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Registered number: 04110829
Jackson Design Associates Limited
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 04110829
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 47,707 25,397
47,707 25,397
CURRENT ASSETS
Debtors 5 290,480 394,297
Cash at bank and in hand 385,020 292,835
675,500 687,132
Creditors: Amounts Falling Due Within One Year 6 (255,672 ) (241,654 )
NET CURRENT ASSETS (LIABILITIES) 419,828 445,478
TOTAL ASSETS LESS CURRENT LIABILITIES 467,535 470,875
PROVISIONS FOR LIABILITIES
Deferred Taxation (11,666 ) (4,584 )
NET ASSETS 455,869 466,291
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account 454,869 465,291
SHAREHOLDERS' FUNDS 455,869 466,291
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For the 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr A A Hardie
Director
Mr J R Wright
Director
Mr L Hunter
Director
15 October 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
Jackson Design Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04110829 . The registered office is Latimer House Latimer Way, Sherwood Energy Village , Ollerton, Newark, NG22 PQW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% reducing balance
Fixtures & Fittings 20% straight line
Computer Equipment 33% straight line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 15)
15 15
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 13,241 64,367 68,536 146,144
Additions 33,973 2,020 5,437 41,430
As at 31 March 2024 47,214 66,387 73,973 187,574
Depreciation
As at 1 April 2023 13,241 62,578 44,928 120,747
Provided during the period 4,897 459 13,764 19,120
As at 31 March 2024 18,138 63,037 58,692 139,867
Net Book Value
As at 31 March 2024 29,076 3,350 15,281 47,707
As at 1 April 2023 - 1,789 23,608 25,397
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 269,159 381,421
Other debtors 21,321 12,876
290,480 394,297
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 24,573 16,985
Other creditors 8,838 5,891
Taxation and social security 222,261 218,778
255,672 241,654
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
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