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REGISTERED NUMBER: 04933699 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 November 2024

for

G S Jones & Sons Limited

G S Jones & Sons Limited (Registered number: 04933699)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


G S Jones & Sons Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: G S Jones
J G Jones
Mrs K M Jones
S M Jones
S R Jones





SECRETARY: S M Jones





REGISTERED OFFICE: Dell House
High Street
Washingborough
Lincoln
LN4 1BG





REGISTERED NUMBER: 04933699 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

G S Jones & Sons Limited (Registered number: 04933699)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 110,817 87,337

CURRENT ASSETS
Stocks 15,000 150,000
Debtors 5 154,235 81,687
Cash at bank 38,877 28,794
208,112 260,481
CREDITORS
Amounts falling due within one year 6 228,626 224,025
NET CURRENT (LIABILITIES)/ASSETS (20,514 ) 36,456
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,303

123,793

CREDITORS
Amounts falling due after more than one
year

7

(64,393

)

(38,272

)

PROVISIONS FOR LIABILITIES (3,223 ) (7,255 )
NET ASSETS 22,687 78,266

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 12,687 68,266
22,687 78,266

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 28 August 2025 and were signed on its behalf by:





S M Jones - Director


G S Jones & Sons Limited (Registered number: 04933699)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

G S 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.

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.

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

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet 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 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.

G S Jones & Sons Limited (Registered number: 04933699)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2023 107,466 111,914 484 219,864
Additions - 55,027 - 55,027
At 30 November 2024 107,466 166,941 484 274,891
DEPRECIATION
At 1 December 2023 61,452 70,656 419 132,527
Charge for year 8,620 22,906 21 31,547
At 30 November 2024 70,072 93,562 440 164,074
NET BOOK VALUE
At 30 November 2024 37,394 73,379 44 110,817
At 30 November 2023 46,014 41,258 65 87,337

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 146,242 70,249
Amounts owed by group undertakings 206 55
Other debtors 7,787 11,383
154,235 81,687

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 20,289 13,954
Trade creditors 63,855 88,655
Taxation and social security 33,038 13,254
Other creditors 111,444 108,162
228,626 224,025

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 64,393 38,272