Jackpad Limited 3966184 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of making engineering supplies Digita Accounts Production Advanced 6.30.9574.0 true 3966184 2023-04-01 2024-03-31 3966184 2024-03-31 3966184 bus:OrdinaryShareClass1 2024-03-31 3966184 bus:OrdinaryShareClass3 2024-03-31 3966184 bus:OrdinaryShareClass5 2024-03-31 3966184 core:CapitalRedemptionReserve 2024-03-31 3966184 core:RetainedEarningsAccumulatedLosses 2024-03-31 3966184 core:ShareCapital 2024-03-31 3966184 core:CurrentFinancialInstruments 2024-03-31 3966184 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 3966184 core:FurnitureFittingsToolsEquipment 2024-03-31 3966184 core:LandBuildings 2024-03-31 3966184 core:MotorVehicles 2024-03-31 3966184 core:OtherPropertyPlantEquipment 2024-03-31 3966184 bus:SmallEntities 2023-04-01 2024-03-31 3966184 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 3966184 bus:FullAccounts 2023-04-01 2024-03-31 3966184 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 3966184 bus:RegisteredOffice 2023-04-01 2024-03-31 3966184 bus:Director1 2023-04-01 2024-03-31 3966184 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 3966184 bus:OrdinaryShareClass3 2023-04-01 2024-03-31 3966184 bus:OrdinaryShareClass5 2023-04-01 2024-03-31 3966184 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 3966184 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 3966184 core:LandBuildings 2023-04-01 2024-03-31 3966184 core:MotorVehicles 2023-04-01 2024-03-31 3966184 core:OfficeEquipment 2023-04-01 2024-03-31 3966184 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 3966184 core:PlantMachinery 2023-04-01 2024-03-31 3966184 countries:England 2023-04-01 2024-03-31 3966184 2023-03-31 3966184 core:FurnitureFittingsToolsEquipment 2023-03-31 3966184 core:LandBuildings 2023-03-31 3966184 core:MotorVehicles 2023-03-31 3966184 core:OtherPropertyPlantEquipment 2023-03-31 3966184 2022-04-01 2023-03-31 3966184 2023-03-31 3966184 bus:OrdinaryShareClass1 2023-03-31 3966184 bus:OrdinaryShareClass3 2023-03-31 3966184 bus:OrdinaryShareClass5 2023-03-31 3966184 core:CapitalRedemptionReserve 2023-03-31 3966184 core:RetainedEarningsAccumulatedLosses 2023-03-31 3966184 core:ShareCapital 2023-03-31 3966184 core:CurrentFinancialInstruments 2023-03-31 3966184 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 3966184 core:FurnitureFittingsToolsEquipment 2023-03-31 3966184 core:LandBuildings 2023-03-31 3966184 core:MotorVehicles 2023-03-31 3966184 core:OtherPropertyPlantEquipment 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 3966184

Jackpad Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Jackpad Limited

(Registration number: 3966184)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

439,225

472,678

Current assets

 

Stocks

358,865

291,869

Debtors

5

486,877

621,204

Cash at bank and in hand

 

725,081

454,656

 

1,570,823

1,367,729

Creditors: Amounts falling due within one year

6

(476,237)

(607,961)

Net current assets

 

1,094,586

759,768

Total assets less current liabilities

 

1,533,811

1,232,446

Provisions for liabilities

(14,629)

(20,718)

Net assets

 

1,519,182

1,211,728

Capital and reserves

 

Called up share capital

7

22

22

Capital redemption reserve

82

82

Retained earnings

1,519,078

1,211,624

Shareholders' funds

 

1,519,182

1,211,728

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 17 September 2024 and signed on its behalf by:
 


Mr K Cartwright
Director

   
 

Jackpad Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 19
Churchill Way
Fleckney
Leicester
LE8 8UD

The company's registration number is 03966184.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when: the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Jackpad Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

2% per annum on cost

Office equipment

over 3 years

Motor vehicles

25% per annum on written down value

Plant and machinery

25% per annum on written down value

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

At each reporting date, stocks are assessed for impairment. The impairment loss is recognised immediately in profit or loss.

 

Jackpad Limited

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 10 (2023 - 9).

 

Jackpad Limited

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

4

Tangible assets

Land and buildings
£

Office equipment
£

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2023

432,917

43,284

141,297

18,306

635,804

Additions

-

563

-

-

563

Disposals

-

-

(15,350)

-

(15,350)

At 31 March 2024

432,917

43,847

125,947

18,306

621,017

Depreciation

At 1 April 2023

53,398

37,968

55,958

15,802

163,126

Charge for the year

8,659

2,303

20,043

621

31,626

Eliminated on disposal

-

-

(12,960)

-

(12,960)

At 31 March 2024

62,057

40,271

63,041

16,423

181,792

Carrying amount

At 31 March 2024

370,860

3,576

62,906

1,883

439,225

At 31 March 2023

379,519

5,316

85,339

2,504

472,678

5

Debtors

2024
£

2023
£

Trade debtors

464,095

599,524

Prepayments

22,782

21,680

 

486,877

621,204

6

Creditors

2024
£

2023
£

Due within one year

Trade creditors

119,269

147,498

Social security and other taxes

300,974

212,915

Other creditors

55,994

247,548

476,237

607,961

 

Jackpad Limited

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

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

20

20

20

20

Ordinary B shares of £1 each

1

1

1

1

Ordinary D shares of £1 each

1

1

1

1

 

22

22

22

22