J. Jones And Son (Dairies) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00688029 (England and Wales)

J. JONES AND SON (DAIRIES) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mr C Jones

REGISTERED OFFICE:

Dock View Road

Barry

Vale of Glamorgan

CF63 4JP

REGISTERED NUMBER:

00688029 (England and Wales)

ACCOUNTANTS:

Carston ETL

Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

FIXED ASSETS

Intangible assets

4

1

Tangible assets

5

8,721

1,937

Investments

6

1

8,723

1,939

CURRENT ASSETS

Stocks

1,030

1,020

Debtors

7

80,367

102,361

Cash at bank and in hand

7,102

1,018

88,499

104,399

CREDITORS

Amounts falling due within one year

8

173,847

167,321

NET CURRENT LIABILITIES

(85,348

)

(62,922

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(76,625

)

(60,983

)

CREDITORS

Amounts falling due after more than one year

9

56,812

39,512

NET LIABILITIES

(133,437

)

(100,495

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(133,537

)

(100,595

)

SHAREHOLDERS' FUNDS

(133,437

)

(100,495

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 29 May 2026 and were signed by:

Mr C Jones - Director

1.	STATUTORY INFORMATION

J. Jones And Son (Dairies) 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.

Although the company has an excess of liabilities over assets, the director considers it appropriate to continue to prepare the accounts on the basis of a going concern. This is due to ongoing profitable trading which is generating positive cash flow and the reduction of third party liabilities. The director is confident that the trading performance subsequent to the year end is such the company's trade remains profitable and with ongoing reduction of third party liabilities.

Turnover

Turnover comprises retail sales exclusive of VAT arising from the principal activity of the company.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1988, 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.

Long leasehold

-

over the duration of the lease

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33.33% straight line 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 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.

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 15 (2024 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

131,350

AMORTISATION

At 1 September 2024

and 31 August 2025

131,349

NET BOOK VALUE

At 31 August 2025

1

At 31 August 2024

1

5.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

£

COST

At 1 September 2024

29,434

19,229

14,658

Additions

-

At 31 August 2025

29,434

19,229

14,658

DEPRECIATION

At 1 September 2024

29,433

19,217

14,642

Charge for year

-

At 31 August 2025

29,433

19,217

14,642

NET BOOK VALUE

At 31 August 2025

1

12

16

At 31 August 2024

1

12

16

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 September 2024

47,049

15,361

125,731

Additions

9,360

-

9,360

At 31 August 2025

56,409

15,361

135,091

DEPRECIATION

At 1 September 2024

45,395

15,107

123,794

Charge for year

2,340

236

2,576

At 31 August 2025

47,735

15,343

126,370

NET BOOK VALUE

At 31 August 2025

8,674

18

8,721

At 31 August 2024

1,654

254

1,937

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 September 2024

and 31 August 2025

1

NET BOOK VALUE

At 31 August 2025

1

At 31 August 2024

1

Investments comprise the whole of the issued share capital of C & G Properties (Barry) Limited, a company incorporated in England & Wales. The net asset value of the subsidiary is considered to be in excess of the cost of the investment.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

17,360

31,919

Amounts owed by subsidiary

59,302

61,729

Other debtors

3,705

8,713

80,367

102,361

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

30,368

31,722

Trade creditors

62,952

66,235

Taxation and social security

(1,214

)

2,758

Other creditors

81,741

66,606

173,847

167,321

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

56,812

39,512

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

Between one and five years

15,350

11.	RELATED PARTY DISCLOSURES

The aggregate amount due to the company's pension scheme is £26,929 (2023 £26,929). The aggregate loan was repayable in equal instalments over 5 years with interest payable at normal commercial rates.