Peter Jones (I.L.G.) Ltd

	Page
Strategic Report	1
Directors' Report	2
Independent Auditor's Report	3—4
Profit and Loss Account	5
Statement of Comprehensive Income	6
Balance Sheet	7
Statement of Changes in Equity	8
Statement of Cash Flows	9
Notes to the Statement of Cash Flows	10
Notes to the Financial Statements	11—16

The directors present their strategic report for the year ended 31 December 2024.

Principal Activity

The company's principal activity continues to be that of the manufacture of high-quality goods for the communications, security and worker safety sectors.

Review of the Business

The directors present their Strategic Report for the year ended 31st December 2014.

The company continues to perform well, with trading and profitability remaining in line with expectations. During the financial year, the business delivered consistent results across its operations, maintaining a solid financial position and a stable level of revenue and margins.

The directors consider that the company is well placed within its market and continues to benefit from its established reputation and strong customer relationships. The financial performance during the year reflects both the resilience of the business model and the effective management of operational costs.

Looking forward, the directors remain confident in the company’s prospects. Future activities will be focused on strengthening the company’s market position, enhancing customer experience, and identifying opportunities to broaden its service offering in line with market demand. The company also intends to continue investing in developing its operations and infrastructure to support long‑term sustainable growth.

Overall, the directors expect future performance to remain positive, with profitability anticipated to remain in line with current forecasts.

On behalf of the board

Mr Christopher Davidge

Director

23/01/2025

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Peter Jones (I.L.G.) Ltd

Company No. 01131693

Directors' Report For The Year Ended 31 December 2024

Directors' Report

The directors present their report and the financial statements for the year ended 31 December 2024.

Directors

The directors who held office during the year were as follows:

Mr Morgan Jones
Mr Owen Jones
Miss Luned Jones
Mr Christopher Davidge	Appointed	26/02/2024

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Independent Auditors

The auditors, J M Evans & Co, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

On behalf of the board

Mr Christopher Davidge

Director

23/01/2025

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Independent Auditor's Report

to the Members of

Peter Jones (I.L.G.) Ltd

Independent Auditor's Report

Opinion

We have audited the financial statements of Peter Jones (I.L.G.) Ltd for the year ended 31 December 2024 which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity, Cash Flow Statement and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit/(loss) for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions Relating to Going Concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on Other Matters Prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

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Independent Auditor's Report (continued)

to the Members of

Peter Jones (I.L.G.) Ltd

Matters on Which We Are Required to Report by Exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records or returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

Responsibilities of Directors

As explained more fully in the Directors' Responsibilities Statement set out on page 2, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

As a part of designing our audit, we determined materiality and assessed the risks of material misstatement in the financial statements, including how fraud may occur by enquiring of management of its own consideration of fraud.

We reviewed a sample of transactions entered into during the financial period and documentation in support of any estimation techniques used by the company. Our tests included agreeing the financial statement disclosures to underlying documentation and enquiries with management.

We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risks of management override and internal control.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentation or through collusion. There are inherent limitation in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use Of Our Report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Jason Mark Evans (Senior Statutory Auditor)

for and on behalf of J M Evans & Co , Statutory Auditor

30/09/2025

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Peter Jones (I.L.G.) Ltd

Profit and Loss Account

For The Year Ended 31 December 2024

Profit and Loss Account

		2024	2023
	Notes	£	£
TURNOVER		6,315,197	4,662,936
Cost of sales		(2,254,394 )	(1,662,556 )

GROSS PROFIT		4,060,803	3,000,380

Administrative expenses		(2,550,780 )	(2,433,479 )
Other operating income		-	40,903

OPERATING PROFIT	4	1,510,023	607,804
Income from Shares in group undertakings		44,000	48,000
Other interest receivable and similar income	9	79,347	54,146
Interest payable and similar charges	10	(17,646 )	(15,216 )

PROFIT BEFORE TAXATION		1,615,724	694,734
Tax on Profit		(335,385 )	(248,037 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		1,280,339	446,697

The notes on pages 10 to 16 form part of these financial statements.

