W.J.Jones(Zoar Agricultural Stores)Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 663124

W.J.Jones(Zoar Agricultural Stores)Limited

Filleted Unaudited Financial Statements

28 February 2026

W.J.Jones(Zoar Agricultural Stores)Limited

Financial Statements

Year ended 28 February 2026

Contents	Pages

Statement of financial position	1 to 2

Notes to the financial statements	3 to 7

W.J.Jones(Zoar Agricultural Stores)Limited

Statement of Financial Position

28 February 2026

	2026	2025
Note	£	£

Fixed assets

Tangible assets	6	560,203	609,271

Current assets

Stocks		982,064	949,397
Debtors	7	569,232	94,604
Investments	8	1,361	530,054
Cash at bank and in hand		512,785	329,871
		------------	------------
		2,065,442	1,903,926

Creditors: amounts falling due within one year	9	( 408,331)	( 425,037)
		------------	------------
Net current assets		1,657,111	1,478,889
		------------	------------
Total assets less current liabilities		2,217,314	2,088,160

Creditors: amounts falling due after more than one year	10	–	( 7,566)

Provisions

Taxation including deferred tax	11	( 45,200)	( 47,770)
		------------	------------
Net assets		2,172,114	2,032,824
		------------	------------

Capital and reserves

Called up share capital	13	6,000	6,000
Share premium account		53,038	53,038
Profit and loss account		2,113,076	1,973,786
		------------	------------
Shareholders funds		2,172,114	2,032,824
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

W.J.Jones(Zoar Agricultural Stores)Limited

Statement of Financial Position (continued)

28 February 2026

These financial statements were approved by the board of directors and authorised for issue on 7 July 2026 , and are signed on behalf of the board by:

Mrs C Griffiths

Director

Company registration number: 663124

W.J.Jones(Zoar Agricultural Stores)Limited

Notes to the Financial Statements

Year ended 28 February 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bridge Street, Neath, West Glamorgan, SA11 1RU.

2. Statement of compliance

These financial statements have been prepared in accordance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods and services is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold Property	-	5% reducing balance
Long Leasehold Property	-	over the term of the lease
Property Improvements	-	10% reducing balance
Plant, Equipment & Fittings	-	10-25% reducing balance basis
Motor Vehicles	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 45 (2025: 46 ).

5. Tax on profit

Major components of tax expense

	2026	2025
	£	£

Current tax:

UK current tax expense	75,283	21,786
Adjustments in respect of prior periods	3	–
	--------	--------
Total current tax	75,286	21,786
	--------	--------

Deferred tax:

Origination and reversal of timing differences	( 2,570)	11,259
	--------	--------
Tax on profit	72,716	33,045
	--------	--------

6. Tangible assets

	Freehold Property	Long Leasehold Property	Property Improvements	Plant, Equipment & Fittings	Motor Vehicles	Total
	£	£	£	£	£	£
Cost
At 1 Mar 2025	293,631	236,808	156,182	812,826	194,487	1,693,934
Additions	–	–	–	3,732	2,925	6,657
	---------	---------	---------	---------	---------	------------
At 28 Feb 2026	293,631	236,808	156,182	816,558	197,412	1,700,591
	---------	---------	---------	---------	---------	------------
Depreciation
At 1 Mar 2025	187,370	37,485	80,404	656,101	123,303	1,084,663
Charge for the year	9,064	948	7,578	19,607	18,528	55,725
	---------	---------	---------	---------	---------	------------
At 28 Feb 2026	196,434	38,433	87,982	675,708	141,831	1,140,388
	---------	---------	---------	---------	---------	------------
Carrying amount
At 28 Feb 2026	97,197	198,375	68,200	140,850	55,581	560,203
	---------	---------	---------	---------	---------	------------
At 28 Feb 2025	106,261	199,323	75,778	156,725	71,184	609,271
	---------	---------	---------	---------	---------	------------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Plant, Equipment & Fittings
	£
At 28 February 2026	11,792
	--------
At 28 February 2025	15,722
	--------

7. Debtors

	2026	2025
	£	£
Trade debtors	48,453	50,496
Other debtors	520,779	44,108
	---------	--------
	569,232	94,604
	---------	--------

Other debtors include an amount of £Nil (2025 - £Nil) falling due after more than one year.

8. Investments

	2026	2025
	£	£
Other investments	1,361	530,054
	-------	---------

9. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	217,342	305,976
Corporation tax	75,283	21,786
Social security and other taxes	73,845	56,669
Obligations under finance leases and hire purchase contracts	7,566	9,422
Other creditors	34,295	31,184
	---------	---------
	408,331	425,037
	---------	---------

10. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Obligations under finance leases and hire purchase contracts	–	7,566
	----	-------

11. Provisions

	Deferred tax (note 12)
	£
At 1 March 2025	47,770
Charge against provision	( 2,570)
	--------
At 28 February 2026	45,200
	--------

12. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2026	2025
	£	£
Included in provisions (note 11)	45,200	47,770
	--------	--------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2026	2025
	£	£
Accelerated capital allowances	45,200	47,770
	--------	--------

13. Called up share capital

Issued, called up and fully paid

	2026		2025
	No.	£	No.	£
Ordinary shares of £ 1 each	6,000	6,000	6,000	6,000
	-------	-------	-------	-------

14. Related party transactions

The company was under the control of Mrs C Griffiths and Mr M Jones, the managing directors, throughout the current and previous year by virtue of their equal shareholdings. The company has occupied the land utilised by the Garden, Horse and Agricultural Supplies activities under a formal lease arrangement dated 8 September 1998 for the period to 14 September 2086 at an annual rental of one peppercorn. During the year the company paid rental costs to Mrs C Griffiths and Mr M Jones, the managing directors, for the premises of the store totalling £Nil (2025 - £19,944). During the year the company paid dividends totalling £1,000 (2025 - £1,000) to the shareholders.