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Registered number:
FOR THE YEAR ENDED 31 MARCH 2025
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AT JONES HOLDINGS LIMITED
COMPANY INFORMATION
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AT JONES HOLDINGS LIMITED
CONTENTS
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AT JONES HOLDINGS LIMITED
GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The directors present the strategic report for the period ended 31 March 2025.
The AT Jones Group (the “Group”) consists of AT Jones Holdings Limited, the parent entity of ATJ Homes Limited (ATJH), a property development company and AT Jones & Son Limited (ATJ), a specialist interior fit-out subcontractor, undertaking various trades including drylining, plastering, suspended ceilings, cladding, facades, and fire protection. ATJ Plant Limited, a plant hire company which started trading in February 2024. The Group has extensive experience in offering design, planning and delivery of the ideal drywall systems to meet the requirements of complex projects.
As the Board sign off our March 2025 audited accounts, we reflect on another challenging year where our business has been impacted by multiple external factors both financially and operationally. Over the past few years we have seen economic uncertainty created by Covid-19, the wars in Ukraine and the Middle East, inflationary pressures across both labour and materials and high inflation across world markets. Having strategically undertaken an efficiency and streamlining programme as part of the longer-term consolidation of the business to get through this difficult period, we were further impacted by numerous anti-business decisions of the new Labour Government since they won the General Election in July 2024. Again, the construction industry has faced the brunt and been through another extraordinary period that has impacted businesses at every level. Businesses within the industry continue to announce job losses or announce they are going into administration which further hits an already precarious supply chain. Following the numerous changes in the previous period, 2025 has seen the first year of the streamlined, consolidated business and the Group has met the majority of targets set at the start of the financial year. The Board and Management continue to learn a lot and are in good shape operationally and financially. the Group continues to maintain a clear focus across each of the chosen sectors, revenues have again demonstrated a strong resilience, underpinned by the very strong relationships with both long-standing and new clients.
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AT JONES HOLDINGS LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Performance Review
As planned, sales growth was not the focus as the Group looked to consolidate their position in the market and remain both sustainable and robust. Although revenues for the year were lower, margins did improve. The Building Safety Act 2022 (BSA) has also had an impact on sales in the period. While the Group fully back the requirements for higher standards, safety, quality and accountability, the number of project delays has resulted in expected sales pushed into 2025/26 and beyond. Pre-construction phases of jobs are taking longer but the Group has a very strong pre-con team and are investing in this to ensure they are well placed to benefit from the anticipated improvements in the BSA approval process. Despite these delays, the Group has seen continued improvement from this across the financial period and up to the date of sign-off. Working Capital has been further strengthened by the addition of some facilities as the Group works towards an improved cash position. Debt, particularly CBILS loans, has also been cleared down as the slow recovery from the impact on the whole industry over the past few years continues. The Board, therefore, remain optimistic into 2025/26. the Group are at the forefront of interior fit-out, our innovation, experience, and performance drives sustainability and we are proud of our reputation for high quality of project delivery across our chosen market sectors.
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AT JONES HOLDINGS LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Reported performance for this year and the previous period is as follows:
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AT JONES HOLDINGS LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
•Revenues reduced by 38% (pro-rated) following a period of strategic consolidation
• Gross Profit Margin (like-for-like costs) increased to 21.3% showing resilience despite the challenges • Net Current Assets were £1.94m • Net Worth increased to £1.65m • Credit insurances continue to protect the Group from the risk of Bad Debts
Future prospects
The Group has made progress on the key financial and non-financial targets and are on track to deliver on the Strategic Plans. the Group is a great place to work, known throughout the industry for operational excellence and being the partner of choice to Main Contractor clients and supply chain partners, working closely with all the major plasterboard manufacturers to offer the most safe, environmental, and buildable solution. Despite all the challenges detailed the Group has a stable platform to grow/improve margins exploiting a wealth of experience and talent in their people. The Board would like to thank all of the staff for their hard work and loyalty to get us through another challenging period. The level of commitment and willingness shown to go the extra mile once again has been truly humbling and the Group has every reason to be excited for the future. At the date of this report, both the 2025/26 revenues and operating profits are in line with budget and the sales pipeline continues to look healthy and consistent with expectations. Principal risks and uncertainties There has been a significant level of turbulence in the construction market over the past few years. Unsurprisingly, this has led to increased scrutiny of the performance of companies operating in the sector and the ways in which it operates. The Board is committed to a long-term strategy. It believes that there are still many challenges and much uncertainty ahead but there are also real opportunities, by focusing on the core business capabilities allowing the Group to dynamically engage in a market that is going through unprecedented change. The Group are financially resilient, it has a committed Board with a dedicated work force all working with a robust strategy to meet the market demands head on: • Labour availability/costs • Material price increases • Fuel costs • Further economic uncertainty is created by the impact of high inflation across world markets • The continuing war in Ukraine and The Middle East