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Peter Jones (I.L.G.) Ltd

Statement of Comprehensive Income

For The Year Ended 31 December 2024

Statement of Comprehensive Income

	2024	2023
	£	£
PROFIT FOR THE FINANCIAL YEAR	1,280,339	446,697
OTHER COMPREHENSIVE INCOME FOR THE YEAR	-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR	1,280,339	446,697

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Peter Jones (I.L.G.) Ltd

Balance Sheet

As At 31 December 2024

Balance Sheet

Registered number: 01131693

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	11		31,644		11,347
Tangible Assets	12		1,696,065		1,775,962

			1,727,709		1,787,309
CURRENT ASSETS
Stocks	13	726,144		726,100
Debtors	14	1,357,176		890,473
Investments	15	488,280		88,280
Cash at bank and in hand		5,006,748		4,112,028

		7,578,348		5,816,881
Creditors: Amounts Falling Due Within One Year	16	(811,042 )		(440,093 )

NET CURRENT ASSETS (LIABILITIES)			6,767,306		5,376,788

TOTAL ASSETS LESS CURRENT LIABILITIES			8,495,015		7,164,097

PROVISIONS FOR LIABILITIES
Deferred Taxation	17		(193,060 )		(142,481 )

NET ASSETS			8,301,955		7,021,616

CAPITAL AND RESERVES
Called up share capital	19		900		900
Profit and Loss Account			8,301,055		7,020,716

SHAREHOLDERS' FUNDS			8,301,955		7,021,616

On behalf of the board

Mr Christopher Davidge

Director

23/01/2025

The notes on pages 10 to 16 form part of these financial statements.

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Peter Jones (I.L.G.) Ltd

Statement of Changes in Equity

For The Year Ended 31 December 2024

Statement of Changes in Equity

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 January 2023	900	6,574,019	6,574,919
Profit for the year and total comprehensive income	-	446,697	446,697

As at 31 December 2023 and 1 January 2024	900	7,020,716	7,021,616


Profit for the year and total comprehensive income	-	1,280,339	1,280,339

As at 31 December 2024	900	8,301,055	8,301,955

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Peter Jones (I.L.G.) Ltd

Statement of Cash Flows

For The Year Ended 31 December 2024

Statement of Cash Flows

		2024	2023
	Notes	£	£
Cash flows from operating activities
Net cash generated from operations	1	1,346,303	586,268
Interest paid		(17,647 )	(15,216 )
Tax paid		(21,877 )	(33,338 )

Net cash generated from operating activities		1,306,779	537,714

Cash flows from investing activities
Purchase of intangible assets		(25,881 )	(7,881 )
Purchase of tangible assets		(108,282 )	(192,545 )
Purchase of current asset investments		(400,000 )	-
Interest received		79,347	54,146
Dividends received		44,000	48,000

Net cash used in investing activities		(410,816 )	(98,280 )

Cash flows from financing activities
Amount introduced by directors		1	-
Amount withdrawn by directors		(1,244)	(668)

Net cash used in financing activities		(1,243 )	(668 )



Increase in cash and cash equivalents		894,720	438,766
Cash and cash equivalents at beginning of year	2	4,112,028	3,673,262

Cash and cash equivalents at end of year	2	5,006,748	4,112,028

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Peter Jones (I.L.G.) Ltd

Notes to the Statement of Cash Flows

For The Year Ended 31 December 2024

Notes to the Statement of Cash Flows

1. Reconciliation of profit for the financial year to cash generated from operations

	2024	2023
	£	£
Profit for the financial year	1,280,339	446,697
Adjustments for:
Tax on profit	335,385	248,037
Interest expense	17,646	15,216
Interest income	(79,347 )	(54,146 )
Income from shares in group undertakings	(44,000)	(48,000)
Amortisation of intangible assets	5,584	2,003
Depreciation of tangible assets	188,179	204,352
Movements in working capital:
Increase in stocks	(44 )	(93,030 )
Increase in trade and other debtors	(465,460 )	(159,417 )
Increase in trade and other creditors	108,021	24,556

Net cash generated from operations	1,346,303	586,268

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2024	2023
	£	£
Cash at bank and in hand	5,006,748	4,112,028

3. Analysis of changes in net funds

	As at 1 January 2024	Cash flows	As at 31 December 2024
	£	£	£
Cash at bank and in hand	4,112,028	894,720	5,006,748

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Peter Jones (I.L.G.) Ltd

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

Peter Jones (I.L.G.) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 01131693 . The registered office is Unit 1, Monk St. Ind. Est., Lower Monk Street, Abergavenny, Monmouthshire, NP7 5YG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Intellectual Property

Intellectual property assets are Patents and Licences. It is amortised to the profit and loss account on a 15% reducing balance basis.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% on cost
Leasehold	10% on cost
Plant & Machinery	15% on reducing balance
Motor Vehicles	25% on reducing balance
Fixtures & Fittings	15% on reducing balance
Computer Equipment	25% on reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.

