Registered number
07707060
Andrew Jones Direct Limited
Filleted Accounts
30 September 2024
Andrew Jones Direct Limited
Registered number: 07707060
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 61,244 84,886
Current assets
Stocks 12,692 23,258
Debtors 5 468,611 677,480
Cash at bank and in hand 376,853 868,708
858,156 1,569,446
Creditors: amounts falling due within one year 6 (643,311) (718,277)
Net current assets 214,845 851,169
Total assets less current liabilities 276,089 936,055
Provisions for liabilities (13,157) (17,746)
Net assets 262,932 918,309
Capital and reserves
Called up share capital 100 100
Profit and loss account 262,832 918,209
Shareholders' funds 262,932 918,309
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.
Alison Jones
Director
Approved by the board on 24 March 2025
Andrew Jones Direct Limited
Notes to the Accounts
for the year ended 30 September 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. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by using calendar months.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 12 13
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2023 244,887
At 30 September 2024 244,887
Amortisation
At 1 October 2023 244,887
At 30 September 2024 244,887
Net book value
At 30 September 2024 -
Goodwill was written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2023 111,000 170,640 281,640
Additions 8,925 - 8,925
Disposals - (14,358) (14,358)
At 30 September 2024 119,925 156,282 276,207
Depreciation
At 1 October 2023 109,616 87,138 196,754
Charge for the year 3,616 18,183 21,799
On disposals - (3,590) (3,590)
At 30 September 2024 113,232 101,731 214,963
Net book value
At 30 September 2024 6,693 54,551 61,244
At 30 September 2023 1,384 83,502 84,886
5 Debtors 2024 2023
£ £
Trade debtors 357,509 491,552
Other debtors 111,102 185,928
468,611 677,480
Amounts due after more than one year included above 74,000 125,700
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 324,687 390,314
Taxation and social security costs 136,376 133,801
Other creditors 182,248 194,162
643,311 718,277
7 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 18,000 18,000
8 Related party transactions
On the 26th September 2024 the entire issued share capital of the company was sold and it is now an "employee owned" company. To achieve this a new trustee company named B. I Catering Equipment Services Trustees Limited was incorporated and it acts as trustee of the Andrew Jones Direct Limited Employee Trust (EOT). The EOT now owns 100% of the ordinary share capital of Andrew Jones Direct Limited.

The funding for this transaction has and will be achieved through payments directly from the company's reserves to Andrew Jones and Alison Jones who jointly previously owned 100% of the share capital.

The total amount payable is £1,500,000 which is payable over 6 years.

During the year an amount of £745,000 was paid to Andrew and Alison Jones leaving an amount outstanding at the 30th September 2024 of £755,000.

These future payments are not recognised as a liability within the company's accounts.

Andrew and Alison Jones have a fixed and floating charge secured over all the company's property and undertaking for the amount outstanding to them.
9 Controlling party
The company was controlled by Andrew Jones and Alison Jones until 26th September 2024 after which it was controlled by B. I. Catering Equipment Services Trustees Limited.
10 Other information
Andrew Jones Direct Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 4, Bodsey Farm
Bodsey Toll Road
Ramsey
Cambridgeshire
PE26 2XH
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