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 2023

Period of accounts

Start date: 01 February 2022

End date: 31 January 2023

H.JONES & SON(GROCERS)LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2023

Balance sheet
Notes

H.JONES & SON(GROCERS)LIMITED

Balance sheet

As at 31 January 2023


Notes
2023
2022


£
£
Fixed assets
Tangible assets: 3 319,728 376,997
Total fixed assets: 319,728 376,997
Current assets
Stocks: 238,200 242,075
Debtors:   239,016 254,453
Cash at bank and in hand: 94,380 67,158
Total current assets: 571,596 563,686
Creditors: amounts falling due within one year: 4 (539,189) (442,234)
Net current assets (liabilities): 32,407 121,452
Total assets less current liabilities: 352,135 498,449
Creditors: amounts falling due after more than one year: 5 (22,533) (132,110)
Provision for liabilities: (22,328) (22,642)
Total net assets (liabilities): 307,274 343,697
Capital and reserves
Called up share capital: 4,000 4,000
Profit and loss account: 303,274 339,697
Shareholders funds: 307,274 343,697

The notes form part of these financial statements

H.JONES & SON(GROCERS)LIMITED

Balance sheet statements

For the year ending 31 January 2023 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 27 October 2023
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 2023

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 or 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 and fittings - 10% reducing balanceMotor vehicles - 25% reducing balanceComputer equipment - 20% reducing balanceFreehold land and buildings - 2% straight line

Other accounting policies

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 2023

2. Employees

2023 2022
Average number of employees during the period 32 36

H.JONES & SON(GROCERS)LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

3. Tangible Assets

Total
Cost £
At 01 February 2022 1,294,196
Additions 13,915
Disposals (129,899)
At 31 January 2023 1,178,212
Depreciation
At 01 February 2022 917,199
Charge for year 23,499
On disposals (82,214)
At 31 January 2023 858,484
Net book value
At 31 January 2023 319,728
At 31 January 2022 376,997

H.JONES & SON(GROCERS)LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

4. Creditors: amounts falling due within one year note

Bank loan - £10,800Trade creditors - £123,213Corporation tax - £4Other taxation and social security - £24,424Directors' current accounts - £334,842Other - £265Accruals and deferred income - £45,641Total creditors - £539,189

H.JONES & SON(GROCERS)LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

5. Creditors: amounts falling due after more than one year note

Bank loan - £22,533Total creditors - £22,533