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REGISTERED NUMBER: 10651239 (England and Wales)















Jackson Lombard Limited

Unaudited Financial Statements

for the year ended

31 January 2024






Jackson Lombard Limited (Registered number: 10651239)

Contents of the Financial Statements
for the year ended 31 January 2024










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3 to 4

Notes to the Financial Statements 5 to 8


Jackson Lombard Limited

Company Information
for the year ended 31 January 2024







DIRECTORS: B R Latreuille
J S L Mobbs
N J Dunkley
J R Letherby





REGISTERED OFFICE: C/O Haines Watts
Yare House
62-64 Thorpe Road
Norwich
Norfolk
NR1 1RY





REGISTERED NUMBER: 10651239 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
Yare House
62-64 Thorpe Road
Norwich
Norfolk
NR1 1RY

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Jackson Lombard Limited


The following reproduces the text of the report prepared for the directors 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors 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 Jackson Lombard Limited for the year ended 31 January 2024 which comprise the Income Statement, Statement of Financial Position 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 Board of Directors of Jackson Lombard Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Jackson Lombard Limited and state those matters that we have agreed to state to the Board of Directors of Jackson Lombard Limited, as a body, 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 Jackson Lombard Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Jackson Lombard Limited 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 loss of Jackson Lombard Limited. You consider that Jackson Lombard Limited 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 Jackson Lombard Limited. 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
Chartered Accountants
Yare House
62-64 Thorpe Road
Norwich
Norfolk
NR1 1RY


30 July 2024

Jackson Lombard Limited (Registered number: 10651239)

Statement of Financial Position
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 20,089 25,343
Investments 5 651 650
20,740 25,993

CURRENT ASSETS
Debtors 6 465,970 591,108
Cash at bank 65,293 150,081
531,263 741,189
CREDITORS
Amounts falling due within one year 7 (453,663 ) (622,243 )
NET CURRENT ASSETS 77,600 118,946
TOTAL ASSETS LESS CURRENT LIABILITIES 98,340 144,939

CREDITORS
Amounts falling due after more than one
year

8

(50,974

)

(85,827

)
NET ASSETS 47,366 59,112

Jackson Lombard Limited (Registered number: 10651239)

Statement of Financial Position - continued
31 January 2024

2024 2023
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 368 360
Share premium 59,745 53,752
Retained earnings (12,747 ) 5,000
47,366 59,112

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

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

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 30 July 2024 and were signed on its behalf by:




B R Latreuille - Director



J S L Mobbs - Director


Jackson Lombard Limited (Registered number: 10651239)

Notes to the Financial Statements
for the year ended 31 January 2024


1. STATUTORY INFORMATION

Jackson Lombard 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.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Financial instruments
Short term debtors are measured at transaction price, less any impairment.
Short term creditors are measured at the transaction price.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 Lombard Limited (Registered number: 10651239)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Employee benefits
Short-term employee benefits are recognised as an expense in the period in which they are incurred.

Termination benefits are recognised only when the company is demonstrably committed to terminate the employment of an employee or a group of employees before their normal retirement date or to provide termination benefits as a result of an offer made in order to encourage voluntary redundancy.

Government grants
Grants are accounted for under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in other income within profit or loss. This includes the Government Coronavirus Job Retention Scheme ('Furlough').

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 18 ) .

Jackson Lombard Limited (Registered number: 10651239)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2023 8,127 42,754 50,881
Additions 980 6,988 7,968
At 31 January 2024 9,107 49,742 58,849
DEPRECIATION
At 1 February 2023 6,459 19,079 25,538
Charge for year 601 12,621 13,222
At 31 January 2024 7,060 31,700 38,760
NET BOOK VALUE
At 31 January 2024 2,047 18,042 20,089
At 31 January 2023 1,668 23,675 25,343

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2023 650
Additions 1
At 31 January 2024 651
NET BOOK VALUE
At 31 January 2024 651
At 31 January 2023 650

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 278,621 247,293
Other debtors 187,349 343,815
465,970 591,108

Jackson Lombard Limited (Registered number: 10651239)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 34,000 34,000
Trade creditors 51,309 63,792
Taxation and social security 192,041 144,608
Other creditors 176,313 379,843
453,663 622,243

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 50,974 85,827

9. OTHER FINANCIAL COMMITMENTS

The company had total commitments under non-cancellable operating leases over the remaining life of those lease of £24,000 (31/01/23 - £54,750).

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Interest is charged on the loans which were unsecured, all loans were repaid by the year-end.

11. RELATED PARTY DISCLOSURES

Included in administrative expenses are intercompany bad debts of £106,578. This relates to loans written off against two companies that some of the directors are shareholders of, these companies have entered administration and no repayment is expected.