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AT JONES HOLDINGS LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Liquidity risk
To support the continued strategic consolidation and with margins key, the Group continues to focus on liquidity. the Group continues to clear down and make all repayments in full and on time for all CBILS loans and can report a year-on-year improvement in working capital and strong relationships with all funders. Operating environment Health & Safety Turning to safety, which is at the heart of the Group’s licence to operate and remains a priority for clients when procuring work, the Group are delighted to say that our safety performance remains excellent. The Group operate a robust, integrated management system which supports ISO9001, 14001, and 45001. Detailed planning, monitoring and risk assessments are executed for every site, including regular training of the workforce. Internal and external health and safety audits are conducted regularly by our in-house team, and all results reviewed carefully. Thorough investigations are conducted of all accidents and near misses. The Group has a system of regular sharing of good practices and learnings from accidents and near misses. The application of these processes are regularly monitored by the Board. Health and Wellbeing The health and wellbeing of the teams, both the Group employees and the supply chain, is key as it directly impacts on operational safety. The Group have health champions across the business who are trained to monitor and assess employees’ mental and physical wellbeing.
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AT JONES HOLDINGS LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Summary
The Group business model is at the heart of our competitive differentiation and aim to continue to leverage the skills, knowledge and innovation to provide solutions, providing stability and certainty when markets fluctuate. The core businesses are performing well and the Group have leading positions in their chosen markets. Follow a period of consolidation, the Group is very well placed for the future.
This report was approved by the board on 27 November 2025 and signed on its behalf.
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AT JONES HOLDINGS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The directors present their report and the financial statements for the year ended 31 March 2025.
The directors are responsible for preparing the Group strategic report, the Directors' report and the consolidated financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Group's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The profit for the year, after taxation, amounted to £514,996 (2024 - £310,679).
Dividends of £nil (2024 - £320,000) were paid during the year. The directors do not recommend payment of a final dividend.
Post year end dividends of £225,000 have been declared.
The directors who served during the year were:
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AT JONES HOLDINGS LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
After the year end Barnes Roffe LLP resigned as auditors due to the transfer of its audit business and its successor Barnes Roffe Audit Limited was appointed by the directors under s485 Companies Act 2006.
This report was approved by the board on
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AT JONES HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF AT JONES HOLDINGS LIMITED
We have audited the financial statements of AT Jones Holdings Limited (the 'Parent Company') and its subsidiaries (the 'Group') for the year ended 31 March 2025, which comprise the Consolidated statement of comprehensive income, the Consolidated analysis of net debt, the Consolidated balance sheet, the Company balance sheet, the Consolidated statement of cash flows, the Consolidated statement of changes in equity, the Company statement of changes in equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the Parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
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AT JONES HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF AT JONES HOLDINGS LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Group strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Group strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Group and the Parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group strategic report or the Directors' report.
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AT JONES HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF AT JONES HOLDINGS LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Group financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; We identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the relevant sector; We focused on specific laws and regulations, which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006 and ISO standards; and We assessed the extent of compliance with laws and regulations identified above through making enquires of management and inspecting legal correspondence and identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: Making enquires of management as to where they considered there was susceptibility to fraud, their knowledge of actual suspected and alleged fraud; and Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. Performed analytical procedures to identify and unusual or unexpected relationships;
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AT JONES HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF AT JONES HOLDINGS LIMITED (CONTINUED)
Tested journal entries to identify unusual transactions;
Assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and Investigated the rationale behind significant or unusual transactions. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial statements, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect that those that arise from errors as they may involve deliberate concealment or collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's report.
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Chartered Accountants
Statutory Auditor
Leytonstone House
3 Hanbury Drive
London
E11 1GA
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AT JONES HOLDINGS LIMITED
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2025
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AT JONES HOLDINGS LIMITED
REGISTERED NUMBER: 05431412
CONSOLIDATED BALANCE SHEET
AS AT 31 MARCH 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 November 2025.
The notes on pages 21 to 42 form part of these financial statements.
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AT JONES HOLDINGS LIMITED
REGISTERED NUMBER: 05431412
COMPANY BALANCE SHEET
AS AT 31 MARCH 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
The notes on pages 21 to 42 form part of these financial statements.
