REGISTERED NUMBER: 12481850 (England and Wales)

PHILIP JONES BUILDERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

D Anthony

REGISTERED OFFICE:

Dolafon Yard

Dolafon Road

Newtown

Powys

SY16 2JB

REGISTERED NUMBER:

12481850 (England and Wales)

ACCOUNTANTS:

Morgans

Clive House

Severn Road

Welshpool

Powys

SY21 7AL

FIXED ASSETS

Intangible assets

4

12,807

15,067

Tangible assets

5

128,996

121,985

141,803

137,052

CURRENT ASSETS

Stocks

208,791

114,270

Debtors

6

131,018

375,255

Cash at bank

132,823

198,252

472,632

687,777

CREDITORS

Amounts falling due within one year

7

254,358

451,091

NET CURRENT ASSETS

218,274

236,686

TOTAL ASSETS LESS CURRENT LIABILITIES

360,077

373,738

CREDITORS

Amounts falling due after more than one year

8

(9,641

)

(19,906

)

PROVISIONS FOR LIABILITIES

(29,763

)

(27,450

)

NET ASSETS

320,673

326,382

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

320,573

326,282

320,673

326,382

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2025 and were signed by:

D Anthony - Director

1.	STATUTORY INFORMATION

Philip Jones Builders 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 0, is being amortised evenly over its estimated useful life of nil 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.

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance and at variable rates on reducing balance

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

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 6 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2024

and 28 February 2025

22,600

AMORTISATION

At 1 March 2024

7,533

Charge for year

2,260

At 28 February 2025

9,793

NET BOOK VALUE

At 28 February 2025

12,807

At 29 February 2024

15,067

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2024

180,979

Additions

40,000

At 28 February 2025

220,979

DEPRECIATION

At 1 March 2024

58,994

Charge for year

32,989

At 28 February 2025

91,983

NET BOOK VALUE

At 28 February 2025

128,996

At 29 February 2024

121,985

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

82,865

327,102

Amounts owed by associates

48,153

48,153

131,018

375,255

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,268

10,015

Trade creditors

126,327

129,683

Taxation and social security

60,624

194,599

Other creditors

57,139

116,794

254,358

451,091

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

9,641

19,906