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REGISTERED NUMBER: 00228317 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31st March 2023

for

James Jackson (Halifax) Limited

James Jackson (Halifax) Limited (Registered number: 00228317)






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


James Jackson (Halifax) Limited

Company Information
for the Year Ended 31st March 2023







DIRECTOR: J Broadbent





SECRETARY: Mrs V J Lamb





REGISTERED OFFICE: Unit 2D & 2E, Ladyship Business Park
Mill Lane
Boothtown
Halifax
HX3 6TN





REGISTERED NUMBER: 00228317 (England and Wales)

James Jackson (Halifax) Limited (Registered number: 00228317)

Balance Sheet
31st March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 95,938 92,131

CURRENT ASSETS
Stocks 4,193 6,157
Debtors 5 70,241 62,868
Cash at bank and in hand 940 242
75,374 69,267
CREDITORS
Amounts falling due within one year 6 166,624 109,697
NET CURRENT LIABILITIES (91,250 ) (40,430 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,688

51,701

CREDITORS
Amounts falling due after more than one
year

7

(25,009

)

(41,961

)

PROVISIONS FOR LIABILITIES (6,839 ) (5,434 )
NET (LIABILITIES)/ASSETS (27,160 ) 4,306

James Jackson (Halifax) Limited (Registered number: 00228317)

Balance Sheet - continued
31st March 2023

31.3.23 31.3.22
Notes £    £    £    £   

CAPITAL AND RESERVES
Called up share capital 10 4,002 4,002
Other reserves 2,000 2,000
Retained earnings (33,162 ) (1,696 )
SHAREHOLDERS' FUNDS (27,160 ) 4,306

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.

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 21st November 2023 and were signed by:





J Broadbent - Director


James Jackson (Halifax) Limited (Registered number: 00228317)

Notes to the Financial Statements
for the Year Ended 31st March 2023

1. STATUTORY INFORMATION

James Jackson (Halifax) 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.

The company has sustained a loss in the year which has added to the insolvent position.

Since March 2020 the company has been impacted by the effects of the Covid-19 pandemic. The directors has continued to support the company whilst taking steps to return to profitability.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - Over the Term of the Lease
Plant and machinery - 8% on Reducing Balance and Over the Term of the Lease
Motor vehicles - 25% on Reducing Balance
Computer equipment - 25% on Reducing Balance

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

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.
Financial instruments are recognised in the company's statements of financial position when the company becomes party to the contractual provisions of the instrument.
Basic financial instruments are recognised at amortised cost with changes recognised in the income statement.
Financial instruments issued by the company
In accordance with FRS 102.22, financial instruments issued by the company are treated as equity only to the extent that they meet the following two conditions:
(a) they include no contractual obligations upon the company to deliver cash or other financial assets or to exchange financial assets or financial liabilities with another party under conditions that are potentially unfavourable to the company; and
(b) where the instrument will or may be settled in the company's own equity instruments, it is either a non-derivative that includes no obligation to deliver a variable number of the company's own equity instruments or is a derivative that will be settled by the company's exchanging a fixed amount of cash or other financial assets for a fixed number of its own equity instruments.
To the extent that this definition is not met, the proceeds of issue are classified as a financial liability. Where the instrument so classified takes the legal form of the company's own shares, the amounts presented in these financial statements for called up share capital and share premium account exclude amounts in relation to those shares.


James Jackson (Halifax) Limited (Registered number: 00228317)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

2. ACCOUNTING POLICIES - continued
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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 7 ) .

James Jackson (Halifax) Limited (Registered number: 00228317)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2022 327,001
Additions 22,389
Disposals (12,593 )
At 31st March 2023 336,797
DEPRECIATION
At 1st April 2022 234,870
Charge for year 18,582
Eliminated on disposal (12,593 )
At 31st March 2023 240,859
NET BOOK VALUE
At 31st March 2023 95,938
At 31st March 2022 92,131

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1st April 2022
and 31st March 2023 41,958
DEPRECIATION
At 1st April 2022 26,785
Charge for year 7,709
At 31st March 2023 34,494
NET BOOK VALUE
At 31st March 2023 7,464
At 31st March 2022 15,173

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 66,465 56,138
Other debtors 3,776 6,730
70,241 62,868

James Jackson (Halifax) Limited (Registered number: 00228317)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 40,731 25,301
Finance leases (see note 8) 6,954 6,952
Trade creditors 57,960 34,361
Taxation and social security 11,353 12,410
Other creditors 49,626 30,673
166,624 109,697

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 22,500 32,500
Finance leases (see note 8) 509 7,461
Other creditors 2,000 2,000
25,009 41,961

Amounts falling due in more than five years:

Repayable otherwise than by instalments
5.25% preference shares 2,000 2,000

The preference shares have no voting rights, are non - redeemable and have a right to a fixed dividend at the rate of 5.25% per annum on the issue price of the preference shares.

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases
31.3.23 31.3.22
£    £   
Gross obligations repayable:
Within one year 8,737 8,735
Between one and five years 639 9,374
9,376 18,109

Finance charges repayable:
Within one year 1,783 1,783
Between one and five years 130 1,913
1,913 3,696

Net obligations repayable:
Within one year 6,954 6,952
Between one and five years 509 7,461
7,463 14,413

James Jackson (Halifax) Limited (Registered number: 00228317)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

8. LEASING AGREEMENTS - continued

Non-cancellable operating leases
31.3.23 31.3.22
£    £   
Within one year 2,983 3,175

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank overdrafts 30,731 15,301
Bank loans 32,500 42,500
Finance leases 7,463 14,413
70,694 72,214

The company's bankers are secured by way of debenture dated 17 January 1997 in the banks standard form. The hire purchase and finance lease creditors are secured on certain of the company's plant and equipment.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
4,002 Ordinary £1 4,002 4,002

11. ULTIMATE CONTROLLING PARTY

The controlling party is J Broadbent.