REGISTERED NUMBER: 04102349 (England and Wales)

JOHNS JONES & LO LIMITED

Unaudited Financial Statements

for the Period 30th May 2024 to 28th May 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

D Lo

REGISTERED OFFICE:

16 Lambourne Crescent

Cardiff Business Park

Llanishen

Cardiff

CF14 5GF

REGISTERED NUMBER:

04102349 (England and Wales)

FIXED ASSETS

Intangible assets

4

229,633

317,036

Tangible assets

5

36,517

45,646

266,150

362,682

CURRENT ASSETS

Work in progress

121,000

121,000

Debtors

6

41,595

33,277

Prepayments and accrued income

16,705

20,174

Cash in hand

50

50

179,350

174,501

CREDITORS

Amounts falling due within one year

7

400,518

456,621

NET CURRENT LIABILITIES

(221,168

)

(282,120

)

TOTAL ASSETS LESS CURRENT LIABILITIES

44,982

80,562

CREDITORS

Amounts falling due after more than one year

8

(24,710

)

(62,301

)

PROVISIONS FOR LIABILITIES

(6,938

)

-

NET ASSETS

13,334

18,261

CAPITAL AND RESERVES

Called up share capital

6

6

Revaluation reserve

9

50,000

50,000

Retained earnings

(36,672

)

(31,745

)

SHAREHOLDERS' FUNDS

13,334

18,261

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

The members have not required the company to obtain an audit of its financial statements for the period ended 28th May 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22nd May 2026 and were signed by:

D Lo - Director

1.	STATUTORY INFORMATION

Johns Jones & Lo 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 as modified by the revaluation of certain assets.

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 the business is being amortised evenly over it's estimated useful life of 10 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.

Fixtures and Fittings 25% Straight Line Method

Motor vehicles 20% Reducing Balance Method

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST OR VALUATION

At 30th May 2024

and 28th May 2025

602,014

AMORTISATION

At 30th May 2024

284,978

Charge for period

87,403

At 28th May 2025

372,381

NET BOOK VALUE

At 28th May 2025

229,633

At 29th May 2024

317,036

Cost or valuation at 28th May 2025 is represented by:

Goodwill

£

Valuation in 2017

551,882

Valuation in 2019

(221,882

)

Valuation in 2020

35,512

Valuation in 2021

69,436

Valuation in 2022

130,346

Valuation in 2023

(13,280

)

Valuation in 2024

50,000

602,014

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 30th May 2024

and 28th May 2025

104,313

49,862

154,175

DEPRECIATION

At 30th May 2024

104,313

4,216

108,529

Charge for period

-

9,129

9,129

At 28th May 2025

104,313

13,345

117,658

NET BOOK VALUE

At 28th May 2025

-

36,517

36,517

At 29th May 2024

-

45,646

45,646

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

25,525

17,207

Other debtors

16,070

16,070

41,595

33,277

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

77,971

78,850

Trade creditors

31,697

30,818

Taxation and social security

199,271

213,184

Other creditors

91,579

133,769

400,518

456,621

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

24,710

62,301

9.

RESERVES

Revaluation

reserve

£

At 30th May 2024

and 28th May 2025

50,000

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is an amount of £79,449 (2024 £128,205) in respect of a loan made to the company by Longworth Credit Services Limited.

D. Lo is a director of this company.

Interest has been charged in relation to this loan in these financial statements.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is D Lo.