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REGISTERED NUMBER: 03867237 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 March 2024

for

Jenkinson & Co Limited

Jenkinson & Co Limited (Registered number: 03867237)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jenkinson & Co Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs Mandy Jenkinson
Mr Martin Jenkinson
Mr Gary Fennah
Minority Venture Partners 8 Limited





REGISTERED OFFICE: New Ebury House
South Grove
Rotherham
South Yorkshire
S60 2AF





REGISTERED NUMBER: 03867237 (England and Wales)

Jenkinson & Co Limited (Registered number: 03867237)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 6,522
Tangible assets 5 38,627 50,253
38,627 56,775

CURRENT ASSETS
Debtors 6 1,385,991 1,953,715
Cash at bank and in hand 7 631,019 705,471
2,017,010 2,659,186
CREDITORS
Amounts falling due within one year 8 1,884,529 1,867,462
NET CURRENT ASSETS 132,481 791,724
TOTAL ASSETS LESS CURRENT
LIABILITIES

171,108

848,499

CREDITORS
Amounts falling due after more than one
year

9

(30,780

)

(260,114

)

PROVISIONS FOR LIABILITIES - (819 )
NET ASSETS 140,328 587,566

CAPITAL AND RESERVES
Called up share capital 150,000 150,000
Retained earnings (9,672 ) 437,566
SHAREHOLDERS' FUNDS 140,328 587,566

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Jenkinson & Co Limited (Registered number: 03867237)

Balance Sheet - continued
31 March 2024


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 24 July 2024 and were signed on its behalf by:





Mr Martin Jenkinson - Director


Jenkinson & Co Limited (Registered number: 03867237)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Jenkinson & Co 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.

Goodwill
Goodwill has been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

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.

Jenkinson & Co Limited (Registered number: 03867237)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company makes employer pension contributions into personal pensions for employees and complies with auto enrolment legislation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 130,374
AMORTISATION
At 1 April 2023 123,852
Charge for year 6,522
At 31 March 2024 130,374
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 6,522

Jenkinson & Co Limited (Registered number: 03867237)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 139,938
Additions 3,560
At 31 March 2024 143,498
DEPRECIATION
At 1 April 2023 89,685
Charge for year 15,186
At 31 March 2024 104,871
NET BOOK VALUE
At 31 March 2024 38,627
At 31 March 2023 50,253

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 46,843
DEPRECIATION
At 1 April 2023 6,831
Charge for year 10,003
At 31 March 2024 16,834
NET BOOK VALUE
At 31 March 2024 30,009
At 31 March 2023 40,012

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 165,753 85,339
Insurance debtors 1,202,009 1,059,415
Other debtors 2,332 -
Prepayments 14,814 19,580
Amounts owed by group undertakings - 789,381
Deferred tax asset 1,083 -
1,385,991 1,953,715

Jenkinson & Co Limited (Registered number: 03867237)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CASH AT BANK AND IN HAND
2024 2023
£    £   
Bank office account 56,166 26,250
Amounts held on behalf
of third parties 552,439 575,942
Bank savings account 22,414 103,267
Cash in hand - 12
631,019 705,471

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans - 138,540
Hire purchase contracts (see note 10) 5,941 5,941
Trade creditors 8,088 14,422
Client monies and insurance
creditors 1,593,152 1,545,464
Other creditors 165,824 94,014
Accrued expenses 39,078 26,925
Tax 49,973 28,198
Social security and other taxes 22,473 13,958
1,884,529 1,867,462

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - 1-2 years - 145,980
Other loans - 2-5 years - 77,908
Hire purchase contracts (see note 10) 30,780 36,226
30,780 260,114

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 5,941 5,941
Between one and five years 30,780 36,226
36,721 42,167

Jenkinson & Co Limited (Registered number: 03867237)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 26,567 54,145
Between one and five years 11,038 32,130
37,605 86,275

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 36,721 42,167

12. RELATED PARTY DISCLOSURES

Jenkinson & Co Properties Ltd

A group company.

Monies were loaned between the companies on an interest free basis repayable on demand.
The amount owing to the company is £Nil, (2023: £329,452).

Jenkinson & Co (Holdings) Limited

Parent company

Monies were loaned between the companies on an interest free basis repayable on demand.
The amount owing to the company is £Nil, (2023: £459,929).

13. ULTIMATE CONTROLLING PARTY

The controlling party is Jenkinson & Co (Holdings) Limited (Parent company).

The ultimate controlling party is Mr Martin Jenkinson.