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REGISTERED NUMBER: 01438861 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31st December 2023

for

Boydell & Jacks Limited

Boydell & Jacks Limited (Registered number: 01438861)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Boydell & Jacks Limited

Company Information
for the Year Ended 31st December 2023







DIRECTORS: S A Jacks
C M Jacks
P J Halstead
A M Knight





SECRETARY: Mrs C A Mckinlay





REGISTERED OFFICE: Wingard House
Healey Wood Industrial Estate
Burnley
BB11 2HW





REGISTERED NUMBER: 01438861 (England and Wales)

Boydell & Jacks Limited (Registered number: 01438861)

Balance Sheet
31st December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 342,715 379,751
342,715 379,751

CURRENT ASSETS
Stocks 765,587 730,766
Debtors 6 1,354,310 1,288,849
Cash at bank and in hand 944,231 519,761
3,064,128 2,539,376
CREDITORS
Amounts falling due within one year 7 1,303,118 1,195,968
NET CURRENT ASSETS 1,761,010 1,343,408
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,103,725

1,723,159

CREDITORS
Amounts falling due after more than one
year

8

(17,115

)

(36,158

)

PROVISIONS FOR LIABILITIES (49,103 ) (55,938 )
NET ASSETS 2,037,507 1,631,063

CAPITAL AND RESERVES
Called up share capital 1,100 1,100
Share premium 50,940 50,940
Retained earnings 1,985,467 1,579,023
SHAREHOLDERS' FUNDS 2,037,507 1,631,063

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

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

Boydell & Jacks Limited (Registered number: 01438861)

Balance Sheet - continued
31st 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 21st June 2024 and were signed on its behalf by:




S A Jacks - Director



C M Jacks - Director


Boydell & Jacks Limited (Registered number: 01438861)

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

1. STATUTORY INFORMATION

Boydell & Jacks 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.

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


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.

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.

Patents and licences have been fully amortised.

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.
Freehold property - 2% Straight Line Basis
Long leasehold - Amortised over Period of the Lease
Plant and machinery - 25% Straight Line Basis and 10% Straight Line Basis
Fixtures and fittings - 25% Straight Line Basis
Motor vehicles - 25% Straight Line Basis

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to sell, after making due allowance for obsolete and slow moving items.

For work in progress and finished goods manufactured by the company, cost is taken as production cost, which includes an appropriate proportion of attributable overheads.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statements if financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are recognised at amortised cost with changes recognised in the income statement.

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.

Boydell & Jacks Limited (Registered number: 01438861)

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

2. ACCOUNTING POLICIES - continued

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. A defined contribution plan is a post-employment benefit plan under which the company pays fixed contributions into a separate entity and will have no leal or constructive obligation to pay further amounts. The assets of the scheme are held separately from those of the company in an independently administered fund. The amount charged to the profit and loss account represents the contributions payable to the scheme in respect of the accounting period.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2022 - 33 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st January 2023
and 31st December 2023 14,452
AMORTISATION
At 1st January 2023
and 31st December 2023 14,452
NET BOOK VALUE
At 31st December 2023 -
At 31st December 2022 -

Boydell & Jacks Limited (Registered number: 01438861)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st January 2023 419,683 2,116,754 2,536,437
Additions - 20,384 20,384
At 31st December 2023 419,683 2,137,138 2,556,821
DEPRECIATION
At 1st January 2023 274,884 1,881,802 2,156,686
Charge for year 8,391 49,029 57,420
At 31st December 2023 283,275 1,930,831 2,214,106
NET BOOK VALUE
At 31st December 2023 136,408 206,307 342,715
At 31st December 2022 144,799 234,952 379,751

The market value of the freehold property and short term leasehold property are in the opinion of the directors not materially different to their net book value.

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

Plant and
machinery
etc
£   
COST
At 1st January 2023
and 31st December 2023 28,200
DEPRECIATION
At 1st January 2023 6,463
Charge for year 6,463
At 31st December 2023 12,926
NET BOOK VALUE
At 31st December 2023 15,274
At 31st December 2022 21,737

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,182,049 1,205,286
Other debtors 172,261 83,563
1,354,310 1,288,849

Boydell & Jacks Limited (Registered number: 01438861)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 9,043 11,957
Trade creditors 679,012 656,776
Taxation and social security 455,230 360,025
Other creditors 149,833 157,210
1,303,118 1,195,968

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 15,000 25,000
Hire purchase contracts 2,115 11,158
17,115 36,158

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts 11,158 23,115

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.12.23 31.12.22
£    £   
S A Jacks
Balance outstanding at start of year - -
Amounts advanced 250,000 -
Amounts repaid (150,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 100,000 -

The loan was fully repaid in January 2024.

Interest was charged on the outstanding balance at the HMRC approved rate of 2.25%.

11. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by the Directors, Mr S A Jacks and Mr C M Jacks.