Jarvis Jones Joinery Ltd - Accounts to registrar (filleted) - small 18.2

Jarvis Jones Joinery Ltd - Accounts to registrar (filleted) - small 18.2

JARVIS JONES JOINERY LIMITED - Company Information

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REGISTERED NUMBER: 09448931 (England and Wales)










Jarvis Jones Joinery Ltd

Unaudited Financial Statements

for the Year Ended 28 February 2019





Jarvis Jones Joinery Ltd (Registered number: 09448931)






Contents of the Financial Statements
for the year ended 28 February 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jarvis Jones Joinery Ltd

Company Information
for the year ended 28 February 2019







DIRECTORS: M S Jarvis
B Jones





REGISTERED OFFICE: 4 Paradise Crescent
Paradise Road
Penmaenmawr
Conwy
LL34 6AR





REGISTERED NUMBER: 09448931 (England and Wales)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN
Page 1
Jarvis Jones Joinery Ltd (Registered number: 09448931)

Balance Sheet
28 February 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,549 155,277
Investment property 5 569,905 -
574,454 155,277

CURRENT ASSETS
Stocks 60,000 418,003
Debtors 6 93,033 82,134
Cash at bank 75,002 108,574
228,035 608,711
CREDITORS
Amounts falling due within one year 7 126,425 174,036
NET CURRENT ASSETS 101,610 434,675
TOTAL ASSETS LESS CURRENT
LIABILITIES
676,064
589,952

CREDITORS
Amounts falling due after more than one
year
8
276,759
293,638
NET ASSETS 399,305 296,314

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 399,205 296,214
SHAREHOLDERS' FUNDS 399,305 296,314

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these financial statements

Page 2 continued...
Jarvis Jones Joinery Ltd (Registered number: 09448931)

Balance Sheet - continued
28 February 2019


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 Board of Directors on 7 November 2019 and were signed on its behalf
by:




M S Jarvis - Director



B Jones - Director


The notes form part of these financial statements

Page 3
Jarvis Jones Joinery Ltd (Registered number: 09448931)

Notes to the Financial Statements
for the year ended 28 February 2019

1. STATUTORY INFORMATION

Jarvis Jones Joinery Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

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 Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws
that have been enacted or substantively enacted by the year end and 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.

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.

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 6 (2018 - 4 ) .

Page 4 continued...
Jarvis Jones Joinery Ltd (Registered number: 09448931)

Notes to the Financial Statements - continued
for the year ended 28 February 2019

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2018 151,902 13,092 164,994
Additions - 5,883 5,883
At 28 February 2019 151,902 18,975 170,877
DEPRECIATION
At 1 March 2018 - 9,717 9,717
Charge for year - 4,709 4,709
Reclassification/transfer 151,902 - 151,902
At 28 February 2019 151,902 14,426 166,328
NET BOOK VALUE
At 28 February 2019 - 4,549 4,549
At 28 February 2018 151,902 3,375 155,277

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Reclassification/transfer 569,905
At 28 February 2019 569,905
NET BOOK VALUE
At 28 February 2019 569,905

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 30,569 16,111
Other debtors 62,464 66,023
93,033 82,134

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Bank loans and overdrafts 29,940 29,460
Trade creditors 1 1,056
Taxation and social security 35,316 45,461
Other creditors 61,168 98,059
126,425 174,036

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2019 2018
£    £   
Bank loans 276,759 293,638

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 276,759 293,638

Page 5 continued...
Jarvis Jones Joinery Ltd (Registered number: 09448931)

Notes to the Financial Statements - continued
for the year ended 28 February 2019

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the directors on the basis that together they own all of the issued share capital
in its entirety.

Page 6