IRIS Accounts Production v22.1.4.3 00905981 director 1.4.21 31.3.22 31.3.22 6.9.22 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure009059812021-03-31009059812022-03-31009059812021-04-012022-03-31009059812020-03-31009059812020-04-012021-03-31009059812021-03-3100905981ns16:EnglandWales2021-04-012022-03-3100905981ns15:PoundSterling2021-04-012022-03-3100905981ns11:Director12021-04-012022-03-3100905981ns11:PrivateLimitedCompanyLtd2021-04-012022-03-3100905981ns11:SmallEntities2021-04-012022-03-3100905981ns11:Audited2021-04-012022-03-3100905981ns11:SmallCompaniesRegimeForDirectorsReport2021-04-012022-03-3100905981ns11:SmallCompaniesRegimeForAccounts2021-04-012022-03-3100905981ns11:FullAccounts2021-04-012022-03-3100905981ns11:OrdinaryShareClass12021-04-012022-03-3100905981ns11:RegisteredOffice2021-04-012022-03-3100905981ns6:CurrentFinancialInstruments2022-03-3100905981ns6:CurrentFinancialInstruments2021-03-3100905981ns6:Non-currentFinancialInstruments2022-03-3100905981ns6:Non-currentFinancialInstruments2021-03-3100905981ns6:ShareCapital2022-03-3100905981ns6:ShareCapital2021-03-3100905981ns6:RetainedEarningsAccumulatedLosses2022-03-3100905981ns6:RetainedEarningsAccumulatedLosses2021-03-3100905981ns6:OwnedOrFreeholdAssetsns6:LandBuildings2021-04-012022-03-3100905981ns6:LeaseholdImprovements2021-04-012022-03-3100905981ns6:PlantMachinery2021-04-012022-03-3100905981ns6:MotorVehicles2021-04-012022-03-3100905981ns6:LandBuildings2021-03-3100905981ns6:LeaseholdImprovements2021-03-3100905981ns6:PlantMachinery2021-03-3100905981ns6:LandBuildings2021-04-012022-03-3100905981ns6:LandBuildings2022-03-3100905981ns6:LeaseholdImprovements2022-03-3100905981ns6:PlantMachinery2022-03-3100905981ns6:LandBuildings2021-03-3100905981ns6:LeaseholdImprovements2021-03-3100905981ns6:PlantMachinery2021-03-3100905981ns6:FurnitureFittings2021-03-3100905981ns6:MotorVehicles2021-03-3100905981ns6:FurnitureFittings2021-04-012022-03-3100905981ns6:FurnitureFittings2022-03-3100905981ns6:MotorVehicles2022-03-3100905981ns6:FurnitureFittings2021-03-3100905981ns6:MotorVehicles2021-03-3100905981ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2021-03-3100905981ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2021-03-3100905981ns6:LeasedAssetsHeldAsLessee2021-03-3100905981ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2021-04-012022-03-3100905981ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2021-04-012022-03-3100905981ns6:LeasedAssetsHeldAsLessee2021-04-012022-03-3100905981ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-03-3100905981ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2022-03-3100905981ns6:LeasedAssetsHeldAsLessee2022-03-3100905981ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2021-03-3100905981ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2021-03-3100905981ns6:LeasedAssetsHeldAsLessee2021-03-3100905981ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3100905981ns6:WithinOneYearns6:CurrentFinancialInstruments2021-03-3100905981ns6:DeferredTaxation2021-03-3100905981ns6:DeferredTaxation2021-04-012022-03-3100905981ns6:DeferredTaxation2022-03-3100905981ns11:OrdinaryShareClass12022-03-31
REGISTERED NUMBER: 00905981 (England and Wales)















Financial Statements for the Year Ended 31 March 2022

for

J. A. Jackson Contractors (Preston)
Limited

J. A. Jackson Contractors (Preston)
Limited (Registered number: 00905981)

Contents of the Financial Statements
for the Year Ended 31 March 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J. A. Jackson Contractors (Preston)
Limited

Company Information
for the Year Ended 31 March 2022







DIRECTOR: A G Duckett





REGISTERED OFFICE: Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB





REGISTERED NUMBER: 00905981 (England and Wales)





AUDITORS: Bennett Kirkhope Smith Ltd
Chartered Certified Accountants
and Statutory Auditors
Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB

J. A. Jackson Contractors (Preston)
Limited (Registered number: 00905981)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,153,244 6,593,352

CURRENT ASSETS
Stocks 5 219,863 200,000
Debtors 6 6,274,893 5,634,871
Cash at bank and in hand 732,052 505,981
7,226,808 6,340,852
CREDITORS
Amounts falling due within one year 7 2,339,335 1,907,336
NET CURRENT ASSETS 4,887,473 4,433,516
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,040,717

11,026,868

CREDITORS
Amounts falling due after more than
one year

8

(111,240

)

(290,761

)

PROVISIONS FOR LIABILITIES 10 (532,150 ) (342,500 )
NET ASSETS 10,397,327 10,393,607

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 10,397,227 10,393,507
SHAREHOLDERS' FUNDS 10,397,327 10,393,607

