Ross Jones Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 08213672 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2022

for

Ross Jones Limited

Trading as

Caremark (Sefton)

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D V Richards

Mrs J R Pye

REGISTERED OFFICE:

Birkdale Business Centre

Weld Parade

Weld Road

Southport

Merseyside

PR8 2DT

REGISTERED NUMBER:

08213672 (England and Wales)

ACCOUNTANTS:

Topping & Company

Chartered Accountants

209 Liverpool Road

Birkdale

Southport

Merseyside

PR8 4PH

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

3,508

5,758

3,508

5,758

CURRENT ASSETS

Debtors

6

59,936

46,995

Cash at bank and in hand

20,611

34,381

80,547

81,376

CREDITORS

Amounts falling due within one year

7

46,034

37,988

NET CURRENT ASSETS

34,513

43,388

TOTAL ASSETS LESS CURRENT LIABILITIES

38,021

49,146

CREDITORS

Amounts falling due after more than one year

8

(36,864

)

(48,489

)

PROVISIONS FOR LIABILITIES

(66

)

(361

)

NET ASSETS

1,091

296

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

991

196

1,091

296

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 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 and authorised for issue on 9 August 2023 and were signed on its behalf by:

D V Richards - Director

1.	STATUTORY INFORMATION

Ross Jones Limited is a private limited company, incorporated and registered in England and Wales (registered number 08213672). The address of the registered office is Birkdale Business Centre, Weld Road, Southport, Merseyside, PR8 2DT. The principal activity of the company is that of delivering care and support services.

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.

The company's functional and presentational currency is GBP.

Turnover

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

The company delivers care and support services. The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.

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.

Intangible assets of the company comprise of franchise fees and are being amortised evenly over their estimated useful life of 5 years.

Tangible fixed assets

All tangible assets are initially recorded at cost. Cost includes all expenditure directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner included by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office Equipment: 15% - 25% reducing balance and 20%, 25%, 33.3% and 50% straight line

Motor Vehicle: 19.03% straight line

At each reporting date the carrying value of the company's tangible fixed assets are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or related group of assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of assets in prior periods. A reversal of an impairment loss is recognised immediately in profit or loss.

Taxation

Taxation for the year comprises current tax 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 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 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.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans from related parties.

Financial assets that are measured at cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Short term debtors are measured at transaction price, less any impairment.

Short term creditors are measured at transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Coronavirus (covid-19)

Coronavirus (Covid-19) grants are recognised as income in the Company's profit or loss. Such grants are in respect of claims made to Her Majesty Revenue and Customs for employees furloughed in accordance with the Coronavirus Job Retention Scheme which are recognised on a receivable basis. Business Rate Relief grants and other grants that the Company is entitled to received from local councils are recognised on a received basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2021 - 48 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2022

and 31 December 2022

35,400

AMORTISATION

At 1 January 2022

and 31 December 2022

35,400

NET BOOK VALUE

At 31 December 2022

-

At 31 December 2021

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2022

17,058

Additions

155

At 31 December 2022

17,213

DEPRECIATION

At 1 January 2022

11,300

Charge for year

2,405

At 31 December 2022

13,705

NET BOOK VALUE

At 31 December 2022

3,508

At 31 December 2021

5,758

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade debtors

28,718

9,700

Other debtors

31,218

37,295

59,936

46,995

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Bank loans and overdrafts

10,293

3,985

Hire purchase contracts

1,583

1,583

Trade creditors

5,338

3,740

Taxation and social security

12,786

17,486

Other creditors

16,034

11,194

46,034

37,988

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.22

31.12.21

£

£

Bank loans

36,352

46,541

Hire purchase contracts

512

1,948

36,864

48,489

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

6,357

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £10,000 were paid to the directors .

10.	CORONAVIRUS (COVID-19)

As with most businesses the Company has been impacted by the Coronavirus (Covid-19) pandemic. This has had an impact on the Company's operations, customers, suppliers and staff. The Company has utilised the grants and benefits available from the Government, and local council, and is taking all the steps it can to protect the future of its business. The Company furloughed some of its staff members during the period under review. Although the total impact is still uncertain, the Director believes that it is appropriate to prepare the accounts on a going concern basis.