2 false false false false false false false false false false true false false false false false false No description of principal activity 2022-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 15,000 10,500 750 11,250 3,750 4,500 1,921 1,063 67 1,130 791 858 xbrli:pure xbrli:shares iso4217:GBP 06408935 2022-01-01 2022-12-30 06408935 2022-12-30 06408935 2021-12-31 06408935 2021-01-01 2021-12-31 06408935 2021-12-31 06408935 2020-12-31 06408935 core:NetGoodwill 2022-01-01 2022-12-30 06408935 bus:Director1 2022-01-01 2022-12-30 06408935 core:NetGoodwill 2021-12-31 06408935 core:NetGoodwill 2022-12-30 06408935 core:AfterOneYear 2022-12-30 06408935 core:AfterOneYear 2021-12-31 06408935 core:WithinOneYear 2022-12-30 06408935 core:WithinOneYear 2021-12-31 06408935 core:ShareCapital 2022-12-30 06408935 core:ShareCapital 2021-12-31 06408935 core:RetainedEarningsAccumulatedLosses 2022-12-30 06408935 core:RetainedEarningsAccumulatedLosses 2021-12-31 06408935 core:NetGoodwill 2021-12-31 06408935 bus:SmallEntities 2022-01-01 2022-12-30 06408935 bus:AuditExemptWithAccountantsReport 2022-01-01 2022-12-30 06408935 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-30 06408935 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-30 06408935 bus:FullAccounts 2022-01-01 2022-12-30 06408935 core:OfficeEquipment 2022-01-01 2022-12-30 06408935 core:OfficeEquipment 2022-12-30 06408935 core:OfficeEquipment 2021-12-31 06408935 core:KeyManagementIndividualGroup1 2022-01-01 2022-12-30 06408935 core:KeyManagementIndividualGroup1 2022-12-30
COMPANY REGISTRATION NUMBER: 06408935
G P Jackson Ltd
Filleted Unaudited Financial Statements
Period from 1 January 2022 to
30 December 2022
G P Jackson Ltd
Financial Statements
Period from 1 January 2022 to 30 December 2022
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
G P Jackson Ltd
Statement of Financial Position
30 December 2022
30 Dec 22
31 Dec 21
Note
£
£
£
£
Fixed assets
Intangible assets
5
3,750
4,500
Tangible assets
6
791
858
-------
-------
4,541
5,358
Current assets
Debtors
7
12,200
17,900
Cash at bank and in hand
5,874
17,308
--------
--------
18,074
35,208
Creditors: amounts falling due within one year
8
17,290
18,677
--------
--------
Net current assets
784
16,531
-------
--------
Total assets less current liabilities
5,325
21,889
Creditors: amounts falling due after more than one year
9
13,921
17,765
--------
--------
Net (liabilities)/assets
( 8,596)
4,124
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 8,696)
4,024
-------
-------
Shareholders funds
( 8,596)
4,124
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 30 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
G P Jackson Ltd
Statement of Financial Position (continued)
30 December 2022
These financial statements were approved by the board of directors and authorised for issue on 19 October 2023 , and are signed on behalf of the board by:
Mr GP Jackson
Director
Company registration number: 06408935
G P Jackson Ltd
Notes to the Financial Statements
Period from 1 January 2022 to 30 December 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 30 Coupland Road, Selby, North Yorkshire, YO8 3AY, England.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. (b) Going concern Following the challenges arising as a consequence of the Covid-19 pandemic in 2020/21, more latterly the UK economy has been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the director has considered the effect of these matters on the company with the information available to it, and does not believe that it it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the director has prepared these financial statements on a going concern basis. In addition to the above the financial statements show a loss for the year of £12,720. The Company has net liabilities at the Balance Sheet date of £8,596. The director has confirmed that he is willing to support the company for the foreseeable future. Therefore the going concern basis is applicable. (c) Revenue recognition The turnover shown in the profit and loss account represents the amount invoiced during the year. (d) Current & deferred tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. (e) Amortisation Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill - 5% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates. (f) Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. (g) Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment - 10% straight line
(h) Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
(i) Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
(j) Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 2 (2021: 2 ).
5. Intangible assets
Goodwill
£
Cost
At 1 January 2022 and 30 December 2022
15,000
--------
Amortisation
At 1 January 2022
10,500
Charge for the period
750
--------
At 30 December 2022
11,250
--------
Carrying amount
At 30 December 2022
3,750
--------
At 31 December 2021
4,500
--------
6. Tangible assets
Equipment
Total
£
£
Cost
At 1 January 2022 and 30 December 2022
1,921
1,921
-------
-------
Depreciation
At 1 January 2022
1,063
1,063
Charge for the period
67
67
-------
-------
At 30 December 2022
1,130
1,130
-------
-------
Carrying amount
At 30 December 2022
791
791
-------
-------
At 31 December 2021
858
858
-------
-------
7. Debtors
30 Dec 22
31 Dec 21
£
£
Trade debtors
12,200
17,900
--------
--------
8. Creditors: amounts falling due within one year
30 Dec 22
31 Dec 21
£
£
Trade creditors
504
1,044
Corporation tax
726
Other creditors
16,786
16,907
--------
--------
17,290
18,677
--------
--------
9. Creditors: amounts falling due after more than one year
30 Dec 22
31 Dec 21
£
£
Bank loans and overdrafts
13,921
17,765
--------
--------
10. Related party transactions
The director maintained his director's current account in credit during the year, and the balance owed to him by the company at the year end was £ 16,786 ,(2021 £16,907).