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REGISTERED NUMBER: 03198953 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

JONES HARRIS LIMITED

JONES HARRIS LIMITED (REGISTERED NUMBER: 03198953)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JONES HARRIS LIMITED

COMPANY INFORMATION
for the year ended 30 June 2024







DIRECTORS: C F Bryning
M W Wigley
S J Case
P M Crankshaw





REGISTERED OFFICE: 17 St Peters Place
Fleetwood
Lancashire
FY76EB





REGISTERED NUMBER: 03198953 (England and Wales)





ACCOUNTANTS: Jones Harris Limited
17 St Peters Place
Fleetwood
Lancashire
FY7 6EB

JONES HARRIS LIMITED (REGISTERED NUMBER: 03198953)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 933,110 959,772
Tangible assets 5 53,484 70,640
Investments 6 41,910 46,722
1,028,504 1,077,134

CURRENT ASSETS
Debtors 7 1,993,599 842,620
Cash at bank and in hand 515,635 1,130,998
2,509,234 1,973,618
CREDITORS
Amounts falling due within one year 8 (440,521 ) (517,300 )
NET CURRENT ASSETS 2,068,713 1,456,318
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,097,217

2,533,452

CREDITORS
Amounts falling due after more than one
year

9

-

(98,376

)

PROVISIONS FOR LIABILITIES (13,035 ) (17,251 )
NET ASSETS 3,084,182 2,417,825

CAPITAL AND RESERVES
Called up share capital 800 800
Capital redemption reserve 400 400
Retained earnings 3,082,982 2,416,625
SHAREHOLDERS' FUNDS 3,084,182 2,417,825

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

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

JONES HARRIS LIMITED (REGISTERED NUMBER: 03198953)

BALANCE SHEET - continued
30 June 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 3 March 2025 and were signed on its behalf by:





C F Bryning - Director


JONES HARRIS LIMITED (REGISTERED NUMBER: 03198953)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Jones Harris 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents work done in the year, net of VAT. Where the outcome of a transaction can be reliably estimated, turnover associated with the transaction is recognised in the profit & loss account by reference to the value of the uncompleted work at the balance sheet date, provided that a right to consideration has been obtained through performance.

Unbilled turnover is included in debtors as "Amounts recoverable on contracts".

Goodwill
The company does not comply with FRS 10 as goodwill is not amortised over a fixed time period.

The original value was a function of gross recurring fees introduced on incorporation & as such the directors perform an annual review of the client bank remaining from that point & impair the specific goodwill relating to individual clients as they deem necessary.

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.
Plant and machinery etc - 33% on cost and 10% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

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.


JONES HARRIS LIMITED (REGISTERED NUMBER: 03198953)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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 33 (2023 - 32 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 1,038,632
Impairments (105,522 )
At 30 June 2024 933,110
NET BOOK VALUE
At 30 June 2024 933,110

JONES HARRIS LIMITED (REGISTERED NUMBER: 03198953)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 402,841
Additions 10,765
At 30 June 2024 413,606
DEPRECIATION
At 1 July 2023 332,201
Charge for year 27,921
At 30 June 2024 360,122
NET BOOK VALUE
At 30 June 2024 53,484
At 30 June 2023 70,640

6. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST OR VALUATION
At 1 July 2023
and 30 June 2024 41,910
NET BOOK VALUE
At 30 June 2024 41,910
At 30 June 2023 41,910

Cost or valuation at 30 June 2024 is represented by:

Interest
in
associate
£   
Cost 41,910

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 534,610 358,043
Amount recoverable on
contracts 415,819 408,048
Other debtors 1,043,170 76,529
1,993,599 842,620

JONES HARRIS LIMITED (REGISTERED NUMBER: 03198953)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 53,483
Trade creditors 11,015 7,977
Taxation and social security 393,016 305,756
Other creditors 36,490 150,084
440,521 517,300

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 98,376

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 52,200 52,200
Between one and five years 156,600 261,000
208,800 313,200

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the financial year, the company extended interest-free advances to directors, totalling £210,331 (2023: £145,576). These advances were repaid in full during the year.