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REGISTERED NUMBER: 03475991 (England and Wales)















JACKSON'S GREETING CARDS LIMITED

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024






JACKSON'S GREETING CARDS LIMITED (REGISTERED NUMBER: 03475991)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JACKSON'S GREETING CARDS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: G C Jackson





SECRETARY: L Jackson





REGISTERED OFFICE: Surbiton Street
Attercliffe
Sheffield
South Yorkshire
S9 2DN





REGISTERED NUMBER: 03475991 (England and Wales)





AUDITORS: Xeinadin Audit Limited
Sidings House
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU

JACKSON'S GREETING CARDS LIMITED (REGISTERED NUMBER: 03475991)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 306,277 276,707

CURRENT ASSETS
Stocks 5 1,506,056 1,493,995
Debtors 6 537,613 575,468
Cash at bank and in hand 664,685 488,163
2,708,354 2,557,626
CREDITORS
Amounts falling due within one year 7 755,728 659,827
NET CURRENT ASSETS 1,952,626 1,897,799
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,258,903

2,174,506

CREDITORS
Amounts falling due after more than one
year

8

(26,173

)

(42,746

)

PROVISIONS FOR LIABILITIES (48,339 ) (40,745 )
NET ASSETS 2,184,391 2,091,015

CAPITAL AND RESERVES
Called up share capital 43 43
Capital redemption reserve 57 57
Retained earnings 2,184,291 2,090,915
SHAREHOLDERS' FUNDS 2,184,391 2,091,015

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 7 October 2024 and were signed by:





G C Jackson - Director


JACKSON'S GREETING CARDS LIMITED (REGISTERED NUMBER: 03475991)

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


1. STATUTORY INFORMATION

Jackson's Greeting Cards 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

JACKSON'S GREETING CARDS LIMITED (REGISTERED NUMBER: 03475991)

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


2. ACCOUNTING POLICIES - continued

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.

Grant income
Grant income relating to revenue is recognised on an accruals basis. Income is recognised on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. A grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support with no future related costs is recognised in income in the period in which it becomes receivable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2023 - 41 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 641,128 202,519 91,388 935,035
Additions 67,692 19,300 12,489 99,481
Disposals - (35,994 ) - (35,994 )
At 31 March 2024 708,820 185,825 103,877 998,522
DEPRECIATION
At 1 April 2023 486,648 104,554 67,126 658,328
Charge for year 27,025 23,585 10,626 61,236
Eliminated on disposal - (27,319 ) - (27,319 )
At 31 March 2024 513,673 100,820 77,752 692,245
NET BOOK VALUE
At 31 March 2024 195,147 85,005 26,125 306,277
At 31 March 2023 154,480 97,965 24,262 276,707

JACKSON'S GREETING CARDS LIMITED (REGISTERED NUMBER: 03475991)

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


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 29,500
DEPRECIATION
At 1 April 2023 (7,974 )
Charge for year 15,349
At 31 March 2024 7,375
NET BOOK VALUE
At 31 March 2024 22,125
At 31 March 2023 37,474

5. STOCKS
2024 2023
£    £   
Stocks 1,506,056 1,493,995

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 458,302 545,544
Other debtors 79,311 29,924
537,613 575,468

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,211 12,006
Hire purchase contracts (see note 9) 4,687 4,687
Trade creditors 553,209 349,785
Taxation and social security 93,835 158,510
Other creditors 91,786 134,839
755,728 659,827

JACKSON'S GREETING CARDS LIMITED (REGISTERED NUMBER: 03475991)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 16,539 28,683
Hire purchase contracts (see note 9) 9,634 14,063
26,173 42,746

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 4,687 4,687
Between one and five years 9,634 14,063
14,321 18,750

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Cribb FCA (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited

11. CONTINGENT LIABILITIES

The bank borrowings are in part secured by a group cross guarantee held by HSBC between The Jacksons Group of Companies Limited and Jacksons Greeting Cards Limited. At 31 March 2024 the borrowings of The Jacksons Group of Companies Limited were £NIL (2023: £NIL)

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.