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Registration number: 10881830

Eric Jones Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Eric Jones Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Eric Jones Limited

Company Information

Director

Ms Ceri Allen

Registered office

42a Walnut Road
Torquay
Devon
TQ2 6HS

Accountants

Neil Wilson & Co Chartered Accountants Bank Chambers
260-262 Union Street
Torquay
Devon
TQ2 5QU

 

Eric Jones Limited

(Registration number: 10881830)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

1,505

18

Cash at bank and in hand

 

458

14,886

 

1,963

14,904

Creditors: Amounts falling due within one year

5

(4,769)

(16,604)

Net liabilities

 

(2,806)

(1,700)

Capital and reserves

 

Called up share capital

6

2

2

Retained earnings

(2,808)

(1,702)

Shareholders' deficit

 

(2,806)

(1,700)

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 3 April 2025
 

.........................................
Ms Ceri Allen
Director

 

Eric Jones Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
42a Walnut Road
Torquay
Devon
TQ2 6HS

These financial statements were authorised for issue by the director on 3 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Eric Jones Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

Eric Jones Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Debtors

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

150

1,020

Other creditors

4,619

15,584

4,769

16,604

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

       

7

Dividends

8

Related party transactions

Transactions with the director

2024

At 1 August 2023
£

Advances to director
£

At 31 July 2024
£

Mr Robert Jones

Mr Robert Jones

(15,584)

10,965

(4,619)

2023

At 1 August 2022
£

Advances to director
£

At 31 July 2023
£

Mr Robert Jones

Mr Robert Jones

(16,159)

575

(15,584)

Dividends paid to the director

 

Eric Jones Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

2024
£

2023
£

Mr Robert Jones

-

-

 

 

Ms Ceri Allen

-

-