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Registered number: 06395432 J S L JONES LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
J S L JONES LIMITED CONTENTS
| Page
Balance Sheet | 1 - 2
Notes to the Financial Statements | 3 - 11
J S L JONES LIMITED REGISTERED NUMBER: 06395432 BALANCE SHEET AS AT 31 MARCH 2025
|  | 31 March |  | 31 December
|  | 2025 |  | 2023
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 4 |  | - |  | 1,845
Tangible assets | 5 |  | 727,464 |  | 723,731
Biological assets |  |  | 490,567 |  | 570,563
Investments | 6 |  | 118,921 |  | 54,252
|  |  | 1,336,952 |  | 1,350,391
Current assets |  |  |  |  |
Stocks | 7 | 120,517 |  | 131,972 |
Debtors: amounts falling due within one year | 8 | 89,126 |  | 107,303 |
|  | 209,643 |  | 239,275 |
Creditors: amounts falling due within one year | 9 | (320,714) |  | (237,639) |
Net current (liabilities)/assets |  |  | (111,071) |  | 1,636
Total assets less current liabilities |  |  | 1,225,881 |  | 1,352,027
Creditors: amounts falling due after more than one year | 10 |  | (705,958) |  | (671,454)
Provisions for liabilities |  |  |  |  |
Deferred tax | 12 | (59,494) |  | (39,523) |
|  |  | (59,494) |  | (39,523)
Net assets |  |  | 460,429 |  | 641,050
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 200,110 |  | 400,110
Capital redemption reserve |  |  | 200,000 |  | -
Profit and loss account |  |  | 60,319 |  | 240,940
|  |  | 460,429 |  | 641,050
Page 1
J S L JONES LIMITED REGISTERED NUMBER: 06395432 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 August 2025.
Jennifer Kim Jones
Director
The notes on pages 3 to 11 form part of these financial statements. Page 2
J S L JONES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
1. | General information
JSL Jones Limited is a private company limited by shares incorporated in England and Wales. The registered office is Moreton Farm, Gyfelia, Wrexham, United Kingdom. LL13 0YH. This period of accounts covers a period of 15 months. The prior period covers a period of 12 months, so the figures are not comparable. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Turnover from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably. Rendering of services Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably. Page 3
J S L JONES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.3 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.4 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.5 | Borrowing costs
All borrowing costs are recognised in profit or loss in the period in which they are incurred.
| 2.6 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
| 2.7 | Current and deferred taxation
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Page 4
J S L JONES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.8 | Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
| 2.9 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Buildings | - |  | not provided
|  |  |  | Plant and machinery | - | 15% | reducing balance
|  |  |  | Fixtures and fittings | - | 5% | reducing balance
|  |  |  | Computer equipment | - | 25% | reducing balance
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.10 | Valuation of investments
Investments are measured at their reported value.
| 2.11 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 2.12 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. Page 5
J S L JONES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.13 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.14 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
| 2.15 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | Employees
| The average monthly number of employees, including the directors, during the period was as follows:
|  |  | 31 March | 31 December
|  |  | 2025 | 2023
|  |  | No. | No.
|  | Employees | 8 | 9
Page 6
J S L JONES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
4. | Intangible assets
|  | Entitlements
|  | £
| At 1 January 2024 | 1,845
| Disposals | (1,845)
| At 31 March 2025 | -
| Net book value |
| At 31 March 2025 | -
| At 31 December 2023 | 1,845
Page 7
J S L JONES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
5. | Tangible fixed assets
|  | Buildings | Plant and machinery | Fixtures and fittings | Computer equipment | Total
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 1 January 2024 | 196,910 | 896,231 | 484,809 | 3,235 | 1,581,185
| Additions | - | 87,700 | - | - | 87,700
| Disposals | - | (9,500) | - | - | (9,500)
| At 31 March 2025 | 196,910 | 974,431 | 484,809 | 3,235 | 1,659,385
| Depreciation |  |  |  |  |
| At 1 January 2024 | - | 681,778 | 172,727 | 2,950 | 857,455
| Charge for the period | - | 54,872 | 19,505 | 89 | 74,466
| At 31 March 2025 | - | 736,650 | 192,232 | 3,039 | 931,921
| Net book value |  |  |  |  |
| At 31 March 2025 | 196,910 | 237,781 | 292,577 | 196 | 727,464
| At 31 December 2023 | 196,910 | 214,454 | 312,082 | 285 | 723,731
6. | Fixed asset investments
|  | Arla Investment
|  | £
| Cost or valuation |
| At 1 January 2024 | 54,252
| Additions | 64,669
| At 31 March 2025 | 118,921
Page 8
J S L JONES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
7. | Stocks
|  |  |  |  | 31 March | 31 December
|  |  |  |  | 2025 | 2023
|  |  |  |  | £ | £
| Stocks | 120,517 | 131,972
|  | 120,517 | 131,972
8. | Debtors
|  |  |  |  | 31 March | 31 December
|  |  |  |  | 2025 | 2023
|  |  |  |  | £ | £
| Trade debtors | 71,520 | 76,820
| Other debtors | 17,606 | 30,483
|  | 89,126 | 107,303
9. | Creditors: Amounts falling due within one year
|  |  |  |  | 31 March | 31 December
|  |  |  |  | 2025 | 2023
|  |  |  |  | £ | £
| Bank overdrafts | 177,868 | 169,794
| Bank loans | 49,155 | 47,587
| Trade creditors | 67,572 | 20,258
| Corporation tax | 26,119 | -
|  | 320,714 | 237,639
Page 9
J S L JONES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
10. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 31 March | 31 December
|  |  |  |  | 2025 | 2023
|  |  |  |  | £ | £
| Bank loans | 546,005 | 608,762
| Other creditors | 159,953 | 62,692
|  | 705,958 | 671,454
| HSBC PLC have a fixed and floating charge over all of the Company's assets. Included in bank loans is the government backed bounce back loan.
11. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 31 March | 31 December
|  |  |  |  | 2025 | 2023
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 49,155 | 47,587
|  | 49,155 | 47,587
| Amounts falling due after 1 year |  |
| Bank loans | 546,005 | 608,762
|  | 546,005 | 608,762
|  | 595,160 | 656,349
Page 10
J S L JONES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
12. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | (39,523)
| Charged to profit or loss | (19,971)
| At end of year | (59,494)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 31 March | 31 December
|  |  |  |  | 2025 | 2023
|  |  |  |  | £ | £
| Accelerated capital allowances | (59,494) | (39,523)
|  | (59,494) | (39,523)
13. | Reserves
Capital redemption reserve Preference shares to the value of £200,000 have been redeemed at the year end.
Page 11