J.Jackson Limited 00572155 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is farming Digita Accounts Production Advanced 6.30.9574.0 true true 00572155 2023-10-01 2024-09-30 00572155 2024-09-30 00572155 bus:OrdinaryShareClass1 bus:CumulativeRedeemableShares 2024-09-30 00572155 core:OtherReservesSubtotal 2024-09-30 00572155 core:RetainedEarningsAccumulatedLosses 2024-09-30 00572155 core:ShareCapital 2024-09-30 00572155 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-09-30 00572155 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-09-30 00572155 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2024-09-30 00572155 core:CurrentFinancialInstruments 2024-09-30 00572155 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 00572155 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 00572155 core:Goodwill 2024-09-30 00572155 core:FurnitureFittingsToolsEquipment 2024-09-30 00572155 core:LandBuildings 2024-09-30 00572155 core:MotorVehicles 2024-09-30 00572155 core:OtherPropertyPlantEquipment 2024-09-30 00572155 bus:SmallEntities 2023-10-01 2024-09-30 00572155 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 00572155 bus:FilletedAccounts 2023-10-01 2024-09-30 00572155 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 00572155 bus:RegisteredOffice 2023-10-01 2024-09-30 00572155 bus:CompanySecretaryDirector1 2023-10-01 2024-09-30 00572155 bus:CompanySecretaryDirector2 2023-10-01 2024-09-30 00572155 bus:OrdinaryShareClass1 bus:CumulativeRedeemableShares 2023-10-01 2024-09-30 00572155 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 00572155 bus:Agent1 2023-10-01 2024-09-30 00572155 core:OtherResidualIntangibleAssets 2023-10-01 2024-09-30 00572155 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 00572155 core:LandBuildings 2023-10-01 2024-09-30 00572155 core:LeaseholdImprovements 2023-10-01 2024-09-30 00572155 core:MotorVehicles 2023-10-01 2024-09-30 00572155 core:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 00572155 core:PlantMachinery 2023-10-01 2024-09-30 00572155 countries:EnglandWales 2023-10-01 2024-09-30 00572155 2023-09-30 00572155 core:Goodwill 2023-09-30 00572155 core:FurnitureFittingsToolsEquipment 2023-09-30 00572155 core:LandBuildings 2023-09-30 00572155 core:MotorVehicles 2023-09-30 00572155 core:OtherPropertyPlantEquipment 2023-09-30 00572155 2022-10-01 2023-09-30 00572155 2023-09-30 00572155 bus:OrdinaryShareClass1 bus:CumulativeRedeemableShares 2023-09-30 00572155 core:OtherReservesSubtotal 2023-09-30 00572155 core:RetainedEarningsAccumulatedLosses 2023-09-30 00572155 core:ShareCapital 2023-09-30 00572155 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-09-30 00572155 core:HirePurchaseContracts core:Non-currentFinancialInstruments core:PreviouslyStatedAmount 2023-09-30 00572155 core:CurrentFinancialInstruments 2023-09-30 00572155 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 00572155 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 00572155 core:Goodwill 2023-09-30 00572155 core:FurnitureFittingsToolsEquipment 2023-09-30 00572155 core:LandBuildings 2023-09-30 00572155 core:MotorVehicles 2023-09-30 00572155 core:OtherPropertyPlantEquipment 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 00572155

J.Jackson Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

J.Jackson Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

J.Jackson Limited

Company Information

Directors

J B Jackson

J F Jackson

Company secretary

J B Jackson

J F Jackson

Registered office

Low Farm
Somerby
Barnetby
Lincolnshire
DN38 6BW

Bankers

HSBC
Scunthorpe
84 High Street
Scunthorpe
Lincolnshire
DN15 6HQ

 

J.Jackson Limited

(Registration number: 00572155)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

1

1

Tangible assets

5

1,933,004

1,307,435

Other financial assets

6

15

15

 

1,933,020

1,307,451

Current assets

 

