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Registered number: 13616981
Jones And Carvill Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Heelan Associates Ltd
1 The Briars
Waterberry Drive
Waterlooville
Hampshire
PO7 7YH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13616981
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,747 4,879
4,747 4,879
CURRENT ASSETS
Debtors 5 561 693
Cash at bank and in hand 109,919 101,365
110,480 102,058
Creditors: Amounts Falling Due Within One Year 6 (45,288 ) (52,421 )
NET CURRENT ASSETS (LIABILITIES) 65,192 49,637
TOTAL ASSETS LESS CURRENT LIABILITIES 69,939 54,516
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,123 ) (927 )
NET ASSETS 68,816 53,589
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 68,716 53,489
SHAREHOLDERS' FUNDS 68,816 53,589
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For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Luke Jones
Director
28 February 2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Jones And Carvill Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13616981 . The registered office is 1 The Briars, Waterberry Drive, Waterlooville, PO7 7YH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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 comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings over 5 years
Computer Equipment over 3 years
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 October 2023 480 9,194 9,674
Additions - 4,535 4,535
As at 30 September 2024 480 13,729 14,209
Depreciation
As at 1 October 2023 137 4,658 4,795
Provided during the period 96 4,571 4,667
As at 30 September 2024 233 9,229 9,462
Net Book Value
As at 30 September 2024 247 4,500 4,747
As at 1 October 2023 343 4,536 4,879
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 561 693
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 3,782 2,466
Taxation and social security 41,506 49,955
45,288 52,421
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
Included within other creditors is the amount owed of £3,783 (2023: £2,467) owed to the directors. This amount is undated, unsecured, interest free and repayable upon demand. 
9. Controlling Party
The company's controlling party is Mr Luke Jones by virtue of his ownership of 51% of the issued share capital in the company.
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