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REGISTERED NUMBER: 13293446 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

JACKMAN COMMERCIALS LIMITED

JACKMAN COMMERCIALS LIMITED (REGISTERED NUMBER: 13293446)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JACKMAN COMMERCIALS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr J Jackman



REGISTERED OFFICE: Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



REGISTERED NUMBER: 13293446 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Cashplus

JACKMAN COMMERCIALS LIMITED (REGISTERED NUMBER: 13293446)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,807 18,355

CURRENT ASSETS
Stocks 5 1,500 1,000
Debtors 6 9,427 3,974
Cash at bank 1,016 833
11,943 5,807
CREDITORS
Amounts falling due within one year 7 15,268 17,588
NET CURRENT LIABILITIES (3,325 ) (11,781 )
TOTAL ASSETS LESS CURRENT LIABILITIES 11,482 6,574

PROVISIONS FOR LIABILITIES 907 1,150
NET ASSETS 10,575 5,424

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 10,573 5,422
SHAREHOLDERS' FUNDS 10,575 5,424

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 July 2023 and were signed by:



Mr J Jackman - Director


JACKMAN COMMERCIALS LIMITED (REGISTERED NUMBER: 13293446)

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


1. STATUTORY INFORMATION

Jackman Commercials 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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

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

JACKMAN COMMERCIALS LIMITED (REGISTERED NUMBER: 13293446)

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


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 16,662 6,700 - 23,362
Additions - - 499 499
At 31 March 2023 16,662 6,700 499 23,861
DEPRECIATION
At 1 April 2022 3,332 1,675 - 5,007
Charge for year 2,666 1,256 125 4,047
At 31 March 2023 5,998 2,931 125 9,054
NET BOOK VALUE
At 31 March 2023 10,664 3,769 374 14,807
At 31 March 2022 13,330 5,025 - 18,355

5. STOCKS
2023 2022
£    £   
Stocks 1,500 1,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,250 3,227
Directors' current accounts 7,177 -
Prepayments - 747
9,427 3,974

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,560 380
Tax 3,304 4
VAT 8,336 2,214
Other creditors - 640
Directors' current accounts - 12,685
Accrued expenses 2,068 1,665
15,268 17,588

JACKMAN COMMERCIALS LIMITED (REGISTERED NUMBER: 13293446)

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


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
Mr J Jackman
Balance outstanding at start of year (12,684 ) -
Amounts advanced 41,069 16,848
Amounts repaid (21,208 ) (29,532 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,177 (12,684 )

Loans are unsecured, interest free and repayable on demand.

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £4,000 were paid to the director .