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REGISTERED NUMBER: 11719426 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Jack Adkins (Midlands) Limited

Jack Adkins (Midlands) Limited (Registered number: 11719426)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jack Adkins (Midlands) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J M Adkins
Mrs J A Adkins
Mrs A M Madden





SECRETARY: Mrs J A Adkins





REGISTERED OFFICE: 1st Floor, 7 Trinity Place
Midland Drive
Sutton Coldfield
West Midlands
B72 1TX





REGISTERED NUMBER: 11719426 (England and Wales)





ACCOUNTANTS: Clover Chartered Certified Accountants
6 Trinity Place
Midland Drive
Sutton Coldfield
West Midlands
B72 1TX

Jack Adkins (Midlands) Limited (Registered number: 11719426)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 11,101 15,819

CURRENT ASSETS
Debtors 5 192,127 237,726
Cash at bank and in hand 291,823 266,726
483,950 504,452
CREDITORS
Amounts falling due within one year 6 (79,066 ) (77,969 )
NET CURRENT ASSETS 404,884 426,483
TOTAL ASSETS LESS CURRENT
LIABILITIES

415,985

442,302

CREDITORS
Amounts falling due after more than one
year

7

(15,993

)

(15,993

)
NET ASSETS 399,992 426,309

CAPITAL AND RESERVES
Called up share capital 484 484
Retained earnings 399,508 425,825
399,992 426,309

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Jack Adkins (Midlands) Limited (Registered number: 11719426)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 March 2024 and were signed on its behalf by:





J M Adkins - Director


Jack Adkins (Midlands) Limited (Registered number: 11719426)

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

1. STATUTORY INFORMATION

Jack Adkins (Midlands) 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.
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 10 ) .

Jack Adkins (Midlands) Limited (Registered number: 11719426)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2023 11,414 15,921 27,335
Additions 3,750 - 3,750
At 31 December 2023 15,164 15,921 31,085
DEPRECIATION
At 1 January 2023 3,554 7,962 11,516
Charge for year 4,488 3,980 8,468
At 31 December 2023 8,042 11,942 19,984
NET BOOK VALUE
At 31 December 2023 7,122 3,979 11,101
At 31 December 2022 7,860 7,959 15,819

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 187,392 237,571
Other debtors 4,735 155
192,127 237,726

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 4,038 3,654
Taxation and social security 28,118 71,656
Other creditors 46,910 2,659
79,066 77,969

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other creditors 15,993 15,993

8. ULTIMATE CONTROLLING PARTY

The controlling party is J M Adkins.