REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 March 2022 |
for |
J. A. Jackson Contractors (Preston) |
Limited |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
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 |
CURRENT ASSETS |
Stocks | 5 |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | 10 | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 11 |
Retained earnings |
SHAREHOLDERS' FUNDS |
J. A. Jackson Contractors (Preston) |
Limited (Registered number: 00905981) |
Balance Sheet - continued |
31 March 2022 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Freehold property | - |
Improvements to property | - |
Plant and machinery | - |
Motor vehicles | - |
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 |
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 |
Additions |
Disposals | ( |
) |
At 31 March 2022 |
DEPRECIATION |
At 1 April 2021 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 March 2022 |
NET BOOK VALUE |
At 31 March 2022 |
At 31 March 2021 |
Fixtures |
and | Motor |
fittings | vehicles | Totals |
£ | £ | £ |
COST |
At 1 April 2021 |
Additions |
Disposals | ( |
) | ( |
) |
At 31 March 2022 |
DEPRECIATION |
At 1 April 2021 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 31 March 2022 |
NET BOOK VALUE |
At 31 March 2022 |
At 31 March 2021 |
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 |
Disposals | ( |
) | ( |
) |
Transfer to ownership | (757,000 | ) | (652,240 | ) | (1,409,240 | ) |
At 31 March 2022 |
DEPRECIATION |
At 1 April 2021 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
Transfer to ownership | (203,880 | ) | (234,809 | ) | (438,689 | ) |
At 31 March 2022 |
NET BOOK VALUE |
At 31 March 2022 |
At 31 March 2021 |
5. | STOCKS |
31.3.22 | 31.3.21 |
£ | £ |
Work-in-progress |
Stocks |
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 |
Bad debt provision | (5,599 | ) | - |
Other debtors |
Chainlink Holding Company | 3,009,719 | 3,017,535 |
J A Jackson Contractors (Mold) Limited |
- |
80,000 |
Prepayments and accrued income |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.22 | 31.3.21 |
£ | £ |
Hire purchase contracts |
Trade creditors |
Corporation tax |
Social security and other taxes |
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 |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.3.22 | 31.3.21 |
£ | £ |
Hire purchase contracts |
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 |
Provided during year |
Balance at 31 March 2022 |
11. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.22 | 31.3.21 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
12. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
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 |
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. |