Acorah Software Products - Accounts Production 16.0.110 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 00816191 Mr Adam Jenkins Mr David Williams Mr Niki Watts Jamform Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00816191 2023-09-30 00816191 2024-09-30 00816191 2023-10-01 2024-09-30 00816191 frs-core:CurrentFinancialInstruments 2024-09-30 00816191 frs-core:Non-currentFinancialInstruments 2024-09-30 00816191 frs-core:ComputerEquipment 2024-09-30 00816191 frs-core:ComputerEquipment 2023-10-01 2024-09-30 00816191 frs-core:ComputerEquipment 2023-09-30 00816191 frs-core:FurnitureFittings 2024-09-30 00816191 frs-core:FurnitureFittings 2023-10-01 2024-09-30 00816191 frs-core:FurnitureFittings 2023-09-30 00816191 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-09-30 00816191 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00816191 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-30 00816191 frs-core:MotorVehicles 2024-09-30 00816191 frs-core:MotorVehicles 2023-10-01 2024-09-30 00816191 frs-core:MotorVehicles 2023-09-30 00816191 frs-core:PlantMachinery 2024-09-30 00816191 frs-core:PlantMachinery 2023-10-01 2024-09-30 00816191 frs-core:PlantMachinery 2023-09-30 00816191 frs-core:ShareCapital 2024-09-30 00816191 frs-core:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 00816191 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 00816191 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 00816191 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 00816191 frs-bus:SmallEntities 2023-10-01 2024-09-30 00816191 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 00816191 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 00816191 1 2023-10-01 2024-09-30 00816191 frs-core:ListedExchangeTraded 2024-09-30 00816191 frs-core:ListedExchangeTraded 2023-09-30 00816191 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-09-30 00816191 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-09-30 00816191 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-09-30 00816191 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-09-30 00816191 frs-bus:Director1 2023-10-01 2024-09-30 00816191 frs-bus:Director2 2023-10-01 2024-09-30 00816191 frs-bus:Director3 2023-10-01 2024-09-30 00816191 frs-core:CurrentFinancialInstruments 3 2024-09-30 00816191 frs-countries:EnglandWales 2023-10-01 2024-09-30 00816191 2022-09-30 00816191 2023-09-30 00816191 2022-10-01 2023-09-30 00816191 frs-core:CurrentFinancialInstruments 2023-09-30 00816191 frs-core:Non-currentFinancialInstruments 2023-09-30 00816191 frs-core:WithinOneYear 2023-09-30 00816191 frs-core:ShareCapital 2022-09-30 00816191 frs-core:ShareCapital 2023-09-30 00816191 frs-core:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 00816191 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-09-30 00816191 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 00816191 frs-core:CurrentFinancialInstruments 3 2023-09-30 00816191 frs-core:CurrentFinancialInstruments 4 2023-09-30
Registered number: 00816191
D.R. Cecil Jones & Son Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Xeinadin South Wales & West Limited
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—8
Page 1
Balance Sheet
Registered number: 00816191
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 249,089 263,255
Investments 5 600 600
249,689 263,855
CURRENT ASSETS
Stocks 6 91,790 90,345
Debtors 7 765,135 703,855
Cash at bank and in hand 62,880 193,073
919,805 987,273
Creditors: Amounts Falling Due Within One Year 8 (629,568 ) (700,227 )
NET CURRENT ASSETS (LIABILITIES) 290,237 287,046
TOTAL ASSETS LESS CURRENT LIABILITIES 539,926 550,901
Creditors: Amounts Falling Due After More Than One Year 9 (6,631 ) (16,667 )
NET ASSETS 533,295 534,234
CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Profit and Loss Account 532,295 533,234
SHAREHOLDERS' FUNDS 533,295 534,234
Page 1
Page 2
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 Adam Jenkins
Director
Mr David Williams
Director
Mr Niki Watts
Director
05/12/2024
The notes on pages 4 to 8 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 October 2022 1,000 372,498 373,498
Profit for the year and total comprehensive income - 271,746 271,746
Dividends paid - (111,010) (111,010)
As at 30 September 2023 and 1 October 2023 1,000 533,234 534,234
Profit for the year and total comprehensive income - 143,842 143,842
Dividends paid - (144,781) (144,781)
As at 30 September 2024 1,000 532,295 533,295
Page 3
Page 4
Notes to the Financial Statements
1. General Information
D.R. Cecil Jones & Son Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00816191 . The registered office is Celtic House, Caxton Place, Pentwyn, Cardiff, CF23 8HA.
