J A Jackson Contractors (Preston)Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00905981 (England and Wales)

Financial Statements for the Year Ended 31 March 2019

for

J. A. Jackson Contractors (Preston)

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A G Duckett

SECRETARY:

Casered Ltd

REGISTERED OFFICE:

Suites 5 & 6 The Printworks

Hey Road

Barrow

Clitheroe

Lancashire

BB7 9WB

REGISTERED NUMBER:

00905981 (England and Wales)

ACCOUNTANTS:

Bennett Kirkhope Smith

Chartered Certified Accountants

Suites 5 & 6 The Printworks

Hey Road

Barrow

Clitheroe

Lancashire

BB7 9WB

FIXED ASSETS

Tangible assets

4

5,373,963

4,900,909

CURRENT ASSETS

Stocks

82,000

65,840

Debtors

5

3,578,080

3,579,224

Cash at bank and in hand

1,240,220

807,636

4,900,300

4,452,700

CREDITORS

Amounts falling due within one year

6

1,111,471

1,283,734

NET CURRENT ASSETS

3,788,829

3,168,966

TOTAL ASSETS LESS CURRENT LIABILITIES

9,162,792

8,069,875

CREDITORS

Amounts falling due after more than one year

7

(601,664

)

-

PROVISIONS FOR LIABILITIES

9

(72,330

)

(53,010

)

NET ASSETS

8,488,798

8,016,865

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8,488,698

8,016,765

SHAREHOLDERS' FUNDS

8,488,798

8,016,865

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 25 July 2019 and were signed by:

A G Duckett - Director

1.	STATUTORY INFORMATION

J. A. Jackson Contractors (Preston) 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

not provided

Improvements to property

-

12% on cost

Plant and machinery

-

12% on cost

Motor vehicles

-

12% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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.

Deferred tax

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The

capital element of the future payments is treated as a liability.

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.

Operating lease income

Income from the letting of assets held for use in operating leases is recognised evenly over the period

of hire.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2018 - 38 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 April 2018

1,848,964

3,330,180

5,432,101

Additions

81,839

57,833

1,010,683

Disposals

-

-

(703,575

)

At 31 March 2019

1,930,803

3,388,013

5,739,209

DEPRECIATION

At 1 April 2018

-

3,266,906

3,339,656

Charge for year

-

18,500

504,749

Eliminated on disposal

-

-

(328,089

)

At 31 March 2019

-

3,285,406

3,516,316

NET BOOK VALUE

At 31 March 2019

1,930,803

102,607

2,222,893

At 31 March 2018

1,848,964

63,274

2,092,445

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 April 2018

-

1,759,218

12,370,463

Additions

3,424

679,239

1,833,018

Disposals

-

(533,878

)

(1,237,453

)

At 31 March 2019

3,424

1,904,579

12,966,028

DEPRECIATION

At 1 April 2018

-

862,992

7,469,554

Charge for year

411

220,943

744,603

Eliminated on disposal

-

(294,003

)

(622,092

)

At 31 March 2019

411

789,932

7,592,065

NET BOOK VALUE

At 31 March 2019

3,013

1,114,647

5,373,963

At 31 March 2018

-

896,226

4,900,909

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2018

229,695

-

229,695

Additions

524,750

652,239

1,176,989

Transfer to ownership

(229,695

)

-

(229,695

)

At 31 March 2019

524,750

652,239

1,176,989

DEPRECIATION

At 1 April 2018

46,486

-

46,486

Charge for year

62,970

78,269

141,239

Transfer to ownership

(46,486

)

-

(46,486

)

At 31 March 2019

62,970

78,269

141,239

NET BOOK VALUE

At 31 March 2019

461,780

573,970

1,035,750

At 31 March 2018

183,209

-

183,209

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

1,685,095

2,128,155

Other debtors

1,892,985

1,451,069

3,578,080

3,579,224

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Hire purchase contracts

337,268

47,813

Trade creditors

584,075

407,826

Taxation and social security

177,046

673,534

Other creditors

13,082

154,561

1,111,471

1,283,734

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.19

31.3.18

£

£

Hire purchase contracts

601,664

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.19

31.3.18

£

£

Hire purchase contracts

938,932

47,813

The hire purchase creditor is secured on the assets to which it relates.

9.	PROVISIONS FOR LIABILITIES

31.3.19

31.3.18

£

£

Deferred tax

72,330

53,010

Deferred

tax

£

Balance at 1 April 2018

53,010

Charge to Income Statement during year

19,320

Balance at 31 March 2019

72,330

10.	CONTINGENT LIABILITIES

The planning permission for the quarry at Lightfoot Green Lane includes an obligation to restore the

site by December 2023. A provision has not been recognised as the costs of restoring the site can not

be estimated with certainty.

11.	CAPITAL COMMITMENTS

31.3.19

31.3.18

£

£

Contracted but not provided for in the

financial statements

-

330,500

12.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102

'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related

party transactions with wholly owned subsidiaries within the group.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A G Duckett.