J. A. Jackson Contractors (Preston)
Limited (Registered number: 00905981)

Balance Sheet - continued
31 March 2022


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 director and authorised for issue on 6 September 2022 and were signed by:





A G Duckett - Director


J. A. Jackson Contractors (Preston)
Limited (Registered number: 00905981)

Notes to the Financial Statements
for the Year Ended 31 March 2022


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 and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


J. A. Jackson Contractors (Preston)
Limited (Registered number: 00905981)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022


2. ACCOUNTING POLICIES - continued
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 40 (2021 - 50 ) .

J. A. Jackson Contractors (Preston)
Limited (Registered number: 00905981)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022


4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2021 1,930,803 3,498,310 6,351,397
Additions - - 680,893
Disposals - - (279,875 )
At 31 March 2022 1,930,803 3,498,310 6,752,415
DEPRECIATION
At 1 April 2021 - 3,337,060 3,801,961
Charge for year - 30,257 538,795
Eliminated on disposal - - (74,985 )
At 31 March 2022 - 3,367,317 4,265,771
NET BOOK VALUE
At 31 March 2022 1,930,803 130,993 2,486,644
At 31 March 2021 1,930,803 161,250 2,549,436

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2021 5,458 2,675,944 14,461,912
Additions 5,692 500,815 1,187,400
Disposals - (681,092 ) (960,967 )
At 31 March 2022 11,150 2,495,667 14,688,345
DEPRECIATION
At 1 April 2021 1,721 727,818 7,868,560
Charge for year 1,338 299,479 869,869
Eliminated on disposal - (128,343 ) (203,328 )
At 31 March 2022 3,059 898,954 8,535,101
NET BOOK VALUE
At 31 March 2022 8,091 1,596,713 6,153,244
At 31 March 2021 3,737 1,948,126 6,593,352

J. A. Jackson Contractors (Preston)
Limited (Registered number: 00905981)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022


4. TANGIBLE FIXED ASSETS - continued

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 2021 1,367,600 1,012,416 2,380,016
Disposals - (185,408 ) (185,408 )
Transfer to ownership (757,000 ) (652,240 ) (1,409,240 )
At 31 March 2022 610,600 174,768 785,368
DEPRECIATION
At 1 April 2021 350,424 321,250 671,674
Charge for year 73,272 20,972 94,244
Eliminated on disposal - (44,497 ) (44,497 )
Transfer to ownership (203,880 ) (234,809 ) (438,689 )
At 31 March 2022 219,816 62,916 282,732
NET BOOK VALUE
At 31 March 2022 390,784 111,852 502,636
At 31 March 2021 1,017,176 691,166 1,708,342

5. STOCKS
31.3.22 31.3.21
£    £   
Work-in-progress 27,165 -
Stocks 192,698 200,000
219,863 200,000

J. A. Jackson Contractors (Preston)
Limited (Registered number: 00905981)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 3,015,645 2,384,847
Bad debt provision (5,599 ) -
Other debtors 27,496 18,786
Chainlink Holding Company 3,009,719 3,017,535
J A Jackson Contractors (Mold)
Limited

-

80,000
Prepayments and accrued income 227,632 133,703
6,274,893 5,634,871

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Hire purchase contracts 79,400 589,072
Trade creditors 1,033,610 699,952
Corporation tax 31,530 290,963
Social security and other taxes 43,316 26,698
VAT 334,952 280,343
Aggregates levy 5,752 5,642
J A Jackson Contractors (Leyland)
Limited

610,000

-
Directors' current accounts - 1,714
Accrued expenses 200,775 12,952
2,339,335 1,907,336

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.22 31.3.21
£    £   
Hire purchase contracts 111,240 290,761

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.22 31.3.21
£    £   
Hire purchase contracts 190,640 879,833

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

J. A. Jackson Contractors (Preston)
Limited (Registered number: 00905981)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022


10. PROVISIONS FOR LIABILITIES
31.3.22 31.3.21
£    £   
Deferred tax 532,150 342,500

Deferred
tax
£   
Balance at 1 April 2021 342,500
Provided during year 189,650
Balance at 31 March 2022 532,150

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.22 31.3.21
value: £    £   
100 Ordinary £1 100 100

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

T Bennett ACA FCCA CTA (Senior Statutory Auditor)
for and on behalf of Bennett Kirkhope Smith Ltd

13. 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.

14. 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.

J. A. Jackson Contractors (Preston)
Limited (Registered number: 00905981)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022


15. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A G Duckett.

Chain Link Holding Company Limited (incorporated in the United Kingdom) is the company's ultimate parent undertaking.

The parent company of the smallest and largest Group to include the Company within its consolidated financial statements is Chain Link Holding Company Limited. Copies of these financial statements are available from Suites 5 & 6, The Printworks, Hey Road, Barrow, Clitheroe, Lancashire, BB7 9WB.