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REGISTERED NUMBER: 07816226 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Skw Jones Limited

Skw Jones Limited (Registered number: 07816226)

Contents of the Financial Statements
for the Year Ended 31 October 2024










Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Skw Jones Limited

Company Information
for the Year Ended 31 October 2024







Directors: Mr S K W Jones
Mr S A W Jones
Mrs M M C Jones
Mrs V J Jones





Registered office: The Stables
Broseley Hall
Church Street
Broseley
Shropshire
TF12 5DG





Registered number: 07816226 (England and Wales)





Accountants: Hughes & Co.
The Stables
Broseley Hall
Church Street
Broseley
Shropshire
TF12 5DG

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Skw Jones Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Skw Jones Limited for the year ended 31 October 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Skw Jones Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Skw Jones Limited and state those matters that we have agreed to state to the Board of Directors of Skw Jones Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Skw Jones Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Skw Jones Limited. You consider that Skw Jones Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Skw Jones Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hughes & Co.
The Stables
Broseley Hall
Church Street
Broseley
Shropshire
TF12 5DG


30 April 2025

Skw Jones Limited (Registered number: 07816226)

Balance Sheet
31 October 2024

2024 2023
Notes £ £ £
Fixed assets
Intangible assets 4 73,150 83,600
Tangible assets 5 523,078 494,208
Investments 6 198 198
596,426 578,006

Current assets
Stocks 358,073 369,045
Debtors 7 229,243 529,088
Cash at bank 385,227 75,782
972,543 973,915
Creditors
Amounts falling due within one year 8 322,205 525,384
Net current assets 650,338 448,531
Total assets less current liabilities 1,246,764 1,026,537

Creditors
Amounts falling due after more than one
year

9

68,713

41,649
Net assets 1,178,051 984,888

Capital and reserves
Called up share capital 10 100 100
Retained earnings 11 1,177,951 984,788
Shareholders' funds 1,178,051 984,888

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Skw Jones Limited (Registered number: 07816226)

Balance Sheet - continued
31 October 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2025 and were signed on its behalf by:





Mr S K W Jones - Director


Skw Jones Limited (Registered number: 07816226)

Notes to the Financial Statements
for the Year Ended 31 October 2024


1. STATUTORY INFORMATION

Skw Jones 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - at variable rates on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Skw Jones Limited (Registered number: 07816226)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
Cost
At 1 November 2023
and 31 October 2024 209,000
Amortisation
At 1 November 2023 125,400
Charge for year 10,450
At 31 October 2024 135,850
Net book value
At 31 October 2024 73,150
At 31 October 2023 83,600

Skw Jones Limited (Registered number: 07816226)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£ £ £ £ £
Cost
At 1 November 2023 97,861 938,980 13,471 35,817 1,086,129
Additions - 177,931 - 4,000 181,931
Disposals - (42,250 ) - - (42,250 )
At 31 October 2024 97,861 1,074,661 13,471 39,817 1,225,810
Depreciation
At 1 November 2023 47,748 509,411 10,589 24,173 591,921
Charge for year 3,009 137,269 600 3,911 144,789
Eliminated on disposal - (33,978 ) - - (33,978 )
At 31 October 2024 50,757 612,702 11,189 28,084 702,732
Net book value
At 31 October 2024 47,104 461,959 2,282 11,733 523,078
At 31 October 2023 50,113 429,569 2,882 11,644 494,208

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£
Cost
At 1 November 2023 312,444
Additions 139,521
At 31 October 2024 451,965
Depreciation
At 1 November 2023 134,171
Charge for year 79,448
At 31 October 2024 213,619
Net book value
At 31 October 2024 238,346
At 31 October 2023 178,273

Skw Jones Limited (Registered number: 07816226)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


6. FIXED ASSET INVESTMENTS
Other
investments
£
Cost
At 1 November 2023
and 31 October 2024 198
Net book value
At 31 October 2024 198
At 31 October 2023 198

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 213,778 450,109
Other debtors 15,465 78,979
229,243 529,088

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Hire purchase contracts 70,774 62,194
Trade creditors 151,772 371,879
Tax 65,959 41,199
Social security and other taxes 2,024 1,141
Other creditors 27,534 34,885
Directors' current accounts 652 10,596
Accruals and deferred income 3,490 3,490
322,205 525,384

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Hire purchase contracts 68,713 41,649

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary Shares 1 100 100

Skw Jones Limited (Registered number: 07816226)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


11. RESERVES
Retained
earnings
£

At 1 November 2023 984,788
Profit for the year 325,604
Dividends (132,441 )
At 31 October 2024 1,177,951

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.