REGISTERED NUMBER: 03832135 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

JOHN JONES & SON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr E W J Jones

Mr G J Jones

SECRETARY:

REGISTERED OFFICE:

Tycroes Farm

Llandeilo Road

Gorslas

Llanelli

Carmarthenshire

SA14 7LW

REGISTERED NUMBER:

03832135 (England and Wales)

ACCOUNTANT:

Linghams Chartered Accountants

(Lingham Accountancy Limited)

(Part of the Waterfront Accountancy Group Limited)

7-8 Raleigh Walk

Waterfront 2000

Brigantine Place

Cardiff

South Glamorgan

CF10 4LN

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,371,800

1,164,825

1,371,800

1,164,825

CURRENT ASSETS

Stocks

8,202

7,963

Debtors

6

738,079

740,515

Cash at bank

238,418

133,788

984,699

882,266

CREDITORS

Amounts falling due within one year

7

420,067

424,581

NET CURRENT ASSETS

564,632

457,685

TOTAL ASSETS LESS CURRENT LIABILITIES

1,936,432

1,622,510

CREDITORS

Amounts falling due after more than one year

8

(937,966

)

(778,783

)

PROVISIONS FOR LIABILITIES

9

(238,314

)

(181,575

)

NET ASSETS

760,152

662,152

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

760,149

662,149

SHAREHOLDERS' FUNDS

760,152

662,152

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

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

Mr E W J Jones - Director

1.	STATUTORY INFORMATION

John Jones & Son 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1999, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost, 30% on reducing balance, 25% on reducing balance, 15% on reducing balance and Not provided

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 24 (2023 - 25 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2023

and 30 September 2024

14,000

AMORTISATION

At 1 October 2023

and 30 September 2024

14,000

NET BOOK VALUE

At 30 September 2024

-

At 30 September 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2023

4,999,395

Additions

652,986

Disposals

(348,200

)

At 30 September 2024

5,304,181

DEPRECIATION

At 1 October 2023

3,834,570

Charge for year

419,840

Eliminated on disposal

(322,029

)

At 30 September 2024

3,932,381

NET BOOK VALUE

At 30 September 2024

1,371,800

At 30 September 2023

1,164,825

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

Plant and

machinery

etc

£

COST

At 1 October 2023

1,612,474

Additions

652,987

Disposals

(73,500

)

Transfer to ownership

(521,366

)

At 30 September 2024

1,670,595

DEPRECIATION

At 1 October 2023

745,444

Charge for year

346,527

Eliminated on disposal

(55,853

)

Transfer to ownership

(408,426

)

At 30 September 2024

627,692

NET BOOK VALUE

At 30 September 2024

1,042,903

At 30 September 2023

867,030

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade debtors

633,755

740,515

Other debtors

104,324

-

738,079

740,515

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade creditors

302,600

334,136

Taxation and social security

76,037

85,894

Other creditors

41,430

4,551

420,067

424,581

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans

17,500

27,500

Hire purchase contracts

920,466

751,283

937,966

778,783

9.	PROVISIONS FOR LIABILITIES

Provision for deferred taxation has been made to the extent the directors believe will crystalize in the foreseeable future.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the period Mr E W J Jones (director) charged rents totalling £ 12,000 to the company.