REGISTERED NUMBER: 00861500 (England and Wales)

JONES MOTORS (LOGIN) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A T Jones

Mrs E A Jones

Mr E H Jones

Mrs H B Murphy-Jones

SECRETARY:

Mrs H B Murphy-Jones

REGISTERED OFFICE:

Isfryn

Login

Whitland

Carmarthenshire

SA34 0UX

REGISTERED NUMBER:

00861500 (England and Wales)

ACCOUNTANTS:

Llewelyn Davies

Chartered Accountants

Yelverton House

St John Street

Whitland

Carmarthenshire

SA34 0AW

FIXED ASSETS

Tangible assets

4

1,085,138

677,527

CURRENT ASSETS

Stocks

15,000

21,000

Debtors

5

52,432

62,392

Cash in hand

424

264

67,856

83,656

CREDITORS

Amounts falling due within one year

6

262,027

170,367

NET CURRENT LIABILITIES

(194,171

)

(86,711

)

TOTAL ASSETS LESS CURRENT LIABILITIES

890,967

590,816

CREDITORS

Amounts falling due after more than one year

7

438,902

94,479

NET ASSETS

452,065

496,337

CAPITAL AND RESERVES

Called up share capital

600

600

Retained earnings

451,465

495,737

SHAREHOLDERS' FUNDS

452,065

496,337

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 March 2025 and were signed on its behalf by:

Mr E H Jones - Director

Mrs H B Murphy-Jones - Director

1.	STATUTORY INFORMATION

Jones Motors (Login) 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 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.

Freehold property - 4% on cost

Plant and machinery - 25% on reducing balance

Motor vehicles - 7.1% on reducing balance

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 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 17 (2023 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

164,987

1,711,362

1,876,349

Additions

-

551,069

551,069

Disposals

-

(317,295

)

(317,295

)

At 31 December 2024

164,987

1,945,136

2,110,123

DEPRECIATION

At 1 January 2024

150,824

1,047,998

1,198,822

Charge for year

1,875

68,491

70,366

Eliminated on disposal

-

(244,203

)

(244,203

)

At 31 December 2024

152,699

872,286

1,024,985

NET BOOK VALUE

At 31 December 2024

12,288

1,072,850

1,085,138

At 31 December 2023

14,163

663,364

677,527

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2024

355,500

Additions

497,551

At 31 December 2024

853,051

DEPRECIATION

At 1 January 2024

118,967

Charge for year

37,504

At 31 December 2024

156,471

NET BOOK VALUE

At 31 December 2024

696,580

At 31 December 2023

236,533

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

2,051

2,378

Other debtors

50,381

60,014

52,432

62,392

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

61,019

35,876

Hire purchase contracts

71,134

45,602

Trade creditors

19,902

18,840

Taxation and social security

6,708

4,877

Other creditors

103,264

65,172

262,027

170,367

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

26,242

31,582

Hire purchase contracts

412,660

52,655

Other creditors

-

10,242

438,902

94,479

2024

2023

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

5,282

11,022

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank overdrafts

55,779

30,736

9.	CONTINGENT LIABILITIES

The company has guaranteed, in the normal course of business, a performance bond issued by National Westminster Bank Plc to The Bonded Coach Holiday Group. This bond secures the performance by the company of certain contracts from which no liabilities are expected to arise other than those provided for in the financial statements.

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.