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Registration number: 00668862

Norman Jackson (Flixborough) Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Norman Jackson (Flixborough) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Norman Jackson (Flixborough) Limited

Company Information

Directors

J B Jackson

J F Jackson

Company secretary

J B Jackson

Registered office

Low Farm
Somerby
Barnetby
Lincolnshire
DN38 6BW

Bankers

HSBC
Scunthorpe
84 High Street
Scunthorpe
Lincolnshire
DN15 6HQ

 

Norman Jackson (Flixborough) Limited

(Registration number: 00668862)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,254,524

2,254,524

Other financial assets

5

15

15

 

2,254,539

2,254,539

Current assets

 

Stocks

6

405,651

530,002

Debtors

7

277,957

512,639

Cash at bank and in hand

 

430,921

73,462

 

1,114,529

1,116,103

Creditors: Amounts falling due within one year

8

(1,966,724)

(2,035,445)

Net current liabilities

 

(852,195)

(919,342)

Net assets

 

1,402,344

1,335,197

Capital and reserves

 

Called up share capital

9

11,805

11,805

Share premium reserve

214,795

214,795

Capital redemption reserve

36,434

36,434

Revaluation reserve

1,131,396

1,131,396

Retained earnings

7,914

(59,233)

Shareholders' funds

 

1,402,344

1,335,197

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 January 2025 and signed on its behalf by:
 

.........................................
J B Jackson
Company secretary and director

 

Norman Jackson (Flixborough) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital incorporated in England and Wales and the company registration number is 00668862.

The address of its registered office is:
Low Farm
Somerby
Barnetby
Lincolnshire
DN38 6BW

These financial statements cover the individual entity Norman Jackson (Flixborough) Limited.

These financial statements were authorised for issue by the Board on 3 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

 

Norman Jackson (Flixborough) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

Nil

Stocks

The basis of valuation is as follows:

Raw materials and consumables are stated at the lower of cost or net realisable value.

Tenantright is calculated by a combination of actual costs incurred and standard costs.

Produce on hand is valued at cost of production.

The basis of valuation is consistent with previous years.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 0 (2023 - 0).

 

Norman Jackson (Flixborough) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 October 2023

2,254,524

2,254,524

At 30 September 2024

2,254,524

2,254,524

Depreciation

Carrying amount

At 30 September 2024

2,254,524

2,254,524

At 30 September 2023

2,254,524

2,254,524

Revaluation

The fair value of the company's land and buildings was revalued on 30 September 2019. An independent valuer was not involved.

If land and buildings had not been revalued they would have been included at the following historical cost:

 

2024

2023

£

£

Historical cost

1,617,999

1,617,999

Aggregate depreciation

1,053,314

988,594

Carrying value

564,685

629,405

 

Norman Jackson (Flixborough) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

5

Other financial assets (current and non-current)

Other investments
£

Total
£

Non-current financial assets

Cost or valuation

At 1 October 2023

15

15

At 30 September 2024

15

15

Impairment

Carrying amount

At 30 September 2024

15

15

6

Stocks

2024
£

2023
£

Raw materials and consumables

89,147

39,219

Work in progress

77,734

89,610

Finished goods and goods for resale

238,770

401,173

405,651

530,002

7

Debtors

Current

2024
£

2023
£

Trade debtors

15,035

270,821

Prepayments

4,396

3,828

Other debtors

258,526

237,990

 

277,957

512,639

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10

1,891,000

1,899,000

Trade creditors

 

72,724

133,945

Accruals and deferred income

 

3,000

2,500

 

1,966,724

2,035,445

 

Norman Jackson (Flixborough) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

11,805

11,805

11,805

11,805

       

10

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

1,891,000

1,899,000

11

Related party transactions

Loans from related parties

2024

Other related parties
£

Total
£

At start of period

1,799,000

1,799,000

At end of period

1,799,000

1,799,000

2023

Other related parties
£

Total
£

At start of period

1,799,000

1,799,000

At end of period

1,799,000

1,799,000