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REGISTERED NUMBER: 09040996 (England and Wales)












Jacksons Superyacht Finishers Ltd

Unaudited Financial Statements

for the Year Ended 30th September 2024






Jacksons Superyacht Finishers Ltd (Registered number: 09040996)






Contents of the Financial Statements
for the Year Ended 30th September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Jacksons Superyacht Finishers Ltd

Company Information
for the Year Ended 30th September 2024







DIRECTORS: C A W Jackson
Ms A J Poll





REGISTERED OFFICE: 48 Arwenack Street
Falmouth
Cornwall
TR11 3JH





REGISTERED NUMBER: 09040996 (England and Wales)





ACCOUNTANTS: Hodgsons
Chartered Accountants
48 Arwenack Street
Falmouth
Cornwall
TR11 3JH

Jacksons Superyacht Finishers Ltd (Registered number: 09040996)

Statement of Financial Position
30th September 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,420 1,893

CURRENT ASSETS
Debtors 5 59,276 69,960
Cash at bank 78 202
59,354 70,162
CREDITORS
Amounts falling due within one year 6 (52,209 ) (58,317 )
NET CURRENT ASSETS 7,145 11,845
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,565

13,738

PROVISIONS FOR LIABILITIES (270 ) (379 )
NET ASSETS 8,295 13,359

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 8,293 13,357
SHAREHOLDERS' FUNDS 8,295 13,359

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

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 19th November 2024 and were signed on its behalf by:



C A W Jackson - Director


Jacksons Superyacht Finishers Ltd (Registered number: 09040996)

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

1. STATUTORY INFORMATION

Jacksons Superyacht Finishers 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The financial statements cover the individual entity.

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.
Plant and machinery - 25% on reducing balance
Office equipment - 33% on cost and 25% on reducing balance

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Financial instruments
The company has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other receivables, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of future receipts, discounted at a market rate of interest.

(ii) Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans and loans from fellow group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future receipts, discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Jacksons Superyacht Finishers Ltd (Registered number: 09040996)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024

4. TANGIBLE FIXED ASSETS
Plant and Office
machinery equipment Totals
£    £    £   
COST
At 1st October 2023
and 30th September 2024 9,675 2,751 12,426
DEPRECIATION
At 1st October 2023 8,324 2,209 10,533
Charge for year 338 135 473
At 30th September 2024 8,662 2,344 11,006
NET BOOK VALUE
At 30th September 2024 1,013 407 1,420
At 30th September 2023 1,351 542 1,893

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 8,463 2,915
Other debtors 28 28
Directors' current accounts 42,610 58,872
Tax 8,068 8,068
VAT 107 77
59,276 69,960

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 4,829 3,854
Trade creditors 2,670 2,360
Taxation and social security 24,024 30,898
Other creditors 20,686 21,205
52,209 58,317

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th September 2024 and 30th September 2023:

30.9.24 30.9.23
£    £   
C A W Jackson and Ms A J Poll
Balance outstanding at start of year 58,872 39,957
Amounts advanced 50,197 67,935
Amounts repaid (66,459 ) (49,020 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 42,610 58,872

Jacksons Superyacht Finishers Ltd (Registered number: 09040996)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

The directors' advances and repayments shown above represent the total of various transactions during the year. Interest has been charged at the official rate.