Jackson, Jackson Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04523444 (England and Wales)

Financial Statements

for the Year Ended 31 March 2020

for

Jackson, Jackson Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

K T Rhodes FCA

Mrs J R Rhodes FCCA

SECRETARY:

Mrs J R Rhodes FCCA

REGISTERED OFFICE:

19 Prospect Road

Ossett

WF5 8AE

REGISTERED NUMBER:

04523444 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

206

276

206

276

CURRENT ASSETS

Debtors

6

38,191

31,175

Cash at bank and in hand

11,177

23,882

49,368

55,057

CREDITORS

Amounts falling due within one year

7

20,407

21,376

NET CURRENT ASSETS

28,961

33,681

TOTAL ASSETS LESS CURRENT LIABILITIES

29,167

33,957

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

29,166

33,956

SHAREHOLDERS' FUNDS

29,167

33,957

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 December 2020 and were signed on its behalf by:

K T Rhodes FCA - Director

1.	STATUTORY INFORMATION

Jackson, Jackson 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 represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of five years.

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.

Fixtures and fittings

-

25% on reducing balance and 4% on cost

Computer equipment

-

100% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

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 5 (2019 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2019

and 31 March 2020

52,091

AMORTISATION

At 1 April 2019

and 31 March 2020

52,091

NET BOOK VALUE

At 31 March 2020

-

At 31 March 2019

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

19,225

Additions

3,101

Disposals

(6,266

)

At 31 March 2020

16,060

DEPRECIATION

At 1 April 2019

18,949

Charge for year

3,171

Eliminated on disposal

(6,266

)

At 31 March 2020

15,854

NET BOOK VALUE

At 31 March 2020

206

At 31 March 2019

276

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

38,191

31,175

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

-

239

Taxation and social security

17,235

19,078

Other creditors

3,172

2,059

20,407

21,376

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the director K Rhodes.