Company Registration No. 13360221 (England and Wales)
JK JONES DEVELOPMENTS LIMITED
Unaudited accounts
for the year ended 31 March 2023
JK JONES DEVELOPMENTS LIMITED
Unaudited accounts
Contents
JK JONES DEVELOPMENTS LIMITED
Company Information
for the year ended 31 March 2023
Directors
Justin Jones
Kirstie Jones
Company Number
13360221 (England and Wales)
Registered Office
7 HERBERT TERRACE
PENARTH
CF64 2AH
WALES
Accountants
Evans Entwistle
Villa House
7 Herbert Terrace
Penarth
Vale of Glamorgan
CF64 2AH
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
JK JONES DEVELOPMENTS LIMITED
for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of JK JONES DEVELOPMENTS LIMITED for the year ended 31 March 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Member in Practice
Villa House
7 Herbert Terrace
Penarth
Vale of Glamorgan
CF64 2AH
2 October 2023
JK JONES DEVELOPMENTS LIMITED
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
5,307
1,050
Creditors: amounts falling due within one year
(1,359)
(579)
Net current assets
3,948
471
Total assets less current liabilities
4,306
471
Creditors: amounts falling due after more than one year
(3,746)
(48)
Provisions for liabilities
Called up share capital
2
2
Profit and loss account
490
421
Shareholders' funds
492
423
For the year ending 31 March 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2023 and were signed on its behalf by
Justin Jones
Director
Company Registration No. 13360221
JK JONES DEVELOPMENTS LIMITED
Notes to the Accounts
for the year ended 31 March 2023
JK JONES DEVELOPMENTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13360221. The registered office is 7 HERBERT TERRACE, PENARTH, CF64 2AH, WALES.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
JK JONES DEVELOPMENTS LIMITED
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Computer equipment
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
855
99
6
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
3,746
48
7
Deferred taxation
2023
2022
Accelerated capital allowances
68
-
Charged to the profit and loss account
68
-
Provision at end of year
68
-
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 2 (2022: 0).
