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REGISTERED NUMBER: 00765655 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Sidney Jackson & Son Limited

Sidney Jackson & Son Limited (Registered number: 00765655)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sidney Jackson & Son Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: T A Jackson
Mrs T Jackson





SECRETARY: Mrs T Jackson





REGISTERED OFFICE: Wilmslow Road Garage
Butley
Nr Macclesfield
SK10 4LG





REGISTERED NUMBER: 00765655 (England and Wales)





ACCOUNTANTS: DHP Acountants Ltd
15 Buxton Old Road
Disley
Stockport
SK12 2BB

Sidney Jackson & Son Limited (Registered number: 00765655)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 79,138 103,943

CURRENT ASSETS
Stocks 578,155 598,234
Debtors 5 55,005 49,228
Cash at bank 116,023 69,069
749,183 716,531
CREDITORS
Amounts falling due within one year 6 711,532 685,801
NET CURRENT ASSETS 37,651 30,730
TOTAL ASSETS LESS CURRENT
LIABILITIES

116,789

134,673

CREDITORS
Amounts falling due after more than
one year

7

39,304

57,638
NET ASSETS 77,485 77,035

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 76,485 76,035
SHAREHOLDERS' FUNDS 77,485 77,035

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Sidney Jackson & Son Limited (Registered number: 00765655)

Balance Sheet - continued
31 July 2023


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 Board of Directors and authorised for issue on 12 April 2024 and were signed on its behalf by:





Mrs T Jackson - Director


Sidney Jackson & Son Limited (Registered number: 00765655)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Sidney Jackson & Son 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.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 15% 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.

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.

Sidney Jackson & Son Limited (Registered number: 00765655)

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

2. ACCOUNTING POLICIES - continued

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 15 (2022 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 106,562 298,494 405,056
Additions - 2,761 2,761
Disposals - (36,629 ) (36,629 )
At 31 July 2023 106,562 264,626 371,188
DEPRECIATION
At 1 August 2022 83,904 217,209 301,113
Charge for year 2,132 13,684 15,816
Eliminated on disposal - (24,879 ) (24,879 )
At 31 July 2023 86,036 206,014 292,050
NET BOOK VALUE
At 31 July 2023 20,526 58,612 79,138
At 31 July 2022 22,658 81,285 103,943

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 34,926 29,320
Other debtors 20,079 19,908
55,005 49,228

Sidney Jackson & Son Limited (Registered number: 00765655)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 15,030 8,333
Trade creditors 201,801 66,938
Taxation and social security 42,067 21,446
Other creditors 442,634 579,084
711,532 685,801

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 19,167 29,167
Hire purchase contracts 20,137 28,471
39,304 57,638

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Stocking loans 393,671 516,027
Hire purchase leases 35,167 36,802
428,838 552,829