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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:
Freehold No Depreciation
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 33% Straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
Sales, marketing and distribution 17 17
19 19
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 October 2023 244,786 134,896 25,842 50,510
As at 30 September 2024 244,786 134,896 25,842 50,510
Depreciation
As at 1 October 2023 37,354 96,660 15,867 43,178
Provided during the period - 9,559 2,494 1,833
As at 30 September 2024 37,354 106,219 18,361 45,011
...CONTINUED
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Net Book Value
As at 30 September 2024 207,432 28,677 7,481 5,499
As at 1 October 2023 207,432 38,236 9,975 7,332
Computer Equipment Total
£ £
Cost
As at 1 October 2023 1,816 457,850
As at 30 September 2024 1,816 457,850
Depreciation
As at 1 October 2023 1,536 194,595
Provided during the period 280 14,166
As at 30 September 2024 1,816 208,761
Net Book Value
As at 30 September 2024 - 249,089
As at 1 October 2023 280 263,255
5. Investments
Listed
£
Cost
As at 1 October 2023 600
As at 30 September 2024 600
Provision
As at 1 October 2023 -
As at 30 September 2024 -
Net Book Value
As at 30 September 2024 600
As at 1 October 2023 600
The company invested into 50% of the share capital of Lloyd Jones Pharma Ltd (13828575) registered in England and Wales with registered office of 2 Radyr Farm Road, Radyr, Cardiff CF15 8EH and 50% of the share capital of GRH Pharma Ltd (14196408) registered in England and Wales with registered office of Celtic House, Caxton Place, Pentwyn, Cardiff CF23 8HA.The company also owns 50% of the share capital of Watts Reed Limited (11367000) registered in England and Wales with registered office of Celtic House, Caxton Place, Pentwyn, Cardiff CF23 8HA.
6. Stocks
2024 2023
£ £
Stock 91,790 90,345
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Page 7
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 555,427 388,134
VAT 19,308 5,321
Amounts owed by group undertakings 190,400 310,400
765,135 703,855
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 23,172
Trade creditors 375,395 362,880
Bank loans and overdrafts 11,145 11,145
Corporation tax 52,670 74,930
Other taxes and social security 3,167 4,320
NHS advance control 149,695 133,780
Pension contributions creditor 1,863 1,842
Other loans - 17,250
Accrued expenses 3,223 200
Directors' loan accounts 32,410 11,453
Amounts owed to group undertakings - 59,255
629,568 700,227
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 6,631 16,667
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 23,172
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
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12. Related Party Transactions
The Directors
At the year end, the balance owe to the directors is £32,410 (2023: £11,453).
The director shareholders are also director in Treforest Pharmacy Limited, GRH Pharma Limited and Lloyd Jones Pharma Limited. During the year the company conducted trade with all companies on normal commercial terms. At the year end, the balance owed to the company by each company is as follows:
Owed by Treforest Pharmacy Limited £35,000 (2023: £35,000).
Owed by Lloyd Jones Pharma Limited £35,500 (2023: £100,500)
Owed by GRH Pharma Limited £119,900 (2023: £174,900)
During the year, the company received rental income from Treforest Pharmacy Limited totalling £4,850 (2023: £6,250).
Jamform Limited
The company is 66.6% owned by Jamform Limited. During the year, the company paid dividends to them totalling £62,781 (2023: £nil). The balance owed by the company at the year end was £nil (2023: £59,255).
13. Ultimate Controlling Party
The company's controlling party is Jamform Limited as a result of the shareholding.
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