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REGISTERED NUMBER: 02336550 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 May 2024

for

JONES KING PARTNERSHIP LIMITED

JONES KING PARTNERSHIP LIMITED (REGISTERED NUMBER: 02336550)






Contents of the Financial Statements
for the year ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JONES KING PARTNERSHIP LIMITED

Company Information
for the year ended 31 May 2024







DIRECTORS: P J Arnel
P J Hibbert





REGISTERED OFFICE: Eden Office Park
78 Macrae Road
Ham Green
Bristol
BS20 0DD





REGISTERED NUMBER: 02336550 (England and Wales)





ACCOUNTANTS: Mitchell Glanville (Bristol) Limited
c/o MGB Accountants - Suite 22
Trym Lodge, 1 Henbury Road
Westbury-on-Trym
Bristol
BS9 3HQ

JONES KING PARTNERSHIP LIMITED (REGISTERED NUMBER: 02336550)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 61,455 77,966

CURRENT ASSETS
Debtors 5 1,559,353 1,559,626
Cash at bank 29,124 138,875
1,588,477 1,698,501
CREDITORS
Amounts falling due within one year 6 122,828 151,774
NET CURRENT ASSETS 1,465,649 1,546,727
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,527,104

1,624,693

CREDITORS
Amounts falling due after more than one year 7 122,696 157,862
NET ASSETS 1,404,408 1,466,831

CAPITAL AND RESERVES
Called up share capital 6,000 6,000
Retained earnings 1,398,408 1,460,831
1,404,408 1,466,831

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

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

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 28 February 2025 and were signed on its behalf by:





P J Arnel - Director


JONES KING PARTNERSHIP LIMITED (REGISTERED NUMBER: 02336550)

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

1. STATUTORY INFORMATION

Jones King Partnership 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.
Plant and machinery etc - 20% on cost

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.

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 10 (2023 - 12 ) .

JONES KING PARTNERSHIP LIMITED (REGISTERED NUMBER: 02336550)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 120,290
DEPRECIATION
At 1 June 2023 42,324
Charge for year 16,511
At 31 May 2024 58,835
NET BOOK VALUE
At 31 May 2024 61,455
At 31 May 2023 77,966

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 143,642 144,650
Amounts owed by group undertakings 1,392,844 1,414,976
Other debtors 22,867 -
1,559,353 1,559,626

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 24,359 35,745
Hire purchase contracts 8,847 8,847
Trade creditors 12 12
Taxation and social security 88,561 100,300
Other creditors 1,049 6,870
122,828 151,774

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 71,926 98,244
Hire purchase contracts 50,770 59,618
122,696 157,862

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 96,285 133,989

The bank loans are secured by a personal guarantee by the directors.