Registered number
12689914
JONES BELGRAVIA LTD
Unaudited Filleted Accounts
30 June 2024
JONES BELGRAVIA LTD
Registered number: 12689914
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 80,480 106,543
Current assets
Stocks 27,764 28,564
Debtors 4 148,694 141,735
Cash at bank and in hand 359,894 396,898
536,352 567,197
Creditors: amounts falling due within one year 5 (494,934) (567,463)
Net current assets/(liabilities) 41,418 (266)
Total assets less current liabilities 121,898 106,277
Creditors: amounts falling due after more than one year 6 (278,345) (278,345)
Provisions for liabilities (20,120) (26,636)
Net liabilities (176,567) (198,704)
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (177,567) (199,704)
Shareholders' funds (176,567) (198,704)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Watts
Director
Approved by the board on 21 March 2025
JONES BELGRAVIA LTD
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings and equipment over 5 years
Computer equipment over 3 years
Stocks
Stocks are measured at the lower of cost and net realisable value. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 35 35
3 Tangible fixed assets
Fixtures, fittings and equipment
£
Cost
At 1 July 2023 180,973
Additions 12,209
Disposals (400)
At 30 June 2024 192,782
Depreciation
At 1 July 2023 74,430
Charge for the year 37,885
On disposals (13)
At 30 June 2024 112,302
Net book value
At 30 June 2024 80,480
At 30 June 2023 106,543
4 Debtors 2024 2023
£ £
Other debtors 148,694 141,735
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 157,292 220,225
Taxation and social security costs 113,143 99,735
Other creditors 224,499 247,503
494,934 567,463
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 278,345 278,345
7 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 542,500 697,500
8 Related party transactions
At 30 June 2024, the company owed £278,345 to Mrs A Watts, the majority shareholder. Interest has been accrued on the loan, but not paid. There are no fixed repayment terms, although Mrs A Watts has agreed not to call on the loan for a minimum of 12 months from the balance sheet date.
9 Other information
JONES BELGRAVIA LTD is a private company limited by shares and incorporated in England. Its registered office is:
Darnaford House
Longdown
Exeter
Devon
EX6 7BB
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