H.JONES & SON(GROCERS)LIMITED

H.JONES & SON(GROCERS)LIMITED

H.JONES & SON(GROCERS)LIMITED - Company Information

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H.JONES & SON(GROCERS)LIMITED

Company Registration Number:
00614525 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2021

Period of accounts

Start date: 01 February 2020

End date: 31 January 2021

H.JONES & SON(GROCERS)LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2021

Balance sheet
Notes

H.JONES & SON(GROCERS)LIMITED

Balance sheet

As at 31 January 2021


Notes
2021
2020


£
£
Fixed assets
Tangible assets: 3 400,996 430,168
Total fixed assets: 400,996 430,168
Current assets
Stocks: 286,125 229,165
Debtors:   248,945 301,784
Cash at bank and in hand: 64,199 50,442
Total current assets: 599,269 581,391
Creditors: amounts falling due within one year: 4 (443,866) (469,744)
Net current assets (liabilities): 155,403 111,647
Total assets less current liabilities: 556,399 541,815
Creditors: amounts falling due after more than one year:   (150,000) (100,000)
Provision for liabilities: (28,990) (28,990)
Total net assets (liabilities): 377,409 412,825
Capital and reserves
Called up share capital: 4,000 4,000
Profit and loss account: 373,409 408,825
Shareholders funds: 377,409 412,825

The notes form part of these financial statements

H.JONES & SON(GROCERS)LIMITED

Balance sheet statements

For the year ending 31 January 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 October 2021
and signed on behalf of the board by:

Name: Mr G Jones
Status: Director

The notes form part of these financial statements

H.JONES & SON(GROCERS)LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.

Tangible fixed assets and depreciation policy

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:Fixtures & fittings - 10% reducing balanceMotor vehicles - 25& reducing balanceComputer equipment - 20% reducing balanceFreehold land & buildings - 2% straight line

Valuation and information policy

StocksStocks 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 expenditure and an appropriate proportion of fixed and variable overheads.

H.JONES & SON(GROCERS)LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2021

2. Employees

2021 2020
Average number of employees during the period 12 0

H.JONES & SON(GROCERS)LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2021

3. Tangible Assets

Total
Cost £
At 01 February 2020 1,291,760
Additions 108
At 31 January 2021 1,291,868
Depreciation
At 01 February 2020 861,592
Charge for year 29,280
At 31 January 2021 890,872
Net book value
At 31 January 2021 400,996
At 31 January 2020 430,168

H.JONES & SON(GROCERS)LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2021

4. Creditors: amounts falling due within one year note

Trade creditors 94297Corporation tax 4Other taxation & social security 28022Directors' current accounts 284820Other 2810Accruals & deferred income 33913Total creditors 443866