Jones Interior Contracts Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04940846 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2023

for

Jones Interior Contracts Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTOR:

A Jones

REGISTERED OFFICE:

1st Floor William Jones House

Cambois

Blyth

Northumberland

NE24 1QY

REGISTERED NUMBER:

04940846 (England and Wales)

ACCOUNTANTS:

AWS Accountancy Limited

3 Berrymoor Court

Northumberland Business Park

Cramlington

Northumberland

NE23 7RZ

FIXED ASSETS

Tangible assets

4

4,143

6,387

CURRENT ASSETS

Stocks

-

25,574

Debtors

5

148,099

211,981

Cash at bank

68,833

-

216,932

237,555

CREDITORS

Amounts falling due within one year

6

70,812

107,029

NET CURRENT ASSETS

146,120

130,526

TOTAL ASSETS LESS CURRENT LIABILITIES

150,263

136,913

CREDITORS

Amounts falling due after more than one year

7

15,758

25,758

NET ASSETS

134,505

111,155

CAPITAL AND RESERVES

Called up share capital

601

600

Retained earnings

133,904

110,555

SHAREHOLDERS' FUNDS

134,505

111,155

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 16 January 2024 and were signed by:

A Jones - Director

1.	STATUTORY INFORMATION

Jones Interior Contracts Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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.

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 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 November 2022

41,510

3,763

45,273

Additions

-

1,265

1,265

At 31 October 2023

41,510

5,028

46,538

DEPRECIATION

At 1 November 2022

35,513

3,373

38,886

Charge for year

2,998

511

3,509

At 31 October 2023

38,511

3,884

42,395

NET BOOK VALUE

At 31 October 2023

2,999

1,144

4,143

At 31 October 2022

5,997

390

6,387

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.23

31.10.22

£

£

Trade debtors

88,978

146,723

Other debtors

-

3,022

Prepayments

5,683

532

VAT

32,274

61,704

Prepayments and accrued income

21,164

-

148,099

211,981

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.23

31.10.22

£

£

Bank loans and overdrafts

10,000

12,340

Hire purchase contracts

-

325

Trade creditors

27,895

50,187

Tax

9,401

8,671

Social security and other taxes

783

1,517

Other creditors

653

15,327

Accruals and deferred income

700

18,662

Accrued expenses

21,380

-

70,812

107,029

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.23

31.10.22

£

£

Bank loans > 1 year

15,758

25,758

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2023 set out on pages one to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

AWS Accountancy Limited

3 Berrymoor Court

Northumberland Business Park

Cramlington

Northumberland

NE23 7RZ

16 January 2024