REGISTERED NUMBER: 00239324 (England and Wales)

JONES AND PALMER LIMITED

Unaudited Financial Statements for the Year Ended 30 September 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms H L Hill

J A Houston

I A Houston

S F O'Brien

J Robinson

S Tolley

REGISTERED OFFICE:

87 Carver Street

Birmingham

B1 3AL

REGISTERED NUMBER:

00239324 (England and Wales)

ACCOUNTANTS:

BK Plus

59-61 Charlotte Street

St Pauls Square

Birmingham

West Midlands

B3 1PX

FIXED ASSETS

Intangible assets

4

170

-

Tangible assets

5

2,370,164

2,418,754

Investments

6

500

500

2,370,834

2,419,254

CURRENT ASSETS

Stocks

3,059

2,836

Debtors

7

1,470,011

1,010,989

Cash at bank

1,021,545

1,158,754

2,494,615

2,172,579

CREDITORS

Amounts falling due within one year

8

1,374,517

1,378,869

NET CURRENT ASSETS

1,120,098

793,710

TOTAL ASSETS LESS CURRENT LIABILITIES

3,490,932

3,212,964

CREDITORS

Amounts falling due after more than one year

9

(345,376

)

(458,154

)

PROVISIONS FOR LIABILITIES

(59,705

)

(69,614

)

NET ASSETS

3,085,851

2,685,196

CAPITAL AND RESERVES

Called up share capital

39,204

39,204

Retained earnings

3,046,647

2,645,992

3,085,851

2,685,196

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 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 April 2026 and were signed on its behalf by:

J A Houston - Director

1.	STATUTORY INFORMATION

Jones And Palmer 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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.

Improvements to property

-

10% on cost

Plant and machinery

-

14% on cost

Fixtures and fittings

-

7.5% on cost

Computer equipment

-

20% on cost

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 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 56 (2024 - 55 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

Additions

170

At 30 September 2025

170

NET BOOK VALUE

At 30 September 2025

170

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 October 2024

2,063,652

137,877

291,075

Additions

-

-

-

Disposals

-

-

-

At 30 September 2025

2,063,652

137,877

291,075

DEPRECIATION

At 1 October 2024

-

61,232

188,427

Charge for year

-

8,955

25,934

At 30 September 2025

-

70,187

214,361

NET BOOK VALUE

At 30 September 2025

2,063,652

67,690

76,714

At 30 September 2024

2,063,652

76,645

102,648

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 October 2024

98,228

212,526

2,803,358

Additions

16,167

21,052

37,219

Disposals

-

(347

)

(347

)

At 30 September 2025

114,395

233,231

2,840,230

DEPRECIATION

At 1 October 2024

26,730

108,215

384,604

Charge for year

7,601

42,972

85,462

At 30 September 2025

34,331

151,187

470,066

NET BOOK VALUE

At 30 September 2025

80,064

82,044

2,370,164

At 30 September 2024

71,498

104,311

2,418,754

The net book value of tangible fixed assets includes £ 58,979 (2024 - £ 102,309 ) in respect of assets held under hire purchase contracts.

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 October 2024

and 30 September 2025

500

NET BOOK VALUE

At 30 September 2025

500

At 30 September 2024

500

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,312,701

865,620

Amounts owed by group undertakings

4,030

4,030

Other debtors

-

100

Prepayments

153,280

141,239

1,470,011

1,010,989

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

84,323

111,922

Hire purchase contracts

13,011

36,391

Trade creditors

70,058

190,214

Amounts owed to group undertakings

133,716

65,158

Social security and other taxes

501,274

490,794

Accruals and deferred income

572,135

484,390

1,374,517

1,378,869

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

48,349

98,698

Bank loans - 2-5 years

159,594

97,079

Bank loans more 5 yr by instal

137,433

249,366

Hire purchase contracts

-

13,011

345,376

458,154

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

137,433

249,366

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

429,699

557,065

Hire purchase contracts

13,011

49,402

442,710

606,467

Lloyds TSB mortgage is secured by a fixed and floating charge over all current and future assets of the company, up to the balance due at the time.

Lloyds TSB Commercial Finance have security over the factoring balance debt in the form of a fixed and floating charge over all the current and future assets of the company.

Birmingham City Council has a charge secured against the new building for a European Regional Development Grant. The charge is to the value of the grant income received and is only enforceable if the building is sold within 15 years. Amounts received so far are £478,069.

The hire purchase liability is secured against the assets to which it relates.

The invoice finance facility is secured against the trade debtor book of the company.

11.	RELATED PARTY DISCLOSURES

The amounts owed to the company by P C Properties Ltd at the year end amounted to £3,030 (2024 - £3,030).

The amounts owed to Jones and Palmer Technology Ltd as at the year end amounted to £400 (2024 - £400).