Company registration number 8702888 (England and Wales)
JACKIE'S NEWS LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
PAGES FOR FILING WITH REGISTRAR
JACKIE'S NEWS LIMITED
COMPANY INFORMATION
Directors
Mr N D Cox
Mrs A H Cox
Mr G S M Day
Mrs C D R Day
Company number
8702888
Registered office
Unit 6
Pickhill Business Centre
Smallhythe Road
Tenterden
Kent
United Kingdom
TN30 7LZ
Accountants
Xeinadin South East Limited
12 Conqueror Court
Sittingbourne
Kent
United Kingdom
ME10 5BH
JACKIE'S NEWS LIMITED
CONTENTS
Page
Directors' report
1
Accountants' report
2
Profit and loss account
3
Balance sheet
4
Notes to the financial statements
5 - 8
JACKIE'S NEWS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 1 -

The directors present their annual report and financial statements for the year ended 28 February 2025.

Principal activities

The principal activity of the company continued to be that of newspaper delivery.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr N D Cox
Mrs A H Cox
Mr G S M Day
Mrs C D R Day
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Mr G S M Day
Director
30 April 2025
JACKIE'S NEWS LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF JACKIE'S NEWS LIMITED FOR THE YEAR ENDED 28 FEBRUARY 2025
- 2 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Jackie's News Limited for the year ended 28 February 2025 which comprise the profit and loss account, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Jackie's News Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Jackie's News Limited and state those matters that we have agreed to state to the board of directors of Jackie's News Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jackie's News Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Jackie's News Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Jackie's News Limited. You consider that Jackie's News Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Jackie's News Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Xeinadin South East Limited
12 Conqueror Court
Sittingbourne
Kent
ME10 5BH
United Kingdom
30 April 2025
JACKIE'S NEWS LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 3 -
2025
2024
£
£
Turnover
3,583,426
3,362,912
Cost of sales
(2,041,959)
(1,951,373)
Gross profit
1,541,467
1,411,539
Administrative expenses
(1,153,269)
(1,076,138)
Operating profit
388,198
335,401
Interest receivable and similar income
944
815
Interest payable and similar expenses
-
0
(15,032)
Profit before taxation
389,142
321,184
Tax on profit
(105,047)
(61,637)
Profit for the financial year
284,095
259,547

The profit and loss account has been prepared on the basis that all operations are continuing operations.

JACKIE'S NEWS LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2025
28 February 2025
- 4 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
32,155
44,291
Tangible assets
4
72,733
89,227
Investments
5
35,000
35,000
139,888
168,518
Current assets
Debtors
6
185,826
185,385
Cash at bank and in hand
77,377
48,594
263,203
233,979
Creditors: amounts falling due within one year
7
(296,318)
(302,219)
Net current liabilities
(33,115)
(68,240)
Net assets
106,773
100,278
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
106,673
100,178
Total equity
106,773
100,278

For the financial year ended 28 February 2025 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 30 April 2025 and are signed on its behalf by:
Mr N D Cox
Mrs A H Cox
Director
Director
Mr G S M Day
Mrs C D R Day
Director
Director
Company registration number 8702888 (England and Wales)
JACKIE'S NEWS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 5 -
1
Accounting policies
Company information

Jackie's News Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 6, Pickhill Business Centre, Smallhythe Road, Tenterden, Kent, United Kingdom, TN30 7LZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.3
Intangible fixed assets - goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
15% on reducing balance
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

JACKIE'S NEWS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 6 -
1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

1.8
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
37
38
JACKIE'S NEWS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 7 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 March 2024 and 28 February 2025
1,201,088
Amortisation and impairment
At 1 March 2024
1,156,797
Amortisation charged for the year
12,136
At 28 February 2025
1,168,933
Carrying amount
At 28 February 2025
32,155
At 29 February 2024
44,291

More information on impairment movements in the year is given in note .

4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2024
129,113
Additions
2,750
Disposals
(1,000)
At 28 February 2025
130,863
Depreciation and impairment
At 1 March 2024
39,886
Depreciation charged in the year
18,244
At 28 February 2025
58,130
Carrying amount
At 28 February 2025
72,733
At 29 February 2024
89,227
5
Fixed asset investments
2025
2024
£
£
Other investments other than loans
35,000
35,000
JACKIE'S NEWS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 8 -
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
180,764
179,582
Other debtors
5,062
5,803
185,826
185,385
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
13,521
15,365
Corporation tax
105,185
61,637
Other taxation and social security
9,479
11,884
Other creditors
168,133
213,333
296,318
302,219
8
Directors' transactions

Included in creditors are amounts owing to the Directors of £168,133 (2024: £213,333)

Dividends totalling £277,600 (2024 - £208,000) were paid in the year in respect of shares held by the company's directors.

2025-02-282024-03-01falsefalsefalse30 April 2025CCH SoftwareCCH Accounts Production 2025.100The principal activity of the company continued to be that of newspaper delivery


Mr N D CoxMrs A H CoxMr G S M DayMrs C D R Day
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