Jackson'S Art Supplies Ltd - Accounts to registrar (filleted) - small 18.2

Jackson'S Art Supplies Ltd - Accounts to registrar (filleted) - small 18.2

JACKSON'S ART SUPPLIES LTD. - Company Information

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REGISTERED NUMBER: 03913002 (England and Wales)

















JACKSON'S ART SUPPLIES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST DECEMBER 2018






JACKSON'S ART SUPPLIES LTD (REGISTERED NUMBER: 03913002)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2018




Page

Company Information 1

Chartered Certified Accountants' Report 2

Abridged Balance Sheet 3

Notes to the Financial Statements 4


JACKSON'S ART SUPPLIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2018







DIRECTORS: M K C Venus
G L Thompson





REGISTERED OFFICE: 1 Fairleigh Place
London
N16 7SX





REGISTERED NUMBER: 03913002 (England and Wales)





ACCOUNTANTS: Keelings Limited
Chartered Tax Advisers and
Chartered Certified Accountants
Broad House
1 The Broadway
Old Hatfield
Herts
AL9 5BG
Page 1
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
JACKSON'S ART SUPPLIES LTD

The following reproduces the text of the report prepared for the directors 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 Abridged Income Statement and certain other primary statements and the Report of the
Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial
statements of Jackson'S Art Supplies Ltd for the year ended 31st December 2018 which comprise the Abridged Income Statement,
Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you
have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Jackson'S Art Supplies Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Jackson'S Art Supplies Ltd and state those matters that we have agreed to state to the Board of Directors of Jackson'S Art Supplies Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Jackson'S Art Supplies Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Jackson'S Art Supplies Ltd. You consider that Jackson'S Art Supplies Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Jackson'S Art Supplies Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Keelings Limited
Chartered Tax Advisers and
Chartered Certified Accountants
Broad House
1 The Broadway
Old Hatfield
Herts
AL9 5BG


27th September 2019

This page does not form part of the statutory financial statements

Page 2
JACKSON'S ART SUPPLIES LTD (REGISTERED NUMBER: 03913002)

ABRIDGED BALANCE SHEET
31ST DECEMBER 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,091,754 940,259
Investments 6 4,000 4,000
1,095,754 944,259

CURRENT ASSETS
Stocks 2,340,068 1,589,043
Debtors 253,944 109,484
Cash at bank 1,106,465 1,304,410
3,700,477 3,002,937
CREDITORS
Amounts falling due within one year 1,728,395 1,450,843
NET CURRENT ASSETS 1,972,082 1,552,094
TOTAL ASSETS LESS CURRENT
LIABILITIES
3,067,836
2,496,353

PROVISIONS FOR LIABILITIES 7 5,000 5,000
NET ASSETS 3,062,836 2,491,353

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 3,062,716 2,491,233
SHAREHOLDERS' FUNDS 3,062,836 2,491,353

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st December 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 27th September 2019 and were signed on its behalf by:



M K C Venus - Director


The notes form part of these financial statements

Page 3
JACKSON'S ART SUPPLIES LTD (REGISTERED NUMBER: 03913002)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2018

1. STATUTORY INFORMATION

Jackson'S Art Supplies Ltd 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 25% 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date.
Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction.
Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2017 - 42 ) .

Page 4 continued...
JACKSON'S ART SUPPLIES LTD (REGISTERED NUMBER: 03913002)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2018

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st January 2018
and 31st December 2018 40,500
AMORTISATION
At 1st January 2018
and 31st December 2018 40,500
NET BOOK VALUE

At 31st December 2018 -
At 31st December 2017 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st January 2018 1,151,013
Additions 227,312
At 31st December 2018 1,378,325
DEPRECIATION
At 1st January 2018 210,754
Charge for year 75,817
At 31st December 2018 286,571
NET BOOK VALUE
At 31st December 2018 1,091,754
At 31st December 2017 940,259

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1st January 2018
and 31st December 2018 4,000
NET BOOK VALUE
At 31st December 2018 4,000
At 31st December 2017 4,000

7. PROVISIONS FOR LIABILITIES
2018 2017
£    £   
Deferred tax 5,000 5,000

Page 5 continued...
JACKSON'S ART SUPPLIES LTD (REGISTERED NUMBER: 03913002)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2018

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st January 2018 5,000
Balance at 31st December 2018 5,000

Page 6