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REGISTERED NUMBER: 07179974 (England and Wales)















Jack Sheppard Ltd

Unaudited Financial Statements

for the year ended

31 March 2023






Jack Sheppard Ltd (Registered number: 07179974)

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 to 4

Chartered Accountants' Report 5

Jack Sheppard Ltd

Company Information
for the year ended 31 March 2023







DIRECTOR: J Sheppard





REGISTERED OFFICE: Haines Watts
8 Hopper Way
Diss
Norfolk
IP22 4GT





REGISTERED NUMBER: 07179974 (England and Wales)





ACCOUNTANTS: Haines Watts
8 Hopper Way
Diss
Norfolk
IP22 4GT

Jack Sheppard Ltd (Registered number: 07179974)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 8,801 7,605

CURRENT ASSETS
Stocks 131,277 136,284
Debtors 6 7,548 59,250
Cash at bank 142,836 76,354
281,661 271,888
CREDITORS
Amounts falling due within one year 7 (135,647 ) (131,801 )
NET CURRENT ASSETS 146,014 140,087
TOTAL ASSETS LESS CURRENT LIABILITIES 154,815 147,692

CREDITORS
Amounts falling due after more than one year 8 (21,667 ) (31,667 )
NET ASSETS 133,148 116,025

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 133,147 116,024
SHAREHOLDERS' FUNDS 133,148 116,025

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 January 2024 and were signed by:





J Sheppard - Director


Jack Sheppard Ltd (Registered number: 07179974)

Notes to the Financial Statements
for the year ended 31 March 2023


1. STATUTORY INFORMATION

Jack Sheppard Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of services, sponsorship & donations excluding value added tax

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motorbike - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% 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 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

Jack Sheppard Ltd (Registered number: 07179974)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
Motorbike fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 17,573 4,403 3,742 25,718
Additions - 5,989 - 5,989
Disposals (5,581 ) - - (5,581 )
At 31 March 2023 11,992 10,392 3,742 26,126
DEPRECIATION
At 1 April 2022 13,371 2,206 2,536 18,113
Charge for year 705 642 616 1,963
Eliminated on disposal (2,751 ) - - (2,751 )
At 31 March 2023 11,325 2,848 3,152 17,325
NET BOOK VALUE
At 31 March 2023 667 7,544 590 8,801
At 31 March 2022 4,202 2,197 1,206 7,605

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,548 59,250

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 10,971 3,684
Taxation and social security 17,564 18,262
Other creditors 97,112 99,855
135,647 131,801

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 21,667 31,667

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary 1 1 1

10. RELATED PARTY DISCLOSURES

At the end of the year the company owed the director £94,562 (2022 - £98,475) relating to an interest free loan with no set repayment terms.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Jack Sheppard Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Jack Sheppard Ltd for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Jack Sheppard Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Jack Sheppard Ltd and state those matters that we have agreed to state to the director of Jack Sheppard Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jack Sheppard Ltd and its director for our work or for this report.

It is your duty to ensure that Jack Sheppard Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Jack Sheppard Ltd. You consider that Jack Sheppard Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Jack Sheppard Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
8 Hopper Way
Diss
Norfolk
IP22 4GT


30 January 2024