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REGISTERED NUMBER: 00688029 (England and Wales)















J. JONES AND SON (DAIRIES) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2024






J. JONES AND SON (DAIRIES) LIMITED (REGISTERED NUMBER: 00688029)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


J. JONES AND SON (DAIRIES) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2024







DIRECTOR: Mr C Jones





REGISTERED OFFICE: Dock View Road
Barry
Vale of Glamorgan
CF63 4JP





REGISTERED NUMBER: 00688029 (England and Wales)





ACCOUNTANTS: Carston ETL
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

J. JONES AND SON (DAIRIES) LIMITED (REGISTERED NUMBER: 00688029)

STATEMENT OF FINANCIAL POSITION
31ST AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 1,937 2,567
Investments 6 1 1
1,939 2,569

CURRENT ASSETS
Stocks 1,020 1,100
Debtors 7 102,361 91,793
Cash at bank and in hand 1,018 29,559
104,399 122,452
CREDITORS
Amounts falling due within one year 8 167,321 146,006
NET CURRENT LIABILITIES (62,922 ) (23,554 )
TOTAL ASSETS LESS CURRENT LIABILITIES (60,983 ) (20,985 )

CREDITORS
Amounts falling due after more than one year 9 39,512 62,781
NET LIABILITIES (100,495 ) (83,766 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (100,595 ) (83,866 )
SHAREHOLDERS' FUNDS (100,495 ) (83,766 )

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

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

The director acknowledges his 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.

J. JONES AND SON (DAIRIES) LIMITED (REGISTERED NUMBER: 00688029)

STATEMENT OF FINANCIAL POSITION - continued
31ST AUGUST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5th August 2025 and were signed by:





Mr C Jones - Director


J. JONES AND SON (DAIRIES) LIMITED (REGISTERED NUMBER: 00688029)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024


1. STATUTORY INFORMATION

J. Jones And Son (Dairies) 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.

Although the company has an excess of liabilities over assets, the director considers it appropriate to continue to prepare the accounts on the basis of a going concern. This is due to ongoing profitable trading which is generating positive cash flow and the reduction of third party liabilities. The director is confident that the trading performance subsequent to the year end is such the company's trade remains profitable and with ongoing reduction of third party liabilities.

Turnover
Turnover comprises retail sales exclusive of VAT arising from the principal activity of the company.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1988, 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.
Long leasehold - over the duration of the lease
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 33.33% straight line on cost
Computer equipment - 33.33% straight line on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 Statement of Income and Retained Earnings, 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 statement of financial position date.

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 15 (2023 - 15 ) .

J. JONES AND SON (DAIRIES) LIMITED (REGISTERED NUMBER: 00688029)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st September 2023
and 31st August 2024 131,350
AMORTISATION
At 1st September 2023
and 31st August 2024 131,349
NET BOOK VALUE
At 31st August 2024 1
At 31st August 2023 1

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1st September 2023
and 31st August 2024 29,434 19,229 14,658
DEPRECIATION
At 1st September 2023 29,433 19,217 14,642
Charge for year - - -
At 31st August 2024 29,433 19,217 14,642
NET BOOK VALUE
At 31st August 2024 1 12 16
At 31st August 2023 1 12 16

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st September 2023
and 31st August 2024 47,049 15,361 125,731
DEPRECIATION
At 1st September 2023 45,395 14,477 123,164
Charge for year - 630 630
At 31st August 2024 45,395 15,107 123,794
NET BOOK VALUE
At 31st August 2024 1,654 254 1,937
At 31st August 2023 1,654 884 2,567

J. JONES AND SON (DAIRIES) LIMITED (REGISTERED NUMBER: 00688029)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st September 2023
and 31st August 2024 1
NET BOOK VALUE
At 31st August 2024 1
At 31st August 2023 1

Investments comprise the whole of the issued share capital of C & G Properties (Barry) Limited, a company incorporated in England & Wales. The net asset value of the subsidiary is considered to be in excess of the cost of the investment.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 31,919 17,419
Amounts owed by subsidiary 61,729 65,929
Other debtors 8,713 8,445
102,361 91,793

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 31,722 15,445
Trade creditors 66,235 51,012
Taxation and social security 2,758 15,028
Other creditors 66,606 64,521
167,321 146,006

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 39,512 62,781

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Between one and five years 15,350 15,350

11. RELATED PARTY DISCLOSURES

The aggregate amount due to the company's pension scheme is £26,929 (2023 £26,929). The aggregate loan was repayable in equal instalments over 5 years with interest payable at normal commercial rates.