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REGISTERED NUMBER: 04189064 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Jacksons of Preston Ltd

Jacksons of Preston Ltd (Registered number: 04189064)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jacksons of Preston Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: S E Jackson
Mrs T Jackson





SECRETARY: S E Jackson





REGISTERED OFFICE: 52-54 Tulketh Road
Ashton
Preston
PR2 1AQ





REGISTERED NUMBER: 04189064 (England and Wales)





ACCOUNTANTS: Haines Watts
3rd Floor Pacific Chambers
11-13 Victoria Street
Liverpool
Merseyside
L2 5QQ

Jacksons of Preston Ltd (Registered number: 04189064)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 61,304 61,245
61,304 61,245

CURRENT ASSETS
Stocks 39,499 65,000
Debtors 6 90,065 65,008
129,564 130,008
CREDITORS
Amounts falling due within one year 7 180,187 179,094
NET CURRENT LIABILITIES (50,623 ) (49,086 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,681

12,159

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 681 2,159
10,681 12,159

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Jacksons of Preston Ltd (Registered number: 04189064)

Balance Sheet - continued
31 May 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 Board of Directors and authorised for issue on 27 February 2025 and were signed on its behalf by:





S E Jackson - Director


Jacksons of Preston Ltd (Registered number: 04189064)

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

1. STATUTORY INFORMATION

Jacksons of Preston 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 20% on reducing balance

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.

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 4 (2023 - 4 ) .

Jacksons of Preston Ltd (Registered number: 04189064)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 June 2023
and 31 May 2024 15,000
AMORTISATION
At 1 June 2023
and 31 May 2024 15,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 June 2023 89,105
Additions 2,167
At 31 May 2024 91,272
DEPRECIATION
At 1 June 2023 27,860
Charge for year 2,108
At 31 May 2024 29,968
NET BOOK VALUE
At 31 May 2024 61,304
At 31 May 2023 61,245

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£ £
Trade debtors 25,760 20,908
Other debtors 64,305 44,100
90,065 65,008

Jacksons of Preston Ltd (Registered number: 04189064)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£ £
Bank loans and overdrafts 34,319 34,714
Trade creditors 94,732 80,641
Taxation and social security 46,012 58,615
Other creditors 5,124 5,124
180,187 179,094

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr S Jackson and Mrs T Jackson, who together own the majority of the share capital.