Jacksons (Cumbria) Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 06854339 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2022

for

Jacksons (Cumbria) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Jackson

N L Jackson

D Jackson

SECRETARY:

REGISTERED OFFICE:

3 Victoria Street

Windermere

Cumbria

LA23 1AD

REGISTERED NUMBER:

06854339 (England and Wales)

ACCOUNTANTS:

A.F.McGhee & Co.

Chartered Accountants

1st Floor Offices,

54 Main Road

Windermere

Cumbria

LA23 1DX

FIXED ASSETS

Tangible assets

3

56,605

4,438

CURRENT ASSETS

Debtors

4

15,332

29,476

Cash at bank

24,117

21,334

39,449

50,810

CREDITORS

Amounts falling due within one year

5

26,659

17,174

NET CURRENT ASSETS

12,790

33,636

TOTAL ASSETS LESS CURRENT LIABILITIES

69,395

38,074

CREDITORS

Amounts falling due after more than one year

6

25,417

-

NET ASSETS

43,978

38,074

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

43,878

37,974

SHAREHOLDERS' FUNDS

43,978

38,074

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 June 2023 and were signed on its behalf by:

C Jackson - Director

N L Jackson - Director

1.	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.

Plant and machinery

-

25% on reducing balance

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.

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2021 - 7 ) .

3.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 October 2021

10,849

-

10,849

Additions

1,862

59,290

61,152

At 30 September 2022

12,711

59,290

72,001

DEPRECIATION

At 1 October 2021

6,411

-

6,411

Charge for year

1,575

7,410

8,985

At 30 September 2022

7,986

7,410

15,396

NET BOOK VALUE

At 30 September 2022

4,725

51,880

56,605

At 30 September 2021

4,438

-

4,438

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

Motor

vehicles

£

COST

Additions

59,290

At 30 September 2022

59,290

DEPRECIATION

Charge for year

7,410

At 30 September 2022

7,410

NET BOOK VALUE

At 30 September 2022

51,880

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.22

30.9.21

£

£

Other debtors

6,291

24,000

Prepayments and accrued income

9,041

5,476

15,332

29,476

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.22

30.9.21

£

£

Hire purchase contracts

3,709

-

Amounts owed to group undertakings

9,000

-

Tax

-

6,771

Social security and other taxes

7,978

6,783

Directors' current accounts

1,673

1,259

Accrued expenses

4,299

2,361

26,659

17,174

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.22

30.9.21

£

£

Hire purchase contracts

25,417

-

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.22

30.9.21

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Retained

earnings

£

At 1 October 2021

37,974

Profit for the year

25,904

Dividends

(20,000

)

At 30 September 2022

43,878

9.	ULTIMATE CONTROLLING PARTY

The share capital of Jacksons (Cumbria) Limited is wholly owned by CJNJ Limited.