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REGISTERED NUMBER: 01796324 (England and Wales)











JACKSON FINANCIAL PLANNING LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023






JACKSON FINANCIAL PLANNING LTD (REGISTERED NUMBER: 01796324)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


JACKSON FINANCIAL PLANNING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTOR: R A Jackson





SECRETARY: D R Jackson





REGISTERED OFFICE: Rye House,
Whitehill Road,
CROWBOROUGH,
East Sussex.
TN6 1NT





REGISTERED NUMBER: 01796324 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE

JACKSON FINANCIAL PLANNING LTD (REGISTERED NUMBER: 01796324)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 13,461 12,513
13,461 12,513

CURRENT ASSETS
Debtors 6 136,991 11,783
Investments 7 370 1,403
Cash at bank 66,727 138,224
204,088 151,410
CREDITORS
Amounts falling due within one year 8 82,603 47,951
NET CURRENT ASSETS 121,485 103,459
TOTAL ASSETS LESS CURRENT
LIABILITIES

134,946

115,972

PROVISIONS FOR LIABILITIES 3,365 2,377
NET ASSETS 131,581 113,595

CAPITAL AND RESERVES
Called up share capital 9 3,203 3,203
Revaluation reserve 10 159 567
Retained earnings 10 128,219 109,825
SHAREHOLDERS' FUNDS 131,581 113,595

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

JACKSON FINANCIAL PLANNING LTD (REGISTERED NUMBER: 01796324)

BALANCE SHEET - continued
31ST MARCH 2023


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 8th September 2023 and were signed by:





R A Jackson - Director


JACKSON FINANCIAL PLANNING LTD (REGISTERED NUMBER: 01796324)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

Jackson Financial Planning Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of eight 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 - 10% on cost

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.

Grant income recognition
Grant income has been recognised under the performance model.

Grants that do not specify any future performance-related conditions are recorded when the grant proceeds are received or receivable. Any grant that imposes specified future performance-related conditions is recognised only when the performance-related conditions are met. Grants received before the revenue recognition criteria are satisfied are recognised as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

JACKSON FINANCIAL PLANNING LTD (REGISTERED NUMBER: 01796324)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2022
and 31st March 2023 64,705
AMORTISATION
At 1st April 2022
and 31st March 2023 64,705
NET BOOK VALUE
At 31st March 2023 -
At 31st March 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st April 2022 67,032
Additions 3,756
At 31st March 2023 70,788
DEPRECIATION
At 1st April 2022 54,519
Charge for year 2,808
At 31st March 2023 57,327
NET BOOK VALUE
At 31st March 2023 13,461
At 31st March 2022 12,513

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,569 9,472
Other debtors 133,422 2,311
136,991 11,783

7. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments 370 1,403

JACKSON FINANCIAL PLANNING LTD (REGISTERED NUMBER: 01796324)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 78,415 43,141
Other creditors 4,188 4,810
82,603 47,951

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
3,003 Ordinary A £1 3,003 3,003
100 Ordinary B £1 100 100
50 Ordinary C £1 50 50
50 Ordinary D £1 50 50
3,203 3,203

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1st April 2022 109,825 567 110,392
Profit for the year 99,800 99,800
Dividends (81,406 ) (81,406 )
Increase/(decrease) in
valuation of investments

-

(408

)

(408

)

At 31st March 2023 128,219 159 128,378

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2023 and 31st March 2022:

2023 2022
£    £   
R A Jackson
Balance outstanding at start of year - -
Amounts advanced 130,678 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 130,678 -

Interest has been paid at the official rate on the overdrawn balance.