IRIS Accounts Production v24.1.0.578 12385788 director 1.2.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh123857882023-01-31123857882024-01-31123857882023-02-012024-01-31123857882022-01-31123857882022-02-012023-01-31123857882023-01-3112385788ns15:EnglandWales2023-02-012024-01-3112385788ns14:PoundSterling2023-02-012024-01-3112385788ns10:Director12023-02-012024-01-3112385788ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3112385788ns10:SmallEntities2023-02-012024-01-3112385788ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3112385788ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3112385788ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3112385788ns10:FullAccounts2023-02-012024-01-3112385788ns10:RegisteredOffice2023-02-012024-01-3112385788ns5:CurrentFinancialInstruments2024-01-3112385788ns5:CurrentFinancialInstruments2023-01-3112385788ns5:ShareCapital2024-01-3112385788ns5:ShareCapital2023-01-3112385788ns5:RetainedEarningsAccumulatedLosses2024-01-3112385788ns5:RetainedEarningsAccumulatedLosses2023-01-3112385788ns5:PlantMachinery2023-01-3112385788ns5:PlantMachinery2023-02-012024-01-3112385788ns5:PlantMachinery2024-01-3112385788ns5:PlantMachinery2023-01-3112385788ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3112385788ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-31
REGISTERED NUMBER: 12385788 (England and Wales)











Unaudited Financial Statements for the Year Ended 31 January 2024

for

Jack & Jill Payments Ltd

Jack & Jill Payments Ltd (Registered number: 12385788)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jack & Jill Payments Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mrs M T Hopkins





REGISTERED OFFICE: 243 Brighton Road
Lancing
West Sussex
BN15 8JP





REGISTERED NUMBER: 12385788 (England and Wales)

Jack & Jill Payments Ltd (Registered number: 12385788)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,878 8,807

CURRENT ASSETS
Stocks 2,000 500
Debtors 5 14,786 14,199
Cash at bank 38,691 38,505
55,477 53,204
CREDITORS
Amounts falling due within one year 6 47,739 43,532
NET CURRENT ASSETS 7,738 9,672
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,616

18,479

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 14,516 18,379
SHAREHOLDERS' FUNDS 14,616 18,479

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 director acknowledges her 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.

Jack & Jill Payments Ltd (Registered number: 12385788)

Balance Sheet - 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 October 2024 and were signed by:





Mrs M T Hopkins - Director


Jack & Jill Payments Ltd (Registered number: 12385788)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Jack & Jill Payments 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Jack & Jill Payments Ltd (Registered number: 12385788)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 14,634
Additions 364
At 31 January 2024 14,998
DEPRECIATION
At 1 February 2023 5,827
Charge for year 2,293
At 31 January 2024 8,120
NET BOOK VALUE
At 31 January 2024 6,878
At 31 January 2023 8,807

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 14,459 14,199
Other debtors 327 -
14,786 14,199

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 5,585 7,426
Trade creditors 2,707 1,498
Amounts owed to group undertakings 20,677 22,172
Taxation and social security 16,768 11,932
Other creditors 2,002 504
47,739 43,532