Stocks

1,966,077

1,192,408

Debtors

7

557,985

1,304,398

Cash at bank and in hand

 

25,039

361,667

 

2,549,101

2,858,473

Creditors: Amounts falling due within one year

8

(1,260,557)

(1,533,749)

Net current assets

 

1,288,544

1,324,724

Total assets less current liabilities

 

3,221,564

2,632,175

Creditors: Amounts falling due after more than one year

8

(204,526)

-

Provisions for liabilities

(285,943)

(185,865)

Net assets

 

2,731,095

2,446,310

Capital and reserves

 

Called up share capital

9

10,000

10,000

Other reserves

41,979

41,979

Retained earnings

2,679,116

2,394,331

Shareholders' funds

 

2,731,095

2,446,310

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.Jackson Limited

(Registration number: 00572155)
Balance Sheet as at 30 September 2024

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

 

J.Jackson 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 00572155.

These financial statements cover the individual entity J.Jackson Limited.
 

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

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

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 have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

 

J.Jackson Limited

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

Government grants

Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

Basic Payment Scheme is received in respect of calendar years. Receipt is contingent upon meeting certain eligibility criteria. Once the criteria have been met the income is recognised on a time apportionment basis over the calendar year to which it relates.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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

Improvements to property

10% straight line basis

Plant and machinery

10% straight line basis

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Entitlements

3 years straight line

Stocks

The basis of valuation is as follows:-

Raw materials and consumables are stated at 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 standard cost.

 

J.Jackson Limited

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 14 (2023 - 12).

 

J.Jackson Limited

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

4

Intangible assets

Entitlements
£

Total
£

Cost or valuation

At 1 October 2023

17,960

17,960

At 30 September 2024

17,960

17,960

Amortisation

At 1 October 2023

17,959

17,959

At 30 September 2024

17,959

17,959

Carrying amount

At 30 September 2024

1

1

At 30 September 2023

1

1

5

Tangible assets

Land and buildings
£

Plant and machinery
£

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 October 2023

789,830

1,809,060

95,607

4,340

2,698,837

Additions

240,142

457,868

59,408

-

757,418

Disposals

(13,000)

(17,200)

-

-

(30,200)

At 30 September 2024

1,016,972

2,249,728

155,015

4,340

3,426,055

Depreciation

At 1 October 2023

225,855

1,152,608

11,954

984

1,391,401

Charge for the year

1,888

94,728

11,046

868

108,530

Eliminated on disposal

-

(6,880)

-

-

(6,880)

At 30 September 2024

227,743

1,240,456

23,000

1,852

1,493,051

Carrying amount

At 30 September 2024

789,229

1,009,272

132,015

2,488

1,933,004

At 30 September 2023

563,975

656,451

83,653

3,356

1,307,435

 

J.Jackson Limited

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

6

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

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

7

Debtors

Current

2024
£

2023
£

Trade debtors

430,384

884,221

Prepayments

93,761

48,733

Other debtors

33,840

371,444

 

557,985

1,304,398

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

10

295,169

-

Hire purchase

 

70,552

-

Trade creditors

 

583,642

1,106,199

Taxation and social security

 

17,756

11,072

Other creditors

 

144,031

266,980

Accruals and deferred income

 

149,407

149,498

 

1,260,557

1,533,749

Due after one year

 

Hire purchase contracts

 

204,526

-

 

J.Jackson 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

10,000

10,000

10,000

10,000

       

10

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Hire purchase

204,526

-

Bank borrowings of £nil (2023: £nil) and hire purchase of £204,526 (2023: £nil) are secured upon the assets acquired.

2024
£

2023
£

Current loans and borrowings

Bank overdrafts

295,169

-

Hire purchase

70,552

-

Other borrowings

23,500

52,500

389,221

52,500

Bank borrowings of £nil (2023: £nil) and hire purchase of £70,552 (2023: £nil) are secured upon the assets acquired.