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REGISTERED NUMBER: 00512570 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 October 2024

for

R L Jones & Sons Limited

R L Jones & Sons Limited (Registered number: 00512570)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


R L Jones & Sons Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: P F Jones
G R Jones
I N Jones





SECRETARY: G R Jones





REGISTERED OFFICE: Richmond Farm
Wiveliscombe
TAUNTON
Somerset
TA4 2AE





REGISTERED NUMBER: 00512570 (England and Wales)





ACCOUNTANTS: A C Mole LLP
Chartered Accountants
Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX

R L Jones & Sons Limited (Registered number: 00512570)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 384,130 389,765

CURRENT ASSETS
Stocks 206,028 153,145
Debtors 5 31,930 55,696
Cash at bank 5,749 316
243,707 209,157
CREDITORS
Amounts falling due within one year 6 512,014 351,177
NET CURRENT LIABILITIES (268,307 ) (142,020 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

115,823

247,745

CREDITORS
Amounts falling due after more than one
year

7

(244,717

)

(395,065

)

PROVISIONS FOR LIABILITIES (12,089 ) (12,089 )
NET LIABILITIES (140,983 ) (159,409 )

CAPITAL AND RESERVES
Called up share capital 7,000 7,000
Retained earnings (147,983 ) (166,409 )
SHAREHOLDERS' FUNDS (140,983 ) (159,409 )

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.

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 21 July 2025 and were signed on its behalf by:





G R Jones - Director


R L Jones & Sons Limited (Registered number: 00512570)

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

1. STATUTORY INFORMATION

R L Jones & Sons 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property - 10% on reducing balance
Buildings - 10% on reducing balance
Improvements to property - 4% on cost
Plant and machinery - 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

R L Jones & Sons Limited (Registered number: 00512570)

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

4. TANGIBLE FIXED ASSETS
Freehold Leasehold
property property Buildings
£    £    £   
COST
At 1 November 2023 225,919 41,932 14,922
Additions - - -
Disposals - - -
At 31 October 2024 225,919 41,932 14,922
DEPRECIATION
At 1 November 2023 82,231 41,518 14,288
Charge for year - 41 63
Eliminated on disposal - - -
At 31 October 2024 82,231 41,559 14,351
NET BOOK VALUE
At 31 October 2024 143,688 373 571
At 31 October 2023 143,688 414 634

Improvements
to Plant and
property machinery Totals
£    £    £   
COST
At 1 November 2023 476,426 389,399 1,148,598
Additions - 22,775 22,775
Disposals - (24,500 ) (24,500 )
At 31 October 2024 476,426 387,674 1,146,873
DEPRECIATION
At 1 November 2023 265,570 355,226 758,833
Charge for year 14,409 13,011 27,524
Eliminated on disposal - (23,614 ) (23,614 )
At 31 October 2024 279,979 344,623 762,743
NET BOOK VALUE
At 31 October 2024 196,447 43,051 384,130
At 31 October 2023 210,856 34,173 389,765

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 23,629 39,251
Other debtors 8,301 16,445
31,930 55,696

R L Jones & Sons Limited (Registered number: 00512570)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 86,487 88,179
Hire purchase contracts 41,170 20,233
Trade creditors 27,761 34,042
Taxation and social security 6,007 2,459
Other creditors 350,589 206,264
512,014 351,177

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 44,974 65,610
Hire purchase contracts 60,505 16,350
Other creditors 139,238 313,105
244,717 395,065