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Registered number: 06176794
Jackson Architects Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
MWR Accountants
Chartered Certified Accountants
First Floor Blackdown House
Blackbrook Business Park
Taunton
TA1 2PX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06176794
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 1,770 2,292
1,770 2,292
CURRENT ASSETS
Stocks 6 39,396 44,825
Debtors 7 47,848 5,064
Cash at bank and in hand 16,256 14,807
103,500 64,696
Creditors: Amounts Falling Due Within One Year 8 (70,895 ) (50,817 )
NET CURRENT ASSETS (LIABILITIES) 32,605 13,879
TOTAL ASSETS LESS CURRENT LIABILITIES 34,375 16,171
PROVISIONS FOR LIABILITIES
Deferred Taxation (180 ) (241 )
NET ASSETS 34,195 15,930
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 34,095 15,830
SHAREHOLDERS' FUNDS 34,195 15,930
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Jason Jackson
Director
18 November 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Jackson Architects Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06176794 . The registered office is C/O Mwr Accountants First Floor Blackdown House, Blackbrook Business Park, Taunton, Somerset, TA1 2PX.
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 represents the total invoice value, excluding value added tax, of sales made during the year.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is being amortised to profit and loss account over its estimated economic life of 10 years.
2.4. 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:
Freehold 10% on cost
Fixtures & Fittings 25% on reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value.
2.6. 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. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
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. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 135,000
As at 31 March 2024 135,000
Amortisation
As at 1 April 2023 135,000
As at 31 March 2024 135,000
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 2,050 19,547 21,597
As at 31 March 2024 2,050 19,547 21,597
Depreciation
As at 1 April 2023 1,025 18,280 19,305
Provided during the period 205 317 522
As at 31 March 2024 1,230 18,597 19,827
Net Book Value
As at 31 March 2024 820 950 1,770
As at 1 April 2023 1,025 1,267 2,292
6. Stocks
2024 2023
£ £
Work in progress 39,396 44,825
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 44,832 847
Other debtors 3,016 4,217
47,848 5,064
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 164 5,247
Other creditors 32,103 23,432
Taxation and social security 38,628 22,138
70,895 50,817
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 1,456 4,369
Later than one year and not later than five years - 1,456
1,456 5,825
Page 5