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Jackstone Freezing Systems Ltd
Registered Number:04659193
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2023
Jackstone Freezing Systems Ltd
Contents Page
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Statement of Financial Position
3 to 5
Notes to the Financial Statements
3
Registered Number :
04659193
As at 31 March 2023
Jackstone Freezing Systems Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
28,515
8,975
2
Financial assets
245,350
230,766
3
259,281
254,325
Current assets
Inventories
9,475
7,880
4
Trade and other receivables
44,169
73,602
5
670,317
Cash and cash equivalents
434,256
515,738
723,961
Trade and other payables: amounts falling due within
one year
(209,305)
(49,677)
6
514,656
466,061
Net current assets
Total assets less current liabilities
725,342
768,981
(2,382)
(10,268)
Provisions for liabilities
722,960
Net assets
758,713
Capital and reserves
Called up share capital
100
100
Revaluation reserve
30,766
45,350
Retained earnings
692,094
713,263
722,960
758,713
Shareholders' funds
For the year ended 31 March 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
04659193
For the year ended 31 March 2023
Jackstone Freezing Systems Ltd
Statement of Financial Position Continued
Mr Michael James Skipp Director
These financial statements were approved and authorised for issue by the Board on 15 November 2023 and were signed by:
The notes form part of these financial statements
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For the year ended 31 March 2023
Jackstone Freezing Systems Ltd
Notes to the Financial Statements
Statutory Information
Jackstone Freezing Systems Ltd is a private limited company, limited by shares, domiciled in England and
Wales, registration number 04659193.
Registered address:
5 Highlands Close
St Helens Way
Thetford
Norfolk
IP24 1HG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic
of Ireland' and the Companies Act 2006. The financial statements have been prepared under the
historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15% Reducing balance
25% Reducing balance
Motor vehicles
15% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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For the year ended 31 March 2023
Jackstone Freezing Systems Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor
vehicles
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 April 2022
37,623
9,433
16,458
11,732
29,705
-
29,705
-
Additions
-
(16,458)
-
Disposals
(16,458)
At 31 March 2023
11,732
29,705
9,433
50,870
Provision for depreciation and impairment
At 01 April 2022
28,648
8,783
12,633
7,232
Charge for year
6,340
95
5,570
675
(12,633)
-
(12,633)
-
On disposal
At 31 March 2023
22,355
8,878
5,570
7,907
At 31 March 2023
Net book value
3,825
24,135
555
28,515
At 31 March 2022
4,500
3,825
650
8,975
3. Investments held as fixed assets
Other investments
Total
At 01 April 2022
245,350
245,350
Cost
£
£
(14,584)
(14,584)
Revaluations
At 31 March 2023
230,766
230,766
At 31 March 2023
Net book value
230,766
230,766
At 01 April 2022
245,350
245,350
4. Inventories
2022
2023
£
£
Stocks
7,880
9,475
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For the year ended 31 March 2023
Jackstone Freezing Systems Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables
2022
2023
£
£
Trade debtors
65,165
26,257
Other debtors
8,437
17,912
44,169
73,602
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
6,987
130,147
Taxation and social security
11,421
33,125
Other creditors
31,269
46,033
49,677
209,305
7. Average number of persons employed
During the year the average number of employees was 3 (2022 : 3)
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