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REGISTERED NUMBER: NI663551 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

JONES GAS SERVICES LIMITED

JONES GAS SERVICES LIMITED (Registered number: NI663551)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


JONES GAS SERVICES LIMITED

Company Information
for the Year Ended 31 August 2024







DIRECTOR: P Jones





REGISTERED OFFICE: 8 Stanfield Row
Belfast
Co. Antrim
BT7 2HA





REGISTERED NUMBER: NI663551 (Northern Ireland)





ACCOUNTANTS: Toman Accountancy Services Ltd
Unit HF 9, Twin Spires Complex
Howard Buildings
155 Northumberland Street
Belfast
Antrim
BT13 2JF

JONES GAS SERVICES LIMITED (Registered number: NI663551)

Statement of Financial Position
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,000 7,200
Tangible assets 5 71,146 74,722
77,146 81,922

CURRENT ASSETS
Debtors 6 159,609 125,818
Cash at bank and in hand 6,301 28,119
165,910 153,937
CREDITORS
Amounts falling due within one year 7 94,788 70,116
NET CURRENT ASSETS 71,122 83,821
TOTAL ASSETS LESS CURRENT
LIABILITIES

148,268

165,743

CREDITORS
Amounts falling due after more than one
year

8

(68,853

)

(75,260

)

PROVISIONS FOR LIABILITIES (13,518 ) (15,570 )
NET ASSETS 65,897 74,913

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 65,896 74,912
SHAREHOLDERS' FUNDS 65,897 74,913

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

JONES GAS SERVICES LIMITED (Registered number: NI663551)

Statement of Financial Position - continued
31 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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 12 August 2025 and were signed by:





P Jones - Director


JONES GAS SERVICES LIMITED (Registered number: NI663551)

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

1. STATUTORY INFORMATION

JONES GAS SERVICES LIMITED is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In preparing these financial statements the director have made the following judgements:

Consider the recoverability of trade debtors and work in progress and the need for impairment provisions. These considerations are undertaken regularly by the director, and especially at the year end date. Factors taken into account include historical experience, current market conditions and knowledge of the sector. Amounts identified as irrecoverable will be provided against in the relevant period.

Consider the depreciation rates on an annual basis to ensure there is sufficient evidence to support these and that the estimates remains reasonable.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten 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.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

JONES GAS SERVICES LIMITED (Registered number: NI663551)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
All financial statements of the company are considered to meet the definition of basic financial instruments.

-Short term debtors and creditors
Debtors and creditors with no stated interest rate and are receivable or payable on demand are recognised at transaction price, and subject to annual impairment reviews. Any losses arising on impairment are recognised in the profit and loss account.

-Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

-Loans and borrowings
All loans and borrowings are initially recorded at the present value of cash payable to the lender in settlement of the liability discounted at the market interest rate. Subsequently loans and borrowings are stated at amortised cost using the effective interest rate method. The computation of amortised cost includes any issues costs, transaction costs and fees, and any discount or premium on settlement, and the effect of this is to amortise these amounts over the expected borrowing period. Loans with no stated interest rate and repayable within one period or on demand are not amortised. Loans and borrowing are classified as current liabilities unless the borrower has an unconditional right to defer settlement of the liability for at least 12 months after the financial period end date.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Holiday pay accrual
A liability is recognised to the extent of any unused holiday pay entitlement which has accrued at the balance sheet date and is available to carry forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 8 ) .

JONES GAS SERVICES LIMITED (Registered number: NI663551)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 12,000
AMORTISATION
At 1 September 2023 4,800
Charge for year 1,200
At 31 August 2024 6,000
NET BOOK VALUE
At 31 August 2024 6,000
At 31 August 2023 7,200

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 115,490 2,093 117,583
Additions 16,395 - 16,395
At 31 August 2024 131,885 2,093 133,978
DEPRECIATION
At 1 September 2023 42,209 652 42,861
Charge for year 19,495 476 19,971
At 31 August 2024 61,704 1,128 62,832
NET BOOK VALUE
At 31 August 2024 70,181 965 71,146
At 31 August 2023 73,281 1,441 74,722

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 40,270 21,015
Other debtors 119,339 104,803
159,609 125,818

JONES GAS SERVICES LIMITED (Registered number: NI663551)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 15,082 5,934
Hire purchase contracts 12,874 13,942
Trade creditors 33,789 9,219
Taxation and social security 25,078 36,940
Other creditors 7,965 4,081
94,788 70,116

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 20,714 30,713
Hire purchase contracts 48,139 44,547
68,853 75,260

9. RELATED PARTY DISCLOSURES

Included in debtors is an amount owing to the company by the director P Jones. This was an advance of £60,000 of which £35,000 was repaid within nine months of the year end. This is included as other debtors. This loan is repayable on demand.