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REGISTERED NUMBER: 07562950 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

BOB JACKSON & SON LTD

BOB JACKSON & SON LTD (REGISTERED NUMBER: 07562950)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BOB JACKSON & SON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: C W Jackson





REGISTERED OFFICE: 44 Paddock Way
Hinckley
LE10 0FJ





REGISTERED NUMBER: 07562950 (England and Wales)





ACCOUNTANTS: J Raftery Accountancy
16 Brookes Avenue
Croft
Leicester
Leicestershire
LE9 3GJ

BOB JACKSON & SON LTD (REGISTERED NUMBER: 07562950)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,000 4,000
Tangible assets 5 454 680
3,454 4,680

CURRENT ASSETS
Stocks 8,900 12,000
Debtors 6 56,506 38,169
Cash in hand (1 ) 112
65,405 50,281
CREDITORS
Amounts falling due within one year 7 69,635 61,140
NET CURRENT LIABILITIES (4,230 ) (10,859 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(776

)

(6,179

)

PROVISIONS FOR LIABILITIES 8 86 129
NET LIABILITIES (862 ) (6,308 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (962 ) (6,408 )
SHAREHOLDERS' FUNDS (862 ) (6,308 )

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

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

BOB JACKSON & SON LTD (REGISTERED NUMBER: 07562950)

BALANCE SHEET - continued
31 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 4 October 2023 and were signed by:





C W Jackson - Director


BOB JACKSON & SON LTD (REGISTERED NUMBER: 07562950)

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

1. STATUTORY INFORMATION

Bob Jackson & Son 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.

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 2012, is being amortised evenly over its estimated useful life of ten 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

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.

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.

BOB JACKSON & SON LTD (REGISTERED NUMBER: 07562950)

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

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 10,000
AMORTISATION
At 1 April 2022 6,000
Amortisation for year 1,000
At 31 March 2023 7,000
NET BOOK VALUE
At 31 March 2023 3,000
At 31 March 2022 4,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 3,406 4,272 7,678
DEPRECIATION
At 1 April 2022 3,406 3,592 6,998
Charge for year - 226 226
At 31 March 2023 3,406 3,818 7,224
NET BOOK VALUE
At 31 March 2023 - 454 454
At 31 March 2022 - 680 680

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,342 (4,986 )
Directors' current accounts 48,164 42,957
Prepayments - 198
56,506 38,169

BOB JACKSON & SON LTD (REGISTERED NUMBER: 07562950)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,388 6,292
Other loans 13,986 20,132
Trade creditors 3,703 5,805
Tax 34,033 21,030
Social security and other taxes 413 1,356
VAT 7,642 2,552
Other creditors 3,850 3,393
Accrued expenses 620 580
69,635 61,140

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 86 129

Deferred
tax
£   
Balance at 1 April 2022 129
Provided during year (43 )
Balance at 31 March 2023 86

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 ordinary 1 100 100

10. RELATED PARTY DISCLOSURES

As at the year ended 31 March 2023 there was a balance due to the company from the director of £48,164 (2022 £42,957) . This amount is included within the debtors on the balance sheet.

The controlling party is C W Jackson.

The ultimate controlling party is C W Jackson.