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AT JONES HOLDINGS LIMITED
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
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AT JONES HOLDINGS LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
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AT JONES HOLDINGS LIMITED
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
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AT JONES HOLDINGS LIMITED
CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
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AT JONES HOLDINGS LIMITED
CONSOLIDATED ANALYSIS OF NET DEBT
FOR THE YEAR ENDED 31 MARCH 2025
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
AT Jones Holdings Limited ("the company") is a private company limited by shares and is registered and incorporated in England and Wales. The registered office is 9 The Gardens, Fareham, England, PO16 8SS.
The accounting period is that of 12 months from 1 April 2024 to 31 March 2025. The group consists of AT Jones Holdings Limited and all of its subsidiaries. The company's and the group's principal activities and nature are as follows; AT Jones Holdings Limited - That of a holding company; A.T. Jones & Son Limited - That of the provision of specialist fit out services; ATJ Homes Limited - That of property development ATJ Plant Limited - That of a plant leasing company; ATJ Facades Limited - That of a dormant company.. ATJ People Limited - That of a dormant company.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgment in applying the Group's accounting policies (see note 3).
The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of comprehensive income in these financial statements.
The following principal accounting policies have been applied:
The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated statement of comprehensive income from the date on which control is obtained. They are deconsolidated from the date control ceases.
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.Accounting policies (continued)
There continues to be a significant level of turbulence in the construction market. The overall economic uncertainty created by the many global events of the past few years continues to create economic uncertainty for businesses. This, coupled with the uncertainty within the UK markets and additional costs put on businesses from the 2024 budget and anticipated announcements in the 2025 budget, adds to the uncertainty.
Unsurprisingly, this continues to see a number of companies in the industry close down and has led to increased scrutiny of the performances of companies operating in our sectors and the ways inwhich we operate. Strategically, the Group’s focus since 2022 on improving our productivity and removing the duplication of processes is now coming to fruition and is in good shape operationally and financially.The Group continues to maintain a clear focus across each of our chosen sectors, revenues have again demonstrated a strong resilience, underpinned by our very strong relationships with both longstanding and new clients. Having taken the above into consideration, along with the expected performance over the foreseeable future (a forward order book for 2025/26 already shows we have secured circa £19m of our forecast revenue of circa £25m (76%)), the Directors consider that the ATJ Group has sufficient resources to continue to operate for a period of at least 12 months from the date of approval of the financial statements. Therefore, the Directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.Accounting policies (continued)
Functional and presentation currency
Transactions and balances
Revenue from contracts for the provision of fit out services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.Accounting policies (continued)
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only. Grants of a revenue nature are recognised in the Consolidated statement of comprehensive income in the same period as the related expenditure.
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.Accounting policies (continued)
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.Accounting policies (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as outlined below.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Page 26
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.Accounting policies (continued)
Provisions are charged as an expense to profit or loss in the year that the Group becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
The Group has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Group's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Basic financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Group after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans, other loans and loans due to fellow group companies are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary
Page 27
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.Accounting policies (continued)
course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Critical judgements The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements. Revenue A high proportion of job contracts entered into span the period end. On each job an independent external valuer regularly reviews the stage of completion of each project and provides valuation certificates. Revenue is recognised based on these valuations. For job contracts spanning the period end, judgement is applied in recognising the appropriate amount of revenues based on work performed up to the period end since the latest valuation certification.
Page 28
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page 29
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page 30
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page 31
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page 32
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
12.Taxation (continued)
The group has tax losses of £850,111 to carry forward and utilise against future profits.
Page 33
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page 34
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page 35
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page 36
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page 37
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page 38
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page 39
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
22.Deferred taxation (continued)
Profit and loss account
Page 40
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
The Group is in correspondence with HMRC regarding a technical matter under the Construction Industry Scheme (CIS). This matter is procedural in nature and relates to the verification of subcontractor status. External tax counsel has advised that the Group has a strong legal position, and, on the basis of this advice, management does not consider any material liability is likely to arise. Accordingly, no provision has been made in these financial statements, in line with the requirements of FRS 102, Section 21.
The Group opreates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company In an independently administered fund. Contributions totalling £2,651 (2024 - £43,170) were payable to the fund at the reporting date and are included in other creditors. During the year contributions to the scheme totalled £53,513 (2024 - £115,311).
Included within other debtors is £384,537 (2024 - £590,019) due from the directors. During the year advances of £111,848 (2024 - £615,119) were made, and credits received of £317,330 (2024 - £959,153).
Interest is charged on the loans at HMRC official rate.
Page 41
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AT JONES HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
The ultimate controlling party is deemed to be Dale Harper-Jones by virtue of his shareholding.
Page 42
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