1 November 2022 false Taxfiler 2023.10 03266350business:PrivateLimitedCompanyLtd2022-11-012023-10-31 032663502022-10-31 032663502022-11-012023-10-31 03266350business:AuditExempt-NoAccountantsReport2022-11-012023-10-31 03266350business:AbridgedAccounts2022-11-012023-10-31 032663502023-10-31 03266350business:Director12022-11-012023-10-31 03266350business:Director22022-11-012023-10-31 03266350business:Director32022-11-012023-10-31 03266350business:RegisteredOffice2022-11-012023-10-31 032663502022-10-31 03266350core:WithinOneYear2023-10-31 03266350core:WithinOneYear2022-10-31 03266350core:AfterOneYear2023-10-31 03266350core:AfterOneYear2022-10-31 03266350core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 03266350core:ShareCapitalcore:PreviouslyStatedAmount2022-10-31 03266350core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 03266350core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 03266350core:PreviouslyStatedAmount2023-10-31 03266350core:PreviouslyStatedAmount2022-10-31 03266350business:SmallEntities2022-11-012023-10-31 03266350countries:EnglandWales2022-11-012023-10-31 03266350core:PlantMachinery2022-11-012023-10-31 03266350core:MotorVehicles2022-11-012023-10-31 03266350core:FurnitureFittings2022-11-012023-10-31 032663502021-11-012022-10-31 iso4217:GBP xbrli:pure
Company Registration No. 03266350 (England and Wales)
Jackson & Phillips Automotive Services Ltd. Unaudited accounts for the year ended 31 October 2023
Jackson & Phillips Automotive Services Ltd. Unaudited accounts Contents
Page
- 2 -
Jackson & Phillips Automotive Services Ltd. Company Information for the year ended 31 October 2023
Directors
Ronald John Phillips Aaron John Phillips Andrew Humphrey
Company Number
03266350 (England and Wales)
Registered Office
1 King Street Leighton Buzzard Bedfordshire LU7 1BY
- 3 -
Jackson & Phillips Automotive Services Ltd. Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
55,599 
57,457 
Current assets
Inventories
6,200 
7,850 
Debtors
21,073 
37,481 
Cash at bank and in hand
174,149 
149,443 
201,422 
194,774 
Creditors: amounts falling due within one year
(108,898)
(117,845)
Net current assets
92,524 
76,929 
Total assets less current liabilities
148,123 
134,386 
Creditors: amounts falling due after more than one year
(7,917)
(12,917)
Provisions for liabilities
Deferred tax
(5,881)
(6,300)
Net assets
134,325 
115,169 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
134,225 
115,069 
Shareholders' funds
134,325 
115,169 
For the year ending 31 October 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2024 and were signed on its behalf by
Aaron John Phillips Director Company Registration No. 03266350
- 4 -
Jackson & Phillips Automotive Services Ltd. Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Jackson & Phillips Automotive Services Ltd. is a private company, limited by shares, registered in England and Wales, registration number 03266350. The registered office is 1 King Street, Leighton Buzzard, Bedfordshire, LU7 1BY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 5 -
Jackson & Phillips Automotive Services Ltd. Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 November 2022
318,590 
Additions
12,708 
At 31 October 2023
331,298 
Depreciation
At 1 November 2022
261,133 
Charge for the year
14,566 
At 31 October 2023
275,699 
Net book value
At 31 October 2023
55,599 
At 31 October 2022
57,457 
5
Average number of employees
During the year the average number of employees was 15 (2022: 16).
- 6 -