REGISTERED NUMBER: 08151434 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Jondo UK Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J Doe

Mr T M Sanders

REGISTERED OFFICE:

Unit 9 Springlakes Estate

Aldershot

GU124UH

REGISTERED NUMBER:

08151434 (England and Wales)

AUDITORS:

WP Audit Limited

Statutory Auditors

TOR

Saint-Cloud Way

Maidenhead

Berkshire

SL6 8BN

FIXED ASSETS

Intangible assets

4

91,762

81,799

Tangible assets

5

1,364,949

822,046

Investments

6

6,568

-

1,463,279

903,845

CURRENT ASSETS

Stocks

7

408,789

540,399

Debtors

8

1,569,940

804,034

Cash at bank

26,921

1,152,110

2,005,650

2,496,543

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

9

(830,523

)

(1,117,442

)

NET CURRENT ASSETS

1,175,127

1,379,101

TOTAL ASSETS LESS CURRENT LIABILITIES

2,638,406

2,282,946

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

10

(126,738

)

-

PROVISIONS FOR LIABILITIES

(367,168

)

(224,937

)

NET ASSETS

2,144,500

2,058,009

CAPITAL AND RESERVES

Called up share capital

55,556

55,556

Share premium

5,222

5,222

Retained earnings

2,083,722

1,997,231

SHAREHOLDERS' FUNDS

2,144,500

2,058,009

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 25 September 2025 and were signed on its behalf by:

Mr T M Sanders - Director

1.	STATUTORY INFORMATION

Jondo UK 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The directors have included a dilapidation provision within the financial statements. This is based on an estimate by the directors to cover the cost of potential spend to restore the premises to their original condition in accordance with the lease.

Turnover

Revenue is recognised to the extend that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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

Revenue 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.

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.

Development costs are being amortised evenly over their estimated useful life of three years.

Computer software costs are being amortised evenly over their estimated useful life of three years.

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

- 20% on reducing balance & 12.5% on reducing balance

Fixtures and fittings

- 10% on reducing balance

Motor vehicles

- 33% on reducing balance

Leasehold Improvement

- Straight line over 5 years

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Financial instruments

Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and loss.

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 25 (2023 - 23 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

173,531

Additions

45,807

At 31 December 2024

219,338

AMORTISATION

At 1 January 2024

91,732

Charge for year

35,844

At 31 December 2024

127,576

NET BOOK VALUE

At 31 December 2024

91,762

At 31 December 2023

81,799

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

18,225

2,021,865

219,392

16,650

2,276,132

Additions

-

770,721

-

-

770,721

Disposals

-

(35,005

)

-

-

(35,005

)

At 31 December 2024

18,225

2,757,581

219,392

16,650

3,011,848

DEPRECIATION

At 1 January 2024

17,809

1,319,301

100,326

16,650

1,454,086

Charge for year

416

200,639

22,692

-

223,747

Eliminated on disposal

-

(30,934

)

-

-

(30,934

)

At 31 December 2024

18,225

1,489,006

123,018

16,650

1,646,899

NET BOOK VALUE

At 31 December 2024

-

1,268,575

96,374

-

1,364,949

At 31 December 2023

416

702,564

119,066

-

822,046

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

Plant and

machinery

£

COST

At 1 January 2024

281,535

Additions

182,540

At 31 December 2024

464,075

DEPRECIATION

At 1 January 2024

152,780

Charge for year

16,094

At 31 December 2024

168,874

NET BOOK VALUE

At 31 December 2024

295,201

At 31 December 2023

128,755

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

Additions

6,568

At 31 December 2024

6,568

NET BOOK VALUE

At 31 December 2024

6,568

7.

STOCKS

31.12.24

31.12.23

£

£

Stocks

408,789

540,399

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

1,224,477

755,003

Other debtors

238,027

-

Tax

41,604

-

Prepayments

65,832

49,031

1,569,940

804,034

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts (see note 11)

32,953

32,071

Trade creditors

574,600

729,651

Tax

-

41,604

Social security and other taxes

25,478

19,979

VAT

169,250

197,188

Other creditors

862

862

Accruals and deferred income

27,380

96,087

830,523

1,117,442

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts (see note 11)

126,738

-

11.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.12.24

31.12.23

£

£

Net obligations repayable:

Within one year

32,953

32,071

Between one and five years

126,738

-

159,691

32,071

Non-cancellable

operating leases

31.12.24

31.12.23

£

£

Within one year

60,000

120,000

Between one and five years

-

60,000

60,000

180,000

12.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Hire purchase contracts

159,691

32,071

13.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Philippa Duckworth BSc FCCA (Senior Statutory Auditor)

for and on behalf of WP Audit Limited

14.	RELATED PARTY DISCLOSURES

During the year, the company made purchases totalling £2,925 (2023: £108,615) and sales amounting to £20,734 (2023: £nil) with Sandhurst Autoprint Limited and at the year end the company owed Sandhurst Autoprint Limited £15,050 (2023: £22,980). Sandhurst Autoprint Limited is owned by T Sanders, a director and shareholder of Jondo UK Limited.

During the year purchases of £nil (2023:£5,800) were made from Jondo Limited and sales of £742,423 (2023 £503,224) were made to Jondo Limited. At the year end the company was owed £173,195 by Jondo Limited (2023: £96,026). Jondo Limited, a US company, was owned by J Doe, a Director of Jondo UK Limited, until November 2022 when it was acquired by an investment firm.

15.	ULTIMATE CONTROLLING PARTY

No individual has control of the company as a result of the shareholders agreement.