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REGISTERED NUMBER: 01648954 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

JAKINS TREES LIMITED

JAKINS TREES LIMITED (REGISTERED NUMBER: 01648954)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 JANUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


JAKINS TREES LIMITED

COMPANY INFORMATION
for the Year Ended 31 JANUARY 2024







DIRECTORS: Mr P C Jakins
Mr J Jakins





SECRETARY: Ms S A Woodcraft





REGISTERED OFFICE: 260 - 270
Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL





BUSINESS ADDRESS: Kitchen End Nurseries
Pulloxhill Road
SILSOE
Bedfordshire
MK45 4QT





REGISTERED NUMBER: 01648954 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

JAKINS TREES LIMITED (REGISTERED NUMBER: 01648954)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,138,176 695,241

CURRENT ASSETS
Stocks 27,305 31,062
Debtors 5 157,950 297,445
Cash at bank and in hand 379,680 466,518
564,935 795,025
CREDITORS
Amounts falling due within one year 6 387,652 479,710
NET CURRENT ASSETS 177,283 315,315
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,315,459

1,010,556

PROVISIONS FOR LIABILITIES 236,985 126,069
NET ASSETS 1,078,474 884,487

CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 816,556 479,056
Retained earnings 261,818 405,331
SHAREHOLDERS' FUNDS 1,078,474 884,487

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.

JAKINS TREES LIMITED (REGISTERED NUMBER: 01648954)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 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 Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by:





Mr P C Jakins - Director


JAKINS TREES LIMITED (REGISTERED NUMBER: 01648954)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 JANUARY 2024

1. STATUTORY INFORMATION

Jakins Trees 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the fair value of consideration received or receivable after any trade discounts and prompt settlement discounts, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

The freehold property is being held at valuation.The maintenance costs are charged to the profit and loss account in the year incurred. The directors review the estimated residual value at the end of each accounting period.

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 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.

JAKINS TREES LIMITED (REGISTERED NUMBER: 01648954)

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 balance sheet date. Transactions in foreign currencies are translated into sterling at the average rate of exchange during the year. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1 February 2023 650,000 29,415 8,552
Additions 450,000 - -
At 31 January 2024 1,100,000 29,415 8,552
DEPRECIATION
At 1 February 2023 - 25,211 6,233
Charge for year - 631 348
At 31 January 2024 - 25,842 6,581
NET BOOK VALUE
At 31 January 2024 1,100,000 3,573 1,971
At 31 January 2023 650,000 4,204 2,319

JAKINS TREES LIMITED (REGISTERED NUMBER: 01648954)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 February 2023 33,834 36,883 758,684
Additions - 4,791 454,791
At 31 January 2024 33,834 41,674 1,213,475
DEPRECIATION
At 1 February 2023 6,355 25,644 63,443
Charge for year 6,870 4,007 11,856
At 31 January 2024 13,225 29,651 75,299
NET BOOK VALUE
At 31 January 2024 20,609 12,023 1,138,176
At 31 January 2023 27,479 11,239 695,241

Included in cost or valuation of land and buildings is freehold land of £ 450,000 (2023 - £ 450,000 ) which is not depreciated.

Cost or valuation at 31 January 2024 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Valuation in 2024 1,100,000 29,415 8,552

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2024 33,834 41,674 1,213,475

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 52,624 52,624

Value of land in freehold land and buildings 52,624 52,624

Freehold land and buildings were valued on an open market basis on 31 January 2024 by the directors .

JAKINS TREES LIMITED (REGISTERED NUMBER: 01648954)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JANUARY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 143,502 242,644
Other debtors 6,000 -
Directors' loan accounts - 50,040
Prepayments and accrued income 8,448 4,761
157,950 297,445

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 11,725 13,677
Corporation tax 6,637 23,433
Taxation and social security 645 4,038
VAT 362,432 432,104
Other creditors 502 1,733
Directors' loan accounts 236 -
Accrued expenses 5,475 4,725
387,652 479,710

7. SECURED DEBTS

There is a fixed charge related to Kitchen end Nursery, Silsoe, Bedford MK45 4Q, which also contains a negative pledge.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
40 Ordinary A £1 40 40
20 Ordinary B £1 20 20
20 Ordinary C £1 20 20
20 Ordinary D £1 20 20
100 100

All classes of shares have voting rights and the right to dividends.

JAKINS TREES LIMITED (REGISTERED NUMBER: 01648954)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JANUARY 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
Mr P C Jakins
Balance outstanding at start of year 17,764 (434 )
Amounts advanced 65,189 68,198
Amounts repaid (83,000 ) (50,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (47 ) 17,764

Mr J Jakins
Balance outstanding at start of year 32,276 (472 )
Amounts advanced 51,036 87,748
Amounts repaid (83,500 ) (55,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (188 ) 32,276