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

REGISTERED NUMBER: 04523444 (England and Wales)

Financial Statements

for the Year Ended 31 March 2018

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

368

494

368

494

CURRENT ASSETS

Debtors

6

50,602

53,107

Cash at bank and in hand

17,506

14,365

68,108

67,472

CREDITORS

Amounts falling due within one year

7

38,450

44,505

NET CURRENT ASSETS

29,658

22,967

TOTAL ASSETS LESS CURRENT LIABILITIES

30,026

23,461

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

30,025

23,460

SHAREHOLDERS' FUNDS

30,026

23,461

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 26 November 2018 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 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 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 6 (2017 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

52,091

AMORTISATION

At 1 April 2017

and 31 March 2018

52,091

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

and 31 March 2018

18,415

DEPRECIATION

At 1 April 2017

17,921

Charge for year

126

At 31 March 2018

18,047

NET BOOK VALUE

At 31 March 2018

368

At 31 March 2017

494

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

47,281

51,442

Amounts owed by group undertakings

3,321

1,665

50,602

53,107

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Amounts owed to associates

-

24,655

Taxation and social security

18,887

13,672

Other creditors

19,563

6,178

38,450

44,505

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the director K Rhodes.