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REGISTERED NUMBER: OC403120 (England and Wales)












JOSEPH A JONES & CO LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025






JOSEPH A JONES & CO LLP (REGISTERED NUMBER: OC403120)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JOSEPH A JONES & CO LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







Designated members: Mr G F Rycroft
Mrs J Sammons
Mrs O R Egdell-Page



Registered office: 6 Fenton Street
LANCASTER
LA1 1TE



Registered number: OC403120 (England and Wales)



Accountants: Xeinadin
Dalton House
9 Dalton Square
LANCASTER
LA1 1WD



Bankers: National Westminster Bank Plc
De Havilland Way
Lostock
Horwich
BOLTON
BL6 6LB

JOSEPH A JONES & CO LLP (REGISTERED NUMBER: OC403120)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £   
Fixed assets
Tangible assets 4 16,164 20,574

Current assets
Stocks 1,644 1,556
Debtors 5 130,913 112,176
Cash at bank and in hand 144,894 95,750
277,451 209,482
Creditors
Amounts falling due within one year 6 74,183 60,547
Net current assets 203,268 148,935
Total assets less current liabilities
and
Net assets attributable to members 219,432 169,509

Loans and other debts due to members 7 219,432 169,509

Total members' interests
Loans and other debts due to members 7 219,432 169,509

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

JOSEPH A JONES & CO LLP (REGISTERED NUMBER: OC403120)

BALANCE SHEET - continued
31 MARCH 2025


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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 29 May 2025 and were signed by:





Mr G F Rycroft - Designated member

JOSEPH A JONES & CO LLP (REGISTERED NUMBER: OC403120)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. Statutory information

Joseph A Jones & Co LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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 and represents amounts receivable, for services provided in the normal course of the business, net of discounts, rebates, value added tax and other sales tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 20% Reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Costs include costs directly attributable to making the asset capable of operating as intended.

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

Hire purchase and leasing commitments
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 LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. Employee information

The average number of employees during the year was 16 (2024 - 16 ) .

JOSEPH A JONES & CO LLP (REGISTERED NUMBER: OC403120)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 April 2024 61,752
Additions 2,236
At 31 March 2025 63,988
Depreciation
At 1 April 2024 41,178
Charge for year 6,646
At 31 March 2025 47,824
Net book value
At 31 March 2025 16,164
At 31 March 2024 20,574

5. Debtors: amounts falling due within one year
2025 2024
£    £   
Trade debtors 88,113 69,825
Other debtors 42,800 42,351
130,913 112,176

6. Creditors: amounts falling due within one year
2025 2024
£    £   
Trade creditors 4,714 12,278
Taxation and social security 50,697 33,387
Other creditors 18,772 14,882
74,183 60,547

7. Loans and other debts due to members

Loans and other debts due to members are unsecured and would rank pari passu with other unsecured creditors in the event of a winding up.

8. Related party disclosures

During the year, the LLP paid rent on a normal commercial basis to one designated member and one former member of the LLP, in the sum of £22,500 (2024 - £22,500).