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Registration number: 13182057

Jackson & Dix Roofing Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2025

 

Jackson & Dix Roofing Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Jackson & Dix Roofing Ltd

(Registration number: 13182057)
Balance Sheet as at 28 February 2025

Note

2025
£

2024
£

Fixed assets

 

Intangible assets

4

2,200

4,400

Tangible assets

5

39,078

38,109

 

41,278

42,509

Current assets

 

Stocks

6

155,000

96,000

Debtors

7

694,132

646,248

Cash at bank and in hand

 

398,658

159,763

 

1,247,790

902,011

Creditors: Amounts falling due within one year

8

(401,109)

(321,336)

Net current assets

 

846,681

580,675

Total assets less current liabilities

 

887,959

623,184

Provisions for liabilities

(8,120)

(5,331)

Net assets

 

879,839

617,853

Capital and reserves

 

Called up share capital

5

5

Retained earnings

879,834

617,848

Shareholders' funds

 

879,839

617,853

For the financial year ending 28 February 2025 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 and 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.

 

Jackson & Dix Roofing Ltd

(Registration number: 13182057)
Balance Sheet as at 28 February 2025

Approved and authorised by the Board on 7 May 2025 and signed on its behalf by:
 

.........................................
L Dix
Director

 

Jackson & Dix Roofing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 6
New Rock Industrial Estate
Chilcompton
BATH
BA3 4JE

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.

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.

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.

 

Jackson & Dix Roofing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

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 balance sheet 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

Motor vehicles

25% reducing balance

Plant and machinery

25% reducing balance

Computer equipment

25% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

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

Goodwill

straight line over 5 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Jackson & Dix Roofing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 14 (2024 - 13).

 

Jackson & Dix Roofing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 March 2024

11,000

11,000

At 28 February 2025

11,000

11,000

Amortisation

At 1 March 2024

6,600

6,600

Amortisation charge

2,200

2,200

At 28 February 2025

8,800

8,800

Net book value

At 28 February 2025

2,200

2,200

At 29 February 2024

4,400

4,400

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 March 2024

25,734

42,325

68,059

Additions

4,029

26,669

30,698

Disposals

(1,544)

(30,295)

(31,839)

At 28 February 2025

28,219

38,699

66,918

Depreciation

At 1 March 2024

11,640

18,310

29,950

Charge for the year

5,051

8,857

13,908

Eliminated on disposal

(978)

(15,040)

(16,018)

At 28 February 2025

15,713

12,127

27,840

Net book value

At 28 February 2025

12,506

26,572

39,078

At 29 February 2024

14,094

24,015

38,109

 

Jackson & Dix Roofing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

6

Stocks

2025
£

2024
£

Work in progress

148,000

74,000

Stock

7,000

22,000

155,000

96,000

7

Debtors

Note

2025
£

2024
£

Trade debtors

 

464,600

534,193

Amounts owed by related parties

10

210,267

88,150

Other debtors

 

7,765

2,000

Prepayments

 

11,500

21,905

 

694,132

646,248

8

Creditors

Amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

159,253

145,817

Taxation and social security

229,159

142,480

Accruals and deferred income

6,315

27,725

Other creditors

6,382

5,314

401,109

321,336

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £161,376 (2024 - £97,467).

 

Jackson & Dix Roofing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

10

Related party transactions

Other transactions with directors

During the year there were transactions with one of the directors in relation to an alternative business. At the year end there is £66,250 (2024 - £121,000) owed to the company.

Summary of transactions with entities with joint control or significant interest

Jacksons Properties Bath Ltd Rent
During the year the company paid the related party £15,000 (2024: £3,750).

Aspire Bath Ltd Subcontract labour and materials supplied
During the year the company paid the related party £415,618 (2024 - £11,980). At the year end the amount owed to the related party is £49,105 (2024 - £4,090).

During the year the company also charged the related party £14,624 for services and materials provided (2024 - £ 0). At the year end the amount owed by the related party is £3,170 (2024 - £ 0).