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REGISTERED NUMBER: 08389156 (England and Wales)





















JACKSONS DIESEL CENTRE LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






JACKSONS DIESEL CENTRE LTD (REGISTERED NUMBER: 08389156)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


JACKSONS DIESEL CENTRE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: C A Jackson





SECRETARY: R W Jackson





REGISTERED OFFICE: 22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ





REGISTERED NUMBER: 08389156 (England and Wales)





ACCOUNTANTS: Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

JACKSONS DIESEL CENTRE LTD (REGISTERED NUMBER: 08389156)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 24,885 29,321
24,885 29,321

CURRENT ASSETS
Stocks 8,500 8,500
Debtors 6 92,128 96,553
Cash at bank 4,214 4,820
104,842 109,873
CREDITORS
Amounts falling due within one year 7 117,868 87,001
NET CURRENT (LIABILITIES)/ASSETS (13,026 ) 22,872
TOTAL ASSETS LESS CURRENT LIABILITIES 11,859 52,193

CREDITORS
Amounts falling due after more than one
year

8

(54,681

)

(65,193

)

PROVISIONS FOR LIABILITIES (4,728 ) (5,571 )
NET LIABILITIES (47,550 ) (18,571 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (47,650 ) (18,671 )
SHAREHOLDERS' FUNDS (47,550 ) (18,571 )

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 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.

JACKSONS DIESEL CENTRE LTD (REGISTERED NUMBER: 08389156)

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 September 2024 and were signed by:





C A Jackson - Director


JACKSONS DIESEL CENTRE LTD (REGISTERED NUMBER: 08389156)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Jacksons Diesel Centre Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

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.
Plant and machinery - 25% on reducing balance
Furniture and office equipment - 25% on reducing balance

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 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.


JACKSONS DIESEL CENTRE LTD (REGISTERED NUMBER: 08389156)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


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.

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.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Government grants
Grants are accounted for under the accruals model as permitted by FRS102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income,

Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 5 ) .

JACKSONS DIESEL CENTRE LTD (REGISTERED NUMBER: 08389156)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 5,000
AMORTISATION
At 1 April 2023
and 31 March 2024 5,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Furniture
and
Plant and office
machinery equipment Totals
£    £    £   
COST
At 1 April 2023 93,772 2,785 96,557
Additions 3,020 - 3,020
At 31 March 2024 96,792 2,785 99,577
DEPRECIATION
At 1 April 2023 66,039 1,197 67,236
Charge for year 7,059 397 7,456
At 31 March 2024 73,098 1,594 74,692
NET BOOK VALUE
At 31 March 2024 23,694 1,191 24,885
At 31 March 2023 27,733 1,588 29,321

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,105 6,863
Other debtors 86,023 89,690
92,128 96,553

JACKSONS DIESEL CENTRE LTD (REGISTERED NUMBER: 08389156)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 14,327 13,512
Hire purchase contracts 1,627 -
Trade creditors 17,563 9,122
Taxation and social security 55,522 32,158
Other creditors 28,829 32,209
117,868 87,001

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 39,809 47,860
Hire purchase contracts 1,393 -
Other creditors 13,479 17,333
54,681 65,193

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 49,232 58,655

The bank loan of £49,232 (2023 - £58,655) is secured over the personal assets of G M Jackson.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1.00 100 100