Jones Commercial Group Limited

Jones Commercial Group Limited
Statement of Financial Position
As at 31 January 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	9,569	4,954
		9,569	4,954
Current assets
Stocks	4	3,000	-
Debtors	5	-	750
Cash at bank and in hand		7,887	32,235
		10,887	32,985
Creditors: amount falling due within one year	6	(18,543)	(35,116)
Net current assets		(7,656)	(2,131)

Total assets less current liabilities		1,913	2,823
Provisions for liabilities	7	(1,876)	(2,316)
Net assets		37	507

Capital and reserves
Called up share capital	8	1	1
Profit and loss account		36	506
Shareholders' funds		37	507

For the year ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the director on 24 September 2026 and were signed by:

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Abigail Jones
Director

Jones Commercial Group Limited
Notes to the Financial Statements
For the year ended 31 January 2026

General Information

Jones Commercial Group Limited is a private company, limited by shares, registered in England and Wales, registration number 14589454, registration address Penny Lane Business Centre, 374 Smithdown Road, Liverpool, Merseyside, L15 5AN.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

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

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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.
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.
Current and deferred tax assets and liabilities are not discounted.

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 35 (2025 : 16).

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Total
	£	£
At 01 February 2025	8,310	8,310
Additions	5,229	5,229
Disposals	-	-
At 31 January 2026	13,539	13,539
Depreciation
At 01 February 2025	3,356	3,356
Charge for year	614	614
On disposals	-	-
At 31 January 2026	3,970	3,970
Net book values
Closing balance as at 31 January 2026	9,569	9,569
Opening balance as at 01 February 2025	4,954	4,954

Stocks

	2026 £		2025 £
Stocks	3,000		-
	3,000		-

Debtors: amounts falling due within one year

	2026 £		2025 £
Trade Debtors	-		750
	-		750

Creditors: amount falling due within one year

	2026 £	2025 £
Trade Creditors	4,264	12,990
Corporation Tax	2,420	1,508
PAYE & Social Security	1,940	1,010
Directors' Current Accounts	45	223
VAT	9,874	19,385
	18,543	35,116

Provisions for liabilities

	2026 £		2025 £
Deferred Tax	1,876		2,316
	1,876		2,316

Share Capital

Allotted, called up and fully paid	2026 £		2025 £
1 Ordinary share of £1.00 each	1		1
	1		1