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REGISTERED NUMBER: 09174534 (England and Wales)















Financial Statements for the Year Ended 31 August 2023

for

Jackson's of Shifnal Limited

Jackson's of Shifnal Limited (Registered number: 09174534)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jackson's of Shifnal Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: Mr G Jackson





REGISTERED OFFICE: Keepers Lane
The Wergs
Wolverhampton
West Midlands
WV6 8UA





REGISTERED NUMBER: 09174534 (England and Wales)





ACCOUNTANTS: Haines Watts Wolverhampton Limited
Keepers Lane
The Wergs
Wolverhampton
West Midlands
WV6 8UA

Jackson's of Shifnal Limited (Registered number: 09174534)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,114 41,743

CURRENT ASSETS
Stocks 3,250 3,250
Debtors 5 11,513 4,773
Cash at bank and in hand 2,616 15,725
17,379 23,748
CREDITORS
Amounts falling due within one year 6 20,202 31,574
NET CURRENT LIABILITIES (2,823 ) (7,826 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,291

33,917

CREDITORS
Amounts falling due after more than one
year

7

(31,681

)

(9,813

)

PROVISIONS FOR LIABILITIES (15,529 ) (7,931 )
NET ASSETS 12,081 16,173

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 11,981 16,073
SHAREHOLDERS' FUNDS 12,081 16,173

Jackson's of Shifnal Limited (Registered number: 09174534)

Balance Sheet - continued
31 August 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 February 2024 and were signed by:





Mr G Jackson - Director


Jackson's of Shifnal Limited (Registered number: 09174534)

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

1. STATUTORY INFORMATION

Jackson's of Shifnal 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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
The turnover shown in the profit and loss account is the amount receivable for the provision of goods and services falling within the Company's activities, net of Value Added Tax, rebates and trade discounts. Turnover from the provision of goods and services are recognised in the accounting period in which the Company obtains the right to consideration in exchange for its performance and when the amounts to be recognised are fixed or determinable and collectability is reasonably assured.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% 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 Profit and Loss Account, 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.

Jackson's of Shifnal Limited (Registered number: 09174534)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2022 48,079 36,698 37,186 121,963
Additions 2,461 - 47,500 49,961
Disposals - - (17,192 ) (17,192 )
At 31 August 2023 50,540 36,698 67,494 154,732
DEPRECIATION
At 1 September 2022 38,716 25,222 16,282 80,220
Charge for year 2,640 2,879 9,458 14,977
Eliminated on disposal - - (2,579 ) (2,579 )
At 31 August 2023 41,356 28,101 23,161 92,618
NET BOOK VALUE
At 31 August 2023 9,184 8,597 44,333 62,114
At 31 August 2022 9,363 11,476 20,904 41,743

Jackson's of Shifnal Limited (Registered number: 09174534)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2022 17,192
Additions 47,500
Disposals (17,192 )
At 31 August 2023 47,500
DEPRECIATION
At 1 September 2022 287
Charge for year 5,459
Eliminated on disposal (2,579 )
At 31 August 2023 3,167
NET BOOK VALUE
At 31 August 2023 44,333
At 31 August 2022 16,905

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 11,513 4,773

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 4,147 2,941
Trade creditors 9,345 13,442
Taxation and social security 5,070 12,641
Other creditors 1,640 2,550
20,202 31,574

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 31,681 9,813

Jackson's of Shifnal Limited (Registered number: 09174534)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 35,828 12,754

Hire purchase liability is secured against the assets to which it relates.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1.00 100 100

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2023 and 31 August 2022:

2023 2022
£    £   
Mr G Jackson
Balance outstanding at start of year 4,773 5,748
Amounts advanced 36,764 43,975
Amounts repaid (33,855 ) (44,950 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,682 4,773