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JONES PROPS &FX LTD

Registered Number
13747084
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2024

JONES PROPS &FX LTD
Company Information
for the year from 1 December 2023 to 30 November 2024

Directors

JONES, Catherine
JONES, Paul Andrew

Registered Address

The Milking Parlour Hurst Farm
Dairy Lane
Crockham Hill
TN8 6RA

Registered Number

13747084 (England and Wales)
JONES PROPS &FX LTD
Balance Sheet as at
30 November 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets48,5799,819
Tangible assets56,9653,632
15,54413,451
Current assets
Debtors62,4154,595
Cash at bank and on hand10,22430,549
12,63935,144
Creditors amounts falling due within one year7(20,621)(40,423)
Net current assets (liabilities)(7,982)(5,279)
Total assets less current liabilities7,5628,172
Provisions for liabilities8-(569)
Net assets7,5627,603
Capital and reserves
Called up share capital120120
Profit and loss account7,4427,483
Shareholders' funds7,5627,603
The financial statements were approved and authorised for issue by the Board of Directors on 25 April 2025, and are signed on its behalf by:
JONES, Paul Andrew
Director
Registered Company No. 13747084
JONES PROPS &FX LTD
Notes to the Financial Statements
for the year ended 30 November 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Land and buildings25
Plant and machinery25
Fixtures and fittings25
Vehicles25
Office Equipment25
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20242023
Average number of employees during the year22
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Intangible assets

Other

Total

££
Cost or valuation
At 01 December 2312,30012,300
At 30 November 2412,30012,300
Amortisation and impairment
At 01 December 232,4812,481
Charge for year1,2401,240
At 30 November 243,7213,721
Net book value
At 30 November 248,5798,579
At 30 November 239,8199,819
5.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 December 232,1183,0585,176
Additions-4,6854,685
At 30 November 242,1187,7439,861
Depreciation and impairment
At 01 December 239166281,544
Charge for year1,352-1,352
At 30 November 242,2686282,896
Net book value
At 30 November 24(150)7,1156,965
At 30 November 231,2022,4303,632
6.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables2,2204,438
Prepayments and accrued income195157
Total2,4154,595
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables488725
Taxation and social security7,86314,817
Other creditors11,16923,881
Accrued liabilities and deferred income1,1011,000
Total20,62140,423
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)-569
Total-569
9.Share capital
100 of £1 A Odinary shares and 20 of £1 B Ordinary shares, called up and fully paid.