JACK & ROSE LIMITED

Company Registration Number:
13216241 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 1 March 2023

End date: 31 August 2024

JACK & ROSE LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2024

Balance sheet
Additional notes
Balance sheet notes

JACK & ROSE LIMITED

Balance sheet

As at 31 August 2024

Notes 18 months to 31 August 2024 2023


£

£
Fixed assets
Tangible assets: 3 16,483 0
Total fixed assets: 16,483 0
Current assets
Debtors: 4 372
Cash at bank and in hand: 101,123
Total current assets: 101,495
Creditors: amounts falling due within one year: 5 ( 107,417 )
Net current assets (liabilities): (5,922)
Total assets less current liabilities: 10,561 100
Provision for liabilities: ( 274 )
Total net assets (liabilities): 10,287 100
Capital and reserves
Called up share capital: 104 100
Profit and loss account: 10,183
Total Shareholders' funds: 10,287 100

The notes form part of these financial statements

JACK & ROSE LIMITED

Balance sheet statements

For the year ending 31 August 2024 the company was entitled to exemption 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 28 May 2025
and signed on behalf of the board by:

Name: D Waters
Status: Director

The notes form part of these financial statements

JACK & ROSE LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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.

    Tangible fixed assets depreciation policy

    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 Plant & Equipment Depreciation method and rate 20%of Cost

    Other 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. Going concern The financial statements have been prepared on a going concern basis. 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 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. 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. 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

JACK & ROSE LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    18 months to 31 August 2024 2023
    Average number of employees during the period 4 1

JACK & ROSE LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2023 0 0
Additions 20,604 20,604
Disposals
Revaluations
Transfers
At 31 August 2024 20,604 20,604
Depreciation
At 1 March 2023 0 0
Charge for year 4,121 4,121
On disposals
Other adjustments
At 31 August 2024 4,121 4,121
Net book value
At 31 August 2024 16,483 16,483
At 28 February 2023 0 0

JACK & ROSE LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Debtors

18 months to 31 August 2024 2023
£ £
Other debtors 372
Total 372

JACK & ROSE LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Creditors: amounts falling due within one year note

18 months to 31 August 2024
£
Trade creditors 480
Taxation and social security 20,725
Accruals and deferred income 2,200
Other creditors 84,012
Total 107,417