2.6. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

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Peter Jones (I.L.G.) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Other Operating Income

	2024	2023
	£	£
Rental income	-	445
Other operating income	-	40,458

	-	40,903

4. Operating Profit

The operating profit is stated after charging:

	2024	2023
	£	£
Bad debts	98	60
Research and Development Costs	11,558	-
Depreciation of tangible fixed assets	188,179	204,352
Amortisation of intangible fixed assets	5,584	2,003

5. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2024	2023
	£	£
Audit Services
Audit of the company's financial statements	4,000	4,000

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Peter Jones (I.L.G.) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2024	2023
	£	£
Wages and salaries	1,432,381	1,303,687
Social security costs	23,443	117,862
Other pension costs	24,531	27,873

	1,480,355	1,449,422

7. Average Number of Employees

Average number of employees, including directors, during the year was: 52 (2023: 53)

8. Directors' remuneration

	2024	2023
	£	£
Emoluments	195,030	195,030
Company contributions to money purchase pension schemes	-	6,840

	195,030	201,870

Information regarding the highest paid director was as follows:

	2024	2023
	£	£
Emoluments	65,176	65,176

9. Interest Receivable and Similar Income

	2024	2023
	£	£
Bank interest receivable	79,347	54,146
Dividends from shares in subsidiaries	44,000	48,000

	123,347	102,146

10. Interest Payable and Similar Charges

	2024	2023
	£	£
Foreign exchange charges	62	-

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Peter Jones (I.L.G.) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

11. Intangible Assets

	Intellectual Property
	£
Cost
As at 1 January 2024	14,415
Additions	25,881

As at 31 December 2024	40,296

Amortisation
As at 1 January 2024	3,068
Provided during the period	5,584

As at 31 December 2024	8,652

Net Book Value
As at 31 December 2024	31,644

As at 1 January 2024	11,347

12. Tangible Assets

	Land & Property
	Freehold	Leasehold	Plant & Machinery	Motor Vehicles
	£	£	£	£
Cost
As at 1 January 2024	889,980	299,940	1,844,319	322,316
Additions	-	-	18,491	61,195

As at 31 December 2024	889,980	299,940	1,862,810	383,511

Depreciation
As at 1 January 2024	78,717	159,137	1,273,124	202,437
Provided during the period	44,499	14,997	58,969	53,572

As at 31 December 2024	123,216	174,134	1,332,093	256,009

Net Book Value
As at 31 December 2024	766,764	125,806	530,717	127,502

As at 1 January 2024	811,263	140,803	571,195	119,879


	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2024	220,863	9,644	3,587,062
Additions	1,402	27,194	108,282

As at 31 December 2024	222,265	36,838	3,695,344

Depreciation
As at 1 January 2024	96,238	1,447	1,811,100
Provided during the period	12,603	3,539	188,179

As at 31 December 2024	108,841	4,986	1,999,279

...CONTINUED

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Peter Jones (I.L.G.) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024	113,424	31,852	1,696,065

As at 1 January 2024	124,625	8,197	1,775,962

13. Stocks

	2024	2023
	£	£
Stock	726,144	726,100

14. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	938,635	600,907
Prepayments and accrued income	27,840	27,180
Other debtors	7,676	-
Directors' loan accounts	196,052	194,809
Amounts owed by group undertakings	186,973	62,678

	1,357,176	885,574
Due after more than one year
Other debtors	-	4,899

	1,357,176	890,473

15. Current Asset Investments

	2024	2023
	£	£
Shares in subsidiaries	488,280	88,280

16. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	391,212	191,296
Other creditors	15,197	10,083
Corporation tax	343,210	80,282
Taxation and social security	40,362	124,938
Accruals and deferred income	21,061	33,494

	811,042	440,093

17. Deferred Taxation

The provision for deferred tax is made up as follows:

	2024	2023
	£	£
Other timing differences	193,060	142,481

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Peter Jones (I.L.G.) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

18. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 January 2024	142,481	142,481
Additions	50,579	50,579

Balance at 31 December 2024	193,060	193,060

20. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

During the year the charge to the profit and loss account in respect of defined contribution schemes was £24,531 (2023: £27,873).

At the balance sheet date contributions of £6,376 (2023: £1,262) were due to the fund and are included in creditors.

21. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2024
	£	£	£	£	£
Mr Morgan Jones	98,693	1,242	-	-	99,935
Mr Owen Jones	96,116	-	-	-	96,116

The above loan is unsecured, interest free and repayable on demand.

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