IRIS Accounts Production v25.1.4.42 01270826 Board of Directors 1.11.23 31.10.24 31.10.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh012708262023-10-31012708262024-10-31012708262023-11-012024-10-31012708262022-10-31012708262022-11-012023-10-31012708262023-10-3101270826ns15:EnglandWales2023-11-012024-10-3101270826ns14:PoundSterling2023-11-012024-10-3101270826ns10:Director12023-11-012024-10-3101270826ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3101270826ns10:SmallEntities2023-11-012024-10-3101270826ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3101270826ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3101270826ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3101270826ns10:FullAccounts2023-11-012024-10-3101270826ns10:Director22023-11-012024-10-3101270826ns10:Director32023-11-012024-10-3101270826ns10:CompanySecretary12023-11-012024-10-3101270826ns10:RegisteredOffice2023-11-012024-10-3101270826ns5:CurrentFinancialInstruments2024-10-3101270826ns5:CurrentFinancialInstruments2023-10-3101270826ns5:ShareCapital2024-10-3101270826ns5:ShareCapital2023-10-3101270826ns5:RetainedEarningsAccumulatedLosses2024-10-3101270826ns5:RetainedEarningsAccumulatedLosses2023-10-3101270826ns5:PlantMachinery2023-11-012024-10-3101270826ns5:PlantMachinery2023-10-3101270826ns5:PlantMachinery2024-10-3101270826ns5:PlantMachinery2023-10-3101270826ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3101270826ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-31
REGISTERED NUMBER: 01270826 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Jones Automobile Engineers
(Wiveliscombe) Limited

Jones Automobile Engineers
(Wiveliscombe) Limited (Registered number: 01270826)






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


Jones Automobile Engineers
(Wiveliscombe) Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: P F Jones
G R Jones
I N Jones



SECRETARY: P F Jones



REGISTERED OFFICE: 17 West Street
Wiveliscombe
Taunton
Somerset
TA4 2JR



REGISTERED NUMBER: 01270826 (England and Wales)



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



BANKERS: National Westminster Bank Plc
49 North Street
Taunton
Somerset
TA1 1NB

Jones Automobile Engineers
(Wiveliscombe) Limited (Registered number: 01270826)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,153 21,689

CURRENT ASSETS
Stocks 48,349 84,595
Debtors 5 207,229 48,142
Cash at bank and in hand 150,710 259,526
406,288 392,263
CREDITORS
Amounts falling due within one year 6 72,003 112,924
NET CURRENT ASSETS 334,285 279,339
TOTAL ASSETS LESS CURRENT
LIABILITIES

355,438

301,028

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 355,338 300,928
SHAREHOLDERS' FUNDS 355,438 301,028

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


Jones Automobile Engineers
(Wiveliscombe) Limited (Registered number: 01270826)

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

1. STATUTORY INFORMATION

Jones Automobile Engineers (Wiveliscombe) 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 represents net invoiced sale of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 15% on reducing balance and 10% on cost

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.

Stock
Stock has been valued at the lower of cost and net realisable value. Cost represents purchase price, whilst net realisable value comprises estimated selling price less any costs incurred in selling.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 73,093
Additions 1,067
At 31 October 2024 74,160
DEPRECIATION
At 1 November 2023 51,404
Charge for year 1,603
At 31 October 2024 53,007
NET BOOK VALUE
At 31 October 2024 21,153
At 31 October 2023 21,689

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 19,339 22,520
Other debtors 187,890 25,622
207,229 48,142

Jones Automobile Engineers
(Wiveliscombe) Limited (Registered number: 01270826)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 18,805 66,809
Taxation and social security 51,572 40,876
Other creditors 1,626 5,239
72,003 112,924