Company Registration No. 05968495 (England and Wales)
Jackson Financial Services Limited
Unaudited accounts
for the year ended 31 October 2024
Jackson Financial Services Limited
Unaudited accounts
Contents
Jackson Financial Services Limited
Company Information
for the year ended 31 October 2024
Directors
Mr J S Jackson
Mrs A T Jackson
Mr D P McDonald
Company Number
05968495 (England and Wales)
Registered Office
35b West Street
Bourne
Lincolnshire
PE10 9NB
England
Accountants
LeeP Accountants
Unit 3F Forward Hs, Aston Business Park
Shrewsbury Avenue, Woodston
Peterborough
Cambridgeshire
PE2 7EY
Jackson Financial Services Limited
Statement of financial position
as at 31 October 2024
Intangible assets
67,938
70,407
Tangible assets
37,858
45,725
Cash at bank and in hand
30,110
16,670
Creditors: amounts falling due within one year
(47,923)
(39,687)
Net current liabilities
(9,098)
(8,391)
Total assets less current liabilities
96,698
107,741
Provisions for liabilities
Called up share capital
150
150
Share premium
69,950
69,950
Profit and loss account
26,044
36,902
Shareholders' funds
96,144
107,002
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2025 and were signed on its behalf by
Mrs A T Jackson
Director
Company Registration No. 05968495
Jackson Financial Services Limited
Notes to the Accounts
for the year ended 31 October 2024
Jackson Financial Services Limited is a private company, limited by shares, registered in England and Wales, registration number 05968495. The registered office is 35b West Street, Bourne, Lincolnshire, PE10 9NB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% straight line
Fixtures & fittings
25% reducing balance
Computer equipment
33% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of thirty years.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in
the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial
liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Jackson Financial Services Limited
Notes to the Accounts
for the year ended 31 October 2024
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 November 2023
71,281
12,119
83,400
At 31 October 2024
71,281
12,119
83,400
At 1 November 2023
28,512
9,163
37,675
Charge for the year
7,128
739
7,867
At 31 October 2024
35,640
9,902
45,542
At 31 October 2024
35,641
2,217
37,858
At 31 October 2023
42,769
2,956
45,725
Amounts falling due within one year
Accrued income and prepayments
146
-
Other debtors
8,569
14,626
Jackson Financial Services Limited
Notes to the Accounts
for the year ended 31 October 2024
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Creditors: amounts falling due within one year
2024
2023
Taxes and social security
41,241
31,411
Loans from directors
-
2,270
Allotted, called up and fully paid:
100 Ordinary of £1 each
100
100
50 Ordinary A of £1 each
50
50
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Average number of employees
During the year the average number of employees was 3 (2023: 3).