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REGISTERED NUMBER: 02841080 (England and Wales)















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: Mr D L Jones
Mr S Jones
Mr N Boylan
Mr M W Jones





SECRETARY: Miss W K Jones





REGISTERED OFFICE: Croxstalls Road
Bloxwich
Walsall
West Midlands
WS3 2XU





REGISTERED NUMBER: 02841080 (England and Wales)





AUDITORS: Wallace Crooke
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 4 617,758 431,801
Investments 5 688,583 505,429
1,306,341 937,230

CURRENT ASSETS
Stocks 40,398 45,610
Debtors 6 1,033,524 741,978
Cash at bank and in hand 520,468 787,564
1,594,390 1,575,152
CREDITORS
Amounts falling due within one year 7 969,570 730,616
NET CURRENT ASSETS 624,820 844,536
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,931,161

1,781,766

CREDITORS
Amounts falling due after more than one
year

8

(306,115

)

(191,667

)

PROVISIONS FOR LIABILITIES (17,519 ) -
NET ASSETS 1,607,527 1,590,099

CAPITAL AND RESERVES
Called up share capital 11 180 180
Capital redemption reserve 12 45 45
Retained earnings 12 1,607,302 1,589,874
SHAREHOLDERS' FUNDS 1,607,527 1,590,099

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2024 and were signed on its behalf by:





Mr D L Jones - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 20% on cost

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 41 (2023 - 46 ) .

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 334,051 27,951 84,955
Additions - - -
Disposals - - -
At 31 July 2024 334,051 27,951 84,955
DEPRECIATION
At 1 August 2023 33,420 17,014 60,689
Charge for year 6,684 1,641 3,639
Eliminated on disposal - - -
At 31 July 2024 40,104 18,655 64,328
NET BOOK VALUE
At 31 July 2024 293,947 9,296 20,627
At 31 July 2023 300,631 10,937 24,266

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023 214,085 15,000 676,042
Additions 342,718 - 342,718
Disposals (81,292 ) - (81,292 )
At 31 July 2024 475,511 15,000 937,468
DEPRECIATION
At 1 August 2023 118,118 15,000 244,241
Charge for year 104,882 - 116,846
Eliminated on disposal (41,377 ) - (41,377 )
At 31 July 2024 181,623 15,000 319,710
NET BOOK VALUE
At 31 July 2024 293,888 - 617,758
At 31 July 2023 95,967 - 431,801

It is the companies policy to capitalise items with the value above £1,000.

5. FIXED ASSET INVESTMENTS

2024 2023
£    £   
Other investments not loans 688,583 505,429

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 498,412
Additions 179,224
Disposals (55,610 )
Fair value adjustment 59,139
At 31 July 2024 681,165
NET BOOK VALUE
At 31 July 2024 681,165
At 31 July 2023 498,412

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 958,225 654,760
Other debtors 423 20,541
VAT 72,622 56,456
Prepayments 2,254 10,221
1,033,524 741,978

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 53,195 51,176
Hire purchase contracts (see note 9) 34,017 4,328
Trade creditors 496,736 317,836
Corporation tax 28,058 119,082
Social security and other taxes 55,189 37,310
Other creditors 37,625 34,347
Directors' current accounts 82,736 78,475
Accrued expenses 182,014 88,062
969,570 730,616

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 23,586 31,414
Mortgage - 1-2 years 22,568 21,781
Bank loans - 2-5 years - 23,431
Mortgage - 2-5 years 50,553 71,869
Hire purchase contracts (see note 9) 209,408 43,172
306,115 191,667

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 34,017 4,328
Between one and five years 209,408 43,172
243,425 47,500

Non-cancellable operating leases
2024 2023
£    £   
Within one year 30,337 49,066
Between one and five years 54,372 46,444
84,709 95,510

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 149,902 199,671
Hire purchase contracts 243,425 47,500
393,327 247,171

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: £    £   
180 Ordinary £1 180 180

12. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 August 2023 1,589,874 45 1,589,919
Profit for the year 196,480 196,480
Dividends (179,052 ) (179,052 )
At 31 July 2024 1,607,302 45 1,607,347

13. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Martin Jones FCA (Senior Statutory Auditor)
for and on behalf of Wallace Crooke

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