIMITED (REGISTERED NUMBER: 04102349)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH MAY 2024

9. RESERVES
Revaluation
reserve
£   
Goodwill Revaluation 50,000

At 29th May 2024 50,000

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 29th May 2024 and the period ended 29th May 2023:

2024 2023
£    £   
D Lo
Balance outstanding at start of year - 205,788
Amounts advanced - 177,373
Amounts repaid - (383,161 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Included in other creditors is an amount of £128,205 (2023 £132,245) in respect of a loan made to the company by Longworth Credit Services Limited.

D. Lo is a director of this company.

Interest has been charged in relation to this loan in these financial statements.

11. ULTIMATE CONTROLLING PARTY

The controlling party is D Lo.