A. F. Jones Stonemasons Limited - Accounts to registrar (filleted) - small 18.2
A. F. Jones Stonemasons Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2021 |
| FOR |
| A. F. JONES STONEMASONS LIMITED |
| A. F. JONES STONEMASONS LIMITED (REGISTERED NUMBER: 07112560) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 31 AUGUST 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| A. F. JONES STONEMASONS LIMITED |
| COMPANY INFORMATION |
| for the year ended 31 AUGUST 2021 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 1 High Street |
| Thatcham |
| Berks |
| RG19 3JG |
| A. F. JONES STONEMASONS LIMITED (REGISTERED NUMBER: 07112560) |
| BALANCE SHEET |
| 31 AUGUST 2021 |
| 31.8.21 | 31.8.20 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Retained earnings | 11 |
| SHAREHOLDERS' FUNDS |
| 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. |
| A. F. JONES STONEMASONS LIMITED (REGISTERED NUMBER: 07112560) |
| BALANCE SHEET - continued |
| 31 AUGUST 2021 |
| 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 and authorised for issue on |
| A. F. JONES STONEMASONS LIMITED (REGISTERED NUMBER: 07112560) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 31 AUGUST 2021 |
| 1. | STATUTORY INFORMATION |
| A. F. Jones Stonemasons Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents net invoiced sales of goods and services, excluding value added tax. |
| Goodwill |
| 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 |
| Improvements to property | - |
| Plant and machinery | - |
| Motor vehicles | - |
| Office equipment | - |
| Stocks |
| Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
| 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. |
| A. F. JONES STONEMASONS LIMITED (REGISTERED NUMBER: 07112560) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 AUGUST 2021 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 |
| 4. | INTANGIBLE FIXED ASSETS |
| Other |
| intangible |
| Goodwill | assets | Totals |
| £ | £ | £ |
| COST |
| At 1 September 2020 |
| Additions |
| At 31 August 2021 |
| AMORTISATION |
| At 1 September 2020 |
| Charge for year |
| At 31 August 2021 |
| NET BOOK VALUE |
| At 31 August 2021 |
| At 31 August 2020 |
| The company has acquired, the large masonry contracts business, of A F Jones & E T Sheppard, a long established stonemasonry, dating back to 1858. The large contracts business acquired, incorporates an enviable customer base and reputation, in major stone work and construction contracts. The business encompasses, carving, restorations, conservation and new build projects. |
| A. F. JONES STONEMASONS LIMITED (REGISTERED NUMBER: 07112560) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 AUGUST 2021 |
| 5. | TANGIBLE FIXED ASSETS |
| Improvements |
| to | Plant and | Motor | Office |
| property | machinery | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 September 2020 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 August 2021 |
| DEPRECIATION |
| At 1 September 2020 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 August 2021 |
| NET BOOK VALUE |
| At 31 August 2021 |
| At 31 August 2020 |
| 6. | DEBTORS |
| 31.8.21 | 31.8.20 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Amounts recoverable on contract |
| Other debtors |
| Amounts falling due after more than one year: |
| Amounts recoverable on contract |
| Aggregate amounts |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.8.21 | 31.8.20 |
| £ | £ |
| Bank loans and overdrafts (see note 9) |
| Hire purchase contracts |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | - | 52,880 |
| Other creditors |
| Deferred income | 26,495 | 33,028 |
| Directors' current accounts | 400,000 | 200,000 |
| Accrued expenses |
| A. F. JONES STONEMASONS LIMITED (REGISTERED NUMBER: 07112560) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 AUGUST 2021 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.8.21 | 31.8.20 |
| £ | £ |
| Bank loans (see note 9) |
| Other loans (see note 9) |
| Hire purchase contracts |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Loan from Director | 245,111 | 646,983 |
| 9. | LOANS |
| An analysis of the maturity of loans is given below: |
| 31.8.21 | 31.8.20 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Bank loans |
| Amounts falling due between two and five years: |
| Bank Loan | 400,000 | 500,000 |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Loan from Director | 245,111 | 646,983 |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.8.21 | 31.8.20 |
| value: | £ | £ |
| Ordinary | £1 | 20,000 | 20,000 |
| Non-Voting Ordinary | £1 | 1,400 | 850 |
| (31.8.20 - 850 ) |
| B Ordinary | £1 | 100 | 100 |
| C Ordinary | £1 | 100 | 100 |
| 21,600 | 21,050 |
| The following shares were issued during the year for cash at par : |
| 600 Non-Voting Ordinary shares of £1 |
| A. F. JONES STONEMASONS LIMITED (REGISTERED NUMBER: 07112560) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 AUGUST 2021 |
| 11. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 September 2020 |
| Profit for the year |
| Dividends | ( |
) |
| At 31 August 2021 |
| 12. | LOANS FROM DIRECTORS |
| The company has benefited from the following loans from Directors. |
| Short term loans included in Other Creditors due with in one year. |
| 31.08.21 | 31.08.20 |
| £ | £ |
| A G Jones | 300,000 | 150,000 |
| K A Jones | 100,000 | 50,000 |
| Long term loan from A G Jones in connection with the acquisition of the business in 2012. |
| 31.08.21 | 31.08.20 |
| £ | £ |
| Included in Other Creditors due within one year | - | - |
| Included in Other Creditors due in more than one year | 245,111 | 646,983 |
| Total loan outstanding | £245,111 | £646,983 |
| 13. | RELATED PARTY DISCLOSURES |
| During the year the company entered into transactions with A G Jones T/A - A F Jones and E T Sheppard, a business owned by a director, Mr A Jones. |
| The amounts were as follows: |
| 2021 | 2020 |
| £ | £ |
| Goods and services sold (Labour and materials recharged) | 44,386 | 28,621 |
| Costs recharged from A F Jones and E T Sheppard | 117,775 | 106,752 |
| At the Balance Sheet date the amount outstanding was £54,432 due from A G Jones T/A - A F Jones and E T Sheppard (2020: 40,7510). |
| The amounts are included on the Balance Sheet within Debtors. |
| The above transactions were carried out on normal commercial terms. |
| A. F. JONES STONEMASONS LIMITED (REGISTERED NUMBER: 07112560) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 AUGUST 2021 |
| 14. | ULTIMATE CONTROLLING PARTY |
| Mr A G Jones controls the company by virtue of a controlling interest of 51% of the issued ordinary share capital. |
| 2021 | 2020 |
| Mr A G Jones | 10,200 | 10,200 |
| Ms M L Alsop | 4,800 | 4,800 |
| Mr K Jones | 5,000 | 5,000 |