REGISTERED NUMBER: |
JONES WEATHERPROOFING LIMITED |
PREVIOUSLY KNOWN AS |
JONES & WOOLMAN UK LIMITED |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2024 |
REGISTERED NUMBER: |
JONES WEATHERPROOFING LIMITED |
PREVIOUSLY KNOWN AS |
JONES & WOOLMAN UK LIMITED |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2024 |
JONES WEATHERPROOFING LIMITED (REGISTERED NUMBER: 02841080) |
PREVIOUSLY KNOWN AS JONES & WOOLMAN UK LIMITED |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 JULY 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
JONES WEATHERPROOFING LIMITED |
PREVIOUSLY KNOWN AS JONES & WOOLMAN UK LIMITED |
COMPANY INFORMATION |
for the Year Ended 31 JULY 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants |
& Registered Auditors |
College House |
St. Leonards Close |
Bridgnorth |
Shropshire |
WV16 4EJ |
JONES WEATHERPROOFING LIMITED (REGISTERED NUMBER: 02841080) |
PREVIOUSLY KNOWN AS JONES & WOOLMAN UK LIMITED |
BALANCE SHEET |
31 JULY 2024 |
2024 | 2023 |
Notes | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 11 |
Capital redemption reserve | 12 |
Retained earnings | 12 |
SHAREHOLDERS' FUNDS |
The financial statements were approved by the Board of Directors and authorised for issue on |
JONES WEATHERPROOFING LIMITED (REGISTERED NUMBER: 02841080) |
PREVIOUSLY KNOWN AS JONES & WOOLMAN UK LIMITED |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 JULY 2024 |
1. | STATUTORY INFORMATION |
Jones Weatherproofing Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The company's financial statements are individual entity financial statements. |
The company's financial statements are presented in Sterling and all values are rounded to the nearest pound. |
Turnover |
Revenue is recognised when all the following conditions are satisfied: |
- | the company has transferred to the buyer the significant risks and rewards of ownership of the goods; |
- | the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; |
- | the amount of revenue can be measured reliably; |
- | it is probable that the economic benefits associated with the transaction will flow to the entity; and |
- | the costs incurred or to be incurred in respect of the transaction can be measured reliably. |
Revenue is recognised on installation, which marks the point when the risks and rewards of ownership are transferred. |
Tangible fixed assets |
Freehold property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. |
Depreciation is chargeable for a full year in the year of purchase. |
The company has a policy of not capitalising tangible assets with a value of less than £1,000. |
Stocks |
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Cost has been determined by using the First In First Out method and is based on purchase price. |
Work in progress is valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Cost has been determined by using the First In First Out method and is based on purchase price plus attributable labour and overheads based on normal level of activity. |
JONES WEATHERPROOFING LIMITED (REGISTERED NUMBER: 02841080) |
PREVIOUSLY KNOWN AS JONES & WOOLMAN UK LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 JULY 2024 |
2. | ACCOUNTING POLICIES - continued |
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. |
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. |
Foreign currencies |
Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing exchange rate. Exchange differences are taken into account in arriving at the operating result. |
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. |
Fixed asset investments |
Investments in equity shares which are publicly traded or where the fair value can be reliably measured are initially measured at their fair value, with changes in fair value recognised in the statement of comprehensive income. Investments in equity shares where fair value can not be reliably measured are measured at historic cost less impairment. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
JONES WEATHERPROOFING LIMITED (REGISTERED NUMBER: 02841080) |
PREVIOUSLY KNOWN AS JONES & WOOLMAN UK LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 JULY 2024 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | Plant and | and |
property | machinery | fittings |
£ | £ | £ |
COST |
At 1 August 2023 |
Additions |
Disposals |
At 31 July 2024 |
DEPRECIATION |
At 1 August 2023 |
Charge for year |
Eliminated on disposal |
At 31 July 2024 |
NET BOOK VALUE |
At 31 July 2024 |
At 31 July 2023 |
Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1 August 2023 |
Additions |
Disposals | ( |
) | ( |
) |
At 31 July 2024 |
DEPRECIATION |
At 1 August 2023 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 31 July 2024 |
NET BOOK VALUE |
At 31 July 2024 |
At 31 July 2023 |
It is the companies policy to capitalise items with the value above £1,000. |
5. | FIXED ASSET INVESTMENTS |
2024 | 2023 |
£ | £ |
Other investments not loans |
JONES WEATHERPROOFING LIMITED (REGISTERED NUMBER: 02841080) |
PREVIOUSLY KNOWN AS JONES & WOOLMAN UK LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 JULY 2024 |
5. | FIXED ASSET INVESTMENTS - continued |
Additional information is as follows: |
Listed |
investments |
£ |
COST OR VALUATION |
At 1 August 2023 |
Additions |
Disposals | ( |
) |
Fair value adjustment |
At 31 July 2024 |
NET BOOK VALUE |
At 31 July 2024 |
At 31 July 2023 |
Cost or valuation at 31 July 2024 is represented by: |
Listed |
investments |
£ |
Valuation in 2024 | 681,165 |
If fixed asset investments had not been revalued they would have been included at the following historical cost: |
2024 | 2023 |
£ | £ |
Cost | 615,474 | 491,861 |
Investments (neither listed nor unlisted) were as follows: |
2024 | 2023 |
£ | £ |
Cost b/fwd | 7,017 | 19,678 |
Additions | 196,891 | 141,961 |
Disposals | (196,490 | ) | (154,622 | ) |
7,418 | 7,017 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
VAT |
Prepayments |
JONES WEATHERPROOFING LIMITED (REGISTERED NUMBER: 02841080) |
PREVIOUSLY KNOWN AS JONES & WOOLMAN UK LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 JULY 2024 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts (see note 9) |
Trade creditors |
Corporation tax |
Social security and other taxes |
Other creditors |
Directors' current accounts | 82,736 | 78,475 |
Accrued expenses |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans |
Mortgage - 1-2 years | 22,568 | 21,781 |
Bank loans - 2-5 years |
Mortgage - 2-5 years | 50,553 | 71,869 |
Hire purchase contracts (see note 9) |
9. | LEASING AGREEMENTS |
Minimum lease payments fall due as follows: |
Hire purchase contracts |
2024 | 2023 |
£ | £ |
Net obligations repayable: |
Within one year |
Between one and five years |
Non-cancellable | operating leases |
2024 | 2023 |
£ | £ |
Within one year |
Between one and five years |
JONES WEATHERPROOFING LIMITED (REGISTERED NUMBER: 02841080) |
PREVIOUSLY KNOWN AS JONES & WOOLMAN UK LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 JULY 2024 |
10. | SECURED DEBTS |
The following secured debts are included within creditors: |
2024 | 2023 |
£ | £ |
Bank loans |
Hire purchase contracts | 243,425 | 47,500 |
Bank loans are secured against the building for which the mortgage has been agreed. Hire purchase debts are secured against the assets. |
11. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £1 | 180 | 180 |
12. | RESERVES |
Capital |
Retained | redemption |
earnings | reserve | Totals |
£ | £ | £ |
At 1 August 2023 | 1,589,919 |
Profit for the year |
Dividends | ( |
) | ( |
) |
At 31 July 2024 | 1,607,347 |
13. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
14. | FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENT LIABILITIES |
HSBC Bank holds a legal mortgage over the freehold property of the company. |
Midland Bank (HSBC Bank) hold a fixed and floating charge over the undertaking and all property and assets present and future including uncalled capital goodwill, book debts and patents |